CAFX(SZ:002760)2018-04-26 16:00Financial Performance - The company's operating revenue for Q1 2018 was CNY 104,248,095.71, representing a 9.79% increase compared to CNY 94,953,414.89 in the same period last year[8] - Net profit attributable to shareholders was CNY 1,476,578.41, a significant turnaround from a loss of CNY 3,909,896.14, marking a 137.77% increase year-over-year[15] - The net cash flow from operating activities improved to CNY 26,219,850.28, a 226.31% increase from a negative CNY 20,757,917.68 in the previous year[15] - Basic and diluted earnings per share both increased to CNY 0.02, up 150.00% from a loss of CNY 0.04 per share in the same period last year[15] - The company expects to turn a profit in the first half of 2018 compared to a loss in the same period last year[20] - The net profit for the first half of 2018 is projected to be 200,860,000 CNY, a significant improvement from a net loss of 9,679,800 CNY in the first half of 2017[21] Assets and Shareholder Equity - Total assets at the end of the reporting period were CNY 899,717,759.76, a decrease of 1.81% from CNY 916,317,263.54 at the end of the previous year[8] - The company's net assets attributable to shareholders increased slightly by 0.31% to CNY 483,854,161.88 from CNY 482,377,583.47[8] - The total number of ordinary shareholders at the end of the reporting period was 14,470[11] Government Support and Strategic Changes - The company received government subsidies amounting to CNY 7,269,632.96 during the reporting period[9] - The company’s non-public offering of A-shares was terminated due to failure to complete the issuance within the regulatory timeframe, impacting its strategic acquisition plans[17] Return on Equity - The company reported a weighted average return on equity of 0.31%, an improvement from -0.69% in the previous year[8] Profit Drivers - The increase in profit is attributed to flexible pricing strategies in response to raw material price changes, increased market demand, and improved product gross margins[21]