FSSS(SH:600399)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥50,413,725.25, a significant increase of 329.73% year-on-year[11]. - Operating revenue for the period was ¥1,580,677,007.88, reflecting a growth of 1.47% compared to the same period last year[11]. - Basic earnings per share rose to ¥0.0256, a 252.38% increase from -¥0.0168 in the same period last year[11]. - The company reported a net profit of ¥60,028,425.03, compared to ¥6,015,729.26 in the previous period, indicating a substantial increase[40]. - The company reported a total profit of CNY 50,445,541.57 for Q1 2019, contrasting with a total loss of CNY 21,936,398.89 in Q1 2018[43]. - Net profit for Q1 2019 reached CNY 50,413,725.25, compared to a net loss of CNY 21,944,521.39 in the same period last year[43]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,169,605,264.18, an increase of 2.91% compared to the end of the previous year[11]. - The company's total assets increased to CNY 8,169,605,264.18, up from CNY 7,938,845,292.52, reflecting a growth of approximately 2.91%[27]. - Total liabilities decreased to CNY 1,132,589,377.45 from CNY 953,329,973.21, reflecting a reduction of about 18.83%[31]. - Total liabilities increased to ¥3,949,309,369.07, up from ¥3,768,963,122.66, representing a growth of approximately 4.78% year-over-year[33]. - Total assets reached ¥8,296,905,836.24, compared to ¥8,086,143,168.50 in the previous year, indicating an increase of about 2.60%[40]. - The total equity attributable to shareholders reached ¥4,220,295,895.11, up from ¥4,169,882,169.86, reflecting an increase of approximately 1.21%[33]. Cash Flow - The net cash flow from operating activities improved to -¥44,707,290.01, a 66.71% increase compared to -¥134,314,159.86 in the previous year[11]. - Cash inflow from operating activities was ¥1,569,016,909.32, down from ¥1,694,722,311.10 in the same quarter last year, representing a decline of approximately 7.4%[50]. - Cash outflow from operating activities totaled ¥1,613,724,199.33, compared to ¥1,829,036,470.96 in the previous year, indicating a decrease of about 11.8%[54]. - The cash flow from investing activities improved by 57.12% to CNY -24,294,167.14, compared to CNY -56,650,032.49 in the previous period[27]. - The total cash inflow from financing activities was ¥1,731,943,651.99, while cash outflow was ¥1,504,369,761.56, resulting in a net cash flow of ¥227,573,890.43[56]. Shareholder Information - The total number of shareholders at the end of the reporting period was 98,302[15]. - The largest shareholder, Northeast Special Steel Group Co., Ltd., held 576,876,444 shares, representing 29.25% of the total shares[15]. Expenses and Costs - Financial expenses decreased by 80.95% to CNY 15,339,627.57, down from CNY 80,505,708.33, due to reduced borrowings[27]. - Total operating costs decreased to CNY 1,540,399,777.01 from CNY 1,579,796,901.25, representing a reduction of approximately 2.5%[42]. - Tax expenses for Q1 2019 were CNY 31,816.32, up from CNY 8,122.50 in the previous year, reflecting improved profitability[43]. - The company reported a significant increase in employee compensation payable, which rose by 67.32% to CNY 17,147,253.40 from CNY 10,247,904.03[27]. Other Financial Metrics - The weighted average return on net assets increased by 3.13 percentage points to 1.20%[11]. - The company reported a debt restructuring gain of ¥5,500,293.60 during the period[11]. - Research and development expenses for Q1 2019 were CNY 769,617.76, indicating continued investment in innovation[42]. - Other income for Q1 2019 amounted to CNY 3,322,017, contributing positively to the overall financial performance[42].