CBEST(SH:600729)2019-04-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 9.59% to CNY 472,767,307.22 year-on-year[10] - Operating income slightly declined by 0.43% to CNY 10,019,692,023.12 compared to the same period last year[10] - Basic and diluted earnings per share decreased by 10.08% to CNY 1.16[10] - The company reported a net profit of ¥2,094,003,006.29 for the period, up from ¥1,952,777,622.82, indicating an increase of about 7.22%[36] - Net profit for Q1 2019 was CNY 481,312,906.32, down 9.9% from CNY 534,205,503.76 in Q1 2018[40] - The net profit attributable to shareholders of the parent company was CNY 472,767,307.22, a decrease of 9.6% compared to CNY 522,899,680.86 in Q1 2018[42] Cash Flow - Net cash flow from operating activities decreased significantly by 44.36% to CNY 150,477,795.10[10] - Net cash flow from operating activities for the first quarter of 2019 was approximately ¥150.48 million, down from ¥270.43 million in the first quarter of 2018, a decline of about 44.3%[52] - Cash inflow from operating activities for the first quarter of 2019 was approximately ¥10.26 billion, a decrease from ¥10.46 billion in the first quarter of 2018, representing a decline of about 1.9%[52] - Cash outflow from operating activities totaled approximately ¥10.11 billion in the first quarter of 2019, compared to ¥10.19 billion in the same period of 2018, indicating a decrease of about 0.8%[52] - Net cash flow from investing activities increased by 6.31% to ¥523,215,179.05, mainly due to increased income from funds received and reduced fixed asset investments[21] - Cash inflow from investment activities was approximately ¥985.74 million in the first quarter of 2019, compared to ¥1.17 billion in the same period of 2018, reflecting a decrease of about 15.9%[52] Assets and Liabilities - Total assets decreased by 2.52% to CNY 13,760,198,721.55 compared to the end of the previous year[10] - Total liabilities amounted to ¥5,968,686,275.27, compared to ¥5,659,378,980.10, representing an increase of approximately 5.46%[36] - Total current assets amounted to ¥7,856.66 million, remaining stable compared to the previous period[61] - Total current liabilities were RMB 5,408,045,992.20, with accounts payable and notes payable at RMB 670,366,061.58[70] Shareholder Information - The total number of shareholders reached 12,239 at the end of the reporting period[12] - The largest shareholder, Chongqing Commercial Group Co., Ltd., holds 45.05% of the shares[12] Expenses - Research and development expenses increased significantly due to the initiation of multiple R&D projects by the company's quality inspection subsidiary[20] - Research and development expenses for Q1 2019 were CNY 1,931,598.19, reflecting ongoing investment in innovation[40] - The company experienced a decrease in management expenses to CNY 268,383,026.01 in Q1 2019, down from CNY 349,240,229.06 in Q1 2018[40] Other Financial Metrics - The weighted average return on equity decreased by 1.8 percentage points to 8.15%[10] - Trading financial assets decreased by 85.56% to ¥105,185,753.42, primarily due to the recovery of principal and income from maturing structured deposits[16] - Employee compensation payable increased by 38.91% to ¥701,232,719.22, mainly due to the accrual of annual performance bonuses[16] - Tax payable increased by 39.34% to ¥221,259,546.30, primarily due to an increase in corporate income tax payable[16]