SANY(SH:600031)2019-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 114.71% to CNY 3,221,072,000 year-on-year[4] - Operating revenue rose by 75.14% to CNY 21,294,618,000 compared to the same period last year[4] - Basic earnings per share increased by 110.99% to CNY 0.4127 compared to the same period last year[4] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 150.05% to CNY 3,105,425,000[4] - Operating profit for Q1 2019 was CNY 4,001,993 thousand, up 117.5% from CNY 1,839,929 thousand in the same period last year[22] - The company reported a total comprehensive income of CNY 3,333,548 thousand for Q1 2019, compared to CNY 1,549,804 thousand in Q1 2018, marking a growth of 114.5%[23] - The net profit for Q1 2019 was CNY 280,932 thousand, a significant increase from CNY 138,803 thousand in Q1 2018, representing a growth of 102%[25] - Total comprehensive income for Q1 2019 reached CNY 372,449 thousand, compared to CNY 140,400 thousand in Q1 2018, marking an increase of 165%[25] Assets and Liabilities - Total assets increased by 13.41% to CNY 83,665,074,000 compared to the end of the previous year[4] - The company's total current assets amounted to CNY 62,076,535, up from CNY 51,895,942 in the previous year[15] - Current liabilities totaled CNY 41,109,995, an increase of 21.1% from CNY 33,935,358 in the previous period[17] - Total liabilities amounted to CNY 43,965,251, up from CNY 41,272,610, reflecting a growth of 6.5%[17] - Non-current liabilities decreased significantly to CNY 2,855,256 from CNY 7,337,252, a reduction of approximately 61.0%[17] - The company's total equity as of March 31, 2019, was CNY 27,436,362 thousand, compared to CNY 22,953,045 thousand at the end of 2018, indicating strong financial health[20] Cash Flow - Net cash flow from operating activities increased by 47.49% to CNY 3,823,418,000 year-on-year[4] - Cash inflow from operating activities totaled CNY 18,796,959 thousand in Q1 2019, up from CNY 12,700,566 thousand in Q1 2018, reflecting a growth of 48%[26] - The net cash flow from operating activities for Q1 2019 was CNY 3,823,418 thousand, up from CNY 2,592,280 thousand in Q1 2018, indicating a growth of 47%[27] - Cash inflow from financing activities totaled CNY 5,730,410 thousand in Q1 2019, compared to CNY 4,650,000 thousand in Q1 2018, reflecting an increase of 23%[27] - The net cash flow from financing activities for Q1 2019 was CNY 2,068,720 thousand, up from CNY 1,273,694 thousand in Q1 2018, indicating a growth of 62%[27] Shareholder Information - The number of shareholders at the end of the reporting period was 312,674[6] - The largest shareholder, SANY Group Co., Ltd., holds 30.18% of the shares[6] Research and Development - Research and development expenses surged by 207.98% to CNY 533,382, reflecting the company's increased investment in R&D[11] - Research and development expenses for Q1 2019 were CNY 533,382 thousand, significantly higher than CNY 173,189 thousand in Q1 2018, indicating a focus on innovation[21] Financial Adjustments and Standards - The company adopted new financial accounting standards affecting the classification and measurement of financial assets[34] - The company adjusted the beginning retained earnings by 86,678 due to the new accounting standards[34] - The company reclassified financial assets, increasing trading financial assets by 1,556,719[35] - The company adopted the expected credit loss model for financial asset impairment, affecting various asset categories[39]