BJBASHI(SH:600386)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 12.58% to CNY 17,048,623.83 year-on-year[6] - Operating revenue rose by 12.31% to CNY 1,127,012,151.79 compared to the same period last year[6] - Operating profit for Q1 2019 was CNY 37,229,535.92, compared to CNY 31,169,554.78 in Q1 2018, indicating an increase of 19.5%[28] - Net profit for Q1 2019 reached CNY 15,008,486.15, representing a 74.5% increase from CNY 8,599,082.52 in Q1 2018[31] - The company reported a total profit of CNY 24,684,363.26 for Q1 2019, compared to CNY 11,465,443.36 in Q1 2018, marking a significant increase[31] - The company reported a net profit margin of approximately 3.3% for Q1 2019, compared to 3.1% in Q1 2018[28] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 26,994,035.29, a 132.40% increase from the previous year[6] - Cash inflow from operating activities in Q1 2019 was CNY 1,222,998,522.05, an increase from CNY 1,165,636,029.64 in Q1 2018[35] - The net cash flow from operating activities for Q1 2019 was CNY 26,994,035.29, a significant improvement compared to a net outflow of CNY 83,309,144.93 in Q1 2018[36] - Total cash inflow from financing activities was CNY 242,441,071.16, while cash outflow was CNY 206,315,559.20, resulting in a net cash flow of CNY 36,125,511.96 for Q1 2019[37] Assets and Liabilities - Total assets decreased by 2.47% to CNY 4,688,767,686.51 compared to the end of the previous year[6] - Total liabilities as of March 31, 2019, were CNY 1,373,027,721.99, compared to CNY 1,247,727,020.22 at the end of 2018, representing an increase of 10.0%[25] - Total assets as of March 31, 2019, amounted to CNY 2,927,441,394.21, up from CNY 2,773,788,830.17 at the end of 2018[24] - Total liabilities were CNY 2,910,238,383.61, with a decrease of CNY 253,614.80 from the previous reporting period[42] Equity - Shareholders' equity totaled CNY 1,554,413,672.22 as of March 31, 2019, up from CNY 1,526,061,809.95 at the end of 2018, reflecting a growth of 1.9%[25] - Shareholders' equity reached $1,526,061,809.95, with an increase of $2,255,286.12 from the prior period[47] Income and Expenses - Income tax expenses increased by 124.51%, mainly due to an increase in corporate income tax[14] - The company incurred a tax expense of CNY 9,675,877.11 in Q1 2019, compared to CNY 2,866,360.84 in Q1 2018, reflecting a higher tax burden[31] - Operating expenses surged by 978.93%, primarily due to increased operating expenses of the subsidiary Haiyijie[14] Accounts Receivable and Payable - Accounts receivable increased by 52.95% to CNY 332,820,297.55 compared to the beginning of the year[12] - Accounts payable decreased by 35.18% to CNY 483,473,366.31, mainly due to a reduction in payables by subsidiaries[12] Other Income and Gains - Other income rose by 207.62%, mainly due to increased subsidies received by the subsidiary bus leasing[14] - Asset disposal gains increased by 110.82%, attributed to the increased disposal of fixed assets by the subsidiary bus leasing[14] Asset Impairment - Asset impairment losses increased by 99.66% compared to the same period last year, primarily due to the implementation of new financial instrument accounting standards[14] Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 402,170,836.25 from CNY 436,504,887.21 at the end of 2018, a decline of 7.8%[23] - The cash and cash equivalents at the end of Q1 2019 stood at CNY 898,408,351.98, down from CNY 1,085,894,589.60 at the end of Q1 2018[37]