FIRMACO(SH:600967)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 126.96% to CNY 137,005,880.73 year-on-year[11] - Operating revenue rose by 9.03% to CNY 1,673,977,540.30 compared to the same period last year[11] - Basic earnings per share increased by 125.00% to CNY 0.081 compared to the same period last year[11] - The weighted average return on net assets improved by 109.09% to 1.61% compared to the previous year[11] - Net profit for Q1 2019 reached CNY 138,305,778.30, representing a significant increase of 127.36% from CNY 60,708,885.37 in Q1 2018[49] - Total profit for Q1 2019 was CNY 161,611,668.99, up from CNY 67,989,185.27 in Q1 2018, showing an increase of 137.56%[47] - Total comprehensive income for the first quarter of 2019 was approximately CNY 134.73 million, compared to CNY 57.75 million in the same period of 2018, indicating a significant increase[54] Assets and Liabilities - Total assets increased by 4.40% to CNY 21,224,341,309.49 compared to the end of the previous year[11] - The company's total liabilities decreased by 1.97% to CNY 2,108,837,232.92 compared to the previous year-end[23] - Current liabilities rose to ¥12,055,220,040.54 from ¥11,313,918,531.46, an increase of about 6.5%[33] - Total liabilities reached ¥12,565,095,786.17, up from ¥11,815,104,465.10, representing an increase of about 6.3%[33] - The company's total assets amounted to CNY 20,035,512,373.57, an increase from CNY 19,175,954,717.95 in the previous year[43] Cash Flow - Net cash flow from operating activities decreased by 31.24% to CNY 832,836,370.02 compared to the previous year[11] - Net cash flow from operating activities for Q1 2019 was CNY 832.84 million, down 31.2% from CNY 1.21 billion in Q1 2018[59] - Cash inflow from investment activities totaled CNY 413.55 million, a substantial increase from CNY 6.14 million in Q1 2018[60] - Net cash flow from financing activities was CNY 60.63 million, compared to a negative CNY 109.89 million in the same period last year, showing a recovery[66] - The company reported a net increase in cash and cash equivalents of CNY 1.19 billion for Q1 2019, compared to CNY 1.08 billion in Q1 2018[60] Shareholder Information - The total number of shareholders reached 50,208 by the end of the reporting period[17] - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., holds 51.68% of the shares[17] Inventory and Expenses - The total inventory rose by 5.88% to CNY 2,209,734,537.83 compared to the previous year-end[23] - The company's financial expenses increased by 151.91% to CNY -94,522,946.56 due to higher interest from structured deposits[23] - The company's income tax expense increased by 220.12% to CNY 23,305,890.69 due to higher profits[23] - Total operating costs for Q1 2019 were CNY 1,530,095,285.94, up from CNY 1,468,062,559.24 in Q1 2018, reflecting a year-over-year increase of 4.24%[47] Other Financial Metrics - The company reported a non-operating income of CNY 14,958,834.93 from various sources[16] - The investment income surged by 2653.61% to CNY 17,585,407.33 compared to the same period last year[23] - Research and development expenses for Q1 2019 were CNY 37,385,622.78, slightly down from CNY 38,483,620.55 in Q1 2018[47] - The total equity attributable to shareholders increased to CNY 8,450,294,263.81 from CNY 8,310,480,971.59, reflecting a growth of 1.68%[43] Cash and Cash Equivalents - The company's cash and cash equivalents increased by 12.89% to CNY 9,936,592,318.21 compared to the end of the previous year[23] - Cash and cash equivalents reached ¥8,677,870,912.94, compared to ¥7,435,708,657.92, reflecting a growth of approximately 16.7%[38] - The ending balance of cash and cash equivalents increased to CNY 7.64 billion, up from CNY 6.14 billion at the end of Q1 2018[60]