YTCO(SH:600066)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 310,624,445.46, an increase of 5.40% year-on-year[4] - Operating revenue for the period was CNY 4,838,639,604.17, reflecting a growth of 3.85% compared to the same period last year[4] - The company reported a net profit of 9.37 billion, up from 9.13 billion, reflecting a growth of approximately 2.6% year-over-year[18] - Basic earnings per share increased to CNY 0.14, up 5.40% from CNY 0.13 in the same period last year[4] - The company reported a total profit of ¥376,279,361.56, compared to ¥370,008,648.42 in Q1 2018, indicating a slight increase of 0.73%[20] - Total comprehensive income for Q1 2019 was ¥314,321,694.76, compared to ¥298,025,949.08 in Q1 2018, showing an increase of 5.47%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 35,365,040,371.94, a decrease of 3.90% compared to the end of the previous year[4] - Total liabilities decreased from 21.15 billion to 19.54 billion, a reduction of approximately 7.6% year-over-year[18] - Current assets decreased from 27.34 billion to 25.86 billion, a decline of about 5.4% year-over-year[17] - Cash and cash equivalents decreased from 2.16 billion to 1.92 billion, a drop of approximately 11% year-over-year[17] - Accounts receivable decreased from 18.03 billion to 16.66 billion, a reduction of about 7.6% year-over-year[17] - Total non-current assets increased to RMB 8,858,961,244.67, reflecting an adjustment of RMB 27,849,623.51[25] Cash Flow - Net cash flow from operating activities improved to -CNY 1,758,061,887.81, a 22.09% increase compared to -CNY 2,256,500,183.40 in the previous year[4] - Cash received from operating activities increased by 284.61% to ¥304,231,189.43 from ¥79,102,080.19 year-on-year[12] - Cash inflow from investment activities totaled CNY 3,292,285,829.76, up from CNY 1,785,442,479.25 in Q1 2018, marking an increase of 84.4%[23] - The company experienced a net decrease in cash and cash equivalents of -CNY 140,836,121.45 for the quarter, contrasting with an increase of CNY 1,003,283,122.78 in Q1 2018[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 78,815[7] - The largest shareholder, Zhengzhou Yutong Group Co., Ltd., held 37.19% of the shares[7] Research and Development - Total research and development expenses increased by 58.56% to ¥416,949,739.43 compared to ¥262,952,199.36 in the same period last year[11] - Research and development expenses increased significantly to ¥416,949,739.43, a rise of 58.49% from ¥262,952,199.36 in Q1 2018[20] Other Financial Metrics - The weighted average return on equity was 1.85%, a decrease of 0.03 percentage points from the previous year[4] - The company recorded a non-operating income of CNY 64,039,046.89 during the reporting period[6] - The net profit after deducting non-recurring gains and losses was CNY 246,585,398.57, a decrease of 9.40% year-on-year[4] - Investment income increased by 39.95% to ¥43,502,371.79 from ¥31,083,959.86 year-on-year[11] - The company raised CNY 1,249,875,000.00 from financing activities, down 53.1% from CNY 2,664,230,000.00 in Q1 2018[23] Changes in Financial Position - Other non-current assets increased by 195.24% to ¥127,301,111.94 from ¥43,118,375.09[15] - Other current assets decreased by 69.37% to ¥211,065,666.60 from ¥689,000,608.59[15] - The company reported a significant decrease in prepayments by 65.95% to ¥227,934,405.94 from ¥669,453,239.40[15] - Deferred tax liabilities rose by 2704.57% to ¥12,239,639.95 from ¥436,418.25[15] - The company’s short-term borrowings increased from 3.22 billion to 3.70 billion, an increase of about 14.2% year-over-year[17]