中科金财(002657) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥225,669,963.34, representing a 7.03% increase compared to ¥210,855,918.82 in the same period last year[6]. - Net profit attributable to shareholders decreased by 15.19% to ¥29,490,648.44 from ¥34,774,164.85 year-on-year[6]. - The net profit after deducting non-recurring gains and losses dropped significantly by 93.89% to ¥1,206,990.66 from ¥19,769,562.68 in the previous year[6]. - The basic earnings per share decreased by 10.00% to ¥0.09 from ¥0.1 in the same period last year[6]. - The weighted average return on equity was 1.16%, down from 1.25% in the previous year[6]. - The company expects a positive net profit attributable to shareholders for the first half of 2018, indicating no turnaround situation[18]. - The net profit attributable to shareholders for the first half of 2018 is expected to range from 74.17 million to 120.53 million CNY, reflecting a year-on-year change of -20% to 30%[19]. - The net profit for the first half of 2017 was 92.72 million CNY, indicating a significant fluctuation in expected performance for 2018[19]. - The company attributes the performance change to business progress, market expansion, external investment conditions, and seasonal business characteristics[19]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥300,202,646.37, worsening by 125.16% compared to -¥133,331,167.38 in the same period last year[6]. - Cash and cash equivalents decreased by 47.06% to ¥358,391,567.58 from ¥677,014,224.38 due to increased cash payments for debt repayment[14]. - Cash and cash equivalents at the end of the period decreased by 67.84% to ¥263,700,396.49 from ¥819,963,031.23 due to increased debt repayments[16]. - Total assets at the end of the reporting period were ¥3,923,551,288.08, a decrease of 13.76% from ¥4,549,570,657.17 at the end of the previous year[6]. - The net assets attributable to shareholders increased by 1.17% to ¥2,547,014,839.27 from ¥2,517,531,571.37 at the end of the previous year[6]. Expenses and Liabilities - Sales expenses increased by 47.50% to ¥11,826,240.39 from ¥8,017,926.72 due to the expansion of business operations[15]. - Financial expenses surged by 517.13% to ¥10,145,547.85 from ¥1,643,984.23 due to increased interest expenses[15]. - Operating cash outflow increased by 58.78% to ¥536,212,343.97 from ¥337,697,799.85 due to increased business guarantee payments[16]. Other Financial Metrics - The company reported non-recurring gains of ¥28,283,657.78, primarily from government subsidies and financial asset transactions[7]. - The total number of ordinary shareholders at the end of the reporting period was 65,172[10]. - Accounts receivable decreased by 86.47% to ¥1,101,000.00 from ¥8,137,514.49 primarily due to the maturity of bank acceptance bills[14]. - Prepayments increased by 307.91% to ¥25,127,045.01 from ¥6,159,904.41 due to increased advance payments for business operations[14]. - Long-term deferred expenses increased by 68.80% to ¥2,629,720.96 from ¥1,557,866.93 due to new office renovation costs[14]. - Investment income rose by 65.85% to ¥26,005,476.72 from ¥15,680,221.25 primarily due to increased returns from financial products[15].