常铝股份(002160) - 2018 Q1 - 季度财报(更新)

Financial Performance - The company's revenue for Q1 2018 was ¥926,391,960.45, representing an increase of 8.08% compared to ¥857,170,404.00 in the same period last year[7] - Net profit attributable to shareholders decreased by 45.16% to ¥12,137,246.22 from ¥22,131,170.97 year-on-year[7] - Basic and diluted earnings per share fell by 45.36% to ¥0.0165 from ¥0.0302 in the same period last year[7] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 30 million to 35 million yuan, representing a decrease of 53.60% to 45.90% compared to the same period in 2017[22] - The net profit for the first half of 2017 was 64.67 million yuan, indicating a significant decline in profitability due to fluctuations in commodity prices and seasonal factors affecting revenue recognition[23] - The net profit for Q1 2018 was CNY 11,738,760.02, a decrease of 46.6% from CNY 21,884,529.64 in the previous year[40] - The net profit for Q1 2018 was CNY 34.47 million, a decrease of 84.4% from CNY 221.26 million in Q1 2017[44] - The total profit for Q1 2018 was CNY 43.19 million, down 83.7% from CNY 264.78 million in Q1 2017[44] Cash Flow and Liquidity - The net cash flow from operating activities improved by 79.40%, reaching -¥35,076,471.25 compared to -¥170,259,458.04 in the previous year[7] - Cash paid for purchasing goods and accepting services increased by 45.77% year-on-year, an increase of 1,093.41 million, driven by increased production and sales[17] - Cash received from tax refunds increased by 55.22% year-on-year, an increase of 11.15 million, due to higher export tax rebates[17] - Cash received from borrowings increased by 35.85% year-on-year, an increase of 188.41 million, due to an expanded financing scale and increased borrowings due[17] - Cash paid for dividends, profits, or interest increased by 88.8% year-on-year, an increase of 8.19 million, primarily due to an increase in bank bill discounts[17] - The cash flow from operating activities showed a net outflow of CNY 35.08 million, compared to a net outflow of CNY 170.26 million in the same period last year[48] - The company raised CNY 714.03 million through borrowings in Q1 2018, compared to CNY 525.62 million in Q1 2017[49] - The cash flow from operating activities showed a notable decrease in outflows, suggesting improved operational efficiency[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,418,243,041.65, a decrease of 1.65% from ¥6,525,854,262.10 at the end of the previous year[7] - Current assets totaled CNY 3,308,315,676.62, down from CNY 3,424,756,248.95 at the beginning of the period, indicating a decline of approximately 3.4%[31] - Total liabilities decreased to CNY 3,133,961,253.53 from CNY 3,243,478,959.86, a reduction of about 3.4%[33] - The company's total equity at the end of the reporting period was CNY 3,284,281,788.12, slightly up from CNY 3,282,375,302.24[34] - The company's cash and cash equivalents decreased to CNY 476,460,777.15 from CNY 582,280,963.60, a decline of approximately 18.1%[31] - The accounts receivable decreased to CNY 845,910,197.02 from CNY 924,841,136.01, a decline of approximately 8.5%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,197[11] - The largest shareholder, Changshu Aluminum Foil Factory, holds 25.43% of the shares, amounting to 184,178,730 shares, with 25,380,710 shares pledged[11] - The company has committed to distributing at least 30% of the average annual distributable profit from the past three years in cash to shareholders over the next three years (2018-2020)[21] Operational Insights - The company's non-current asset disposal loss was ¥110,969.95, while government subsidies recognized in the current period amounted to ¥497,540.08, resulting in a total non-recurring profit of ¥386,570.13[8] - The company acknowledged the impact of seasonal factors on its medical clean engineering revenue, which has not yet contributed to profits[23] - The company is focused on maintaining compliance with laws and regulations regarding related party transactions and shareholder rights[20] - The company is taking measures to avoid competition with related enterprises, including potential asset acquisitions and prioritizing the interests of its subsidiaries[20] - The company has no violations regarding external guarantees during the reporting period[26] Investment Activities - Investment cash payments decreased by 100% year-on-year, a reduction of 25 million, as there were no related equity investments during the period[17] - The cash flow from investing activities indicates a strategic shift towards more conservative investment practices compared to the previous year[52] - Total cash outflow from investing activities was 6,317,538.28 CNY, down from 112,086,837.33 CNY year-over-year, reflecting a reduction in investment expenditures[52]