CMST(SH:600787)2019-04-29 16:00Financial Performance - Operating revenue increased by 38.48% to CNY 9,927,192,805.86 year-on-year[12] - Net profit attributable to shareholders rose by 17.96% to CNY 28,643,127.63 compared to the same period last year[12] - The net profit after deducting non-recurring gains and losses increased by 10.62% to CNY 16,201,513.26 compared to the same period last year[12] - Total profit increased by 116.31% to ¥29,660,798.91 from ¥13,712,200.78, primarily due to the profitability of Zhongchu Logistics compared to losses in the same period last year[24] - Operating profit for Q1 2019 was ¥19,629,724.08, compared to ¥10,234,753.17 in Q1 2018, reflecting a significant growth[47] - Net profit for Q1 2019 was ¥22,506,795.13, up from ¥10,259,683.98 in Q1 2018, indicating a year-over-year increase of 119.8%[49] - The company's operating revenue for Q1 2019 was approximately CNY 1.90 billion, a 27.5% increase from CNY 1.49 billion in Q1 2018[52] Cash Flow and Liquidity - Net cash flow from operating activities improved to -CNY 693,024,114.76, a reduction from -CNY 1,147,385,423.46 in the previous year[12] - The company's cash flow from operating activities in Q1 2019 was negative CNY 693 million, an improvement from negative CNY 1.15 billion in Q1 2018[59] - Cash inflow from operating activities totaled 2,889,556,375.99 CNY, compared to 2,405,412,630.21 CNY in the previous year[61] - The company reported a cash balance of ¥1,516,124,521.80, down from ¥4,357,595,710.20, a decrease of approximately 65.2%[36] - The company’s cash and cash equivalents decreased by 2,877,315,799.78 CNY during the quarter[64] Assets and Liabilities - Total assets decreased by 9.32% to CNY 20,439,008,481.13 compared to the end of the previous year[12] - Total liabilities decreased from ¥11,110,757,701.02 to ¥8,938,037,786.18, a decline of approximately 19.6%[36] - Total current liabilities reached ¥8,860,001,811.00, with non-current liabilities totaling ¥2,250,755,890.02[70] - Total liabilities amount to approximately $9.28 billion[78] - Total assets and equity combined amount to approximately $19.75 billion[78] Shareholder Information - The number of shareholders reached 57,262 by the end of the reporting period[19] - The largest shareholder, China Material Storage and Transportation Group Co., Ltd., holds 1,006,185,716 shares, accounting for 45.74% of total shares[19] - Basic earnings per share increased by 18.18% to CNY 0.0130 compared to the previous year[15] - Basic earnings per share for Q1 2019 were ¥0.0130, compared to ¥0.011 in Q1 2018, showing an increase of 18.2%[49] Expenses and Investments - Sales expenses surged by 76.06% to ¥89,743,768.94 from ¥50,973,242.40, reflecting the scale expansion of supply chain and Zhongchu Logistics businesses[22] - Financial expenses increased by 65.48% to ¥61,133,081.66 from ¥36,943,018.81, mainly due to increased interest expenses from higher borrowings[24] - Research and development expenses for Q1 2019 were ¥419,921.31, compared to zero in Q1 2018, highlighting an investment in innovation[47] - The company reported a total cost of operations of ¥9,905,055,705.50 in Q1 2019, which is an increase from ¥7,294,117,713.21 in Q1 2018[47] Future Outlook - The company plans to continue expanding its supply chain and logistics services to drive future growth[22]