SJA(SH:600609)2019-04-26 16:00Financial Performance - Operating revenue for the period was CNY 1,458,529,044.66, representing a year-on-year increase of 6.36%[10] - Net profit attributable to shareholders was CNY 19,034,781.68, down 6.00% from the previous year[10] - The company reported a significant increase of 1817.16% in current liabilities due within one year, totaling CNY 1,581,627,511.46[17] - Financial expenses increased by 140.61% compared to the previous period[17] - Investment income surged by 1426.05% to CNY 3,128,429.80 compared to the previous year[17] - The company reported an operating profit of CNY 110,181,080.11 for Q1 2019, compared to CNY 62,134,511.18 in Q1 2018, an increase of 77.38%[40] - Net profit for Q1 2019 reached CNY 78,790,499.36, compared to CNY 67,640,306.54 in Q1 2018, representing a growth of 16.02%[40] - The company reported a gross profit margin of approximately 7.33% for Q1 2019, compared to 4.51% in Q1 2018[40] Cash Flow - The net cash flow from operating activities was CNY 168,115,669.44, compared to a negative CNY 20,446,461.05 in the same period last year[10] - Net cash flow from operating activities increased mainly due to an increase in cash received from sales of goods and services during the period[23] - Cash flow from operating activities for Q1 2019 was RMB 168,115,669.44, a significant improvement from a negative RMB 20,446,461.05 in Q1 2018[46] - Total cash inflow from operating activities in Q1 2019 reached RMB 1,928,850,288.39, compared to RMB 1,667,278,740.04 in Q1 2018, reflecting a year-over-year increase of approximately 15.7%[46] - Total cash outflow from operating activities in Q1 2019 was RMB 1,760,734,618.95, compared to RMB 1,687,725,201.09 in Q1 2018, indicating a decrease of approximately 5.1%[46] - The net increase in cash and cash equivalents for Q1 2019 was negative RMB 79,916,339.95, compared to a negative RMB 137,371,898.73 in Q1 2018, indicating an improvement in cash management[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,619,928,436.30, a decrease of 1.30% compared to the end of the previous year[10] - Total liabilities as of March 31, 2019, were 4,715,024,995.90, compared to 4,867,865,168.43 as of December 31, 2018[29] - The total liabilities stood at approximately ¥4.87 billion, while total equity was about ¥825.84 million[58] - Current liabilities reached approximately ¥3.04 billion, with short-term borrowings at ¥622.7 million[56] - The company reported a total of ¥1.83 billion in non-current liabilities, including deferred income of ¥88.71 million[56] Investments - The company invested ¥50 million in Huachen Automotive Investment, holding a 3.33% stake[59] - The company also invested ¥4 million in Shenyang Jinbei Jinheng Automotive Safety Systems, holding a 14.81% stake[59] - The company has invested $5 million in Huachen Automotive Investment (Dalian) Co., holding a 3.33% stake, with a book value of approximately $54.64 million as of December 31, 2018[66] - An investment of $400,000 was made in Shenyang Jinbei Jinheng Automotive Safety Systems Co., holding a 14.81% stake, with a book value of approximately $18.52 million as of December 31, 2018[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,187[13] - Shareholders' equity totaled CNY 427,195,836.40, down from CNY 461,262,313.84 in the previous period[37] - The company's total equity stands at approximately $461.26 million, with a paid-in capital of $1.09 billion and retained earnings showing a deficit of approximately $2.11 billion[64] Financial Adjustments - The company adjusted its financial assets, reclassifying ¥73.16 million from available-for-sale to non-trading equity investments[60] - The company adjusted its financial assets under the new financial instrument standards, reducing available-for-sale financial assets by approximately $73.16 million and increasing other equity instrument investments by the same amount[69]