隆基机械(002363) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥460,265,467.15, a decrease of 1.04% compared to ¥465,114,383.33 in the same period last year[8] - The net profit attributable to shareholders was ¥20,033,739.43, down 19.27% from ¥24,816,686.38 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥18,252,241.37, reflecting a decline of 26.34% compared to ¥24,777,662.83 in the previous year[8] - The basic earnings per share were ¥0.05, a decrease of 16.67% from ¥0.06 in the previous year[8] - The estimated net profit attributable to shareholders for the first half of 2018 is expected to range from 34.33 million to 51.50 million yuan, representing a change of -20.00% to 20.00% compared to the same period in 2017[19] Cash Flow - The net cash flow from operating activities decreased by 24.27%, amounting to ¥103,714,238.47, down from ¥136,950,470.13 in the same period last year[8] - Net cash flow from investing activities decreased by 132.36% compared to the previous period, primarily due to increased cash payments for acquiring subsidiary equity[16] - Net cash flow from financing activities increased by 169.30% compared to the previous period, mainly due to government subsidies received for "Industrial Transformation and Upgrading Special Funds"[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,250,965,783.60, down 1.36% from ¥3,295,679,051.81 at the end of the previous year[8] - The net assets attributable to shareholders increased by 0.90%, reaching ¥2,252,334,015.32 compared to ¥2,232,300,275.89 at the end of the previous year[8] - Other receivables decreased by 52.45% at the end of March 2018 compared to December 2017, mainly due to a reduction in employee petty cash[16] - Other current assets increased by 30.69% at the end of March 2018 compared to December 2017, primarily due to an increase in bank wealth management product purchases[16] - Deferred income increased by 141.87% at the end of March 2018 compared to December 2017, mainly due to government subsidies received for "Industrial Transformation and Upgrading Special Funds"[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,722[12] - Longi Group Co., Ltd. held 42.24% of the shares, making it the controlling shareholder of the company[12] Other Financial Metrics - Financial expenses increased by 144.76% compared to the previous period, primarily due to an increase in foreign exchange losses[16] - Investment income increased by 353.35% compared to the previous period, mainly due to increased returns from bank wealth management products[16] Performance Outlook - The increase in market development efforts and the impact of exchange rate fluctuations are the main reasons for the expected performance change[19]