中锐股份(002374) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was CNY 358,247,496.28, representing a 29.45% increase compared to CNY 276,743,912.65 in the same period last year[8]. - Net profit attributable to shareholders reached CNY 15,500,690.72, a significant increase of 834.42% from CNY 1,658,862.27 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 15,774,539.87, up 1,050.13% from CNY 1,371,549.98 in the previous year[8]. - Basic earnings per share rose to CNY 0.0177, an increase of 831.58% compared to CNY 0.0019 in the same quarter last year[8]. - The net profit for the quarter was CNY 15,512,150.45, compared to CNY 1,953,917.89 in the same period last year, indicating significant growth[35]. - The net profit attributable to the parent company was CNY 15,500,690.72, compared to CNY 1,658,862.27 in the previous period, indicating a significant increase[36]. - Total comprehensive income for the current period was CNY 15,512,150.45, compared to CNY 1,953,917.89 in the previous period[36]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 6,289,301,969.90, a decrease of 1.30% from CNY 6,371,830,526.34 at the end of the previous year[8]. - The total assets at the end of the quarter were CNY 3,988,776,249.40, slightly down from CNY 4,007,988,882.12 at the beginning of the period[32]. - The total liabilities decreased to CNY 1,297,715,684.38 from CNY 1,302,161,789.02, reflecting a slight reduction in financial obligations[33]. - The total equity attributable to shareholders was CNY 2,691,060,565.02, down from CNY 2,705,827,093.10[33]. - The company reported a decrease in long-term receivables to CNY 817,299,600.00 from CNY 896,126,764.97, suggesting a potential shift in asset management strategy[32]. Cash Flow - The net cash flow from operating activities was negative at CNY -219,954,837.50, worsening by 30.05% compared to CNY -169,131,630.62 in the previous year[8]. - Net cash flow from operating activities decreased by 30.05% year-on-year, mainly due to substantial progress payments in the landscaping business[17]. - The net cash flow from investing activities decreased by 380.49% year-on-year, reflecting increased investment in new product development and equipment upgrades[17]. - Cash inflow from investment activities totaled 56,127,880.00 yuan, compared to 550,000.00 yuan in the previous period[46]. - The net cash flow from investment activities was 22,942,965.17 yuan, a significant improvement from -57,078,486.35 yuan in the previous period[46]. - Cash inflow from financing activities amounted to 284,567,000.00 yuan, up from 160,000,000.00 yuan in the previous period[46]. - The net cash flow from financing activities was 1,164,896.18 yuan, recovering from -990,877.79 yuan in the previous period[46]. - The company experienced a net decrease in cash and cash equivalents of 267,993,493.57 yuan, compared to a decrease of 80,588,048.88 yuan in the previous period[46]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,448[12]. - The top shareholder, Sun Shiyao, holds 13.34% of the shares, with a total of 117,040,000 shares, of which 96,340,000 are pledged[12]. Operating Costs and Expenses - Operating costs increased by 31.26% year-on-year, attributed to the expansion of operating revenue[16]. - The total operating costs amounted to CNY 341,609,129.98, up from CNY 275,273,793.69, with operating costs specifically rising to CNY 307,909,796.15 from CNY 234,571,158.67[35]. - Sales expenses increased to CNY 4,119,224.11, up from CNY 3,631,502.71 in the previous period[38]. - Financial expenses surged by 334.66% year-on-year, primarily due to increased interest expenses following bond issuance[16]. - The company’s financial expenses showed a significant change, with a cost of CNY 2,910,011.22 compared to a gain of CNY -1,240,095.74 in the previous period[35]. - Financial expenses surged to CNY 5,948,593.05, compared to CNY 2,716,790.95 in the previous period, indicating increased borrowing costs[38]. Future Projections - The estimated net profit for the first half of 2018 is projected to decrease by 35.33% to 19.17% compared to the same period in 2017[20].