华脉科技(603042) - 2018 Q1 - 季度财报

Important Notice Important Notice The board, supervisory board, and senior management affirm the report's truthfulness and completeness, noting it remains unaudited - The Board, Supervisory Board, and senior management guarantee the quarterly report's truthfulness, accuracy, and completeness, free from misstatements or omissions[8] - The company's 2018 first-quarter report is unaudited[5] Company Profile Key Financial Data In Q1 2018, the company's performance significantly declined, with operating revenue down 5.27% and net profit attributable to shareholders plummeting 69.28% due to lower product prices and gross margins, resulting in negative and expanding operating cash flow 2018 First Quarter Key Financial Data | Indicator | Current Period | Prior Year Period | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 269,139,935.03 | 284,111,152.79 | -5.27% | | Net Profit Attributable to Shareholders (RMB) | 8,325,626.21 | 27,104,211.19 | -69.28% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 7,589,646.97 | 26,976,878.07 | -71.87% | | Net Cash Flow from Operating Activities (RMB) | -129,939,762.50 | -108,439,604.71 | Not Applicable | | Basic Earnings Per Share (RMB/share) | 0.0612 | 0.2657 | -76.97% | | Weighted Average Return on Net Assets (%) | 0.95% | 5.73% | Decrease of 4.78 percentage points | - Non-recurring gains and losses totaled RMB 735,979.24 for the period, primarily from entrusted investments and government subsidies[9][10] Shareholder Information As of Q1 2018, the company had 17,546 shareholders, with the top ten holding over 60% of restricted shares, led by Xu Aimin at 25.22% - At the end of the reporting period, the company had 17,546 shareholders[12] Top Five Shareholders' Holdings | Shareholder Name | Number of Shares Held | Percentage of Total Share Capital (%) | Share Nature | | :--- | :--- | :--- | :--- | | Xu Aimin | 34,971,428 | 25.22 | Domestic Natural Person | | Shanghai Financial Development Investment Fund (Limited Partnership) | 16,558,441 | 11.94 | Domestic Non-State-Owned Legal Person | | Wang Xiaofu | 11,127,273 | 8.02 | Domestic Natural Person | | Zhang Fan | 8,742,857 | 6.30 | Domestic Natural Person | | Lu Zhongming | 7,153,247 | 5.16 | Domestic Natural Person | Significant Events Analysis of Significant Changes in Key Financial Indicators Significant changes occurred across financial statements, with non-current assets and construction in progress surging, net profit declining 69.28% due to margin erosion, and cash flows shifting in investing and financing activities Significant Changes in Key Accounting Statement Items | Statement Item | Period-End Balance/Current Period Amount (RMB) | Year-Beginning Balance/Prior Year Period (RMB) | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Other Non-current Assets | 70,000,000.00 | 231,900.00 | 30085.42% | Due to payment for equity acquisition | | Construction in Progress | 30,244,018.41 | 1,549,209.59 | 1852.22% | Due to construction of third-phase factory auxiliary projects | | Other Current Assets | 1,576,281.99 | 85,952,188.48 | -98.17% | Due to decrease in wealth management product purchases | | Net Profit Attributable to Shareholders | 8,325,626.21 | 27,104,211.19 | -69.28% | Due to decrease in product prices and gross margin | | Net Cash Flow from Investing Activities | -9,229,891.90 | 14,284,796.13 | -164.61% | Due to increased external investments | | Net Cash Flow from Financing Activities | 48,539,444.44 | -42,125,503.78 | Not Applicable | Due to increased bank borrowings | Other Significant Matters The company reported no significant event progress, no overdue unfulfilled commitments, and no profit warnings for the period - The company has no significant matters requiring explanation[15] - The company has no overdue unfulfilled commitments[15] - The company has not predicted a potential loss or significant change in cumulative net profit from the beginning of the year to the end of the next reporting period[16] Appendix Financial Statements This section presents the company's unaudited consolidated and parent company financial statements for Q1 2018, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2018, the company's total assets were RMB 1.529 billion, a 1.36% increase from the beginning of the year, with total liabilities at RMB 645 million and owner's equity attributable to the parent company at RMB 884 million Consolidated Balance Sheet Key Items (2018-03-31) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 1,529,072,085.73 | 1,508,579,531.48 | | Total Liabilities | 644,847,487.68 | 632,680,559.64 | | Total Owner's Equity Attributable to Parent Company | 884,224,598.05 | 875,898,971.84 | Consolidated Income Statement In Q1 2018, the company's total operating revenue was RMB 269.14 million, a 5.27% year-on-year decrease, and net profit attributable to parent company shareholders was RMB 8.33 million, a significant 69.28% year-on-year decline Consolidated Income Statement Key Items (January-March 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 269,139,935.03 | 284,111,152.79 | | Operating Profit | 9,735,643.18 | 32,604,789.05 | | Total Profit | 10,081,626.20 | 32,754,592.72 | | Net Profit Attributable to Parent Company Shareholders | 8,325,626.21 | 27,104,211.19 | Consolidated Cash Flow Statement In Q1 2018, net cash flow from operating activities was negative RMB 130 million, with net outflow from investing activities at RMB 9.23 million due to increased investments, and net inflow from financing activities at RMB 48.54 million primarily from bank borrowings, resulting in an ending cash and cash equivalents balance of RMB 87.48 million Consolidated Cash Flow Statement Key Items (January-March 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -129,939,762.50 | -108,439,604.71 | | Net Cash Flow from Investing Activities | -9,229,891.90 | 14,284,796.13 | | Net Cash Flow from Financing Activities | 48,539,444.44 | -42,125,503.78 | | Period-End Cash and Cash Equivalents Balance | 87,481,903.54 | 64,360,845.78 | Audit Report This quarterly report is unaudited, therefore an audit report is not applicable - The audit report is not applicable (√ Not Applicable)[38]