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胜利精密(002426) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was CNY 4,590,859,205.50, representing a 34.38% increase compared to CNY 3,416,449,891.96 in the same period last year[8]. - Net profit attributable to shareholders was CNY 153,457,343.49, up 7.70% from CNY 142,491,910.15 year-on-year[8]. - The company reported a 10.93% increase in net profit after deducting non-recurring gains and losses, totaling CNY 148,954,637.05[8]. - The company expects net profit attributable to shareholders for the first half of 2018 to range from 33,000 to 38,000, reflecting a growth rate of 2.60% to 18.15%[25]. Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -290,044,873.24, an improvement of 43.60% from CNY -514,275,013.20 in the previous year[8]. - Cash received from tax refunds increased by 67,611,424.57, a growth rate of 125.03%, mainly due to higher export tax rebate claims by subsidiaries[22]. - Cash paid for the acquisition of fixed assets and other long-term assets rose by 416,586,175.23, a growth rate of 113.46%, driven by construction and equipment purchases by subsidiaries[22]. Assets and Liabilities - Total assets increased by 7.63% to CNY 19,903,382,398.37 from CNY 18,492,953,855.79 at the end of the previous year[8]. - The total liabilities increased significantly, with other payables rising by 826.54% to CNY 391,563,519.30[16]. - Other payables increased by 34,930.27 million, a growth rate of 826.54%, primarily due to the acquisition payment for Shunuoer equity[17]. - The company's prepayments rose significantly by 79.38%, amounting to CNY 1,617,505,582.39, primarily due to inventory stocking and advance payments for equipment and engineering[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 3,441,517,719[12]. - The top shareholder, Gao Yugen, holds 27.53% of the shares, with 710,560,909 shares pledged[12]. Operating Revenue and Costs - Operating revenue increased by 1,174,409,313.54, a growth rate of 34.38%, primarily driven by significant growth in smart terminal channel distribution and intelligent manufacturing solutions[18]. - Operating costs rose by 1,064,320,737.35, reflecting a 35.77% increase, mainly due to the rise in operating revenue and fixed costs from subsidiary asset capitalization[18]. Financial Expenses and Income - Financial expenses surged by 67,941,778.35, a growth rate of 171.11%, attributed to increased borrowing interest and foreign exchange losses[18]. - Investment income increased by 17,752,956.45, a growth rate of 420.77%, mainly due to gains from fund redemptions[18]. Other Financial Metrics - The weighted average return on equity was 1.73%, slightly up from 1.68% in the previous year[8]. - The fair value change loss for financial assets amounted to -8,565,259.29, indicating a significant decrease in value[27]. - Other receivables grew by 35,448,300, a growth rate of 54.88%, primarily due to increased expenses and deposits from subsidiaries[17].