昇兴股份(002752) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was ¥500,475,797.27, a slight increase of 0.06% compared to ¥500,193,729.81 in the same period last year[8]. - Net profit attributable to shareholders decreased by 47.62% to ¥26,197,846.26 from ¥50,017,271.09 year-on-year[8]. - Basic and diluted earnings per share both fell by 47.67% to ¥0.0314 from ¥0.06 in the same period last year[8]. - Operating income for the reporting period was CNY 152,877.15, a decrease of 98.21% compared to the same period last year, mainly due to changes in accounting policies[17]. - Income tax expenses for the reporting period amounted to CNY 6,051,556.53, a decrease of 66.16% year-on-year, primarily due to a decline in profit[17]. - The company expects a net profit attributable to shareholders for the first half of 2018 to range from CNY 3,788.72 million to CNY 6,888.59 million, reflecting a decrease of 45.00% compared to the same period last year[26]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥51,957,376.76, a decline of 159.60% compared to ¥87,171,907.08 in the previous year[8]. - Net cash flow from operating activities for the reporting period was a negative CNY 51,957,376.76, a decrease of 159.60% compared to the previous year, mainly due to a significant cash inflow from sales in the prior year[19]. - Total assets at the end of the reporting period were ¥3,219,523,709.50, down 1.04% from ¥3,253,395,279.76 at the end of the previous year[8]. - The company's net assets attributable to shareholders increased by 1.46% to ¥1,820,257,145.91 from ¥1,794,118,251.15 at the end of the previous year[8]. - The balance of accounts receivable decreased by 34.88% to ¥96,004,313.55 compared to the beginning of the year, primarily due to increased use of notes for settling payables[15]. - The balance of prepayments increased by 33.66% to ¥275,617,654.49, attributed to increased procurement efforts during the reporting period[15]. Investments and Expansion - The company plans to expand the production capacity of its aluminum bottle products, increasing the annual production capacity from 22 million to 43.2 million units[20]. - The company has established a subsidiary in Chengdu with an estimated total investment of approximately CNY 59.06 million for a can production line project[21]. - An investment agreement has been signed to establish a subsidiary in Qujing, Yunnan, with an estimated total investment of approximately CNY 250.81 million for a filling and can production line project[22]. Liabilities and Financial Expenses - Long-term borrowings rose by 180% to ¥140,000,000.00, mainly due to increased loans for the Wenzhou Bode New Materials Company[16]. - Financial expenses for the reporting period amounted to ¥9,295,893.05, a 72.54% increase compared to the same period last year, primarily due to increased loan interest[16]. Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[27]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[28].