DDMC(SH:600136)2019-04-19 16:00Financial Performance - Operating revenue for the period was CNY 518,932,759, representing a significant increase of 79.34% year-on-year[6]. - Net profit attributable to shareholders was CNY 56,124,119, reflecting a slight increase of 1.93% compared to the same period last year[6]. - Basic and diluted earnings per share were both CNY 0.12, an increase of 9.09% from CNY 0.11 in the same period last year[6]. - The company reported a significant increase in financial expenses by 185.29% to ¥75,333,957.38 from ¥26,406,309.06, primarily due to new financing[16]. - The net profit for Q1 2019 was a loss of CNY 37,266,325.37, compared to a profit of CNY 58,652,240.46 in Q1 2018, reflecting a decline of approximately 163.5%[30]. - The total comprehensive income for Q1 2019 was CNY 99,583,695.06, compared to CNY 44,993,557.09 in Q1 2018, showing an increase of about 121.5%[30]. - The operating profit for Q1 2019 was a loss of CNY 19,264,338.87, down from a profit of CNY 69,424,893.01 in Q1 2018, reflecting a decline of about 127.7%[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,592,716,179, a decrease of 0.39% compared to the end of the previous year[6]. - The company’s net assets attributable to shareholders increased by 5.76% to CNY 3,542,242,577 compared to the end of the previous year[6]. - Total liabilities were reported at ¥6,238,992,387.59, down from ¥6,398,394,803.26, reflecting a decrease of about 2.5%[23]. - Current liabilities decreased to ¥3,635,776,820.19 from ¥3,680,860,822.09, indicating a reduction of approximately 1.2%[22]. - Total current assets amounted to CNY 5,257,273,809.61 as of December 31, 2018[41]. - Non-current assets totaled CNY 5,376,920,945.02, including goodwill of CNY 3,894,172,711.05[42]. - The total amount of other payables rose significantly to ¥1,337,727,389.23 from ¥759,502,145.31, an increase of approximately 76%[22]. Cash Flow - Cash flow from operating activities was CNY 385,540,183, a substantial improvement from a negative cash flow of CNY 146,758,919 in the previous year[6]. - The company generated operating cash inflow of ¥933,381,227.24, a significant increase of 134.8% compared to ¥397,449,115.77 in Q1 2018[35]. - The net cash flow from operating activities was ¥385,540,183.79, recovering from a negative cash flow of ¥146,758,919.11 in the same period last year[35]. - Cash inflow from financing activities totaled ¥1,078,919,070.34, while cash outflow was ¥1,501,471,441.75, leading to a net cash flow from financing activities of -¥422,552,371.41[36]. - The company's cash and cash equivalents decreased by ¥563,248,897.18, ending the quarter with a negative balance of -¥1,063,474.02[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,960[10]. - The top shareholder, Wuhan New Star Hanyi Chemical Co., Ltd., held 80,262,230 shares, representing 16.47% of the total shares[11]. Changes in Financial Reporting - The company implemented new financial accounting standards effective January 1, 2019, impacting the reporting of financial assets[43]. - The company adopted new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[49]. - The company did not apply the new leasing standards, indicating a focus on existing accounting practices[49]. - The report did not include an audit report, suggesting a preliminary or unaudited status of the financials[50].