民和股份(002234) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was CNY 293,705,906.95, representing a 33.13% increase compared to the same period last year[7]. - The net profit attributable to shareholders was a loss of CNY 15,632,703.70, an improvement of 79.39% from a loss of CNY 75,858,923.15 in the previous year[7]. - The basic earnings per share were -CNY 0.05, showing an 80.00% improvement from -CNY 0.25 in the same period last year[7]. - For the first half of 2018, the company expects to turn a profit with a projected net profit between 5 million and 15 million yuan, compared to a net loss of 182.55 million yuan in the same period of 2017[21]. Cash Flow - The net cash flow from operating activities improved to a loss of CNY 14,322,690.49, a 72.88% reduction in loss compared to the previous year[7]. - The company reported a 33.45% increase in cash inflow from operating activities compared to the previous year, attributed to a rebound in product prices[15]. - In Q1 2018, the net cash flow from operating activities increased by 72.88% compared to the previous period, primarily due to the rise in sales revenue from the main products[14]. - In Q1 2018, the net cash flow from financing activities decreased by 31.68%, mainly due to a reduction in bank borrowings[15]. - In Q1 2018, the net increase in cash and cash equivalents rose by 50.46% compared to the previous period, attributed to the increase in main product prices[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,295,681,459.00, a 0.89% increase from the end of the previous year[7]. - The company experienced a 65.92% decrease in notes receivable, primarily due to a reduction in bank acceptance bills received[14]. - The company’s financial expenses increased by 34.41% to CNY 17,168,932.15, mainly due to higher interest payments on loans[15]. Investment Performance - The company’s investment income showed a loss of CNY 5,391,148.90, but this was a 36.60% improvement from the previous year due to reduced losses from associated companies[15]. Return on Equity - The company's weighted average return on equity improved to -2.14%, up 5.50% from -7.64% in the previous year[7].