GLARUNTECH(SH:600562)2019-04-29 16:00Financial Performance - Operating revenue for the period was ¥205,507,506.86, representing a year-on-year increase of 17.69%[4] - Net profit attributable to shareholders was ¥17,254,112.21, a decrease of 1.55% compared to the same period last year[4] - The company received government subsidies amounting to ¥3,511,637.39 during the reporting period[6] - The company's tax and additional fees increased by 120% to CNY 2,069,241.93 compared to CNY 940,026.00 in the same period last year[11] - Management expenses rose by 32% to CNY 15,381,787.05 from CNY 11,624,342.71 year-over-year[11] - R&D expenses surged by 101% to CNY 9,794,207.25, up from CNY 4,865,772.72 in the previous year[11] - The total profit for Q1 2019 was ¥20,476,251.81, slightly down from ¥21,021,099.01 in Q1 2018, a decrease of about 2.6%[25] - The net profit for Q1 2019 was ¥1,150,727.53, down from ¥2,971,359.79 in Q1 2018, indicating a decline of about 61.2%[28] - The company's financial expenses for Q1 2019 were reported at -¥1,100,654.20, compared to -¥400,691.96 in Q1 2018, indicating an increase in financial costs[25] Cash Flow - Net cash flow from operating activities was -¥77,889,167.99, an improvement from -¥113,402,426.07 in the previous year[4] - Cash inflow from operating activities for Q1 2019 was CNY 312,724,160.83, compared to CNY 126,203,077.86 in Q1 2018, representing a significant increase of 147.5%[29] - Cash outflow from operating activities for Q1 2019 totaled CNY 390,613,328.82, up from CNY 239,605,503.93 in Q1 2018, indicating a rise of 63.1%[29] - Cash outflow from investment activities in Q1 2019 was CNY 8,420,777.02, compared to CNY 7,615,221.60 in Q1 2018, reflecting an increase of 10.5%[30] - Cash inflow from financing activities in Q1 2019 was CNY 15,524,241.52, compared to CNY 13,080,317.18 in Q1 2018, marking an increase of 18.7%[30] - Net cash flow from financing activities for Q1 2019 was -CNY 1,679,127.38, an improvement from -CNY 11,760,882.59 in Q1 2018[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,872,435,100.04, an increase of 0.24% compared to the end of the previous year[4] - The total liabilities as of March 31, 2019, amounted to CNY 1,079,879,756.60, slightly down from CNY 1,090,132,923.71 at the end of 2018[19] - The total assets as of March 31, 2019, were CNY 1,741,253,789.94, a decrease from CNY 1,743,692,554.61 at the end of 2018[22] - The equity attributable to shareholders of the parent company was CNY 1,792,555,343.44, up from CNY 1,775,301,231.23 at the end of 2018, reflecting an increase of approximately 1.0%[19] - Total current assets amounted to CNY 2,671,920,499.23, slightly up from CNY 2,657,724,789.77 in the previous year[17] Shareholder Information - The number of shareholders at the end of the reporting period was 28,077, with the top ten shareholders holding significant stakes[7] Business Operations - Prepayments increased by 112% to ¥20,878,871.63, mainly due to increased equipment prepayments for rail business projects[10] - The company plans to expand its rail business projects, as indicated by the increase in prepayments and advance receipts[10] - The company continues to focus on expanding its market presence and enhancing product development, although specific new products or technologies were not detailed in the report[24] Research and Development - Research and development expenses for Q1 2019 were significantly higher at ¥9,794,207.25 compared to ¥4,865,772.72 in Q1 2018, reflecting an increase of approximately 101.5%[25]