THDB(SH:600867)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 0.06% to CNY 273,802,171.73 year-on-year[4] - Operating income for the period was CNY 714,283,193.94, a decrease of 0.70% compared to the same period last year[4] - Basic earnings per share decreased by 18.75% to CNY 0.13[4] - The weighted average return on equity decreased by 0.24 percentage points to 5.63%[4] - Total operating revenue for Q1 2019 was CNY 714,283,193.94, a decrease of 0.07% compared to CNY 719,333,870.18 in Q1 2018[21] - Total operating costs for Q1 2019 were CNY 403,357,866.23, down from CNY 408,107,071.74 in Q1 2018, reflecting a cost reduction strategy[21] - Gross profit for Q1 2019 was CNY 310,925,327.71, resulting in a gross margin of approximately 43.5%[21] - Net profit for Q1 2019 was CNY 319,054,870.06, slightly up from CNY 318,913,469.79 in Q1 2018[21] - Net profit for Q1 2019 was CNY 260,068,425.99, up from CNY 257,448,028.78 in Q1 2018, reflecting a growth of 0.6%[24] - The total comprehensive income for Q1 2019 was CNY 260,068,425.99, compared to CNY 257,448,028.78 in Q1 2018, reflecting a growth of 0.6%[24] Cash Flow and Liquidity - Net cash flow from operating activities increased by 130.96% to CNY 390,885,484.95 compared to the same period last year[4] - Cash and cash equivalents increased by 115.70% from CNY 355,982,869.77 to CNY 767,859,583.39 due to sales returns from insulin and increased bank loans[8] - The company reported a net cash flow from operating activities of CNY 390,885,484.95 in Q1 2019, significantly higher than CNY 169,243,950.35 in Q1 2018, marking an increase of 130.7%[26] - The company's total cash inflow from operating activities reached CNY 645,942,782.43, compared to CNY 506,339,028.64 in the same period last year, marking an increase of about 27%[28] - The cash outflow for purchasing goods and services was CNY 68,142,918.96, significantly lower than CNY 178,701,311.53 in Q1 2018, reflecting a decrease of approximately 62%[28] - The company reported a net increase in cash and cash equivalents of CNY 411,876,713.62 for Q1 2019, compared to CNY 140,074,010.28 in Q1 2018, which is an increase of about 194%[27] Assets and Liabilities - Total assets increased by 9.94% to CNY 6,006,384,524.82 compared to the end of the previous year[4] - Total assets increased from CNY 5,463,327,133.96 to CNY 6,006,384,524.82, marking a significant growth in the company's financial position[14] - Total liabilities rose from CNY 729,058,498.72 to CNY 998,727,349.05, indicating increased borrowing[15] - The company's total equity increased from CNY 4,734,268,635.24 to CNY 5,007,657,175.77, reflecting retained earnings growth[15] - The company's inventory decreased from CNY 901,024,479.80 to CNY 825,310,431.64, indicating improved inventory management[13] - Total liabilities rose to CNY 914,538,280.38 from CNY 628,936,506.45, an increase of approximately 45.4%[18] - Shareholders' equity increased to CNY 4,982,030,246.03 from CNY 4,721,961,820.04, representing a growth of about 5.5%[19] Shareholder Information - The number of shareholders at the end of the reporting period was 89,522[6] - The largest shareholder, Dongbao Industrial Group Co., Ltd., holds 38.95% of the shares[6] Government Support and Non-Recurring Items - The company received government subsidies closely related to normal business operations amounting to CNY 335,418.59[5] - The company reported a non-recurring gain of CNY 3,256,017.37 for the period[5] Research and Development - Research and development expenses for Q1 2019 were CNY 18,505,908.09, slightly down from CNY 19,552,775.90 in Q1 2018, a decrease of 5.4%[23] - The company reported development expenditures of CNY 149,248,877.43, indicating ongoing investment in R&D[32] Financial Expenses - Financial expenses amounted to CNY 6,478,628.44, reflecting an increase due to bank loan interest payments[9] - The financial expenses for Q1 2019 were CNY 6,545,104.73, compared to a financial income of CNY -367,869.99 in Q1 2018, indicating a significant shift in financial performance[23]