Tianjin Port (SH:600717)2019-04-29 16:00Financial Performance - Revenue for the first quarter was CNY 2.82 billion, up 2.19% from CNY 2.76 billion in the previous year[9]. - Net profit attributable to shareholders of the listed company decreased by 36.84% to CNY 146.13 million compared to CNY 231.34 million in the same period last year[9]. - The net profit after deducting non-recurring gains and losses increased by 18.52% to CNY 145.22 million[9]. - Basic earnings per share were CNY 0.09, down 35.71% from CNY 0.14 in the previous year[9]. - The weighted average return on equity decreased by 0.56 percentage points to 0.91%[9]. - Total operating revenue for Q1 2019 was RMB 2,818,491,843.05, an increase from RMB 2,758,102,264.39 in Q1 2018, representing a growth of approximately 2.2%[37]. - Net profit attributable to shareholders of the parent company for Q1 2019 was RMB 146,127,171.77, down from RMB 231,344,606.84 in Q1 2018, a decrease of about 36.8%[39]. - Total profit for Q1 2019 was RMB 261,962,788.95, compared to RMB 492,237,540.65 in Q1 2018, a decrease of approximately 46.8%[37]. - Comprehensive income for Q1 2019 totaled RMB 302,145,032.80, compared to RMB 156,921,917.63 in Q1 2018, showing an increase of approximately 92.5%[39]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 34.42 billion, an increase of 0.63% compared to the end of the previous year[9]. - Total liabilities decreased to ¥7,253,985,275.57 from ¥7,953,079,489.16[26]. - Total liabilities amounted to approximately $13.12 billion, a slight decrease from $13.21 billion in the previous period, reflecting a reduction of about 0.68%[27]. - Total current assets decreased to approximately $2.32 billion from $2.38 billion, a reduction of about 2.56%[32]. - Total non-current assets increased to approximately $15.37 billion from $15.28 billion, reflecting an increase of about 0.59%[32]. - The total assets increased marginally to approximately $17.68 billion from $17.66 billion, reflecting a growth of about 0.07%[34]. - The total current liabilities were ¥7,953,079,489.16, reflecting a consistent level of obligations compared to the previous year[58]. - The company reported a total of $1.25 billion in current liabilities, with non-current liabilities at approximately $1.68 billion, resulting in total liabilities of about $2.93 billion[68]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to CNY 16.10 billion, reflecting a growth of 1.40% year-on-year[9]. - The total number of shareholders at the end of the reporting period was 109,353[13]. - The largest shareholder, Xianchuang Investment Co., Ltd., held 951,512,511 shares, accounting for 56.81% of the total shares[13]. - Owner's equity reached approximately $20.99 billion, with total equity attributable to shareholders at around $15.87 billion[61]. - The total equity attributable to shareholders increased to approximately $14.74 billion, reflecting a stable financial position[68]. Cash Flow and Investments - Operating cash flow generated during the period was CNY 529.06 million, representing a significant increase of 58.20% compared to the same period last year[9]. - Cash flow from operating activities for Q1 2019 was CNY 529,061,467, an increase of 58.25% from CNY 334,417,466 in Q1 2018[47]. - Cash flow from investing activities for Q1 2019 showed a net outflow of CNY 62,911,285, a decrease from a net inflow of CNY 193,235,528 in Q1 2018[48]. - Cash flow from financing activities for Q1 2019 resulted in a net outflow of CNY 41,281,995, an improvement from a net outflow of CNY 499,493,459 in Q1 2018[48]. - The company recorded investment income of CNY 82,233,447 in Q1 2019, an increase of 2.00% from CNY 79,840,747 in Q1 2018[43]. - The cash inflow from investment income was ¥48,131,289.61, a significant increase from ¥7,407,293.75 in the previous year[53]. Expenses and Costs - Total operating costs for Q1 2019 were RMB 2,659,922,274.70, compared to RMB 2,596,216,969.67 in Q1 2018, reflecting an increase of approximately 2.5%[37]. - Research and development expenses decreased by 41.48% to ¥2,167,008.60 from ¥3,702,766.96[16]. - Research and development expenses for Q1 2019 were RMB 2,167,008.60, significantly lower than RMB 3,702,766.96 in Q1 2018, indicating a decrease of about 41.5%[37]. - The company reported interest expenses of CNY 28,446,014 in Q1 2019, up from CNY 20,013,062 in Q1 2018[43]. Other Financial Metrics - Other receivables decreased by 33.15% to ¥64,945,498.72 from ¥97,158,048.59[16]. - Inventory decreased by 34.84% to ¥166,331,013.38 from ¥255,274,062.41[16]. - Investment income decreased by 69.26% to ¥101,599,593.58 from ¥330,531,464.76[16]. - Deferred tax liabilities increased by 37.91% to ¥134,728,566.01 from ¥97,695,084.63[16]. - Other comprehensive income increased by 34.14% to ¥265,638,745.37 from ¥198,027,471.01[16]. - Deferred income tax liabilities rose significantly to approximately $134.73 million from $97.70 million, an increase of about 37.83%[27]. - The company has implemented new financial instrument standards affecting various accounting items[20].