精达股份(600577) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 6.16% to CNY 77,381,162.57 year-on-year[10] - Operating revenue decreased by 4.78% to CNY 3,107,669,245.60 compared to the same period last year[10] - The company reported a decrease in revenue but an increase in net profit, indicating improved cost management[10] - Basic earnings per share increased by 8.11% to CNY 0.040 compared to the same period last year[10] - The company reported a net profit for Q1 2019 of ¥99,675,268.68, an increase of 7.3% compared to ¥92,413,127.68 in Q1 2018[50] - Earnings per share for Q1 2019 were ¥0.040, up from ¥0.037 in Q1 2018[50] - The company reported a net profit for Q1 2019 of -18,440,877.40 RMB, a significant decline from the net profit of 311,480.99 RMB in Q1 2018[54] - The total operating profit for Q1 2019 was -18,692,364.57 RMB, compared to a profit of 350,790.89 RMB in the same period last year[54] Assets and Liabilities - Total assets increased by 2.46% to CNY 5,762,233,397.51 compared to the end of the previous year[10] - Current assets totaled approximately ¥4.12 billion, an increase of 8.67% from ¥3.79 billion in the previous year[34] - Total liabilities amounted to approximately ¥1.99 billion, an increase from ¥1.94 billion, representing a growth of 2.93%[40] - Total assets reached approximately ¥5.76 billion, up from ¥5.62 billion, indicating a growth of 2.49%[40] - Total liabilities amounted to approximately ¥1,936,065,336.03, with current liabilities totaling ¥1,879,278,510.10[69] - Total equity attributable to shareholders was ¥3,177,161,587.31, reflecting a decrease of ¥15,407,207.57 compared to the previous period[73] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 67,278,874.82, a 402.13% increase from the previous year[10] - Cash received from tax refunds decreased by 60.56% to RMB 6,118,381.56, mainly due to reduced export tax rebates[27] - Cash received from other operating activities dropped by 91.74% to RMB 437,511.64, reflecting a decrease in government subsidies[27] - The cash flow from operating activities for Q1 2019 was 67,278,874.82 RMB, a recovery from a negative cash flow of -22,267,942.58 RMB in Q1 2018[60] - The cash inflow from investment activities in Q1 2019 was 208,020,738.88 RMB, compared to 17,726,320.68 RMB in Q1 2018, showing a substantial increase[60] - The total cash inflow from financing activities in Q1 2019 was 320,333,503.65 RMB, compared to 828,484,128.64 RMB in Q1 2018, indicating a decrease[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 126,555[16] - The largest shareholder, Tehua Investment Holdings Co., Ltd., held 13.02% of the shares[16] Expenses and Costs - The company's capital reserve decreased by 84.62% to RMB 3,238,797.67, primarily due to share repurchase and cancellation[20] - The company's tax payable rose by 40.91% to RMB 89,403,478.18, due to increased invoicing from shipments[20] - The company reported a decrease in sales expenses and management expenses compared to the previous year, with management expenses at 16,163,201.72 RMB in Q1 2019 versus 15,475,970.95 RMB in Q1 2018[54] - Research and development expenses for Q1 2019 were ¥53,999,615.14, compared to ¥51,691,528.62 in Q1 2018, reflecting a 4.5% increase[49] Other Financial Metrics - The weighted average return on net assets increased by 0.03 percentage points to 2.46%[10] - Non-operating income included government subsidies amounting to CNY 437,511.64[14] - The company's fair value change income increased by 1836.72% to RMB 10,018,275.06, driven by changes in non-current financial assets[24] - The company's asset impairment loss surged by 524.38% to RMB 11,127,329.15, linked to increased accounts receivable provisions[24] - The company’s retained earnings were reported at ¥1,118,849,945.12, indicating a stable profit retention strategy[73] Changes in Accounting Standards - The company adopted new financial accounting standards effective January 1, 2019, impacting financial reporting[79] - There were no adjustments made to prior comparative data under the new financial instrument standards[80] - The company did not apply for retrospective adjustments under the new leasing standards[80] - The audit report is not applicable for this period[80]