雪天盐业(600929) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue rose by 8.52% to CNY 541,569,915.68 year-on-year[10] - Net profit attributable to shareholders decreased by 7.34% to CNY 41,658,939.70 compared to the same period last year[10] - The company’s net profit after deducting non-recurring gains and losses was CNY 41,688,170.85, a decrease of 5.64% year-on-year[10] - The total profit for the first quarter was RMB 5,435,000, a decrease of 8.55% year-on-year, with net profit at RMB 4,659,000, down 8.36% year-on-year, mainly due to a 4.34% decline in gross profit margin[15] - Total operating revenue for Q1 2019 was 541,569,915.68, an increase of 8.5% compared to 499,071,230.09 in Q1 2018[34] - Net profit for Q1 2019 was 46,591,441.00, a decrease of 8.8% from 50,839,768.84 in Q1 2018[35] - The company reported a total comprehensive income of 45,711,441.00 for Q1 2019, down from 50,858,768.84 in Q1 2018[35] - The company's operating revenue for Q1 2019 was CNY 167,322,990.92, a decrease of 12.3% compared to CNY 190,917,915.27 in Q1 2018[37] - The net profit for Q1 2019 was a loss of CNY 2,633,186.21, compared to a profit of CNY 9,248,151.50 in Q1 2018, indicating a significant decline[37] - The total comprehensive income for Q1 2019 was CNY -3,396,186.21, compared to CNY 9,267,151.50 in Q1 2018, reflecting a substantial drop[39] Assets and Liabilities - Total assets increased by 4.57% to CNY 3,736,986,799.94 compared to the end of the previous year[10] - Cash and cash equivalents increased by 54.80% to RMB 397,596,460.19 compared to the beginning of the year, attributed to a decrease in receivables and an increase in borrowings[16] - The company's total current liabilities decreased to CNY 574,173,526.09 from CNY 771,404,566.34, indicating a reduction of approximately 25.5%[28] - The company's total liabilities increased to CNY 1,124,545,320.65 from CNY 1,010,458,586.49, representing an increase of approximately 11.3%[29] - Long-term borrowings increased to CNY 413,500,000.00 from CNY 107,000,000.00, showing a significant rise of about 286%[29] - The total liabilities amounted to approximately $372.26 million, with current liabilities at $267.53 million and non-current liabilities at $104.73 million[55] - The company has a total of $135 million in non-current liabilities due within one year, reflecting short-term financial obligations[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 58,106[13] - The largest shareholder, Hunan Light Industry Salt Industry Group Co., Ltd., holds 59.84% of the shares[13] - The total equity attributable to shareholders rose to CNY 2,432,534,942.34 from CNY 2,388,361,140.03, marking an increase of approximately 1.85%[29] - Shareholders' equity totaled approximately $2.30 billion, with paid-in capital at $917.75 million and retained earnings at $544.47 million[55] Cash Flow - Net cash flow from operating activities surged by 1,152.22% to CNY 76,219,727.14 year-to-date[10] - The cash inflow from operating activities totaled CNY 436,320,362.59 in Q1 2019, down from CNY 585,189,050.67 in Q1 2018, a decrease of 25.4%[42] - The cash outflow from operating activities was CNY 360,100,635.45 in Q1 2019, compared to CNY 579,102,259.93 in Q1 2018, indicating a reduction of 37.8%[42] - The company reported a net cash outflow from investing activities of CNY -87,596,391.03 in Q1 2019, compared to CNY -35,819,572.53 in Q1 2018, reflecting a worsening investment position[42] Comprehensive Income - The company's other comprehensive income showed a decrease of 30.37%, mainly due to increased actuarial costs for certain personnel[19] - Other comprehensive income attributable to the parent company was -880,000.00 in Q1 2019, compared to 19,000.00 in Q1 2018[35] - The company reported other comprehensive income of -$2.75 million, indicating a negative impact on equity[55] Research and Development - Research and development expenses for Q1 2019 were 14,951,796.49, compared to 14,783,331.36 in Q1 2018, reflecting a slight increase[34] - Research and development expenses for Q1 2019 were CNY 6,119,178.53, up from CNY 5,355,191.59 in Q1 2018, showing a 14.3% increase[37] Management and Operations - The company entered into a management agreement to oversee the operations of Chongqing Yihua Chemical Co., receiving RMB 3,000,000 annually for this service[22] - The company reported a decrease in asset impairment losses by 147.72%, indicating a reduction in the amount of impairment recognized[20] Financial Standards and Adjustments - The company has implemented new financial instrument standards, which did not impact total assets, liabilities, or net profit[58] - The company adjusted the classification of equity instrument investments to "financial assets measured at fair value with changes recognized in profit or loss"[58] - The company has not reported any impact on total assets or profits from the new leasing standards[58]