BL(SZ:002592)2018-04-26 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥176,861,933.74, a decrease of 26.11% compared to ¥239,373,534.97 in the same period last year[8]. - The net profit attributable to shareholders was ¥6,427,743.18, down 83.64% from ¥39,286,203.76 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥3,849,028.93, reflecting a decline of 89.76% compared to ¥37,596,006.39 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.02, down 85.71% from ¥0.14 in the previous year[8]. - The weighted average return on equity was 0.30%, a decrease of 1.58% from 1.88% in the same period last year[8]. - The net profit attributable to the parent company decreased by 83.64% to ¥6,427,743.18, largely due to a decline in sales and investment income[19]. - The net profit attributable to shareholders for the first half of 2018 is expected to be between 31.48 million and 55.10 million RMB, representing a year-on-year decrease of 30.00% to 60.00%[25]. - The net profit for the first half of 2017 was 78.71 million RMB, indicating a significant decline in profitability for the current period[25]. Cash Flow and Assets - The net cash flow from operating activities was -¥48,080,732.27, a significant drop of 244.89% from ¥33,183,713.75 in the same period last year[8]. - Cash and cash equivalents increased by 343.22% to ¥469,872,500.92, primarily due to the recovery of matured financial products worth ¥430 million during the reporting period[17]. - Operating cash flow turned negative at -¥48,080,732.27, a 244.89% decrease compared to the same period last year, with cash receipts from sales down by 49.32%[20]. - Investment cash flow increased significantly to ¥428,510,327.34, a 1671.57% change, primarily from the recovery of matured financial products[21]. - Total assets at the end of the reporting period were ¥2,580,621,453.44, an increase of 0.23% from ¥2,574,739,121.76 at the end of the previous year[8]. - The net assets attributable to shareholders were ¥2,142,312,761.51, up 0.29% from ¥2,136,106,450.45 at the end of the previous year[8]. Inventory and Receivables - Accounts receivable notes rose by 32.18% to ¥138,259,017.07, mainly from an increase in customer payments via notes[17]. - Inventory increased by 32.79% to ¥147,206,948.66, driven by the addition of new products and increased customer orders[17]. Investment and Financial Expenses - The company reported non-recurring gains and losses totaling ¥2,578,714.25 for the period[9]. - The company reported a 71.33% decrease in investment income to ¥5,843,965.96, attributed to lower sales and increased costs in associated companies[19]. - The company’s financial expenses increased by 63.60% to -¥4,232,759.77, reflecting higher interest income from structured deposits[19]. Business Operations and Challenges - The company is undergoing a major asset restructuring process, with preliminary agreements reached but details still under negotiation[22]. - The large-scale sci-fi performance project "The Departed Dinosaur" is still in the market promotion phase, resulting in low customer traffic and unstable attendance rates, which is expected to incur losses in the first half of the year[25]. - The decrease in profit is attributed to several factors, including price reductions negotiated with clients, leading to lower profit margins[25]. - Investment income has also decreased, primarily due to a decline in sales and product pricing at the associated company, Chongqing Bailing Auto Parts Co., Ltd.[25].