HPEC(SH:600312)2019-04-29 16:00Financial Performance - Total revenue for Q1 2019 reached ¥1,364,374,875.01, an increase of 15.19% compared to the same period last year[4] - Net profit attributable to shareholders was ¥24,841,748.58, a significant recovery from a net loss of ¥31,975,445.90 in the previous year[4] - Basic earnings per share for the period were ¥0.02, compared to a loss of ¥0.02 in the previous year[4] - The company reported a net profit of ¥2,220,423,459.27, up from ¥2,195,581,710.69, indicating a growth of 1.13%[15] - Total profit for Q1 2019 was approximately ¥30.67 million, compared to a total loss of ¥27.21 million in Q1 2018[19] - Comprehensive income for Q1 2019 was approximately ¥23.31 million, a recovery from a comprehensive loss of ¥49.20 million in Q1 2018[19] Cash Flow - Operating cash flow for the period was -¥362,531,100.77, an improvement from -¥556,227,455.27 year-on-year[4] - Cash inflow from operating activities was CNY 1,740,346,363.56, up from CNY 1,178,521,658.25 in the previous year, reflecting a growth of approximately 47.8%[23] - The net cash outflow from operating activities was CNY -362,531,100.77, an improvement from CNY -556,227,455.27 in Q1 2018[24] - The total cash outflow from operating activities was CNY 2,102,877,464.33, compared to CNY 1,734,749,113.52 in the previous year, indicating an increase of about 21.2%[24] - The company experienced a decrease in the cash flow from operating activities net amount, which was CNY -116,632,674.85 in Q1 2019, compared to CNY -284,572,948.76 in Q1 2018, showing an improvement[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥22,201,871,122.98, a decrease of 1.19% from the previous year[4] - The company's cash and cash equivalents decreased from ¥2,428,104,178.97 to ¥2,095,276,668.74, a decline of about 13.71%[12] - The company's total liabilities decreased from ¥13,019,643,900.83 to ¥12,729,976,074.37, a reduction of approximately 2.23%[14] - Total liabilities amounted to ¥12,964,289,318.63, a decrease of 2.18% from ¥13,254,731,074.39 in the previous period[15] - Current assets totaled ¥6,824,177,955.28, a decrease of 1.73% compared to ¥6,944,714,507.94 in the previous period[16] Shareholder Information - The number of shareholders at the end of the reporting period was 63,369[6] - The largest shareholder, Pinggao Group Co., Ltd., held 40.50% of the shares[6] - Total equity attributable to shareholders was ¥8,951,444,023.46, a slight increase from ¥8,925,677,252.25, reflecting a growth of 0.29%[15] Operating Costs and Expenses - Total operating costs for Q1 2019 were approximately ¥1.35 billion, up from ¥1.22 billion in Q1 2018, reflecting a year-over-year increase of 10.4%[18] - Tax expenses for Q1 2019 were approximately ¥8.28 million, down from ¥14.46 million in Q1 2018, reflecting a decrease of 42.8%[19] - Research and development expenses for Q1 2019 were approximately ¥11.13 million, down from ¥13.22 million in Q1 2018, indicating a decrease of 15.8%[18] Government Subsidies and Other Income - The company received government subsidies amounting to ¥1,090,000.00, which are closely related to its normal business operations[5] - Other income for Q1 2019 was approximately ¥1.09 million, slightly down from ¥1.32 million in Q1 2018[18] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, rising by 507.28% to ¥986,061,529.00 due to collections from key projects[8] - Accounts receivable stood at ¥4,478,098,524.64, down 1.53% from ¥4,547,803,659.31[16] - Inventory increased to ¥956,294,824.70, up 3.76% from ¥921,628,743.76[16]