HBSXNBM(SH:600293)2019-04-23 16:00Financial Performance - Operating revenue decreased by 40.73% to CNY 1,823,183,917.09 year-on-year[7] - Net profit attributable to shareholders decreased by 64.22% to CNY 38,055,230.57 compared to the same period last year[7] - Basic earnings per share decreased by 64.26% to CNY 0.0327 compared to the previous year[7] - The weighted average return on equity decreased by 1.81 percentage points to 0.98%[7] - Net profit for the period fell by 64.62% to ¥38,237,919.07 from ¥108,066,875.88, attributed to decreased sales volume from Hengbo Company[12] - Total operating revenue for Q1 2019 was ¥1,823,183,917.09, a decrease of 40.7% compared to ¥3,076,178,954.53 in Q1 2018[24] - Net profit for Q1 2019 was ¥38,237,919.07, a decline of 64.7% from ¥108,066,875.88 in Q1 2018[25] - Operating profit for Q1 2019 was ¥39,822,857.67, down 68.9% from ¥128,012,413.58 in Q1 2018[24] Cash Flow - Cash flow from operating activities decreased by 55.45% to CNY 83,563,343.45 year-on-year[7] - Cash received from operating activities increased by 103.76% to ¥214,698,299.23 compared to ¥105,366,716.49 in the previous period[12] - The net cash flow from operating activities was CNY 83,563,343.45, down 55.5% from CNY 187,584,811.26 in the same period last year[31] - The cash inflow from financing activities totaled CNY 241,927,967.65, compared to CNY 690,047,472.00 in Q1 2018, leading to a net cash flow from financing activities of -CNY 12,462,859.35[32] - The cash outflow for investing activities was CNY 1,903,813.77, significantly lower than CNY 24,945,468.23 in Q1 2018, resulting in a net cash flow from investing activities of -CNY 1,043,549.05[32] Assets and Liabilities - Total assets increased by 4.54% to CNY 7,320,112,380.76 compared to the end of the previous year[7] - Total liabilities increased to CNY 3,302,436,298.12, up from CNY 3,053,369,547.87, representing a growth of approximately 8.14%[18] - Current liabilities totaled CNY 3,107,262,672.78, compared to CNY 2,846,023,110.23, indicating an increase of about 9.15%[18] - Total equity increased to CNY 4,017,676,082.64 from CNY 3,948,512,262.41, showing a growth of approximately 1.75%[18] - Cash and cash equivalents rose to CNY 173,296,690.74 from CNY 123,391,777.77, marking an increase of about 40.49%[20] - Accounts receivable decreased to CNY 95,256,962.47 from CNY 98,237,156.83, a decline of approximately 3.02%[20] - Inventory surged to CNY 123,008,430.70, up from CNY 42,446,814.65, representing a significant increase of about 189.36%[20] Shareholder Information - The total number of shareholders reached 42,774 at the end of the reporting period[11] - The largest shareholder, Xu Xizhong, holds 207,387,072 shares, accounting for 17.85% of the total shares[11] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 451,348.19[9] - Non-recurring gains and losses totaled CNY 3,292,061.72 for the reporting period[9] - Long-term equity investments decreased by 68.03% to ¥15,555,451.39 from ¥48,660,026.88, mainly due to an increase in the scope of consolidation and internal investment offsets[12] - Other non-current assets dropped by 80.97% to ¥49,216,049.66 from ¥258,658,439.94, primarily due to the offset of equity payments made to Puyao New Materials in the previous period[12] - The company plans to repurchase shares with a budget of ¥100 million to ¥150 million at a price not exceeding ¥12 per share, with 1,987,000 shares repurchased so far, accounting for 0.17% of total share capital[13] - The company has extended the share repurchase implementation period to March 3, 2020[13]