宜宾纸业(600793) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥39,713,104.60, a significant increase of 2,242.10% year-on-year[6]. - Operating revenue for the period was ¥240,702,268.57, representing a decrease of 30.25% compared to the same period last year[6]. - Basic and diluted earnings per share were both ¥0.3771, up 2,242.24% from ¥0.0161 in the same period last year[6]. - Net profit for the year is expected to decline significantly compared to the previous year due to reduced sales and confirmed relocation income[15]. - The net profit for Q1 2019 was CNY 42,253,662.66, significantly up from CNY 4,667,616.76 in Q1 2018, representing an increase of 804.5%[28]. - The company's operating profit for Q1 2019 was CNY 40,281,173.12, an increase from CNY 4,667,616.76 in Q1 2018, marking a growth of 764.5%[27]. - The total comprehensive income for Q1 2019 was CNY 42,253,662.66, up from CNY 4,667,616.76 in Q1 2018, reflecting an increase of 804.5%[28]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,714,409,509.62, an increase of 1.88% compared to the end of the previous year[6]. - Total assets increased to ¥3,714,409,509.62 from ¥3,645,985,521.55[18]. - Non-current assets increased to ¥2,559,037,306.70 from ¥2,395,342,187.41[18]. - Current liabilities increased to ¥2,800,872,888.71 from ¥2,765,459,717.81[18]. - Total liabilities as of March 31, 2019, were CNY 3,286,692,474.88, compared to CNY 3,266,023,475.30 at the end of 2018, showing a slight increase of 0.6%[23]. - Shareholders' equity increased to CNY 364,322,494.51 as of March 31, 2019, from CNY 322,068,831.85 at the end of 2018, reflecting a growth of 13.1%[23]. Cash Flow - The net cash flow from operating activities was ¥5,142,040.53, a recovery from a negative cash flow of ¥50,090,124.03 in the previous year[6]. - Cash received from operating activities increased by 589.00% to ¥49,003,861.72 from ¥3,150,871.92 due to relocation compensation[14]. - The net cash flow from operating activities for Q1 2019 was ¥5,142,040.53, a significant improvement from a net outflow of ¥50,090,124.03 in Q1 2018[31]. - Total cash inflow from operating activities was ¥300,030,763.86, compared to ¥275,872,513.18 in the previous year, reflecting a year-over-year increase of approximately 8.4%[31]. - Cash outflow from operating activities decreased to ¥294,888,723.33 from ¥325,962,637.21, indicating a reduction of about 9.5%[32]. - The ending cash and cash equivalents balance decreased to ¥22,861,118.03 from ¥74,720,763.15, a decline of approximately 69.4%[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,915[11]. - The largest shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., held 53.84% of the shares[11]. Receivables and Payables - Accounts receivable decreased by 48.04% to ¥4,510,000 from ¥8,678,953.91 due to increased bill payments[13]. - Prepayments increased by 166.37% to ¥69,073,270.89 from ¥25,930,980.18 due to increased advance payments for materials[13]. - Other receivables decreased by 14.70% to ¥515,893,782.28 from ¥604,808,659.69 due to the receipt of part of the relocation compensation[13]. - Short-term loans decreased by 41.67% to ¥560,000,000 from ¥960,000,000 due to changes in financing categories[13]. - Accounts receivable decreased to CNY 146,518,604.37 from CNY 171,063,583.63 year-over-year, a decline of 14.3%[22]. - Inventory increased to CNY 297,223,618.92 from CNY 287,241,655.93 year-over-year, an increase of 3.4%[22]. Operating Costs - Total operating costs for Q1 2019 were CNY 295,413,804.46, down from CNY 344,767,388.31 in Q1 2018, reflecting a reduction of 14.3%[24]. - The company's operating revenue for Q1 2019 was CNY 240,702,268.57, a decrease of 30.2% compared to CNY 345,099,633.15 in Q1 2018[27]. - Cash received from sales of goods and services in Q1 2019 was CNY 251,026,902.14, down from CNY 272,721,641.26 in Q1 2018, a decrease of 7.9%[30]. Other Income and Expenses - Non-recurring gains and losses totaled ¥94,424,640.49, primarily from the disposal of non-current assets[7]. - The company reported other income of CNY 1,310,974.99 in Q1 2019, slightly down from CNY 1,363,374.99 in Q1 2018[27]. - Financial expenses for Q1 2019 were CNY 28,018,264.32, compared to CNY 26,862,257.80 in Q1 2018, indicating an increase of 4.3%[27]. - The company incurred research and development expenses of CNY 188,679.24 in Q1 2019, with no prior year data available for comparison[27]. - The company reported an asset disposal gain of CNY 91,141,175.96 in Q1 2019, with no prior year data available for comparison[27].