HASCO(SH:600741)2019-04-25 16:00Financial Performance - The net profit attributable to shareholders decreased by 36.61% compared to the same period last year, amounting to ¥1,845,346,333.02[3] - The operating revenue for the first quarter was ¥35,570,534,872.56, representing a decline of 11.62% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 15.11%, totaling ¥1,359,675,087.11[4] - The total profit for Q1 2019 was CNY 2,596,287,332.20, reflecting a significant decline of 35.96% from CNY 4,053,861,246.92 in the same period last year[11] - The net profit attributable to shareholders for Q1 2019 was CNY 1,845,346,333.02, down 36.61% from CNY 2,911,319,807.36 in Q1 2018[11] - The company achieved a total profit of CNY 2,596,287,332.20 in Q1 2019, down from CNY 4,053,861,246.92 in the same period last year, reflecting market challenges[24] - The total comprehensive income attributable to the parent company was CNY 2,251,964,870.01, a decrease from CNY 2,620,409,858.14 in the same quarter of 2018, representing a decline of approximately 14.0%[25] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥255,957,507.80, a 186.67% increase compared to the previous year[4] - The net cash flow from operating activities for Q1 2019 was CNY 255,957,507.80, a turnaround from a negative cash flow of CNY -295,329,647.34 in the previous year, representing an increase of 186.67%[12] - The net cash inflow from financing activities was CNY 1,821,969,927.22, a significant increase of 768.43% compared to CNY 209,801,433.98 in Q1 2018[12] - The net cash outflow from investing activities was CNY -1,874,554,691.78, which is a 38.67% improvement compared to CNY -3,056,350,953.00 in the same period last year[12] - The cash inflow from operating activities totaled CNY 38,584,836,984.76, compared to CNY 36,340,247,128.24 in the first quarter of 2018, an increase of approximately 6.2%[29] - The net cash flow from financing activities was 1,821,969,927.22 CNY, a significant increase compared to 209,801,433.98 CNY in the same quarter of the previous year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥134,744,630,805.62, reflecting a 0.79% increase from the end of the previous year[4] - The company's total current assets as of March 31, 2019, were CNY 80,380,156,797.68, slightly down from CNY 80,901,225,804.72 at the end of 2018[15] - Total liabilities decreased to ¥77.43 billion from ¥79.06 billion, a reduction of approximately 2.06%[18] - Current liabilities decreased to ¥66.20 billion from ¥68.08 billion, a reduction of approximately 2.75%[18] - Total liabilities amounted to ¥79,059,086,883.78, with current liabilities at ¥68,078,251,886.83 and non-current liabilities at ¥10,980,834,996.95[36] - The total assets of the company were reported at ¥133,686,856,529.70, with current assets totaling ¥4,340,217,446.34 and non-current assets at ¥29,874,869,337.32[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 62,920[7] - The largest shareholder, Shanghai Automotive Group Co., Ltd., held 58.32% of the shares[7] - Basic earnings per share were ¥0.585, down 36.62% from ¥0.923 in the same period last year[4] - The weighted average return on equity decreased by 2.87 percentage points to 3.97%[4] Investment and R&D - Research and development expenses increased to CNY 1,283,323,826.61 in Q1 2019, up from CNY 993,468,478.76 in Q1 2018, indicating a focus on innovation[23] - The company reported an increase in investment income to CNY 574,812,743.90 from CNY 528,979,100.15 year-over-year, an increase of about 8.7%[26] - The company completed the acquisition of 50% equity in Shanghai Koito Automotive Lighting Co., Ltd. in the previous year, which contributed to the significant decline in net profit this quarter[3] Comprehensive Income - Other comprehensive income after tax for Q1 2019 was CNY 369,882,088.20, compared to a loss of CNY 330,964,799.63 in Q1 2018, showing improvement in financial performance[24] - The total comprehensive income for the first quarter was CNY 998,200,464.28, compared to CNY 309,114,830.45 in the same quarter of 2018, an increase of approximately 222.0%[27]