捷佳伟创(300724) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 reached ¥529,531,890.16, an increase of 39.01% compared to ¥380,937,921.80 in the same period last year[5] - Net profit attributable to shareholders was ¥93,137,827.18, up 24.19% from ¥74,999,037.54 year-on-year[5] - Net profit excluding non-recurring gains and losses was ¥78,190,594.10, reflecting an 11.71% increase from ¥69,996,307.14 in the previous year[5] - The company achieved operating revenue of CNY 529.53 million, a 39.01% increase compared to the same period last year[15] - Net profit attributable to the parent company reached CNY 93.14 million, up 24.19% year-on-year[15] - The company's net profit for Q1 2019 was not explicitly stated but can be inferred from the increase in retained earnings to ¥498,943,300.92 from ¥409,685,298.57, a growth of 21.8%[36] - The total comprehensive income for Q1 2019 was CNY 92.25 million, compared to CNY 75.00 million in Q1 2018[39] Cash Flow - The net cash flow from operating activities was -¥93,982,970.12, a significant decrease of 422.11% compared to ¥29,177,121.51 in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY 93.98 million, a 422.11% decrease, mainly due to increased cash payments for goods and services[14] - The company reported a decrease in cash and cash equivalents to RMB 457.60 million as of March 31, 2019, down from RMB 549.56 million at the end of 2018, a decline of approximately 16.7%[29] - Total cash inflow from operating activities amounted to ¥243,163,585.56, while cash outflow was ¥331,650,345.99, resulting in a net cash flow deficit[47] - The total cash inflow from operating activities increased to ¥340,212,962.63, up from ¥295,260,680.20 in the previous period[44] - The company reported a significant increase in cash received from other operating activities, totaling ¥41,077,614.40, compared to ¥16,889,202.01 previously[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,796,933,095.41, representing a 7.94% increase from ¥4,444,017,921.64 at the end of the previous year[5] - The company's total current assets increased to RMB 4.45 billion as of March 31, 2019, compared to RMB 4.11 billion at the end of 2018, reflecting a growth of approximately 8.3%[30] - Total liabilities reached RMB 2.48 billion, up from RMB 2.22 billion, marking an increase of approximately 11.8%[31] - The company's total liabilities increased to ¥2,165,204,689.86 from ¥1,962,486,141.49, marking a rise of 10.3%[36] - Current liabilities reached CNY 2,201,446,591.26, while total liabilities were CNY 2,216,582,185.52[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,797[8] - The top ten shareholders held a combined 58.55% of the company's shares, with the largest shareholder owning 9.77%[8] - Net assets attributable to shareholders increased by 4.18% to ¥2,320,573,563.30 from ¥2,227,435,736.12 at the end of the previous year[5] Inventory and Receivables - Accounts receivable increased by 32.44% to CNY 642.40 million due to higher sales revenue[13] - The company's net inventory value at the end of the reporting period was 2,350.25 million CNY, accounting for 48.99% of total assets, with finished goods making up over 50% of the inventory[17] - Inventory increased to RMB 2.35 billion as of March 31, 2019, compared to RMB 2.09 billion at the end of 2018, representing a growth of about 12.7%[29] Research and Development - The company plans to enhance R&D investment and accelerate the upgrade of its main products to maintain competitiveness in the solar energy sector[16] - Research and development expenses for Q1 2019 were ¥20,453,568.78, down 21.1% from ¥25,989,720.73 in the previous year[37] - Research and development expenses decreased to CNY 10.39 million from CNY 20.05 million year-over-year, indicating a reduction of 48%[40] Government Support and Subsidies - The company received government subsidies amounting to ¥6,424,882.56 during the reporting period[6] Risk Factors - The company is facing risks from changes in industry policies and market fluctuations, which could impact future orders and performance[16] Investment and Capital Management - The company has invested a total of 22,257.01 million CNY from the raised funds, which is 21.2% of the total planned investment of 104,760.36 million CNY[22] - The company plans to temporarily use up to RMB 450 million of idle raised funds to supplement working capital, with a usage period not exceeding 12 months[24] - The company has utilized RMB 112.55 million of raised funds to replace self-raised funds invested in projects prior to the actual arrival of raised funds[25] Other Financial Metrics - Basic earnings per share decreased by 6.45% to ¥0.29 from ¥0.31 year-on-year[5] - The gross profit margin for Q1 2019 was approximately 17.0%, down from the previous year's margin due to increased costs[37] - The company recorded an operating profit of CNY 107.68 million, an increase from CNY 85.69 million in the same quarter last year[39]