C&S(SZ:002511)2018-04-24 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥1,224,790,878.97, representing an increase of 18.65% compared to ¥1,032,246,698.85 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2018 was ¥98,560,444.43, up 30.93% from ¥75,278,079.39 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥91,445,247.70, reflecting a 29.05% increase from ¥70,858,566.03 year-on-year[7]. - The basic earnings per share for Q1 2018 was ¥0.1335, a rise of 30.88% compared to ¥0.1020 in the same quarter last year[7]. - The diluted earnings per share increased by 31.27% to ¥0.1314 from ¥0.1001 in the previous year[7]. - The estimated net profit attributable to shareholders for the first half of 2018 is projected to be between 179.87 million and 203.33 million RMB, representing a year-on-year increase of 15% to 30%[30]. - The net profit attributable to shareholders for the first half of 2017 was 156.41 million RMB, indicating growth driven by increased sales revenue[31]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥209,594,411.10, worsening by 79.85% compared to -¥116,539,612.62 in the same period last year[7]. - Cash and cash equivalents decreased by ¥598,935,839.08, a decline of 55.17%, primarily due to the repayment of ¥830 million in bonds[17]. - Net cash flow from operating activities decreased by ¥93,054,798.48, a decline of 79.85%, mainly due to increased payments for goods[22]. - Net cash flow from investing activities increased by ¥358,341,535.45, a rise of 668.47%, primarily due to an increase in recovered principal from financial investments[22]. - Total assets at the end of the reporting period were ¥5,088,373,838.21, down 12.15% from ¥5,791,847,441.53 at the end of the previous year[7]. - The net assets attributable to shareholders increased by 3.30% to ¥3,144,257,691.64 from ¥3,043,943,947.21 at the end of the previous year[7]. Expenses and Liabilities - Management expenses increased by ¥28,950,140.65, a growth of 53.84%, due to higher R&D costs for new product development and increased salaries for management personnel[19]. - Financial expenses increased by ¥3,857,236.62, a rise of 34.62%, primarily due to increased interest expenses from higher borrowings[19]. - Short-term borrowings rose by ¥192,981,813.86, an increase of 37.23%, attributed to the need for additional bank loans for operational activities[17]. Investments and Future Plans - The company plans to distribute a cash dividend of ¥1.00 per 10 shares, totaling a cash payout based on the total share capital at the time of distribution[23]. - The company intends to invest up to ¥200 million in low-risk, short-term financial products using idle funds[25]. - The company announced an expansion project for its wholly-owned subsidiary Sichuan Zhongshun, with a total investment of approximately 500 million RMB for a 50,000-ton high-end household paper project[28]. - The company plans to increase its shareholding by the actual controller and general manager, with a maximum increase not exceeding 1% of the total share capital, amounting to no less than 10 million RMB[26]. - The company’s subsidiary obtained the "High-tech Enterprise Certificate," allowing it to pay corporate income tax at a reduced rate of 15% for three years[25]. Non-Recurring Gains - The company reported non-recurring gains totaling ¥7,115,196.73, primarily from government subsidies and investment income[9].