SHRC(SH:600392)2019-04-26 16:00Financial Performance - Operating revenue rose by 15.34% to CNY 1,582,785,483.20 year-on-year[4] - Net profit attributable to shareholders decreased by 54.81% to CNY 34,728,423.88 compared to the same period last year[4] - Basic earnings per share dropped by 54.79% to CNY 0.0198 compared to the previous year[4] - The weighted average return on equity decreased by 0.68 percentage points to 0.67%[4] - Other income increased by 81.94% to CNY 6,111,651.17, attributed to higher government subsidies compared to the same period last year[8] - Investment income surged by 821.05% to CNY 722,329.70, resulting from profits from the sale of trading financial assets[8] - Net profit for Q1 2019 was ¥37,280,326.41, a decrease of 47.1% from ¥70,457,203.80 in Q1 2018[22] - Earnings per share for Q1 2019 was ¥0.0198, down from ¥0.0438 in Q1 2018, representing a decline of 54.8%[22] Assets and Liabilities - Total assets increased by 4.34% to CNY 9,172,836,744.79 compared to the end of the previous year[4] - The company's total receivables increased by 38% to CNY 1,289,201,823.68 due to delayed collections influenced by the Spring Festival[7] - Total current assets increased to ¥6,733,769,433.73 from ¥6,315,621,201.51, representing a growth of approximately 6.6% year-over-year[13] - Total liabilities increased to ¥3,765,507,188.10 from ¥3,408,431,590.83, which is an increase of approximately 10.5%[15] - Total liabilities for Q1 2019 were ¥553,066,222.88, an increase of 38.9% from ¥398,067,080.91 in Q1 2018[19] - The company reported a total non-current asset value of approximately ¥5.53 billion, with total current assets increasing to approximately ¥887.23 million, reflecting a change of ¥50 million[35] Cash Flow - Net cash flow from operating activities was negative at CNY -152,801,867.42, a decline of 230.38% year-on-year[4] - Cash flow from operating activities in Q1 2019 was -152,801,867.42, a decline from 117,194,663.56 in Q1 2018[26] - Cash inflow from financing activities reached CNY 210,000,000.00 thousand, a substantial increase from CNY 1,215,823.74 thousand in the same quarter last year[29] - The net increase in cash and cash equivalents for the quarter was CNY 116,958,905.18 thousand, up from CNY 8,154,600.71 thousand year-over-year[29] Shareholder Information - The number of shareholders at the end of the reporting period was 91,930[6] - The top shareholder, China Geological Survey Institute, holds 14.04% of shares[6] Government Subsidies and R&D - The company reported government subsidies of CNY 3,245,450.75 related to normal business operations[5] - Research and development expenses for Q1 2019 were ¥13,995,327.23, up from ¥12,773,860.68 in Q1 2018, marking an increase of 9.6%[21] Asset Impairment and Other Losses - The company reported a significant increase in asset impairment losses, up 765.85% to CNY 40,351,706.00, primarily due to price fluctuations of key products[8] - The company recorded an asset impairment loss of ¥40,351,706.00 in Q1 2019, compared to a gain of ¥6,060,180.19 in Q1 2018[21] Financial Reporting Adjustments - The company executed adjustments in financial reporting, reclassifying certain financial assets under new financial instrument standards, impacting the presentation of trading and available-for-sale financial assets[36] - The company implemented new financial instrument standards and lease standards effective January 1, 2019, without retrospective adjustments for 2018 and prior periods[37]