SLSVC(SH:600123)2019-04-22 16:00Financial Performance - Operating revenue rose by 11.21% to CNY 1,888,820,687.38 year-on-year[4] - Net profit attributable to shareholders increased by 7.58% to CNY 209,923,051.27 compared to the same period last year[4] - Total operating revenue for Q1 2019 was CNY 1,888,820,687.38, an increase of 11.2% from CNY 1,698,361,474.58 in Q1 2018[18] - Net profit for Q1 2019 reached CNY 178,098,451.07, representing a 21.9% increase compared to CNY 146,109,028.22 in Q1 2018[18] - Total profit for Q1 2019 was CNY 267,058,339.56, compared to CNY 233,796,926.22 in Q1 2018, marking an increase of 14.2%[18] - Earnings per share (EPS) for Q1 2019 was CNY 0.1838, up from CNY 0.1708 in Q1 2018[19] Asset and Liability Changes - Total assets increased by 2.80% to CNY 23,960,421,832.25 compared to the end of the previous year[4] - Total assets reached ¥23,960,421,832.25, an increase from ¥23,307,340,276.26, reflecting overall growth in the company's financial position[14] - Current liabilities totaled approximately ¥10.06 billion, an increase of 2.73% from ¥9.79 billion in the previous period[15] - Total liabilities amounted to approximately ¥13.09 billion, an increase of 3.21% from ¥12.68 billion[15] - Shareholders' equity totaled approximately ¥10.87 billion, up from ¥10.62 billion, reflecting an increase of 2.34%[15] Cash Flow Analysis - Cash flow from operating activities decreased by 33.64% to CNY 206,417,019.75 year-on-year[4] - Cash inflow from operating activities for Q1 2019 was CNY 1,522,162,943.39, an increase of 16.1% compared to CNY 1,311,372,088.72 in Q1 2018[21] - Net cash flow from operating activities decreased to CNY 206,417,019.75, down 33.7% from CNY 311,061,412.36 in the same period last year[21] - Cash inflow from financing activities totaled CNY 2,465,230,000.00, a significant increase of 63.1% compared to CNY 1,512,921,457.10 in Q1 2018[23] - Cash and cash equivalents at the end of Q1 2019 reached CNY 1,208,641,124.94, an increase from CNY 833,144,253.75 at the end of Q1 2018[23] Production and Sales Metrics - Coal production increased by 22.88% to 2,235,600 tons compared to the same period last year[6] - Coal sales volume rose by 45.97% to 1,981,600 tons year-on-year[6] - Urea sales volume increased by 30.59% to 182,700 tons compared to the same period last year[6] - The gross profit margin for urea products improved by 95.12% year-on-year[6] Shareholder and Equity Information - The number of shareholders at the end of the reporting period was 64,356[6] - The total equity attributable to shareholders increased to approximately ¥10.48 billion, up from ¥10.20 billion, reflecting a growth of 2.54%[15] Impairment and Provisions - Asset impairment losses surged by 398.04% to ¥3,595,181.12 from ¥721,868.18, primarily due to an increase in bad debt provisions[11] - Accounts receivable increased by 129.60% to ¥167,101,147.10 from ¥72,779,738.42 due to an increase in receivables[10] - Prepayments rose by 97.63% to ¥196,502,158.10 from ¥99,430,031.69, primarily due to increased advance payments for materials, equipment, and engineering[10] - Employee compensation payable increased by 41.31% to ¥441,870,821.46 from ¥312,703,606.98, mainly due to higher wages and insurance[10] Bankruptcy and Subsidiary Information - The company plans to apply for bankruptcy liquidation for its subsidiary, Chongqing Lanhua Solar Power Co., Ltd., as approved by the board[12] - The company’s total liabilities and equity structure will be closely monitored following the bankruptcy proceedings of its subsidiary[12]