山东出版(601019) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders of the listed company was ¥217,530,268.19, representing a growth of 5.20% year-on-year[7]. - Operating revenue for the period was ¥1,748,500,234.45, a decrease of 5.05% compared to the same period last year[7]. - The company reported a net profit excluding non-recurring gains and losses of ¥196,721,759.05, an increase of 16.33% year-on-year[7]. - Basic earnings per share remained stable at ¥0.10[7]. - The net profit for Q1 2019 was CNY 44,264,958.94, a decrease of 16.1% from CNY 52,716,733.26 in Q1 2018[33]. - The total comprehensive income for Q1 2019 was CNY 44,264,958.94, compared to CNY 32,835,733.26 in Q1 2018[34]. Cash Flow - The net cash flow from operating activities was -¥297,815,592.39, reflecting a decline of 18.10% year-on-year[7]. - The cash inflow from operating activities in Q1 2019 was CNY 1,535,991,506.92, down from CNY 1,965,320,158.68 in Q1 2018[35]. - The net cash flow from operating activities was -297,815,592.39, compared to -252,167,875.57 in the previous period, indicating a decline in operational cash flow[37]. - The net cash flow from investment activities was -215,610,844.16, a substantial decrease from -1,658,393,294.06 in the previous period, highlighting increased cash outflows for investments[37]. - The net cash flow from financing activities was -5,621,682.35, contrasting with a positive flow of 19,032,531.77 in the previous period, indicating challenges in financing[38]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥14,725,443,761.72, an increase of 0.91% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 4,856,008,403.65 from CNY 4,940,476,592.82[22]. - Accounts receivable increased to CNY 332,570,379.29 in Q1 2019 from CNY 213,469,765.14 in Q1 2018, showing a significant rise of 55.8%[25]. - Cash and cash equivalents decreased to CNY 1,496,048,172.89 from CNY 1,810,525,040.70, reflecting a cash flow management challenge[23]. - Total assets as of March 31, 2019, were CNY 9,666,759,611.87, a slight increase from CNY 9,635,884,693.38 at the end of 2018[27]. Operational Efficiency - Operating profit for Q1 2019 increased to CNY 221,803,307.90, compared to CNY 190,572,249.06 in Q1 2018, indicating improved operational efficiency[29]. - The operating costs for Q1 2019 were CNY 168,256,066.68, an increase from CNY 136,430,846.22 in Q1 2018[33]. - Inventory levels decreased to CNY 27,127,599.33 in Q1 2019 from CNY 45,569,042.31 in Q1 2018, indicating improved inventory turnover[25]. Shareholder Information - The number of shareholders at the end of the reporting period was 67,514[10]. - The largest shareholder, Shandong Publishing Group Co., Ltd., holds 76.81% of the shares[11]. Government Support - The company received government subsidies amounting to ¥14,893,247.88 during the reporting period[9]. Financial Adjustments - Tax payable decreased by 72.38% to CNY 17,924,348.58, primarily due to the payment of value-added tax in January[15]. - Other current liabilities increased by 617.17% to CNY 28,512,395.98, mainly due to the increase in output tax to be transferred[15]. - Financial expenses decreased by 41.14% to CNY -8,804,323.38, attributed to changes in calculated expenses[15]. - Asset impairment losses increased by 53.21% to CNY 75,207,732.30, mainly due to increased aging of certain books leading to higher inventory write-downs[15]. - Investment income decreased by 57.94% to CNY 4,692,059.75, primarily due to unexpired financial products[15]. - Non-operating income decreased by 84.08% to CNY 2,550,234.66, mainly due to compensation received by subsidiaries in the previous period[17].