福成股份(600965) - 2019 Q1 - 季度财报

Important Notice Statement on Report Truthfulness The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or material omissions, and assume corresponding legal liabilities; this quarterly report has not been audited - Company management confirms the truthfulness, accuracy, and completeness of this quarterly report[6] - This company's Q1 2019 report is unaudited[6] Company Overview Key Financial Data In Q1 2019, the company reported modest revenue and net profit growth, but experienced a significant decline in net cash flow from operating activities 2019 Q1 Key Financial Indicators | Indicator | Current Period | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (million yuan) | 362.72 | 353.32 | 2.66% | | Net Profit Attributable to Shareholders (million yuan) | 38.80 | 36.28 | 6.95% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains/Losses (million yuan) | 37.70 | 35.84 | 5.19% | | Net Cash Flow from Operating Activities (million yuan) | 32.99 | 49.29 | -33.07% | | Basic Earnings Per Share (yuan/share) | 0.05 | 0.04 | 25.00% | | Weighted Average Return on Net Assets (%) | 1.96% | 1.94% | Increased by 0.02 percentage points | Non-recurring Gains and Losses Items | Item | Current Period Amount (yuan) | Description | | :--- | :--- | :--- | | Government Grants | 710,000.00 | Technology innovation subsidies and special grants | | Gains/Losses from Financial Assets | 478,596.49 | Fair value changes from held-for-trading financial assets, etc | | Net Non-operating Income and Expenses | 84,059.12 | - | | Gains/Losses on Disposal of Non-current Assets | -76,313.74 | - | | Income Tax Impact | -256,888.18 | - | | Total | 1,106,060.52 | - | Shareholder Information As of the reporting period end, the company had 19,290 shareholders, with the top shareholders, including Fucheng Investment Group, forming a significant controlling group - As of the reporting period end, the company's total number of shareholders was 19,290[13] Top Three Shareholders' Shareholding Status | Shareholder Name | Number of Shares Held (million shares) | Shareholding Ratio (%) | | :--- | :--- | :--- | | Fucheng Investment Group Co., Ltd. | 290.70 | 35.51 | | Li Fucheng | 128.14 | 15.65 | | Sanhe Fusheng Investment Co., Ltd. | 73.80 | 9.01 | - Fucheng Investment Group Co., Ltd., Li Fucheng, Li Gaosheng, and Sanhe Fusheng Investment Co., Ltd. among the top ten shareholders constitute parties acting in concert[14] Significant Matters Analysis of Significant Changes in Key Financial Statement Items and Indicators During the reporting period, significant changes in financial statement items included increases in other receivables and construction in progress, decreases in advances from customers and taxes payable, and a notable decline in net cash flow from operating activities - Other receivables increased by 37.29% at period-end compared to the beginning of the period, primarily due to an increase in intercompany receivables, deposits, and petty cash[15] - Construction in progress increased by 33.78% at period-end compared to the beginning of the period, mainly due to increased construction projects at the subsidiary's catering company[15] - Advances from customers decreased by 34.89%, taxes payable decreased by 61.45%, and other current assets decreased by 69.48% at period-end compared to the beginning of the period[15] - Net cash flow from operating activities decreased by 33.07% year-on-year, primarily due to an increase in other cash receipts and payments related to operating activities compared to the same period last year[15] Appendix Financial Statements This appendix contains the company's unaudited consolidated and parent company financial statements for Q1 2019, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2019, the company's total assets remained stable, while total liabilities decreased and equity attributable to owners of the parent company increased slightly Consolidated Balance Sheet Key Items | Item | March 31, 2019 (billion yuan) | December 31, 2018 (billion yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 2.81 | 2.81 | -0.08% | | Total Liabilities | 0.69 | 0.74 | -5.75% | | Equity Attributable to Owners of the Parent Company | 1.99 | 1.96 | 1.98% | Parent Company Balance Sheet As of March 31, 2019, the parent company's total assets and liabilities showed slight increases, maintaining a relatively stable balance sheet structure Parent Company Balance Sheet Key Items | Item | March 31, 2019 (billion yuan) | December 31, 2018 (billion yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 2.79 | 2.76 | 0.95% | | Total Liabilities | 1.16 | 1.13 | 2.17% | | Total Shareholders' Equity | 1.63 | 1.63 | 0.11% | Consolidated Income Statement In Q1 2019, the company achieved modest growth in total operating revenue and net profit attributable to parent company shareholders, despite a slight decrease in operating profit Consolidated Income Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 362.72 | 353.32 | 2.66% | | Operating Profit | 47.41 | 49.26 | -3.76% | | Total Profit | 47.54 | 49.43 | -3.82% | | Net Profit Attributable to Parent Company Shareholders | 38.80 | 36.28 | 6.95% | Parent Company Income Statement In Q1 2019, the parent company's operating revenue saw a slight increase, successfully turning operating and net profit from a loss to a gain compared to the prior year Parent Company Income Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 240.00 | 234.39 | 2.40% | | Operating Profit | 1.72 | -2.84 | Turned loss into profit | | Net Profit | 1.72 | -2.80 | Turned loss into profit | Consolidated Cash Flow Statement In Q1 2019, consolidated net cash flow from operating activities significantly decreased, with net cash outflows from both investing and financing activities, leading to a slight reduction in cash and cash equivalents Consolidated Cash Flow Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 32.99 | 49.29 | -33.07% | | Net Cash Flow from Investing Activities | -11.05 | -7.66 | - | | Net Cash Flow from Financing Activities | -22.39 | 41.50 | - | | Net Increase in Cash and Cash Equivalents | -0.68 | 82.45 | - | Parent Company Cash Flow Statement In Q1 2019, the parent company demonstrated strong growth in net cash flow from operating activities, resulting in a substantial increase in cash and cash equivalents Parent Company Cash Flow Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 62.64 | 6.98 | 797.3% | | Net Cash Flow from Investing Activities | -4.74 | -7.14 | - | | Net Cash Flow from Financing Activities | -2.23 | 41.50 | - | | Net Increase in Cash and Cash Equivalents | 55.66 | 41.34 | 34.6% |