泰和新材(002254) - 2018 Q1 - 季度财报

Financial Performance - Revenue for Q1 2018 was CNY 437,554,402.35, an increase of 3.81% compared to CNY 421,494,740.82 in the same period last year[6] - Net profit attributable to shareholders was CNY 35,711,266.87, representing a growth of 28.00% from CNY 27,900,504.81 year-on-year[6] - Net cash flow from operating activities increased by 30.08% to CNY 55,620,332.37, up from CNY 42,757,668.55 in the previous year[6] - The weighted average return on equity improved to 1.74%, up by 0.35 percentage points from 1.39% in the previous year[6] - The estimated net profit attributable to shareholders for the first half of 2018 is projected to be between RMB 70 million and RMB 100 million, representing a year-on-year increase of 13.62% to 62.31%[17] - The increase in profit is attributed to the rising sales prices of aramid products due to supply shortages[17] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,748,200,933.55, a rise of 4.93% from CNY 2,619,002,921.24 at the end of the previous year[6] - Accounts receivable increased by 82.86% compared to the beginning of the year, primarily due to increased revenue and outstanding payments[13] - Inventory rose by 45.25% from the beginning of the year, attributed to increased production capacity and output[13] - Prepayments increased by 31.89% compared to the beginning of the year, reflecting better sales performance for certain products[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,093[9] Government and Subsidiary Activities - Government subsidies recognized in the current period amounted to CNY 1,861,736.77[7] - The company established a subsidiary, Ningxia Taihe New Materials Co., Ltd., with a registered capital of RMB 40 million, contributing RMB 24.25 million to the capital increase[14] - The acquisition of operational assets and related debts from Yuehua Company was formalized on March 18, 2018, with the transaction price based on asset evaluation results[15]