HMJT(SZ:002356)2018-07-13 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥627,445,340.02, a decrease of 19.69% compared to the same period last year[9]. - Net profit attributable to shareholders was ¥23,020,448.80, representing a growth of 48.33% year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥10,076,056.37, down 52.46% from the previous year[9]. - Basic earnings per share increased by 48.20% to ¥0.0741[9]. - The company reported a total cash inflow from operating activities of 1,907,766,154.60 CNY, compared to 1,799,427,940.24 CNY in the previous period, showing a slight increase[49]. - The total profit for Q1 2018 was CNY 50,519,829.43, up from CNY 42,646,333.68 in Q1 2017, reflecting a growth of approximately 18.8%[41]. - The total comprehensive income for Q1 2018 was CNY 40,316,578.32, compared to CNY 25,403,780.12 in the previous year, showing an increase of about 58.6%[42]. Revenue Breakdown - Apparel revenue reached 37,107.04 million, a significant increase of 1,058.52% compared to the same period last year, with a gross margin of 51.65%[19]. - Financial services revenue increased by 8.31% to 15,083.07 million, with a gross margin of 91.99%[19]. - Smart meter revenue decreased by 13.04% to 7,470.01 million, with a gross margin of 22.09%[19]. - Diamond jewelry revenue plummeted by 94.18% to 3,049.96 million, with a gross margin of 16.70%[19]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥236,638,469.16, a decline of 34.13% compared to the same period last year[9]. - The cash flow from operating activities for Q1 2018 was CNY 578,991,087.84, compared to CNY 802,291,573.95 in the previous year, indicating a decrease of about 27.8%[48]. - The total cash and cash equivalents at the end of the period decreased to 176,467,635.40 CNY from 840,858,820.53 CNY, indicating a liquidity contraction[50]. - The net increase in cash and cash equivalents for the period was -189,573,071.25 CNY, contrasting with an increase of 402,218,187.20 CNY in the prior period, highlighting a challenging cash flow environment[50]. Asset and Liability Management - Total assets at the end of the reporting period were ¥6,656,742,815.61, a decrease of 4.97% from the end of the previous year[9]. - Current liabilities decreased from 1,670,277,170.41 RMB to 1,467,422,377.24 RMB, indicating improved liquidity management[33]. - The total liabilities decreased to CNY 4,431,484,783.30 from CNY 4,819,543,660.50[36]. - Current assets increased to CNY 2,820,637,780.69 from CNY 2,768,218,454.31[36]. - The total equity attributable to shareholders reached CNY 1,823,006,067.53, compared to CNY 1,799,909,014.11 previously[35]. Operational Efficiency - The company reported a significant increase in sales expenses, which rose by 373.64% to ¥12,281,810.00, primarily due to the consolidation of a newly acquired subsidiary[17]. - The company’s gross profit margin improved due to the higher margin from newly added apparel sales, with operating costs decreasing by 50.39% to ¥27,645,070.00[17]. - The company's operating costs for Q1 2018 were CNY 50,834,025.08, down from CNY 87,247,078.36 in Q1 2017, a decrease of approximately 41.8%[45]. Future Projections and Plans - The estimated net profit for the first half of 2018 is projected to be between 6,000 and 10,000 million RMB, representing a decrease of 29.55% to an increase of 17.42% compared to the same period last year[24]. - The company plans to repurchase shares worth 200 million RMB over six months starting February 7, 2018, reflecting confidence in long-term investment value[20]. - The company sold 75% equity in a subsidiary for 10,950 million RMB to enhance operational efficiency[21].