NEWAY(SH:603699)2019-04-26 16:00Financial Performance - Operating revenue for the period was CNY 616,173,476.01, representing a year-on-year increase of 3.57%[8] - Net profit attributable to shareholders was CNY 86,613,921.20, an increase of 105.35% compared to the same period last year[8] - Basic earnings per share were CNY 0.12, doubling from CNY 0.06 in the previous year[8] - Total operating revenue for Q1 2019 was RMB 616,173,476.01, an increase of 3.1% compared to RMB 594,911,977.00 in Q1 2018[26] - Net profit for Q1 2019 was RMB 87,487,253.15, up 114.4% from RMB 40,850,982.82 in Q1 2018[28] - Operating profit for Q1 2019 was CNY 257.83 million, compared to CNY 40.32 million in Q1 2018, indicating a growth of 538.5%[32] - Total comprehensive income for Q1 2019 was CNY 248.01 million, compared to CNY 35.24 million in Q1 2018, an increase of 603.5%[32] Cash Flow - The net cash flow from operating activities was CNY -53,137,391.02, compared to CNY 78,070,975.34 in the previous year, indicating a significant change[8] - Cash flow from operating activities in Q1 2019 was negative at CNY -53.14 million, down from CNY 78.07 million in Q1 2018[34] - Total cash inflow from operating activities was 610,224,716.06 RMB, up from 521,869,463.59 RMB year-over-year[38] - Cash outflow from operating activities increased to 639,895,280.57 RMB from 462,102,553.17 RMB in the previous year[38] - The net cash flow from investing activities was 162,883,318.77 RMB, significantly higher than 67,814,214.69 RMB in Q1 2018[38] - Cash inflow from financing activities totaled 312,585,700.00 RMB, down from 519,844,900.00 RMB in the same quarter last year[38] - The company experienced a net cash outflow from financing activities of -152,657,409.34 RMB compared to a positive cash flow of 320,552,207.40 RMB in Q1 2018[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,752,707,454.71, a decrease of 4.52% compared to the end of the previous year[8] - Total assets decreased from 4,977,696,652.90 to 4,752,707,454.71[20] - Total liabilities decreased from 2,204,504,125.23 to 1,934,305,397.40[20] - Total equity increased from 2,773,192,527.67 to 2,818,402,057.31[20] - The company's cash and cash equivalents decreased to RMB 243,577,181.03 from RMB 258,092,191.22, a decline of 5.7%[22] - Accounts receivable decreased to RMB 1,306,524,967.11 from RMB 1,350,282,318.70, a reduction of 3.2%[22] - Inventory shares increased significantly by 1,148.38% to 42,761,158.64, mainly due to the implementation of share buybacks[14] Expenses - Total operating costs decreased to RMB 519,558,240.58 in Q1 2019 from RMB 555,899,325.53 in Q1 2018, representing a reduction of 6.5%[26] - Research and development expenses decreased to RMB 20,561,159.21 from RMB 23,722,906.05, a decline of 13.5%[28] - Sales expenses decreased to CNY 37.99 million in Q1 2019 from CNY 44.62 million in Q1 2018, a decline of 15.0%[30] - Financial expenses decreased by 90.53% to 1,527,847.13, mainly due to reduced bank loan interest and exchange rate fluctuations[14] - Investment income decreased by 31.72% to 6,168,136.98, primarily due to a decrease in bank wealth management income[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,604[11] - The largest shareholder, Suzhou Zhenghe Investment Co., Ltd., held 398,650,000 shares, accounting for 53.15% of the total shares[11] Government Support - Government subsidies recognized in the current period amounted to CNY 1,734,873.95, primarily related to government support[8] - The company reported a loss of CNY 16,296.47 from the disposal of non-current assets, mainly from fixed asset disposals[8]