ZMC(600216)2019-04-24 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥132,958,785.09, a decrease of 71.43% year-on-year[10] - Operating revenue for the period was ¥1,718,620,418.75, down 10.60% from the same period last year[10] - Basic earnings per share decreased to ¥0.14, down 71.43% from ¥0.49 in the same period last year[10] - The net profit after deducting non-recurring gains and losses was ¥73,590,681.51, a decline of 84.45% year-on-year[10] - The company reported a significant decrease in net profit due to various operational challenges and market conditions[10] - Total operating revenue for Q1 2019 was CNY 1,718,620,418.75, a decrease of 10.6% compared to CNY 1,922,400,190.61 in Q1 2018[45] - Net profit for Q1 2019 was CNY 123,589,689.71, down 73.6% from CNY 467,692,127.69 in Q1 2018[47] - Total comprehensive income for the first quarter of 2019 was CNY 126,032,374.28, compared to CNY 440,942,662.14 in the first quarter of 2018, indicating a significant decrease[53] Cash Flow - The net cash flow from operating activities was -¥35,624,950.01, an improvement of 76.11% compared to -¥149,119,375.92 in the previous year[10] - Cash inflow from operating activities totaled CNY 1,858,261,814.08 in Q1 2019, slightly up from CNY 1,846,391,146.85 in Q1 2018[57] - Net cash outflow from operating activities was CNY -35,624,950.01 in Q1 2019, an improvement from CNY -149,119,375.92 in Q1 2018[57] - Cash inflow from investment activities was CNY 539,505,278.79 in Q1 2019, compared to CNY 291,887,589.22 in Q1 2018, showing a substantial increase[57] - Cash inflow from financing activities was CNY 202,098,987.50 in Q1 2019, up from CNY 191,760,000.00 in Q1 2018[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,188,872,810.54, an increase of 1.40% compared to the end of the previous year[10] - The total liabilities as of March 31, 2019, were RMB 1,903,307,750.95, compared to RMB 1,887,413,806.84 at the end of 2018[34] - Total liabilities increased to CNY 2,027,397,282.55 from CNY 1,963,815,507.50, representing a growth of approximately 3.5%[36] - Current assets rose to CNY 4,245,306,654.15 from CNY 3,948,165,981.38, reflecting an increase of approximately 7.5%[40] - The total current assets decreased to 4.89 billion, showing a reduction of approximately $155.56 million[67] Shareholder Information - Total number of shareholders at the end of the reporting period is 68,359[16] - The largest shareholder, Xin Chang Chang Xin Investment Development Co., Ltd., holds 208,192,361 shares, accounting for 21.57% of total shares[16] - The company repurchased a total of 6,827,500 shares, accounting for 0.71% of the total share capital, with a total payment of approximately RMB 59.98 million[24] - The company plans to utilize the repurchased shares for equity incentives[24] Investment and Expenses - Investment income surged by 7458.75%, reaching 18,443,586.90 RMB, primarily from the sale of stocks[20] - Research and development expenses rose to CNY 64,247,921.28, an increase of 28.8% from CNY 49,866,639.76 in Q1 2018[45] - Operating costs increased by 31.85% year-on-year, amounting to 1,052,048,829.99 RMB, attributed to higher sales volume and costs of main products[20] Market Outlook - The company expects a significant decrease in cumulative net profit compared to the same period last year due to a shortage in the vitamin A market and subsequent price fluctuations[27] - The company is focusing on improving cash flow and exploring new market opportunities to enhance future performance[10] - The company plans to focus on market expansion and new product development in the upcoming quarters[49]