双环传动(002472) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥756,252,075.36, representing a 4.33% increase compared to ¥724,862,137.44 in the same period last year[3]. - Net profit attributable to shareholders decreased by 28.78% to ¥39,560,228.61 from ¥55,545,741.82 year-on-year[3]. - The net profit after deducting non-recurring gains and losses fell by 53.02% to ¥23,977,791.62 compared to ¥51,036,501.45 in the previous year[3]. - Basic earnings per share decreased by 25.00% to ¥0.06 from ¥0.08 year-on-year[3]. - Diluted earnings per share decreased by 14.29% to ¥0.06 from ¥0.07 in the same period last year[3]. - The weighted average return on equity was 1.10%, down from 1.64% in the previous year[3]. - Net profit for Q1 2019 was CNY 38,625,450.05, a decrease of 30.6% from CNY 55,602,720.50 in Q1 2018[27]. - The company reported a total comprehensive income of CNY 38,954,480.46 for Q1 2019, compared to CNY 38,366,446.69 in the previous year[32]. Cash Flow - The net cash flow from operating activities improved by 61.93%, reaching -¥28,873,541.64, compared to -¥75,847,978.87 in the same period last year[3]. - Net cash flow from operating activities was negative at CNY -28,873,541.64, an improvement from CNY -75,847,978.87 in the same quarter last year[35]. - Cash flow from financing activities resulted in a net inflow of CNY 342,943,965.89, contrasting with a net outflow of CNY -148,914,031.44 in the same period last year[35]. - The net cash flow from financing activities was ¥328,367,287.57, compared to a net outflow of ¥126,070,613.29 in the previous year[37]. Assets and Liabilities - Total assets increased by 4.78% to ¥8,302,335,954.88 from ¥7,923,745,727.15 at the end of the previous year[3]. - Total liabilities amounted to CNY 4,579,868,947.96, up from CNY 4,241,488,476.51, indicating a growth of around 7.99%[20]. - The company's total liabilities increased to CNY 3,327,482,557.11 in Q1 2019, compared to CNY 2,980,979,790.93 in the previous year, reflecting a growth of 11.6%[25]. - The total assets of the company reached CNY 6,806,372,607.28 in Q1 2019, compared to CNY 6,420,267,508.37 in the same period last year, indicating an increase of 6.0%[25]. Equity - The net assets attributable to shareholders rose by 1.15% to ¥3,630,536,764.11 from ¥3,589,231,342.36 at the end of the previous year[3]. - Total equity as of Q1 2019 was CNY 3,478,890,050.17, up from CNY 3,439,287,717.44 in the same period last year, representing a growth of 1.2%[25]. - The company's equity attributable to shareholders increased to CNY 3,630,536,764.11 from CNY 3,589,231,342.36, a growth of about 1.15%[21]. Expenses - Management expenses increased by 36.39% to ¥33,006,345.17 due to the expansion of operational scale and increased departmental costs[12]. - Research and development expenses for Q1 2019 were CNY 24,263,939.48, slightly up from CNY 23,914,511.79 in Q1 2018[26]. - The company's sales expenses rose to CNY 24,587,850.95 in Q1 2019, compared to CNY 20,405,326.98 in Q1 2018, reflecting a growth of 20.0%[26]. - The company's interest expenses rose to CNY 23,488,892.49, compared to CNY 14,844,063.63 in the previous year, indicating a significant increase of 58%[31]. Inventory and Receivables - Other receivables decreased by 44.18% to ¥33,270,403.25 due to the recovery of part of the long-term asset disposal payments[12]. - Accounts receivable rose to ¥796,791,110.01 from ¥685,079,880.83, indicating growth in sales[18]. - Inventory decreased to ¥1,102,385,587.54 from ¥1,146,022,482.17, suggesting improved inventory management[18]. - The company has a total inventory of CNY 634,233,946.65[41]. Government Subsidies and Tax Refunds - The company reported government subsidies amounting to ¥16,417,605.63 during the reporting period[4]. - The company received tax refunds amounting to CNY 33,408,091.59, an increase from CNY 19,108,206.98 year-over-year[34]. - The company received tax refunds totaling ¥29,609,628.29, an increase from ¥15,413,058.04 in the same period last year[36].