龙星化工(002442) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was ¥680,160,032.14, representing a 25.47% increase compared to ¥542,093,955.38 in the same period last year[7] - Net profit attributable to shareholders was ¥31,897,215.37, an increase of 83.72% from ¥17,361,441.32 year-on-year[7] - Basic earnings per share increased to ¥0.0665, reflecting an 83.70% rise from ¥0.0362 in the same period last year[7] - Revenue increased by 25.47% year-on-year, attributed to price increases during the period[16] - Net profit grew by 83.72% year-on-year, mainly due to increased operating profit[17] - The company's operating profit for Q1 2018 was CNY 38,584,206.40, a 71.8% increase from CNY 22,450,162.23 in the previous year[42] - The total comprehensive income for Q1 2018 was CNY 31,895,931.06, compared to CNY 17,363,470.67 in Q1 2017, reflecting a growth of 83.9%[43] Cash Flow - The net cash flow from operating activities reached ¥172,722,661.03, up 136.54% from ¥73,019,622.32 in the previous year[7] - Cash flow from operating activities increased by 136.54% year-on-year, driven by higher cash receipts from sales and reduced inventory[18] - The cash flow from operating activities for Q1 2018 was CNY 839,518,406.47, compared to CNY 584,784,552.82 in the same period last year, reflecting a growth of 43.6%[48] - Total cash inflow from operating activities reached CNY 840,704,756.30, up from CNY 592,168,053.67, reflecting a growth of 42.0%[49] - Cash outflow from operating activities was CNY 667,982,095.27, compared to CNY 519,148,431.35, representing an increase of 28.7%[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,729,684,578.55, a decrease of 8.14% from ¥2,971,430,590.57 at the end of the previous year[7] - The total current assets as of March 31, 2018, amount to 1,447,780,307.13 yuan, down from 1,676,128,672.29 yuan at the beginning of the period[33] - Current liabilities decreased to ¥1,537,741,989.87 from ¥1,810,237,005.68, a reduction of 15%[35] - The total liabilities decreased to ¥1,564,244,343.19 from ¥1,837,874,909.13, a decrease of 14.9%[35] - The company's fixed assets increased to ¥1,092,214,193.92 from ¥950,536,501.19, representing a growth of 14.9%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,779[10] - The largest shareholder, Liu Jiangshan, holds 20.40% of the shares, totaling 97,897,902 shares[10] - Liu Jiangshan holds 97,897,902 shares of Longxing Chemical, representing 20.40% of the total shares and 13.73% of voting rights[22] - Shanghai Tusay directly holds 32,647,734 shares of Longxing Chemical, accounting for 6.80% of the total shares and voting rights[23] - The actual voting rights available to Shanghai Tusay are 13.47%, lower than Liu Jiangshan's voting rights[22] Government and Regulatory Matters - The company received government subsidies amounting to ¥1,206,678.57 during the reporting period[8] - The company has issued a risk warning regarding the potential loss of shareholder rights due to the termination of the transfer agreement with Wang Bin[8] - The company has terminated the major asset restructuring and resumed trading on March 16, 2018[24] - The company decided to terminate the planned major asset restructuring due to failure to reach consensus on core terms with the counterparty[20] Operational Costs - Total operating costs amounted to ¥642,711,375.87, up from ¥521,861,627.73, reflecting a year-over-year increase of 23.1%[41] - The total operating costs for Q1 2018 were CNY 511,685,650.89, an increase of 35.1% from CNY 378,197,531.99 in the previous year[45] - Financial expenses increased by 49.90% year-on-year, mainly due to increased exchange losses and interest on discounted bills[16] Other Information - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[28] - The company has not received any external guarantees during the reporting period[26] - The company did not conduct an audit for the first quarter report[55]