GZRS(SH:600367)2019-04-18 16:00Financial Performance - Operating revenue for the current period was CNY 379,635,223.73, representing a growth of 9.88% year-on-year[7]. - Net profit attributable to shareholders of the listed company decreased by 23.93% to CNY 16,145,723.18 compared to the same period last year[7]. - Basic and diluted earnings per share were both CNY 0.055, down 24.66% from CNY 0.073 in the same period last year[7]. - The weighted average return on equity decreased by 0.55 percentage points to 1.26%[7]. - Total operating revenue for Q1 2019 was CNY 379,635,223.73, an increase of 9.8% compared to CNY 345,501,628.65 in Q1 2018[37]. - Net profit for Q1 2019 was CNY 19,438,906.90, a decrease of 23.3% from CNY 25,375,348.54 in Q1 2018[38]. - Earnings per share for Q1 2019 were CNY 0.055, down from CNY 0.073 in Q1 2018[39]. - The company reported a total comprehensive income of CNY 7.63 million for Q1 2019, down from CNY 15.45 million in Q1 2018[42]. Cash Flow - The net cash flow from operating activities was CNY 101,343,069.57, a significant recovery from a loss of CNY 50,239,758.82 in the previous year[7]. - Cash flow from operating activities showed a significant improvement, with a net cash inflow of CNY 101.34 million in Q1 2019, compared to a net outflow of CNY 50.24 million in Q1 2018[45]. - Net cash flow from operating activities reached CNY 54,195,942, compared to a negative cash flow of CNY -46,721,115 in the same period last year[48]. - Cash inflow from investment activities was CNY 343,439, a substantial increase from CNY 49,323 in Q1 2018[48]. - Cash outflow for purchasing goods and services decreased to CNY 27,942,032 from CNY 75,728,776, marking a 63.1% reduction[48]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,907,816,876.89, an increase of 0.51% compared to the end of the previous year[7]. - Current assets totaled ¥1,153,699,042.58, slightly down from ¥1,154,451,130.36, indicating a decrease of about 0.1%[26]. - Total liabilities decreased to ¥536,211,491.78 from ¥549,199,729.10, a decline of about 2.4%[28]. - The company reported a total current liability of ¥521,590,160.34, down from ¥534,578,397.66, indicating a decrease of approximately 2.4%[28]. - Total liabilities amounted to CNY 549,199,729.10, with current liabilities at CNY 534,578,397.66[53]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,593[11]. - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., held 35.25% of the shares, totaling 105,067,336 shares[11]. - The total equity attributable to shareholders as of Q1 2019 was CNY 1,095,388,398.48, an increase from CNY 1,086,052,666.01 in the previous year[33]. Changes in Financial Position - Accounts receivable decreased by 55.54% from the end of the previous year, primarily due to the maturity and payment of notes during the reporting period[14]. - Financial assets available for sale decreased by 100% compared to the end of the previous year, as the company reclassified these assets under new financial instrument standards[16]. - Construction in progress increased by 44.00% from the end of the previous year, attributed to new projects initiated during the reporting period[14]. - Other non-current assets increased by 44.86% compared to the end of the previous year, mainly due to unsettled advance payments for engineering equipment[14]. - Tax payable increased by 49.84% compared to the end of the previous year, due to an increase in value-added tax and income tax payable[14]. Financial Standards and Regulations - The company has implemented new financial and revenue recognition standards, impacting the financial statements[50]. - The company adopted new financial instrument standards effective January 1, 2019, impacting the classification of investments and impairment provisions[61]. - The new standards require a "expected credit loss" model for accounts receivable, affecting the recognition of credit impairment losses[61].