环旭电子(601231) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue grew by 23.27% to RMB 7,674,623,134.35 compared to the same period last year[4] - Net profit attributable to shareholders of the listed company increased by 19.19% to RMB 223,059,480.89[4] - Basic earnings per share (EPS) increased by 11.11% to RMB 0.10[4] - Weighted average return on equity (ROE) rose by 0.20 percentage points to 2.35%[4] - Total operating revenue for Q1 2019 was 7.67 billion RMB, compared to 6.23 billion RMB in Q1 2018, representing a 23.2% year-over-year increase[22] - Operating profit for Q1 2019 was 259.81 million RMB, up 16.1% from 223.81 million RMB in Q1 2018[22] - Net profit attributable to parent company shareholders in Q1 2019 was 223.06 million RMB, a 19.2% increase from 187.14 million RMB in Q1 2018[23] - Revenue for Q1 2019 decreased to 1,694,627,537.16 RMB from 1,945,986,913.63 RMB in Q1 2018, a decline of approximately 12.9%[24] - Net profit for Q1 2019 was -29,070,511.31 RMB, compared to a net profit of 43,472,271.37 RMB in Q1 2018, indicating a significant loss[24] - Total comprehensive income for Q1 2019 was 187.39 million RMB, a 12.7% increase from 166.32 million RMB in Q1 2018[23] - Total comprehensive income for Q1 2019 was -29,070,511.31 RMB, compared to 43,472,271.37 RMB in Q1 2018[25] - Sales revenue from goods and services in Q1 2019 was 10,498,001,409.70 RMB, up from 8,378,184,138.05 RMB in Q1 2018, a 25.3% increase[26] - Sales revenue from goods and services in Q1 2019 was RMB 2.15 billion, down from RMB 2.78 billion in Q1 2018[29] Cash Flow - Net cash flow from operating activities surged by 71.64% to RMB 884,269,018.55[4] - Net cash flow from operating activities increased by 369,068,826.41 yuan, up 71.64%, due to higher collections and tax refunds[12] - Operating cash flow for Q1 2019 increased to 884,269,018.55 RMB from 515,200,192.14 RMB in Q1 2018, reflecting a 71.6% growth[26] - Operating cash flow for Q1 2019 was RMB 236.28 million, a decrease from RMB 397.38 million in Q1 2018[29] - Net cash flow from investing activities decreased by 278,530,747.74 yuan, a 171.51% drop, due to cash outflows for fixed asset investments[12] - Investment cash flow for Q1 2019 was -116,130,069.49 RMB, compared to 162,400,678.25 RMB in Q1 2018, showing a negative shift[27] - Investment cash inflow in Q1 2019 was RMB 595.47 million, compared to RMB 1.52 billion in Q1 2018[29] - Net cash flow from financing activities decreased by 260,483,994.78 yuan, a 899.24% drop, due to higher short-term loan repayments[12] - Financing cash flow for Q1 2019 was -231,516,822.25 RMB, compared to 28,967,172.53 RMB in Q1 2018, indicating a significant outflow[28] - Net cash flow from financing activities in Q1 2019 was negative RMB 41.59 million, compared to negative RMB 185.49 million in Q1 2018[30] - Exchange rate impact on cash and cash equivalents in Q1 2019 was negative RMB 5.20 million[30] Assets and Liabilities - Total assets decreased by 9.50% to RMB 18,237,917,663.22 compared to the end of the previous year[4] - Total assets decreased from 20.15 billion to 18.24 billion, a decline of 9.5%[17] - Fixed assets decreased from 1.54 billion to 1.49 billion, a decline of 3.6%[17] - Current liabilities decreased from 10.60 billion to 7.92 billion, a decline of 25.3%[17] - Total liabilities decreased from 10.74 billion to 8.64 billion, a decline of 19.6%[18] - Owner's equity increased from 9.41 billion to 9.60 billion, an increase of 2.0%[18] - Monetary funds increased from 817.56 million to 1.08 billion, an increase of 32.2%[19] - Accounts receivable decreased from 1.41 billion to 994.02 million, a decline of 29.3%[19] - Inventory decreased from 1.05 billion to 799.48 million, a decline of 23.9%[19] - Long-term equity investments increased from 3.25 billion to 3.25 billion, a slight increase of 0.1%[19] - Total non-current assets increased from 3.86 