双良节能(600481) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 351,519,068.59, a decrease of 1.95% year-on-year[16] - Net profit attributable to shareholders was CNY 10,524,035.29, a significant improvement of 146.62% compared to a loss of CNY 22,575,186.73 in the same period last year[16] - Basic earnings per share increased to CNY 0.0064, up 146.14% from -CNY 0.0139 in the same period last year[16] - The company recorded a net loss of CNY 12,497,346.46 after deducting non-recurring gains and losses, which is a 30.24% improvement from the previous year's loss[16] - The company reported a total profit of CNY 14,264,944.33 in Q1 2019, compared to a total loss of CNY 23,348,096.97 in the same period last year[45] - The net profit for Q1 2019 was CNY 10,996,142.45, a significant recovery from a net loss of CNY 22,879,419.61 in Q1 2018[45] - The total comprehensive income for Q1 2019 was CNY 13,018,938.90, a recovery from a loss of CNY 22,464,344.58 in Q1 2018[49] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,937,221,647.77, an increase of 1.25% compared to the end of the previous year[16] - Total liabilities increased to ¥1,643,619,081.34 from ¥1,613,188,570.50[34] - Current assets totaled RMB 2,426,256,335.89, an increase from RMB 2,289,279,685.02 in the previous year, showing a growth of about 6%[40] - The total liabilities as of March 31, 2019, were RMB 1,324,284,409.60, compared to RMB 1,236,593,076.18 at the end of 2018, representing an increase of approximately 7.1%[43] - The company's total equity was approximately $2.28 billion, with paid-in capital at $1.64 billion and retained earnings at $256.00 million[71] Cash Flow - The net cash flow from operating activities was -CNY 126,692,787.26, representing a decline of 63.91% compared to the previous year[16] - Cash flow from financing activities improved by 102.96% to ¥6,400,123.76 due to reduced bank loan repayments[26] - The cash flow from operating activities was CNY 252,230,953.04 in Q1 2019, down from CNY 336,736,462.74 in Q1 2018, indicating a decrease in cash inflow from operations[55] - Investment activities generated a net cash flow of CNY 2,500,399.16, a significant improvement from -CNY 16,914,526.87 in the previous year[62] - Financing activities resulted in a net cash flow of CNY 85,839,500.00, contrasting with -CNY 155,635,836.43 from the previous year[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,002[19] - The top shareholder, Shuangliang Group Co., Ltd., held 329,370,517 shares, accounting for 20.12% of the total shares[19] Inventory and Current Assets - Inventory increased by 33.30% to ¥557,050,156.36 due to increased orders and procurement growth[23] - Other current assets rose by 206.20% to ¥8,963,504.18 primarily due to an increase in deductible input tax[23] - Cash and cash equivalents decreased to RMB 853,703,383.37 from RMB 958,479,941.38, a decline of approximately 11%[40] - Inventory increased significantly to RMB 416,631,617.38 from RMB 317,420,031.53, reflecting a growth of about 31%[40] Expenses - Research and development expenses increased to CNY 14,010,902.76 in Q1 2019, up from CNY 11,460,119.42 in Q1 2018, reflecting a focus on innovation[45] - Financial expenses increased by 73.48% to ¥10,034,674.08 due to increased exchange losses[23] - The financial expenses for Q1 2019 were CNY 10,034,674.08, an increase from CNY 5,784,256.18 in Q1 2018, indicating higher borrowing costs[45] Government Support - The company received government subsidies amounting to CNY 1,752,752.62 during the reporting period[18]