时代新材(600458) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 1.35% to CNY 2,539,141,857.45 year-on-year[9] - Net profit attributable to shareholders decreased by 4.56% to CNY 32,205,886.83 compared to the same period last year[9] - The company reported a net profit excluding non-recurring gains and losses increased by 17.77% to CNY 25,387,382.39 year-on-year[9] - Net profit for Q1 2019 was CNY 28,751,415.72, compared to CNY 31,215,468.96 in Q1 2018, indicating a decline of 7.88%[35] - The company's revenue for Q1 2019 was ¥952,202,731.24, an increase of 21.4% compared to ¥784,516,058.36 in Q1 2018[38] - Net profit for Q1 2019 was ¥83,050,755.56, compared to ¥25,155,354.56 in Q1 2018, marking a year-over-year increase of 230.5%[40] - The total comprehensive income for Q1 2019 was ¥90,785,406.36, compared to ¥49,831,893.01 in Q1 2018, indicating a growth of 82.2%[40] Cash Flow - Net cash flow from operating activities was negative at CNY -597,396,441.44, worsening from CNY -253,523,197.01 in the previous year[14] - Net cash flow from operating activities decreased primarily due to a reduction in cash received from sales of goods and services[16] - The company reported a net cash outflow from operating activities of ¥597,396,441.44 in Q1 2019, worsening from a net outflow of ¥253,523,197.01 in Q1 2018[43] - The total cash outflow for operating activities was 2,035,661,414.96 RMB, compared to 1,691,941,663.99 RMB in the previous year, reflecting increased operational expenses[49] - Cash inflow from financing activities reached 968,000,000.00 RMB, with cash outflow totaling 393,290,055.00 RMB, leading to a net cash flow of 574,709,945.00 RMB from financing activities[49] - The total cash flow from all activities resulted in a net decrease of -216,071,466.90 RMB in cash and cash equivalents for the quarter[49] Assets and Liabilities - Total assets increased by 6.22% to CNY 15,165,488,263.66 compared to the end of the previous year[9] - Total current assets as of March 31, 2019, amounted to RMB 9,397,303,095.37, up from RMB 8,860,864,184.89 at the end of 2018, representing an increase of approximately 6.06%[20] - Total liabilities as of March 31, 2019, were RMB 10,379,322,811.45, compared to RMB 9,485,664,004.51 at the end of 2018, marking an increase of about 9.43%[24] - Total assets as of March 31, 2019, reached RMB 15,165,488,263.66, up from RMB 14,277,065,125.70 at the end of 2018, representing an increase of approximately 6.23%[24] - Total liabilities rose to CNY 7,370,177,651.30, compared to CNY 6,767,038,911.74, suggesting increased leverage[31] - Total liabilities reached approximately $6.77 billion, a decrease from approximately $6.96 billion in the previous period[62] Shareholder Information - The number of shareholders reached 45,934 at the end of the reporting period[10] - The total equity increased to CNY 4,851,403,618.28 from CNY 4,760,618,211.92, showing a strengthening of shareholder value[31] - Shareholders' equity totaled ¥4,791,401,121.19, remaining stable compared to the previous period[57] Expenses - Financial expenses decreased significantly by 84.91% to CNY 2,924,962.90 compared to the same period last year[13] - Financial expenses decreased due to foreign exchange gains from euro to RMB fluctuations, which were higher than the same period last year[16] - Research and development expenses increased to CNY 179,615,293.97 in Q1 2019, up from CNY 148,208,222.92 in Q1 2018, highlighting a focus on innovation[35] - The financial expenses for Q1 2019 included interest expenses of ¥20,949,965.71, an increase from ¥14,576,271.80 in Q1 2018[40] Inventory and Receivables - Accounts receivable increased to RMB 4,796,048,266.12 from RMB 4,158,734,756.71, reflecting a growth of about 15.34%[20] - Inventory increased to RMB 2,012,142,278.15 from RMB 1,763,272,892.98, indicating an increase of approximately 14.14%[20] - The company reported a decrease in inventory to CNY 959,768,733.53 from CNY 689,312,749.19, indicating improved inventory management[28] - Accounts receivable rose to CNY 2,025,200,092.06, an increase from CNY 1,358,667,278.01, indicating potential growth in sales[28] Financing Activities - Short-term borrowings increased by 49.13% to CNY 1,838,485,600.00 compared to the end of the previous year[14] - Short-term borrowings increased due to new bank short-term loans during the reporting period[16] - The company’s short-term borrowings increased significantly to CNY 1,778,000,000.00 from CNY 1,170,000,000.00, indicating a shift in financing strategy[31] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[15] - The company is implementing new accounting standards effective January 1, 2019, which may impact financial reporting[57]