Financial Performance - Total revenue for Q1 2019 reached RMB 20,514.32 million, an increase of 11.37% compared to RMB 18,419.99 million in the same period last year[4] - Net profit attributable to shareholders was RMB 762.30 million, reflecting a growth of 15.95% from RMB 657.42 million year-on-year[4] - Basic earnings per share rose to RMB 0.0518, up 16.14% from RMB 0.0446 in the same period last year[4] - The company reported a gross profit margin of approximately 3.0% for the period, compared to 4.8% in the previous year[20] - The company’s operating profit for the period was RMB 1,437,134 thousand, an increase of 16.8% from RMB 1,230,678 thousand year-over-year[21] - The total comprehensive income for Q1 2019 was RMB 770,099 thousand, compared to a loss of RMB 122,015 thousand in the previous year[24] - The company reported a profit before tax of RMB 1,461,940 thousand, which is a 12.5% increase from RMB 1,299,049 thousand year-over-year[50] Order and Backlog - New orders amounted to RMB 31.06 billion, representing a year-on-year increase of 19.1%, with renewable energy and environmental protection equipment accounting for 10.2%[5] - The company’s backlog of orders stood at RMB 239.65 billion, an increase of 4.1% from the previous year[5] Cash Flow and Liquidity - The company’s cash flow from operating activities showed a net outflow of RMB 11,077.30 million, slightly improved from RMB 11,376.43 million in the previous year[4] - The net cash flow from financing activities increased significantly to RMB 4,517.30 million, a rise of 2732% from RMB 159.49 million year-on-year[11] - Cash and cash equivalents decreased to CNY 23,885,268 from CNY 19,484,751, a decline of approximately 22.3%[14] - The company’s cash and cash equivalents at the end of the period totaled RMB 18,119,174 thousand, down from RMB 21,406,113 thousand at the beginning of the period[28] - The company reported a significant decrease in financial costs, with interest expenses rising to RMB 247,475 thousand from RMB 131,321 thousand year-over-year[23] Assets and Liabilities - The total assets at the end of the reporting period were RMB 245,089.79 million, up 12.16% from RMB 218,521.87 million at the end of the previous year[4] - Total liabilities increased to CNY 167,263,261 from CNY 144,885,245, which is an increase of approximately 15.4%[16] - Total current assets increased to CNY 171,965,133, up from CNY 151,727,947, representing a growth of approximately 13.3%[14] - Total non-current assets reached CNY 73,124,654, up from CNY 66,793,918, indicating an increase of around 9.9%[15] - Short-term borrowings rose to CNY 15,168,887, compared to CNY 8,585,556, representing an increase of about 76.5%[15] - Long-term borrowings increased to CNY 12,017,801 from CNY 9,588,836, reflecting a growth of approximately 25.0%[16] Research and Development - Research and development expenses amounted to RMB 564,328 thousand, representing an increase of 12.5% compared to RMB 501,624 thousand in the previous year[20] - Research and development expenses increased to RMB 50,243 thousand, up from RMB 36,216 thousand year-over-year, reflecting a focus on innovation[23] Other Income and Expenses - Other income surged to RMB 553,085 thousand, reflecting a 755% increase year-over-year[39] - The company reported a total of RMB 401,586 thousand in non-operating income and expenses, after accounting for various adjustments[36]
上海电气(02727) - 2019 Q1 - 季度财报