GINWA(SH:600080)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders was CNY 11,066,913.57, an increase of 74.41% year-on-year[6]. - Operating revenue for the period was CNY 149,881,020.33, down 4.63% from the same period last year[6]. - The net cash flow from operating activities was CNY 4,626,722.76, a significant improvement from a negative CNY 10,137,822.51 in the previous year[6]. - Basic earnings per share rose by 42.31% to CNY 0.0296[6]. - Total operating revenue for Q1 2019 was ¥149,881,020.33, a decrease of 4.1% from ¥157,156,466.36 in Q1 2018[25]. - Net profit for Q1 2019 reached ¥11,249,485.18, an increase of 92.5% compared to ¥5,848,476.27 in Q1 2018[25]. - Operating profit for Q1 2019 was ¥12,373,436.25, up 76.5% from ¥7,020,640.47 in Q1 2018[25]. - Earnings per share for Q1 2019 was ¥0.0296, compared to ¥0.0208 in Q1 2018, reflecting a 42.3% increase[26]. - Net profit for Q1 2019 reached CNY 8.30 million, up 33.69% from CNY 6.20 million in Q1 2018[28]. - Operating profit for Q1 2019 was CNY 9.04 million, an increase of 22.73% compared to CNY 7.36 million in Q1 2018[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,969,060,141.16, a decrease of 0.29% compared to the end of the previous year[6]. - Current assets totaled CNY 893,760,502.56, down from CNY 899,195,829.09 at the end of 2018, reflecting a decrease of approximately 0.5%[16]. - Total liabilities decreased to CNY 186,163,707.54 from CNY 203,364,479.66, a reduction of about 8.5%[18]. - Total liabilities as of Q1 2019 were ¥137,874,801.65, a decrease of 10.3% from ¥153,752,765.93 in Q1 2018[25]. - The company reported a total liability of 203,364,479.66 RMB, with current liabilities amounting to 198,193,320.13 RMB, indicating a stable short-term financial position[35]. - Total assets amounted to $1,925,430,703.54 as of the end of Q1 2019[38]. - Current assets totaled $833,559,554.87, with cash and cash equivalents at $351,951,120.44[37]. - Non-current assets reached $1,091,871,148.67, including long-term equity investments of $716,666,476.79[38]. Shareholder Information - The number of shareholders at the end of the reporting period was 41,645[9]. - Shareholders' equity increased to CNY 1,782,896,433.62 from CNY 1,771,470,371.94, reflecting a growth of approximately 0.7%[18]. - Total equity for Q1 2019 was ¥1,780,152,485.52, an increase from ¥1,771,677,937.61 in Q1 2018[25]. - The company’s total equity amounted to 1,771,470,371.94 RMB, reflecting a stable capital structure[35]. Cash Flow - Cash flow from operating activities generated a net amount of CNY 4.63 million, a significant improvement from a net outflow of CNY 10.14 million in Q1 2018[30]. - Total cash inflow from investment activities was CNY 410.20 million, compared to CNY 3.00 million in Q1 2018[30]. - Cash flow from financing activities resulted in a net outflow of CNY 0.76 million, down from a net inflow of CNY 627.84 million in Q1 2018[30]. - The ending balance of cash and cash equivalents was CNY 452.39 million, a decrease from CNY 660.15 million at the end of Q1 2018[30]. - The net increase in cash and cash equivalents for Q1 2019 was 26,698,580.87 RMB, a sharp decline from 622,401,110.14 RMB in Q1 2018, indicating reduced liquidity[32]. Investment and Income - The company reported a 33.42% increase in trading financial assets, reaching CNY 2,371,600.00[12]. - Investment income surged by 114.05% to CNY 4,993,613.18, attributed to increased earnings from joint ventures[12]. - The company reported investment income of ¥4,993,613.18 in Q1 2019, significantly higher than ¥2,332,940.14 in Q1 2018[25]. - The company reported an increase in investment income to CNY 4.99 million, up from CNY 2.33 million in Q1 2018[28]. Expenses - Research and development expenses for Q1 2019 were ¥272,485.29, up 42.7% from ¥190,892.83 in Q1 2018[25]. - Sales expenses rose to CNY 76.10 million, compared to CNY 73.79 million in the same period last year, reflecting a 4.22% increase[28]. - Tax expenses for Q1 2019 were ¥1,527,568.45, slightly down from ¥1,620,868.26 in Q1 2018[25]. Financial Position - The total liabilities to equity ratio improved, indicating a stronger financial position compared to the previous period[18]. - The company implemented new financial instrument standards, which resulted in reclassification of certain financial assets, impacting the financial statements[36]. - The company reclassified financial assets under new accounting standards effective January 1, 2019, impacting the classification of certain financial instruments[39].