GS(SH:601500)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 1.21% to CNY 32,749,289.32 compared to the same period last year[10] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 13.36% to CNY 31,909,899.67 compared to the same period last year[10] - Basic earnings per share increased by 25% to CNY 0.05 compared to the same period last year[10] - Diluted earnings per share increased by 25% to CNY 0.05 compared to the same period last year[10] - The company reported a net profit of CNY 1,078,927,405.70, up from CNY 1,046,178,116.38, showing a growth of about 3.1% year-over-year[33] - Net profit for Q1 2019 was ¥32,749,289.32, slightly up from ¥32,358,685.50 in Q1 2018, representing an increase of 1.2%[43] - The net profit for Q1 2019 was ¥34,693,682.34, representing an increase of 7.9% from ¥32,383,984.99 in Q1 2018[47] Revenue and Costs - Operating revenue decreased by 4.12% to CNY 934,267,018.55 compared to the same period last year[10] - Total revenue for Q1 2019 was ¥934,267,018.55, a decrease of 4.5% compared to ¥974,382,413.07 in Q1 2018[39] - Total operating costs for Q1 2019 were ¥897,973,356.34, down 4.6% from ¥941,659,884.69 in Q1 2018[39] - The total operating costs for Q1 2019 were ¥787,249,608.58, down from ¥822,804,259.17 in Q1 2018, a decrease of 4.3%[51] Assets and Liabilities - Total assets increased by 27.77% to CNY 5,655,766,707.54 compared to the end of the previous year[10] - Total assets increased to CNY 5,655,766,707.54, up from CNY 4,426,480,670.46, representing a growth of approximately 27.8% year-over-year[33] - Current assets rose to CNY 3,120,882,686.34, compared to CNY 2,170,496,578.40, marking an increase of about 43.8%[33] - Total liabilities increased to CNY 2,031,792,370.39 from CNY 1,758,875,719.24, an increase of approximately 15.5%[31] - Short-term borrowings increased by 107.58% to ¥685,022,652.32, primarily due to new bank loans[18] - Non-current liabilities totaled ¥1,961,144,755.10 in Q1 2019, compared to ¥1,750,914,043.11 in Q1 2018, reflecting an increase of 12%[39] Cash Flow - Net cash flow from operating activities improved by 189.68% to CNY 121,099,198.43 compared to the same period last year[10] - Net cash flow from financing activities surged by 1196.60% to ¥1,272,173,984.53, mainly from funds raised through a private placement[21] - The company's cash flow from operating activities for Q1 2019 was ¥121,099,198.43, a significant improvement from a negative cash flow of -¥135,041,426.84 in Q1 2018[51] - The net cash flow from operating activities for Q1 2019 was ¥97,572,216.55, compared to a negative cash flow of -¥137,081,248.70 in Q1 2018, indicating a significant improvement[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,748[14] - Owner's equity rose to CNY 3,623,974,337.15, compared to CNY 2,667,604,951.22, indicating a growth of about 36%[33] - The total owner's equity increased to ¥3,623,560,743.86 in Q1 2019 from ¥2,662,937,353.61 in Q1 2018, an increase of 36.1%[39] Expenses - Management expenses rose by 90.00% to ¥37,930,829.66, primarily due to increased salaries and service fees[18] - Financial expenses increased by 192.08% to ¥7,998,309.28, mainly due to higher interest payments on bank loans[18] - The financial expenses for Q1 2019 increased to ¥7,406,710.73, compared to ¥2,862,408.68 in Q1 2018, indicating a rise of 158.8%[51] - The company reported a decrease in research and development expenses to ¥29,668,485.56 in Q1 2019 from ¥38,701,877.44 in Q1 2018, a reduction of 23.4%[43] Inventory and Receivables - Inventory decreased to CNY 874,553,931.76 from CNY 949,288,484.73, a decline of approximately 7.9%[33] - Accounts receivable notes rose by 384.23% to ¥39,527,838.06, attributed to increased customer note settlements[18] - Accounts receivable increased to CNY 498,295,870.95 from CNY 448,631,968.74, reflecting an increase of about 11.1%[33] Other Income - Other income decreased by 35.52% to ¥2,110,100.00, mainly due to a reduction in government subsidies received[21] - Other income for Q1 2019 was reported at ¥2,110,100.00, down from ¥3,272,300.00 in Q1 2018, a decline of 35.5%[47]