XCEP(SH:600505)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 0.13% to CNY 1,505,700.85 year-on-year[5] - Operating revenue rose by 1.33% to CNY 221,778,987.94 compared to the same period last year[5] - Operating profit for Q1 2019 increased to ¥9,785,918.21, compared to ¥8,297,656.76 in Q1 2018, reflecting a growth of 17.93%[27] - Net profit for Q1 2019 was ¥6,355,344.00, representing a 20.09% increase from ¥5,292,815.27 in Q1 2018[27] - The profit attributable to shareholders of the parent company was ¥1,505,700.85, slightly up from ¥1,503,762.20 in Q1 2018[27] - The company reported a total comprehensive income of ¥6,355,344.00 for Q1 2019, compared to ¥5,292,815.27 in Q1 2018[28] - The company does not anticipate significant changes in net profit compared to the previous year[16] Assets and Liabilities - Total assets increased by 1.17% to CNY 3,070,465,544.40 compared to the end of the previous year[5] - Total liabilities rose to CNY 1,742,408,918.89, up from CNY 1,712,769,841.79, marking an increase of about 1.72%[21] - Owner's equity increased to CNY 1,328,056,625.51 from CNY 1,322,042,206.70, reflecting a growth of approximately 0.45%[21] - Non-current assets totaled CNY 2,421,722,617.15, slightly up from CNY 2,419,960,380.67, indicating a marginal increase of about 0.07%[20] - Current liabilities decreased to CNY 610,575,557.10 from CNY 615,372,781.41, showing a reduction of approximately 0.13%[20] - Total current asset of CNY 348,946,223.08, down from CNY 358,891,850.55, indicating a decrease of about 2.9%[24] Cash Flow - Net cash flow from operating activities decreased significantly by 88.76% to CNY 5,417,083.40[5] - Net cash flow from operating activities for Q1 2019 was CNY 6,260,405.57, down 88.5% from CNY 54,482,291.36 in Q1 2018[36] - Cash inflow from operating activities was impacted by an increase in cash payments to suppliers and employees, totaling CNY 46,833,346.64 in Q1 2019[36] - The cash flow from operating activities was impacted by an increase in cash payments to suppliers and employees, totaling CNY 46,833,346.64 in Q1 2019[36] - The net cash flow from investing activities improved by 54.05% to -32,868,927.30, mainly due to reduced construction investments[14] - The net cash flow from investing activities in Q1 2019 was -CNY 32,125,006.55, compared to -CNY 34,212,763.15 in Q1 2018[36] Shareholder Information - The number of shareholders reached 26,492 at the end of the reporting period[8] - The top three shareholders hold a combined 55.36% of the shares, with State Grid Sichuan Electric Power Company holding 20.15%[8] - Basic and diluted earnings per share remained unchanged at CNY 0.0041[5] Inventory and Receivables - Accounts receivable and notes increased by 32,378,491.47 to 110,745,101.28, a rise of 41.32% mainly from increased electricity receivables and solar subsidies[11] - Inventory rose by 15,438,286.25 to 56,834,034.74, an increase of 37.29% due to higher construction and material costs[11] - Total inventory reported was ¥9,710,817.75, indicating the company's stock levels[42] Legal and Regulatory Matters - The company is involved in a legal dispute regarding the return of 50 million shares of Huaxi Securities, with uncertain impacts on future profits[13] - The company adopted new financial accounting standards effective January 1, 2019, impacting the initial retained earnings and other comprehensive income[44] Other Financial Metrics - The company reported a non-operating loss of CNY 1,927,112.40 due to various factors including government subsidies and penalties[5] - Financial expenses decreased to ¥7,210,931.88 in Q1 2019 from ¥8,762,736.67 in Q1 2018, a reduction of 17.67%[26] - The company incurred sales expenses of ¥5,609,523.18 in Q1 2019, an increase of 19.36% from ¥4,700,281.00 in Q1 2018[27]