XTAD(SH:600359)2019-04-29 16:00Financial Performance - Operating revenue decreased by 13.43% to CNY 119,483,963.44 compared to the same period last year[7] - Net profit attributable to shareholders increased by 113.04% to CNY 1,081,710.11 compared to the same period last year[7] - Basic earnings per share increased to CNY 0.003 from CNY -0.02, representing a 115% improvement[7] - The company reported a net loss of CNY 901,281,466.57 in equity, slightly improved from a loss of CNY 902,171,442.50[25] - Net profit for Q1 2019 was 1,211,492.18, compared to a net loss of 9,238,838.77 in Q1 2018, indicating a significant turnaround[32] - Total profit for Q1 2019 was 1,211,492.18, a stark contrast to the total loss of 9,238,838.77 in the same period last year[32] Cash Flow - Net cash flow from operating activities improved by 17.53% to CNY -39,936,441.49 compared to the same period last year[7] - The net cash flow from operating activities was -39,936,441.49 RMB, compared to -48,424,232.70 RMB in the previous year, indicating an improvement of approximately 17.5%[39] - The net cash flow from financing activities was 120,580,944.87 RMB, a turnaround from -195,951,899.42 RMB in the previous year[40] - The total cash inflow from investment activities was 247,634,319.66 RMB, significantly higher than 324,164.39 RMB in the same period last year[39] - The net increase in cash and cash equivalents for the period was 177,533,535.26 RMB, contrasting with a decrease of 254,108,980.26 RMB in the previous year[40] Assets and Liabilities - Total assets increased by 4.90% to CNY 2,244,761,287.31 compared to the end of the previous year[7] - Total liabilities rose to CNY 1,783,484,568.88, up from CNY 1,679,244,729.76, indicating an increase of 6.2%[25] - Current liabilities totaled CNY 1,415,212,281.79, compared to CNY 1,309,874,161.65, reflecting a rise of 8.0%[25] - Non-current assets amounted to CNY 839,071,992.79, a slight decrease from CNY 853,841,836.08, showing a decline of 1.7%[25] - Cash and cash equivalents increased by 206.47% to ¥263,518,744.22 from ¥85,985,208.96 due to increased bank loans and asset recovery[14] Shareholder Information - The total number of shareholders reached 50,416 at the end of the reporting period[11] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., holds 40.32% of the shares[11] Income and Expenses - The company reported non-operating income of CNY 1,951,093.74 for the period[9] - Operating costs decreased by 32.29% to ¥72,266,443.87 from ¥106,736,827.31, attributed to reduced product sales of the new agricultural dairy company[14] - Sales expenses increased from 12,046,312.11 to 15,345,001.06, an increase of about 27%[32] - Research and development expenses were reported at 1,108,360.38, with no prior year comparison available[32] Investment and Other Income - Investment income increased by 41.02% to ¥658,769.58 from ¥467,138.60, mainly due to increased financial management income from the parent company[14] - The company recorded a significant increase in other income, rising by 391.52% to ¥534,431.93 from ¥108,730.09, mainly due to contributions from the dairy company[14] Contingent Liabilities and Legal Matters - The company has recognized a contingent liability of ¥65,004,800 related to a court ruling on a loan guarantee case[15] - The company withdrew an arbitration application for a contract dispute, reducing the claim amount from ¥827,785,142 to ¥627,785,142 after partial repayment[18] - As of April 19, 2019, the company received ¥100 million from Aral Fulida, with a remaining principal of ¥469 million to be claimed later[19] Other Financial Metrics - The weighted average return on equity decreased by 99.83 percentage points to 0.002%[7] - The company anticipates no significant changes in cumulative net profit compared to the previous year[21] - Total cash outflow from financing activities was 154,419,055.13 RMB, down from 367,951,899.42 RMB in the previous year, indicating a reduction of approximately 58%[40]