富春环保(002479) - 2018 Q1 - 季度财报(更新)

Revenue and Profit - Revenue for Q1 2018 was CNY 656,749,738.39, a decrease of 17.20% compared to CNY 793,214,357.28 in the same period last year[9] - Net profit attributable to shareholders was CNY 46,795,178.71, down 42.21% from CNY 80,977,011.93 year-on-year[9] - Net profit excluding non-recurring gains and losses was CNY 45,365,030.16, a decline of 42.94% compared to CNY 79,497,445.93 in the previous year[9] - Basic and diluted earnings per share were both CNY 0.0588, down 42.18% from CNY 0.1017 in the previous year[9] - The net profit attributable to shareholders for the first half of 2018 is expected to decrease by 10.00% to 30.00%, ranging from ¥13,896.51 million to ¥17,866.94 million[20] - The total comprehensive income attributable to the parent company was CNY 46,795,178.71, compared to CNY 80,977,011.93 in the previous year[39] - The net profit for Q1 2018 was CNY 28,312,388.21, a decrease of 55.1% from CNY 62,816,521.57 in Q1 2017[39] Cash Flow - Operating cash flow for the period was CNY 19,977,669.65, a significant increase of 405.66% from a negative CNY 6,535,904.39 in the same period last year[9] - The net cash flow from operating activities was CNY 19,977,669.65, recovering from a negative cash flow of CNY -6,535,904.39 in Q1 2017[43] - Cash received from sales of goods and services was $207.42 million, an increase from $195.42 million in the previous period[46] - Cash outflow from operating activities totaled $200.15 million, down from $325.71 million, indicating a reduction of about 38%[47] - Net cash flow from operating activities was $31.66 million, a significant improvement from a net outflow of $63.30 million in the previous period[47] Assets and Liabilities - Total assets at the end of the period were CNY 5,212,255,237.66, an increase of 2.19% from CNY 5,100,389,666.97 at the end of the previous year[9] - The company's total assets increased to CNY 3,817,725,264.08 from CNY 3,693,790,635.12, indicating growth in asset base[32] - Current liabilities rose to CNY 877,229,759.62, compared to CNY 780,455,019.88, suggesting increased short-term financial obligations[32] - The total liabilities and owners' equity amounted to CNY 5,212,255,237.66, up from CNY 5,100,389,666.97, reflecting overall financial growth[30] - The company’s short-term borrowings rose to ¥1,323,000,000.00, an increase from ¥1,263,000,000.00[28] Inventory and Prepayments - Prepayments increased by 81.48% to ¥62,786,683.83 due to increased advance payments for new energy products[17] - Inventory rose by 67.61% to ¥195,369,403.84 primarily due to increased coal stock at the parent company and subsidiaries[17] - The company reported a decrease in inventory to CNY 62,858,389.09 from CNY 26,784,386.90, suggesting better inventory management[31] Shareholder Information - The total number of ordinary shareholders at the end of the period was 48,783[13] - The largest shareholder, Zhejiang Fuchunjiang Communication Group, held 38.00% of the shares, totaling 302,635,358 shares[13] Cost Management - Total operating costs for Q1 2018 were CNY 593,998,796.18, down from CNY 689,207,399.71, reflecting a cost reduction strategy[35] - The company plans to continue focusing on cost control and efficiency improvements to enhance profitability in future quarters[36] - The company incurred operating costs of CNY 185,782,263.69, which is an increase from CNY 169,371,460.16 in Q1 2017[39] Non-Recurring Gains and Other Income - The company reported non-recurring gains of CNY 1,430,148.55, primarily from government subsidies and other income[10] - The company reported a 56.94% decrease in non-operating income to ¥4,340,872.74, as waste treatment fees were included in main business income[17] Financial Expenses - The financial expenses for Q1 2018 were CNY -1,937,430.66, a notable improvement compared to CNY 1,908,071.27 in the previous year[39]