ECEC(SZ:002199)2018-04-27 16:00Financial Performance - The company's revenue for Q1 2018 was ¥48,506,773.50, a decrease of 0.33% compared to ¥48,667,338.36 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥6,460,618.60, representing a decline of 742.10% from a profit of ¥1,006,164.99 in the previous year[8]. - Basic and diluted earnings per share were both -¥0.0265, a drop of 746.34% compared to ¥0.0041 in the same period last year[8]. - Operating profit turned negative at -¥6,504,986.34, a decline of 746.51% compared to the previous period, attributed to increased management and financial expenses[15]. - Total profit also turned negative at -¥6,460,618.60, a decrease of 742.10% due to rising management and financial costs[15]. - Net profit decreased by 742.10% to -¥6,460,618.60, primarily due to increased management and financial expenses[15]. - The company expects a net profit loss of between -16 million to 0 million CNY for the first half of 2018, compared to a net profit of -1.65 million CNY in the same period of 2017[24]. Cash Flow and Assets - The net cash flow from operating activities decreased by 64.75%, down to ¥1,345,917.64 from ¥3,818,494.77 year-on-year[8]. - Cash flow from operating activities decreased by 64.75% to ¥1,345,917.64, primarily due to a reduction in receivables[15]. - Cash and cash equivalents decreased by 33.35% to ¥43,492,372.68 due to the maturity of notes and payment for purchases[15]. - Total assets at the end of the reporting period were ¥553,110,762.47, a decrease of 5.16% from ¥583,210,986.74 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 1.40%, from ¥460,381,362.61 to ¥453,920,744.01[8]. - Accounts receivable decreased by 66.82% to ¥8,113,135.79 primarily due to the endorsement or collection of notes[15]. - Prepayments increased significantly by 1,570.00% to ¥3,234,174.82 mainly due to advance procurement payments[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,604[11]. - The top ten shareholders held a combined 14.80% of the shares, with the largest shareholder holding 36,036,036 shares[11]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[12]. Management and Expenses - The increase in management expenses is attributed to the establishment of a new office in Shanghai, the addition of new employees, and increased R&D investments[24]. - The company experienced foreign exchange losses due to currency fluctuations, which have worsened compared to the previous year[24]. - Investment cash outflow increased by 65.46% to ¥12,536,843.23, mainly due to new equipment purchases[16]. Compliance and Commitments - The company is committed to providing accurate and complete information disclosure as per its long-term commitments made in 2016[22]. - The company has made long-term commitments regarding compliance with laws and regulations related to its operations[22]. - The company has ongoing commitments to ensure the clarity of asset ownership and to regulate related party transactions[22]. - The company has not reported any overdue commitments during the reporting period[24]. - There are no reported violations regarding external guarantees during the reporting period[25]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26]. - The company has not engaged in any research, communication, or interview activities during the reporting period[27]. Non-Recurring Gains and Losses - Non-recurring gains and losses totaled ¥450,390.12, including government subsidies of ¥202,650.50 and investment income of ¥130,000.00[9]. Change in Control - The company plans to change its actual controller, with the new controller being Mr. Qian Jianrong after the transfer of equity interests[18].