福建金森(002679) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥25,704,105.74, an increase of 15,425.60% compared to the same period last year[8] - The net profit attributable to shareholders was ¥1,649,010.22, representing a 107.75% increase from a net loss of ¥21,262,804.29 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥1,048,168.33, up 105.04% from a loss of ¥20,811,572.42 year-on-year[8] - Basic earnings per share were ¥0.01, a turnaround from -¥0.15 in the same period last year, marking a 106.67% increase[8] - The company expects to turn a profit in the first half of 2018, projecting a net profit between ¥800,000 and ¥2,000,000, compared to a loss of ¥2,474,480 in the same period last year.[22] - The total comprehensive income attributable to the parent company was CNY 1,649,010, compared to a loss of CNY 21,262,804 in the previous year[41] Cash Flow - The company's cash flow from operating activities was -¥3,142,938.56, showing a 95.01% improvement compared to -¥63,021,671.30 in the previous year[8] - Cash inflow from operating activities totaled ¥43,390,078.06, marking a 457.06% increase due to aggressive cash collection efforts.[18] - Net cash flow from operating activities improved by 95.01% to -¥3,142,938.56, driven by enhanced cash recovery compared to the previous year.[19] - The net cash flow from operating activities was a negative CNY 3,142,938, an improvement from a negative CNY 63,021,671 in the previous year[45] - Total cash inflow from operating activities amounted to 68,284,170.75, while cash outflow was 63,684,962.35, resulting in a positive cash flow[49] - The company received 36,174,959.19 in cash from sales of goods and services during the reporting period[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,647,900,529.52, a decrease of 2.04% from the previous year-end[8] - The company's total liabilities decreased, with a significant reduction in cash reserves by 38.00% to ¥90,890,474.94 due to repayment of bank loans[16] - Current liabilities totaled CNY 383,804,276.10, a decrease from CNY 414,122,738.74 in the previous period[34] - The company's total liabilities were CNY 891,540,158.82, down from CNY 924,269,621.46[35] - The equity attributable to shareholders of the parent company was CNY 645,105,363.16, a decrease from CNY 657,945,691.57[35] - Cash and cash equivalents decreased to CNY 89,760,352.22 from CNY 137,727,366.63[33] Investments - The company reported an increase in investment income of 54.41%, amounting to ¥635,847.42, attributed to improved performance of its investments[15] - Long-term equity investment increased by 82.09% to ¥41,337,352.68, primarily due to new investment in Sanming Jinshan Forest Rights Transfer Co., Ltd.[17] - Intangible assets rose by 63.73% to ¥22,554,967.57, attributed to the completion and utilization of the Smart Forestry project.[17] - The total cash outflow from investing activities was CNY 22,042,000, significantly higher than CNY 3,150 in the previous year[46] Operational Efficiency - The company maintained a weighted average return on equity of 0.21%, recovering from -2.92% in the previous year[8] - Accounts payable decreased by 36.09% to ¥15,891,252.71, as the company paid off previously accrued land rent and road subsidies.[17] - Prepayments surged by 2869.28% to ¥4,162,793.88, reflecting significant advance payments received from customers.[17] - The company's cash flow from operating activities showed a recovery trend, indicating improved operational efficiency[49] Other Financial Metrics - Operating costs amounted to CNY 25,364,353.84, reflecting a rise from CNY 21,478,386.07 in the prior period[38] - The company reported a 100% decrease in cash received from borrowings, as no new bank loans were taken during the reporting period.[20] - The total operating expenses for Q1 2018 were CNY 47,946, with sales expenses amounting to CNY 145,185[41] - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[51]