TBEA(SH:600089)2019-04-24 16:00Financial Performance - Net profit attributable to shareholders was CNY 448.71 million, a decrease of 10.49% year-on-year[4] - Operating revenue for the period was CNY 8.01 billion, showing a slight increase of 0.09% compared to the same period last year[4] - Basic earnings per share decreased by 10.45% to CNY 0.1208[4] - The weighted average return on equity was 1.535%, down by 0.17 percentage points from the previous year[4] - The total comprehensive income attributable to the parent company increased by 48.83% to CNY 462,351,192.33, driven by gains from hedging activities[15] - Investment income decreased by 37.81% to CNY 26,140,271.58, mainly due to reduced profits from forward foreign exchange contracts[15] - The company reported a significant decrease in minority interests' profit by 57.94% to CNY 74,362,834.40, reflecting lower net profits from its subsidiary[15] - Net profit for Q1 2019 was CNY 526,759,143.84, down 23.36% from CNY 686,863,677.03 in Q1 2018[36] - The company's comprehensive income for Q1 2019 was CNY 536,714,026.73, compared to CNY 478,725,363.07 in Q1 2018, indicating an increase of 12.09%[37] - Basic and diluted earnings per share for Q1 2019 were CNY 0.1208, a decrease from CNY 0.1349 in Q1 2018[37] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 96.37 billion, an increase of 4.08% compared to the end of the previous year[4] - The total current assets amounted to approximately CNY 52.65 billion, an increase from CNY 49.87 billion as of December 31, 2018, representing a growth of about 5.6%[23] - The total non-current assets were reported at CNY 43.72 billion, an increase from CNY 42.73 billion, reflecting a growth of approximately 2.3%[26] - The total liabilities increased to CNY 15,180,844,797.65 as of March 31, 2019, compared to CNY 13,466,482,700.64 at the end of 2018, reflecting a rise of about 12.74%[32] - The total current liabilities were reported at CNY 34.46 billion, down from CNY 37.62 billion, representing a decrease of approximately 8.5%[26] - Long-term borrowings increased by 37.41% to CNY 19,501,265,594.06, attributed to new bank loans and financing for a high-purity polysilicon project[12] - The total liabilities and equity reached CNY 96,370,846,007.29, up from CNY 92,594,584,239.03, indicating a growth of about 4.20%[33] Cash Flow - Net cash flow from operating activities was negative at CNY -1.64 billion, an improvement from CNY -3.79 billion in the previous year[4] - Net cash flow from financing activities decreased by 25.68% to CNY 3,544,430,498.79, primarily due to increased repayments of maturing loans[17] - Cash inflow from operating activities in Q1 2019 was approximately ¥8.03 billion, an increase of 7.85% from ¥7.45 billion in Q1 2018[40] - Cash outflow from operating activities totaled approximately ¥9.68 billion in Q1 2019, down from ¥11.24 billion in Q1 2018, indicating a reduction of 13.9%[40] - The total cash inflow from financing activities in Q1 2019 was 5,976,591,571.40 RMB, compared to 4,042,369,000.00 RMB in Q1 2018, representing an increase of approximately 48.0%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 271,893[7] - Xinjiang TBEA Group Co., Ltd. held 12.03% of the shares, making it the largest shareholder[7] Government Subsidies and Legal Matters - The company received government subsidies amounting to CNY 48.92 million related to revenue[6] - The company is involved in ongoing legal disputes regarding commercial secrets and contract disputes, with no new developments reported[18] Changes in Financial Reporting - The company adopted new financial instrument standards starting January 1, 2019, affecting the financial statement format[50] - The financial statement format was changed in accordance with the Ministry of Finance's regulations[56] - The company continues to monitor the impact of new regulations on its financial performance[56]