康欣新材(600076) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 13.23% to CNY 531,949,186.11 compared to the same period last year[5] - Net profit attributable to shareholders was CNY 138,562,661.39, a slight increase of 0.01% compared to the same period last year[5] - Basic earnings per share remained unchanged at CNY 0.13[5] - The weighted average return on equity decreased by 0.37 percentage points to 3.63%[5] - Operating revenue decreased by 13.23% year-on-year to ¥531,949,186.11, attributed to production interruptions in January[13] - Total operating revenue for Q1 2019 was ¥531,949,186.11, a decrease of 13.2% compared to ¥613,029,895.58 in Q1 2018[24] - The company's operating revenue for Q1 2019 was CNY 3,746,125.32, a decrease of 16.5% compared to CNY 4,489,300.23 in Q1 2018[26] - The net profit for Q1 2019 was CNY 138,100,652.99, slightly up from CNY 137,967,165.40 in Q1 2018, indicating a growth of 0.1%[25] - The total profit for Q1 2019 was CNY 148,002,847.91, down from CNY 157,925,514.25 in Q1 2018, indicating a decrease of 6.0%[25] Assets and Liabilities - Total assets increased by 3.10% to CNY 6,047,518,730.24 compared to the end of the previous year[5] - Total assets as of March 31, 2019, amounted to ¥6,047,518,730.24, up from ¥5,865,459,163.35 at the end of 2018[18] - Total liabilities increased to ¥258,584,623.40 in Q1 2019 from ¥257,875,459.47 in Q4 2018[22] - The company reported total liabilities of CNY 2,065,628,720.61, with current liabilities at CNY 1,616,455,277.87 and non-current liabilities at CNY 449,173,442.74[38] - Accounts receivable increased by 29.59% year-on-year to ¥449,511,298.22 due to concentrated shipments in late February and March[12] - Current liabilities increased, with accounts payable and notes payable totaling ¥354,012,575.20, up from ¥326,302,841.49[18] - Shareholders' equity totaled CNY 3,799,830,442.74, with CNY 2,092,870,586.79 in undistributed profits[39] Cash Flow - Net cash flow from operating activities decreased by 8.05% to CNY 90,384,419.11 compared to the same period last year[5] - Cash flow from operating activities decreased by 8.05% year-on-year to ¥90,384,419.11[14] - Cash flow from investing activities worsened by 37.86% year-on-year to -¥90,650,132.60, primarily due to increased payments for forest resource asset acquisitions[14] - Cash flow from operating activities in Q1 2019 was CNY 505,498,229.89, a decrease of 21.2% from CNY 641,801,141.25 in Q1 2018[29] - The total cash inflow from financing activities was ¥434,900,000.00, while the cash outflow was ¥519,832,139.56, resulting in a net cash flow of -¥84,932,139.56[31] - The cash inflow from operating activities was significantly lower at ¥3,301,632.11 in Q1 2019 compared to ¥31,001,036.65 in Q1 2018, indicating a decline of 89.4%[33] Shareholder Information - The total number of shareholders reached 57,308 at the end of the reporting period[10] - The top shareholder, Li Jie, holds 15.98% of the shares, totaling 165,322,233 shares[10] Research and Development - Research and development expenses rose by 74.88% year-on-year to ¥45,466,403.36, indicating increased investment in R&D and asset maintenance[13] - The company reported R&D expenses of ¥7,049,242.21 for Q1 2019, indicating ongoing investment in innovation[24] Financial Expenses - Financial expenses increased by 63.87% year-on-year to ¥18,668,014.07 due to higher financing scale in the second half of 2018[13] - Financial expenses for Q1 2019 were CNY 2,018,717.29, significantly higher than CNY 1,711.31 in Q1 2018, marking a substantial increase[26] Other Financial Metrics - The company reported non-recurring gains of CNY 2,365,040.05 during the reporting period[9] - The management expenses for Q1 2019 were CNY 2,776,440.35, an increase from CNY 1,871,103.59 in Q1 2018, showing a rise of 48.3%[26] - The company has a short-term loan of CNY 989,700,400.00, indicating reliance on external financing[38]