BURTC(SH:600861)2019-04-29 16:00Financial Performance - Operating revenue for the period was RMB 555,123,760.25, representing a year-on-year increase of 1.02%[11] - Net profit attributable to shareholders was RMB 12,817,160.59, down 27.74% from the previous year[11] - Basic and diluted earnings per share were both RMB 0.0405, down 27.68% year-on-year[11] - The net profit margin for Q1 2019 was approximately 2.5%, compared to 4.8% in Q1 2018, reflecting a decrease in profitability[41] - The company's operating revenue for Q1 2019 was approximately ¥199.35 million, a decrease of 4.2% compared to ¥209.44 million in Q1 2018[46] - The net profit for Q1 2019 was approximately ¥25.44 million, representing an increase of 60.5% from ¥15.88 million in Q1 2018[46] - The total profit for Q1 2019 was approximately ¥29.95 million, an increase of 41.5% compared to ¥21.17 million in Q1 2018[46] Cash Flow - Cash flow from operating activities was RMB 29,174,293.81, a decrease of 19.74% compared to the same period last year[11] - Net cash flow from operating activities was ¥29,174,293.81, down from ¥36,351,775.86[53] - Net cash flow from investing activities was RMB -46,739,495.65, a decrease of 78.84% year-on-year, primarily due to payments for renovation projects[22] - Cash flow from financing activities resulted in a net outflow of -¥2,971,943.13, compared to -¥74,235,131.51 previously[55] Assets and Liabilities - Total assets at the end of the reporting period were RMB 3,705,705,083.54, a decrease of 1.00% compared to the end of the previous year[11] - Total current assets as of March 31, 2019, were RMB 1,083,384,737.23, a slight decrease from RMB 1,106,198,293.71 at the end of 2018[26] - Total non-current assets as of March 31, 2019, were RMB 2,622,320,346.31, down from RMB 2,637,002,635.58 at the end of 2018[30] - Total liabilities as of March 31, 2019, were RMB 1,245,973,510.49, a decrease from RMB 1,299,043,956.32 at the end of 2018[32] - Total assets decreased from CNY 3,068,270,653.76 to CNY 3,046,899,456.16, a decline of about 0.7%[41] - Total liabilities decreased from CNY 874,860,060.22 to CNY 826,431,108.65, a reduction of approximately 5.5%[39] Shareholder Information - The number of shareholders at the end of the reporting period was 25,175[12] - The largest shareholder, Beijing State-owned Capital Management Center, held 34.23% of the shares[12] Expenses - Selling expenses for the period were RMB 80,226,832.33, an increase of 57.35% year-on-year, mainly due to the opening of new convenience stores by subsidiary Yiyiba Life Supermarket, leading to higher operating costs[21] - The company reported a significant increase in sales expenses, rising from CNY 50,987,303.21 to CNY 80,226,832.33, an increase of about 57.5%[41] Other Income and Investments - Other income for the period was RMB 305,650.00, a significant increase of 305,330.02 compared to the same period last year, primarily due to subsidies received by subsidiaries[21] - Investment income for the period was RMB 0.00, a decrease of 100.00% year-on-year, mainly due to the previous year's income from bank wealth management products[21] - The company reported a significant increase in investment income, reaching approximately ¥11.92 million in Q1 2019 compared to ¥0.10 million in Q1 2018[46] Accounting and Compliance - The company has not made retrospective adjustments to prior financial statements due to the adoption of new financial standards[74] - The company is in compliance with the revised accounting standards issued by the Ministry of Finance in 2017, ensuring accurate financial reporting[74] - The company has not issued an audit report for the current period, indicating a focus on internal assessments[76]