远大智能(002689) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥147,172,064.91, representing a 5.20% increase compared to ¥139,894,853.94 in the same period last year[8] - The net profit attributable to shareholders was -¥51,555,457.87, a decrease of 37.46% from -¥37,506,424.04 year-on-year[8] - Total profit for the period was -$52.28 million, a decline of 38.57% compared to -$37.73 million in the previous year[16] - The company expects net profit attributable to shareholders for the first half of 2018 to range from $1.75 million to $2.46 million, a decrease of 30.00% to 50.00% compared to $3.51 million in the same period last year[19] Cash Flow and Assets - The net cash flow from operating activities improved by 30.03%, amounting to -¥66,817,964.31 compared to -¥95,488,609.55 in the previous year[8] - Net cash flow from operating activities improved by 30.03%, amounting to -$66.82 million compared to -$95.49 million last year[16] - Total assets at the end of the reporting period were ¥2,495,303,069.35, a decrease of 0.94% from ¥2,518,933,352.45 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 3.22% to ¥1,421,806,954.17 from ¥1,469,096,917.78 at the end of the previous year[8] Operating Costs and Expenses - Operating costs rose to $123.67 million, reflecting a significant increase of 25.98% year-over-year[16] - Financial expenses increased by 298.29% to $4.19 million due to exchange losses from currency fluctuations[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,606[11] - The largest shareholder, Shenyang Yuanda Aluminum Industry Group Co., Ltd., held 40.53% of the shares, totaling 384,424,560 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Other Income and Assets - The company reported non-operating income of ¥3,430,191.85, primarily from government subsidies and other income[9] - Prepayments increased by 142.54% to $31.45 million, primarily due to higher material payments[16] - Other current assets rose by 63.31% to $2.86 million, mainly due to an increase in tax reclassification[16] - Customer advance payments increased by 68.52% to $222.85 million, indicating a rise in pre-collected customer funds[16] Profitability Concerns - The decline in profit is attributed to rising prices of key raw materials, impacting the gross margin of elevator products[19] - The basic earnings per share decreased by 25.00% to -¥0.05 from -¥0.04 in the same period last year[8]