GRIAM(SH:600206)2019-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,602,613,246.25, representing a 59.46% increase year-on-year[6] - Net profit attributable to shareholders was CNY 14,724,981.03, a significant increase of 532.29% compared to the same period last year[6] - Basic earnings per share rose to CNY 0.017, up 466.67% from CNY 0.003 in the previous year[6] - The company reported a total profit of ¥19,795,730.15 in Q1 2019, compared to ¥2,895,609.08 in Q1 2018, representing a growth of 584.5%[26] - Operating profit for Q1 2019 was ¥14,868,600.24, compared to ¥3,299,954.69 in the same period last year, reflecting a growth of 350.5%[26] - The company achieved a net profit for Q1 2019 of ¥15,783,059.15, up 642.5% from ¥2,123,770.68 in Q1 2018[26] Assets and Liabilities - Total assets increased by 1.34% to CNY 3,556,836,392.32 compared to the end of the previous year[6] - Total liabilities reached CNY 397,803,327.32, with current liabilities at CNY 252,870,441.17 and non-current liabilities at CNY 144,932,886.15[41] - Current liabilities rose to ¥284,866,759.85, compared to ¥252,870,441.17, marking an increase of about 12.63%[21] - Non-current liabilities decreased slightly to ¥140,532,309.49 from ¥144,932,886.15, a decline of approximately 3.00%[21] - Total current assets decreased to ¥612,421,176.52 from ¥902,441,919.04, a decline of about 32.14%[22] Cash Flow - The company reported a net cash flow from operating activities of -CNY 312,034,903.41, which is not comparable to the previous year[6] - The net cash flow from operating activities was -312,034,903.41 RMB in Q1 2019, compared to -266,146,489.74 RMB in Q1 2018, indicating a decline in operational cash generation[32] - The total cash outflow from financing activities was 6,647,830.56 RMB in Q1 2019, compared to 487,918.75 RMB in Q1 2018, suggesting increased financing costs[33] - The company received 20,000,000.00 RMB from borrowings in Q1 2019, compared to 10,000,000.00 RMB in Q1 2018, indicating a strategy to increase leverage[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 77,440[10] - The largest shareholder, Youyan Technology Group Co., Ltd., holds 36.07% of the shares, totaling 305,510,668 shares[10] - The company plans to repurchase and cancel 213,600 restricted shares at a price of ¥5.75 per share, reducing total shares from 847,078,332 to 846,864,732[16] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,775,567.00, which are closely related to its normal business operations[8] - The company received government subsidies amounting to ¥4,930,308.81, an increase of 1085.86% compared to ¥415,756.41 in the previous period[15] - Non-recurring gains and losses totaled CNY 11,834,850.74 for the reporting period[9] Research and Development - Research and development expenses grew by 35.27% to ¥26,650,389.36 from ¥19,701,200.97, as the company intensified its collaborative development efforts on key technologies[15] - Research and development expenses increased to ¥26,650,389.36 in Q1 2019, up 35.4% from ¥19,701,200.97 in Q1 2018[25] Inventory and Receivables - Accounts receivable rose by 109.50% to ¥392,511,539.08 from ¥187,352,825.47, reflecting a significant increase in sales and longer collection periods from domestic customers[14] - Inventory increased by 35.74% to ¥710,066,267.13 from ¥523,103,774.06, attributed to higher sales and increased stockpiling[14] Financial Position - The company reported a total liability of ¥425,399,069.34, up from ¥397,803,327.32, indicating an increase of approximately 6.38%[21] - The company's retained earnings increased to ¥636,988,008.05 from ¥622,263,027.02, reflecting a growth of about 2.00%[21] - Total equity increased to ¥3,131,437,322.98 from ¥3,112,004,788.80, representing a growth of around 0.62%[21] Other Financial Metrics - The weighted average return on equity increased by 0.42 percentage points to 0.5%[6] - The financial expenses for Q1 2019 were reduced to ¥563,475.29, a significant decrease from ¥6,553,605.98 in Q1 2018[25] - The company reported an investment income of ¥7,978,814.02 in Q1 2019, slightly down from ¥8,486,794.50 in Q1 2018[26]