GYLS(SH:600059)2019-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 12.21% to CNY 70,395,578.15 year-on-year[11] - Operating revenue decreased by 4.07% to CNY 630,083,551.30 compared to the same period last year[11] - Operating profit for Q1 2019 was RMB 93,738,302.04, compared to RMB 107,428,462.90 in Q1 2018, indicating a decline of 12.8%[40] - Net profit for Q1 2019 was RMB 93,477,507.36, down from RMB 107,017,917.79 in Q1 2018, representing a decrease of 12.5%[40] - Net profit for Q1 2019 was CNY 57,108,981, a decrease of 12.5% compared to CNY 65,044,633 in Q1 2018[45] - Comprehensive income for Q1 2019 totaled CNY 57,108,981, compared to CNY 65,044,633 in Q1 2018[48] Assets and Liabilities - Total assets decreased by 3.18% to CNY 4,649,417,644.75 compared to the end of the previous year[11] - Total liabilities decreased to CNY 479.87 million, down 31.69% from CNY 702.50 million year-over-year[29] - The total assets of the company were CNY 4.65 billion, down 3.17% from CNY 4.80 billion at the end of 2018[29] - Total assets decreased to RMB 4,270,165,634.15 from RMB 4,365,871,762.74, reflecting a reduction of 2.2%[35] - Total liabilities decreased to RMB 371,572,888.96 from RMB 524,387,998.55, a significant drop of 29.0%[35] - Current liabilities totaled ¥699,190,972.33, with accounts payable and notes payable at ¥415,626,313.21 and ¥134,575,643.36 respectively[63] Cash Flow - Net cash flow from operating activities decreased by 65.59% to -CNY 16,172,275.27 compared to the previous year[11] - Cash flow from operating activities in Q1 2019 was CNY 565,938,969.71, down from CNY 599,623,620.13 in Q1 2018[48] - Total cash outflow from operating activities in Q1 2019 was 396,613,522.99, compared to 420,293,122.88 in Q1 2018[56] - Cash received from sales and services in Q1 2019 was 382,851,146.59, down from 391,417,755.30 in Q1 2018[56] Shareholder Information - The number of shareholders at the end of the reporting period was 334,624,117, accounting for 41.39% of total shares[14] - Shareholders' equity increased to RMB 3,898,592,745.19 from RMB 3,841,483,764.19, an increase of 1.5%[35] - Shareholders' equity totaled ¥4,099,563,258.81, with retained earnings at ¥1,131,638,980.72[63] Research and Development - Research and development expenses increased by 10.45% to CNY 2,269,264.97 compared to the same period last year[18] - Research and development expenses for Q1 2019 were RMB 2,269,264.97, up from RMB 2,054,572.15 in Q1 2018, indicating an increase of 10.4%[40] - Research and development expenses increased to CNY 1,434,158.49 in Q1 2019, up 156.5% from CNY 558,746.86 in Q1 2018[45] Inventory and Receivables - Accounts receivable increased to CNY 196.36 million, up 25.92% from CNY 155.89 million in the previous year[24] - Inventory stood at CNY 1.79 billion, a decrease of 7.77% from CNY 1.94 billion at the end of 2018[24] - Accounts receivable increased to RMB 157,117,391.49 from RMB 138,301,037.58, showing a growth of 13.0%[34] - Inventory decreased to RMB 1,226,748,023.58 from RMB 1,311,035,289.99, a decline of 6.4%[34] Government Support - The company received government subsidies amounting to CNY 653,627.20 during the reporting period[11] Investment Activities - The company reported a significant increase in prepayments by 1469.90% to CNY 42,134,404.14 due to project advances[18] - The company’s investment activities generated a net cash outflow of CNY 89,808,467.50, an increase of 170.16% compared to the previous year[18] - Cash inflow from investment activities in Q1 2019 totaled 50,698,342.47, down from 189,259,507.00 in Q1 2018[56] - Cash outflow from investment activities in Q1 2019 was 148,221,903.84, compared to 211,489,321.66 in Q1 2018[56] - Net cash flow from investment activities for Q1 2019 was -97,523,561.37, a decline from -22,229,814.66 in Q1 2018[56]