兴森科技(002436) - 2018 Q1 - 季度财报

Revenue and Profitability - The company's revenue for Q1 2018 was ¥803,214,511.49, representing a 2.74% increase compared to ¥781,765,613.10 in the same period last year[8] - Net profit attributable to shareholders decreased by 44.19% to ¥20,591,287.05 from ¥36,896,490.85 year-on-year[8] - Basic and diluted earnings per share both dropped by 50.00% to ¥0.01 from ¥0.02[8] - The company expects net profit attributable to shareholders for the first half of 2018 to be between CNY 73.82 million and CNY 94.91 million, representing a decrease of 30.00% to 10.00% compared to the same period in 2017[28] Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥12,774,126.27, a decline of 182.28% compared to ¥15,524,742.30 in the previous year[8] - Total assets at the end of the reporting period were ¥4,424,920,052.72, a slight decrease of 0.23% from ¥4,435,336,473.83 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.06% to ¥2,421,160,757.20 from ¥2,395,678,435.25[8] - Cash received from borrowings increased by CNY 96.37 million, a growth rate of 188.81%, primarily due to new bank loans[25] Operating Performance - Operating income increased by CNY 1.43 million, a growth rate of 236.76%, mainly due to gains from asset disposals and increased unrelated subsidies received[20] - Non-operating income for the period amounted to ¥4,857,029.22, primarily from government subsidies and other income[9] Asset Management - Construction in progress increased by 52.89% to ¥117,538,501.00, driven by new equipment purchases and project expenditures[17] - The company reported a significant decrease in interest receivables by 99.44%, down to ¥25,505.21 from ¥4,580,416.67[16] - The company reported a significant decrease in cash received from the disposal of fixed assets, intangible assets, and other long-term assets by CNY 10.68 million, a decline of 90.43%[24] Financial Expenses and Impairments - Financial expenses increased by CNY 22.36 million, a growth rate of 381.36%, mainly due to exchange losses from RMB to USD fluctuations and increased bond interest expenses[20] - Asset impairment losses increased by CNY 5.38 million, primarily due to goodwill impairment losses from subsidiary Harbor and increased bad debt provisions for accounts receivable[20] Other Financial Metrics - Other income increased by CNY 4.17 million, attributed to a change in accounting policy that reclassified government subsidies from non-operating income to other income[20] - Cash received from tax refunds increased by CNY 0.83 million, a growth rate of 51.20%, primarily due to increased cash from export tax rebates[24] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets increased by CNY 41.47 million, a growth rate of 163.89%, mainly due to increased expenditures for new equipment and the second phase of the science city project[25] - The impact of exchange rate fluctuations on cash and cash equivalents decreased by CNY 9.26 million, a significant change of 1201.50% compared to the previous year[26]