恒邦股份(002237) - 2018 Q1 - 季度财报

Revenue Performance - Revenue for Q1 2018 was CNY 4,613,074,425.36, a decrease of 6.31% compared to CNY 4,923,881,947.54 in the same period last year[8]. Profitability - Net profit attributable to shareholders increased by 74.47% to CNY 122,912,921.61 from CNY 70,450,250.00 year-on-year[8]. - Net profit excluding non-recurring gains and losses rose by 88.06% to CNY 137,690,920.68 compared to CNY 73,215,366.43 in the previous year[8]. - Basic earnings per share increased by 75.00% to CNY 0.14 from CNY 0.08 in the same period last year[8]. - The net profit attributable to the parent company's shareholders increased by 74.47% year-on-year, mainly due to the rise in market prices of electrolytic copper, lead, and sulfuric acid by 4888.00 CNY/ton, 639.00 CNY/ton, and 123.01 CNY/ton respectively, leading to an increase in product gross margin[16]. - The net profit attributable to the shareholders of the listed company, excluding non-recurring gains and losses, increased by 88.06% year-on-year, driven by the same factors as the net profit increase[16]. - The expected net profit attributable to the shareholders of the listed company for the first half of 2018 is projected to be between 197.45 million CNY and 256.68 million CNY, representing a year-on-year increase of 0.00% to 30.00%[22]. - The significant increase in market prices for main products such as electrolytic copper, lead, and sulfuric acid compared to the same period last year is the primary reason for the expected profit increase[22]. Cash Flow - Net cash flow from operating activities increased by 91.51% to CNY 477,806,367.86 from CNY 249,487,740.41 year-on-year[8]. - The net cash flow from operating activities increased by 91.51% year-on-year, primarily due to a slowdown in the procurement pace of raw materials, which significantly reduced cash outflow for raw material purchases[16]. Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 13,061,698,634.40, an increase of 1.02% from CNY 12,930,336,639.57 at the end of the previous year[8]. - Net assets attributable to shareholders increased by 4.86% to CNY 4,411,775,347.97 from CNY 4,207,463,171.12 at the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 64,660[12]. - The largest shareholder, Yantai Hengbang Group Co., Ltd., holds 35.87% of the shares, totaling 326,603,866 shares[12]. Non-Recurring Items - The company reported non-recurring losses totaling CNY 14,777,999.07, primarily due to ineffective hedging losses and other non-operating income[9].