钱江水利(600283) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 50.33% to CNY 14,693,647.73 year-on-year[5] - Operating revenue rose by 1.79% to CNY 258,768,194.24 compared to the same period last year[5] - Basic earnings per share dropped by 50.00% to CNY 0.04[5] - The net profit after deducting non-recurring gains and losses decreased by 58.65% to CNY 7,339,561.70 compared to the same period last year[5] - Investment income dropped by 97.97% to RMB 287,004.90, primarily due to a decrease in equity method investment income[10] - Other income decreased by 35.89% to RMB 13,501,551.33, mainly due to a reduction in government subsidies recognized as other income compared to last year[10] - Net profit for Q1 2019 was CNY 23,299,452.27, a decrease of 43.9% from CNY 41,574,002.17 in Q1 2018[22] - The total comprehensive income for Q1 2019 was CNY 23,299,452.27, a decrease of 45.1% compared to CNY 42,618,673.98 in Q1 2018[24] - The company incurred a net loss of CNY 2,447,006.05 for Q1 2019, compared to a net profit of CNY 5,947,943.31 in Q1 2018[28] Cash Flow - Net cash flow from operating activities decreased by 39.92% to CNY 47,981,840.09 compared to the previous year[5] - The company's cash flow from operating activities decreased by 39.92% to RMB 47,981,840.09 compared to the same period last year[11] - The net cash flow from operating activities was CNY 47,981,840.09, a decrease of 40.0% compared to CNY 79,867,544.34 in Q1 2018[31] - The company generated CNY 69,735,247.69 in cash inflows from operating activities, up 40.9% from CNY 49,469,608.02 in the same period last year[33] - Cash outflows from operating activities totaled CNY 63,771,558.80, an increase of 53.3% compared to CNY 41,591,757.05 in Q1 2018[33] - The net cash flow from investing activities was CNY 8,149,728.04, significantly higher than CNY 2,252,801.00 in Q1 2018, indicating increased investment activity[34] - Cash inflows from financing activities reached CNY 50,000,000.00, up from CNY 30,000,000.00 in the previous year, reflecting stronger financing efforts[34] - The net cash flow from financing activities was CNY 44,090,909.73, a turnaround from a net outflow of CNY 1,376,627.40 in Q1 2018[34] Assets and Liabilities - Total assets increased by 2.44% to CNY 5,165,419,727.72 compared to the end of the previous year[5] - The total liabilities increased to RMB 2,880,825,657.03 from RMB 2,781,141,843.72, indicating a rise in financial obligations[15] - Total assets as of March 31, 2019, amounted to CNY 2,474,777,732.07, compared to CNY 2,423,487,552.16 at the end of 2018, representing an increase of 2.1%[20] - Total liabilities as of March 31, 2019, were CNY 920,701,211.77, an increase from CNY 866,964,025.81 at the end of 2018, indicating a growth of 6.2%[20] - The company’s total assets as of Q1 2019 stood at CNY 5,042,436,462.14, unchanged from the previous reporting period[36] - Total liabilities were reported at CNY 2,781,141,843.72, indicating stable financial leverage[37] Shareholder Information - The total number of shareholders reached 24,657 at the end of the reporting period[8] - The largest shareholder, China Water Investment Co., Ltd., holds 33.55% of the shares[9] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 13,147,771.18 during the reporting period[6] - The company's employee compensation payable decreased by 36.78% to RMB 21,157,741.82, due to performance assessment bonuses paid during the period[10] - The company's other equity instrument investments increased to RMB 132,700,002.91, reflecting a reclassification under new financial instrument standards[10] Inventory and Construction - The construction in progress increased by 43.64% to RMB 221,169,152.32, attributed to increased investment in subsidiary projects[10] - The company's inventory increased to RMB 324,452,942.52 from RMB 308,918,808.57, indicating a rise in stock levels[14] - Inventory decreased to CNY 229,520.52 from CNY 276,098.30, a decline of 17.0%[18] Financial Standards and Reporting - The company executed new financial instrument standards starting January 1, 2019, impacting the financial statement format[39]