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山东墨龙(002490) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥842,583,183.58, representing a 78.60% increase compared to ¥471,784,269.19 in the same period last year[8]. - Net profit attributable to shareholders was ¥10,667,578.43, a significant turnaround from a loss of ¥54,788,681.90, marking a 119.47% improvement[8]. - The net profit after deducting non-recurring gains and losses was ¥8,650,090.71, compared to a loss of ¥106,454,092.42, reflecting an increase of 108.13%[8]. - The basic earnings per share increased to ¥0.0134 from a loss of ¥0.069, showing a 119.42% improvement[8]. - The company expects net profit attributable to shareholders for the first half of 2018 to increase by 184.87% to 327.31% compared to the same period in 2017, driven by rising oil prices and strong demand for pipe products[23]. Assets and Liabilities - The company's total assets decreased by 3.33% to ¥6,015,350,682.42 from ¥6,222,802,967.54 at the end of the previous year[8]. - The net assets attributable to shareholders increased slightly by 0.68% to ¥1,882,239,393.98 from ¥1,869,595,561.71[8]. - Cash and cash equivalents decreased by 41.41% to ¥515,218,608.01 from ¥879,371,103.17, primarily due to the expiration of deposits and delayed collection of accounts receivable[15]. - The company’s construction in progress decreased by 75.06% compared to the beginning of the year, as a major project was completed and transferred to fixed assets[16]. Cash Flow - The net cash flow from operating activities was negative at -¥161,410,159.29, a decline of 516.58% compared to ¥38,746,115.52 in the previous year[8]. - The net cash flow from operating activities decreased by 516.58% year-on-year, primarily due to an increase in accounts receivable[20]. Accounts Receivable - The company reported a significant increase in accounts receivable, which rose by 45.05% to ¥549,338,014.58 from ¥378,729,615.88[15]. - Accounts receivable increased by 45.05% compared to the beginning of the year, primarily due to longer payment terms from oilfield customers[16]. Operating Costs and Expenses - Operating costs increased by 43.31% year-on-year to RMB 750.19 million, mainly due to the significant rise in sales revenue[19]. - Financial expenses rose by 63.99% year-on-year to RMB 47.35 million, attributed to increased borrowings and higher financing costs[18]. - The company reported a 126.26% increase in operating expenses year-on-year, largely due to increased transportation costs associated with higher sales volumes[19]. Investor Relations - The company has received 33 claims from investors due to false statements, with a total amount involved of RMB 12.5 million[21]. Other Comprehensive Income - Other comprehensive income increased by 74.66% compared to the beginning of the year, mainly due to foreign exchange differences from the RMB to USD[16].