CC GAS(SH:600333)2019-04-23 16:00Financial Performance - Operating revenue for the reporting period was CNY 546,108,268.84, an increase of 13.47% year-on-year [5]. - Net profit attributable to shareholders of the listed company was CNY 2,770,404.71, a significant recovery from a loss of CNY 22,122,724.78 in the same period last year [5]. - The company reported a basic earnings per share of CNY 0.005, recovering from a loss of CNY 0.04 per share in the previous year [5]. - The company's net profit for Q1 2019 was CNY 1,524,415.86, a significant improvement compared to a net loss of CNY 23,105,114.89 in the same period last year, reflecting a 106.60% change [12]. - The total comprehensive income for Q1 2019 was CNY 1,524,415.86, a significant improvement from a loss of CNY 23,105,114.89 in the same period last year [26]. - The operating profit for Q1 2019 was CNY 18,873,062.41, compared to a loss of CNY 2,375,877.89 in Q1 2018 [29]. - The total profit for Q1 2019 was CNY 19,096,562.41, compared to a loss of CNY 2,351,931.39 in Q1 2018 [29]. Cash Flow - The net cash flow from operating activities was negative CNY 60,343,613.50, compared to negative CNY 38,369,516.69 in the previous year [5]. - Cash flow from operating activities showed a negative net amount of CNY -60,343,613.50, worsening by CNY -21,974,096.81 compared to the previous year [13]. - The cash flow from operating activities for Q1 2019 was a net outflow of CNY 60,343,613.50, worsening from a net outflow of CNY 38,369,516.69 in Q1 2018 [31]. - The net cash flow from financing activities was CNY 67,132,665.64, compared to CNY 8,932,595.60 in the previous year, indicating a substantial improvement [34]. - The company received CNY 404,000,000.00 in borrowings during Q1 2019, a significant increase from CNY 176,470,000.00 in the same quarter of the previous year, representing a 128.5% rise [34]. - The company experienced a net decrease in cash and cash equivalents of CNY 19,957,812.31 in Q1 2019, compared to a larger decrease of CNY 93,350,470.27 in Q1 2018 [32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,617,723,520.17, a decrease of 0.18% compared to the end of the previous year [5]. - Current assets increased by 47.81% to CNY 36,770,343.68, mainly due to the reclassification of input tax increases during the reporting period [10]. - Current liabilities decreased to CNY 2,912,008,796.44 from CNY 3,020,397,854.88, indicating improved liquidity management [17]. - Long-term liabilities increased to CNY 564,750,698.64 from CNY 470,709,762.02, representing a rise of about 19.9% [22]. - The company's total assets as of March 31, 2019, amounted to CNY 5,237,348,180.78, compared to CNY 5,206,195,382.25 at the end of 2018 [22]. Shareholder Information - The company had a total of 46,562 shareholders at the end of the reporting period [7]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 58.75% of the shares [7]. Revenue and Costs - Total operating revenue for Q1 2019 was CNY 546,108,268.84, an increase of 13.5% compared to CNY 481,285,945.63 in Q1 2018 [25]. - Total operating costs for Q1 2019 were CNY 548,096,526.84, up from CNY 510,705,276.37 in Q1 2018, reflecting a year-over-year increase of 7.3% [25]. - The company reported a gross profit of CNY 152,440,295.43 for Q1 2019, compared to a gross loss of CNY 21,091,503.88 in Q1 2018 [25]. Financial Expenses and Investment Income - Financial expenses rose by 57.06% to CNY 25,357,875.20 due to an increase in interest expenses from higher interest-bearing debts [12]. - Investment income decreased by 44.37% to CNY 3,317,394.46, attributed to reduced profits from invested enterprises [12]. - The investment income for Q1 2019 was CNY 3,317,394.46, down from CNY 5,962,834.01 in Q1 2018 [29]. Future Outlook - The company anticipates a slowdown in revenue growth for the next reporting period due to uncertainties in residential gas price adjustments and ongoing project developments [13]. - The company continues to explore market expansion opportunities and new product development strategies as part of its growth initiatives [25].