龙净环保(600388) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue rose by 34.71% to CNY 1.63 billion year-on-year[11] - Net profit attributable to shareholders increased by 11.89% to CNY 104.51 million compared to the same period last year[11] - Basic and diluted earnings per share both rose by 11.11% to CNY 0.10[11] - The company's operating revenue for the current period reached CNY 1,629,266,795.42, a 34.71% increase compared to CNY 1,209,477,839.88 in the same period last year[18] - Total operating revenue for Q1 2019 was approximately ¥1.63 billion, a 35% increase from ¥1.21 billion in Q1 2018[42] - Net profit for Q1 2019 reached approximately ¥105.58 million, representing a 13% increase compared to ¥93.64 million in Q1 2018[44] - The net profit attributable to shareholders of the parent company was approximately ¥104.51 million, up from ¥93.41 million in the same period last year[44] Assets and Liabilities - Total assets increased by 2.81% to CNY 19.38 billion compared to the end of the previous year[11] - The total assets of the company as of March 31, 2019, amounted to CNY 19,383,484,800.14, up from CNY 18,853,916,246.49 at the end of 2018[30] - The company’s total liabilities increased to CNY 13,212,027,237.72 from CNY 12,971,920,192.62, indicating a rise in financial obligations[30] - Total liabilities increased to ¥14,189,119,875.60, up from ¥13,765,010,729.54, representing a growth of approximately 3.1%[36] - Total equity reached ¥5,194,364,924.54, compared to ¥5,088,905,516.95, indicating an increase of about 2.1%[36] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 553.15 million, worsening from a net outflow of CNY 350.79 million in the previous year[11] - The net cash flow from operating activities was negative CNY 553,148,983.24, compared to negative CNY 350,793,463.66 in the previous year[21] - Operating cash inflow for Q1 2019 was CNY 1,510,973,716.34, an increase from CNY 1,400,304,131.55 in Q1 2018, representing a growth of approximately 7.9%[53] - Cash outflow for purchasing goods and services in Q1 2019 was CNY 1,398,286,231.24, compared to CNY 1,201,377,663.25 in Q1 2018, indicating a rise of about 16.4%[53] - Cash inflow from financing activities in Q1 2019 was CNY 1,373,720,711.58, significantly higher than CNY 900,000,000.00 in Q1 2018, marking a 52.5% increase[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 96,410[14] - The largest shareholder, Longjing Industrial Group Co., Ltd., holds 17.17% of the shares[14] - The company has not undergone any changes in its controlling shareholder during the reporting period[17] Expenses - The operating cost for the current period was CNY 1,241,300,681.57, reflecting a 37.58% increase from CNY 902,215,462.98 year-on-year[18] - The company reported a significant increase in sales expenses, which rose by 52.46% to CNY 44,365,264.51 due to increased marketing costs associated with new projects[18] - The company’s financial expenses surged by 152.72% to CNY 48,791,567.77, primarily due to increased interest expenses[18] - Research and development expenses for Q1 2019 totaled approximately ¥78.45 million, a 7% increase from ¥73.18 million in Q1 2018[42] Other Income and Comprehensive Income - The company received government subsidies amounting to CNY 18.88 million, closely related to its normal business operations[11] - Other income for Q1 2019 was approximately ¥18.88 million, slightly down from ¥19.18 million in Q1 2018[42] - The total comprehensive income for Q1 2019 was CNY 94,087,048.08, compared to CNY 697,338,869.24 in Q1 2018, indicating a significant decline[53]