billion to 3.91 billion, an increase of 1.4%[19] - Total liabilities as of Q1 2019 were 1.67 billion RMB, a decrease of 19.6% from 2.07 billion RMB in the same period last year[20] - The company's total equity as of Q1 2019 was 5.78 billion RMB, a slight decrease of 0.4% from 5.81 billion RMB in Q1 2018[20] - Cash and cash equivalents at the end of Q1 2019 were 5,103,711,393.72 RMB, down from 5,687,174,400.70 RMB at the end of Q1 2018[28] - Cash and cash equivalents at the end of Q1 2019 were RMB 1.08 billion, up from RMB 817.56 million at the beginning of the quarter[30] - Total assets as of January 1, 2019, were RMB 20.82 billion, an increase of RMB 671.28 million due to adjustments[32] - Fixed assets as of January 1, 2019, were RMB 1.54 billion, with no significant changes[32] - Inventory as of January 1, 2019, was RMB 4.76 billion, remaining stable[32] - Total liabilities as of January 1, 2019, were RMB 8.09 billion, primarily from accounts payable[32] - Total liabilities increased by 671.28 million yuan, reaching 11.41 billion yuan[33] - Current liabilities rose by 82.05 million yuan, totaling 10.68 billion yuan[33] - Non-current liabilities saw a significant increase of 589.23 million yuan, reaching 734 million yuan[33] - Total assets increased by 80.99 million yuan, reaching 7.96 billion yuan[36] - Current assets decreased slightly by 21,000 yuan, totaling 4.02 billion yuan[35] - Non-current assets increased by 81.02 million yuan, reaching 3.94 billion yuan[36] - Total equity remained stable at 9.41 billion yuan[34] - Short-term borrowings stood at 455.78 million yuan[36] - Accounts payable and notes payable amounted to 1.44 billion yuan[36] - Contract liabilities were reported at 36.27 million yuan[36] - Total owner's equity (or shareholders' equity) is 5,809,155,543.33[37] - Total liabilities and owner's equity (or shareholders' equity) is 7,882,368,210.22[37] - Capital reserve is 1,711,852,992.55[37] - Undistributed profit is 1,557,741,811.84[37] - Surplus reserve is 363,637,158.94[37] - Paid-in capital (or share capital) is 2,175,923,580.00[37] Expenses and Costs - Management expenses increased by 64,484,260.46 yuan, up 64.24%, due to staff growth, incentive bonuses, and new lease standards[10] - R&D expenses grew by 78,549,934.98 yuan, a 31.91% increase, driven by more R&D personnel and material costs for new products[10] - R&D expenses in Q1 2019 were 324.70 million RMB, a 31.9% increase from 246.15 million RMB in Q1 2018[22] - R&D expenses in Q1 2019 were 44,163,721.61 RMB, slightly down from 47,087,469.20 RMB in Q1 2018[24] - Financial expenses decreased by 52.4% to 20.38 million RMB in Q1 2019 from 42.81 million RMB in Q1 2018[22] Shareholder and Ownership Information - The number of shareholders at the end of the reporting period was 18,801[7] - Huan Cheng Technology Co., Ltd. holds 77.38% of the company's shares, making it the largest shareholder[7] - The actual controllers of the company are Mr. Zhang Qiansheng and Mr. Zhang Hongben, who are brothers[8] - The company plans to repurchase shares worth 100-200 million yuan for employee stock ownership plans[13] Accounts Receivable and Contract Liabilities - Accounts receivable decreased by 2,729,567,224.91 yuan, a 35.68% drop, due to higher collections[9] - Contract liabilities rose by 26,096,036.92 yuan, a 37.09% increase, due to higher prepayments from customers[9] - Contract liabilities increased by 61.3% to 58.51 million RMB in Q1 2019 from 36.27 million RMB in Q1 2018[20] Construction and Investments - Construction in progress increased by 17,855,739.93 yuan, up 36.14%, due to production line expansion and increased equipment in transit[9] Miscellaneous - Non-recurring gains and losses amounted to RMB 95,686,784.72, including government subsidies of RMB 9,865,897.69[5][6] - Interest income in Q1 2019 was 5,627,647.56 RMB, up from 4,667,029.96 RMB in Q1 2018[24]