QJCT(SH:600706)2019-04-25 16:00Financial Performance - Operating revenue rose by 11.70% to CNY 317,272,485.82 year-on-year[6] - Net profit attributable to shareholders increased by 2.29% to CNY 30,630,814.97[6] - Basic and diluted earnings per share remained stable at CNY 0.17[6] - Total operating revenue for Q1 2019 was CNY 317,272,485.82, an increase of 11.7% compared to CNY 284,031,012.78 in Q1 2018[29] - Net profit for Q1 2019 reached CNY 30,122,178.91, slightly higher than CNY 30,020,122.41 in Q1 2018, reflecting a growth of 0.34%[31] - The profit margin for Q1 2019 was approximately 9.5%, compared to 10.6% in Q1 2018, indicating a decrease in profitability[31] - The company reported a total profit of CNY 35,159,199.06 for Q1 2019, slightly up from CNY 35,100,094.60 in Q1 2018[29] Assets and Liabilities - Total assets increased by 2.43% to CNY 2,210,371,523.48 compared to the end of the previous year[6] - The company's total assets reached CNY 2,210.37 million, an increase of CNY 52.49 million or 2.43% compared to the beginning of the year[12] - The company's current assets totaled CNY 974,149,407.39, slightly up from CNY 956,586,060.27 at the end of 2018[24] - Total liabilities increased to CNY 1,155,222,587.18, up from CNY 1,132,851,593.94, reflecting a growth of approximately 1.5%[25] - Current liabilities totaled CNY 750,928,742.67, compared to CNY 732,389,546.92, indicating an increase of about 2.7%[25] - The total liabilities to equity ratio stands at approximately 62.6%, indicating a moderate level of financial leverage[47] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 38,511,154.35 compared to a net outflow of CNY 3,096,981.92 in the same period last year[6] - The net cash flow from operating activities showed a significant decline of CNY 354.14 million, primarily due to reduced sales collections[13] - The cash inflow from sales was ¥287.62 million, a decrease of 7.4% compared to ¥310.64 million in Q1 2018[37] - The net cash flow from operating activities was -¥38.51 million in Q1 2019, compared to -¥3.10 million in Q1 2018, indicating a significant decline[37] - The total cash and cash equivalents at the end of Q1 2019 was ¥228.45 million, compared to ¥77.94 million at the end of Q1 2018, indicating a strong liquidity position[38] Shareholder Information - The number of shareholders reached 17,676 at the end of the reporting period[9] - The largest shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., holds 53.16% of the shares, with 95,425,934 shares pledged[9] Investment and Expenses - Non-recurring gains and losses totaled CNY 3,766,260.28, primarily from asset disposal and government subsidies[7] - The company reported a significant increase in investment income of CNY 14.23 million, a rise of 413.64% compared to the previous period[13] - Sales expenses increased to CNY 17,564,917.98 in Q1 2019, up 32.1% from CNY 13,308,492.28 in Q1 2018[29] - Management expenses rose to CNY 34,895,155.71 in Q1 2019, an increase of 14.6% compared to CNY 30,542,185.33 in Q1 2018[29] Inventory and Receivables - Accounts receivable increased by CNY 11.67 million, a rise of 71.77%, mainly due to an increase in bank acceptance bills received[12] - Inventory rose by CNY 155.26 million, an increase of 42.47%, attributed to higher labor costs in greening projects[12] - Accounts receivable increased to CNY 586,429,194.01 from CNY 537,993,857.87, indicating a growth of approximately 8.9%[24] - Inventory rose to CNY 52,082,269.30 from CNY 36,556,641.31, reflecting an increase of about 42.4%[24] Compliance and Regulatory - The company is undergoing adjustments in accounting standards effective from January 1, 2019, which may impact future financial reporting[44] - The company is in compliance with the new financial instrument and lease accounting standards effective from January 1, 2019[48]