创业环保(600874) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased to RMB 9,338.6 million, down 14.7% year-on-year[11] - Operating revenue for the period reached RMB 59,263.4 million, representing a 20.22% increase compared to the same period last year[11] - The company reported a decrease in net profit attributable to shareholders after deducting non-recurring gains and losses, which was RMB 9,469.6 million, down 12.3% year-on-year[11] - Basic earnings per share decreased to RMB 0.065, down 15.58% from the same period last year[11] - Operating profit for Q1 2019 was 129,846 thousand RMB, down 12.3% from 148,047 thousand RMB in Q1 2018[35] - Net profit for Q1 2019 was 97,454 thousand RMB, a decrease of 13.8% compared to 113,090 thousand RMB in Q1 2018[35] - The net profit for the first quarter of 2019 was CNY 40,046,000, a decrease of 34.3% compared to CNY 60,872,000 in the same period of 2018[38] - Operating profit for the first quarter was CNY 55,774,000, down 31.9% from CNY 81,820,000 year-over-year[38] Assets and Liabilities - Total assets increased to RMB 1,603,324.8 million, up 2.20% from the end of the previous year[11] - Total liabilities increased to RMB 946,401 million, up 4.32% from the end of the previous year[16] - The company's total assets as of March 31, 2019, amounted to 16,033,248 million, up from 15,687,448 million at the end of 2018[24] - The total liabilities increased to 9,464,012 million in Q1 2019, compared to 9,072,481 million in the previous year[26] - The company’s total equity as of March 31, 2019, was 6,569,236 million, slightly down from 6,614,967 million at the end of 2018[26] Cash Flow - Net cash flow from operating activities improved significantly to RMB 20,693.1 million, a 366.39% increase from the previous year[11] - The cash flow from operating activities showed a net inflow of CNY 206,931,000, a significant improvement from a net outflow of CNY 77,680,000 in the previous year[42] - Cash inflow from operating activities reached 691,543, a significant increase from 310,370 in the same quarter last year, representing a growth of 122.3%[46] - Net cash flow from operating activities was 187,244, compared to a negative 37,457 in the first quarter of the previous year, indicating a strong turnaround[46] - Cash outflow from investment activities totaled 257,662, a decrease from 492,905 year-over-year, reflecting a reduction in investment expenditures[46] - Cash inflow from financing activities was 335,679, down from 700,000 in the previous year, indicating a decrease in borrowing[46] - The ending balance of cash and cash equivalents was 587,772, down from 941,062 at the end of the previous year, indicating a liquidity contraction[49] Expenses - Research and development expenses decreased by 47.58% to 155.1 million, primarily due to the payment of bonuses in the previous year[19] - The company reported a decrease in other income by 39.82% to 1,727.0 million, attributed to lower VAT refunds compared to the previous year[19] - The company incurred financial expenses of CNY 37,098,000, an increase of 21.1% from CNY 30,615,000 in the same quarter of 2018[38] - The company’s tax expenses for the quarter were CNY 13,349,000, a decrease of 34.3% compared to CNY 20,290,000 in the first quarter of 2018[38] - The company’s management expenses increased by 32.43% to 3,395.2 million, due to the formal operation of several subsidiaries[19] Shareholder Information - The number of shareholders reached 91,500, with the largest shareholder holding 50.14% of the shares[13] - Government subsidies recognized in the current period amounted to RMB 58.7 million[11]