SHD(SH:600630)2019-04-28 16:00Financial Performance - Operating revenue for the period was CNY 1,030,842,448.99, representing a 3.98% increase year-on-year[12] - Net profit attributable to shareholders decreased by 62.71% to CNY 8,779,911.70 compared to the same period last year[12] - Basic and diluted earnings per share dropped by 66.67% to CNY 0.02[12] - The total profit for the first quarter of 2019 was 13,728,973.07, a decrease of 51.33% compared to 28,207,837.12 in the same period of 2018[21] - The company reported a net loss of ¥29,676,224.99 for Q1 2019, an improvement from a net loss of ¥33,450,284.27 in Q1 2018[39] - The total comprehensive income for Q1 2019 was CNY 3,774,059.28, significantly lower than CNY 21,000,304.75 in Q1 2018[46] - The company's total profit for Q1 2019 was CNY 3,774,059.28, down from CNY 21,000,304.75 in Q1 2018[46] Cash Flow - Net cash flow from operating activities was negative at CNY -86,775,549.01, a decline of 11.58% year-on-year[12] - The net cash flow from operating activities was -86,775,549.01, compared to -77,770,790.73 in the previous period, indicating a decline in operational cash flow[52] - Total cash inflow from operating activities amounted to 2,207,750,188.12, while cash outflow was 2,294,525,737.13, resulting in a net cash flow deficit[52] - Cash inflow from financing activities was 246,536,592.29, significantly higher than 23,026,000.00 in the previous period, showing increased borrowing activity[54] - The net cash flow from financing activities was -17,065,367.89, a notable decrease from -70,345,245.72 in the prior period, reflecting improved financing conditions[54] - Cash and cash equivalents decreased to ¥48,923,214.61 from ¥109,260,856.77 year-over-year, representing a decline of approximately 55.2%[34] Assets and Liabilities - Total assets increased by 5.05% to CNY 3,097,005,560.28 compared to the end of the previous year[12] - The total current assets as of March 31, 2019, amounted to 2,598,920,657.88, an increase from 2,459,774,408.25 at the end of 2018[28] - The total liabilities increased to 1,260,024,916.89 from 1,120,056,853.64 in the previous year[29] - The company's total assets reached 3,097,005,560.28, up from 2,948,213,007.01 in the previous year[29] - The company's accounts receivable increased to 382,873,780.66 from 360,831,450.35 in the previous year[25] - Total liabilities decreased to ¥478,120,589.85 from ¥481,313,077.61, showing a reduction of approximately 0.7%[37] Shareholder Information - The number of shareholders at the end of the reporting period was 73,645[17] - The largest shareholder, Shanghai Textile (Group) Co., Ltd., holds 30.08% of the shares[17] Research and Development - Research and development expenses increased significantly to 15,310,282.11, up 341.94% from 3,464,363.57 in the previous year[21] - Research and development expenses increased significantly to ¥15,310,282.11 in Q1 2019, compared to ¥3,464,363.57 in Q1 2018, marking a growth of over 341%[39] Operational Efficiency - Significant increase in construction in progress by 1,990.65% to CNY 68,983,887.50 due to new equipment installation[20] - Accounts payable increased by 43.03% to CNY 346,123,226.26, indicating higher purchase obligations[20] - Cash inflow from other operating activities was 966,436,677.17, up from 746,978,697.22, indicating growth in operational efficiency[52] - The company reported a cash outflow of 1,159,549,904.45 for other operating activities, which increased from 877,867,446.00, reflecting higher operational costs[52]