2019-04-29 16:00Financial Performance - Operating revenue decreased by 8.93% to CNY 2,115,080,714.00 compared to the same period last year [24]. - Net profit attributable to shareholders decreased by 6.25% to CNY 44,955,415.92 compared to the same period last year [24]. - Basic earnings per share decreased by 6.17% to CNY 0.0456 compared to the same period last year [24]. - The company reported a significant decrease of 83.17% in net profit after deducting non-recurring gains and losses, amounting to CNY 7,896,075.22 [24]. - The company anticipates significant changes in net profit compared to the previous year, with no specific guidance provided for future performance [40]. - Net profit for Q1 2019 was CNY 12,034,903.87, compared to CNY 7,499,620.87 in Q1 2018, representing an increase of 60.5% [58]. - Net profit for Q1 2019 was CNY 27,573,766.31, down 50.2% from CNY 55,407,525.44 in Q1 2018 [63]. - Total comprehensive income for Q1 2019 was CNY 27,573,766.31, significantly lower than CNY 55,407,525.44 in Q1 2018 [65]. Cash Flow - Net cash flow from operating activities improved significantly to CNY 197,909,701.91 from a negative CNY 626,669,095.78 in the previous year [24]. - The net cash flow from operating activities increased to ¥197,909,701.91, compared to a negative cash flow of ¥626,669,095.78 in the previous period, indicating a significant recovery [69]. - The company experienced a net cash inflow from operating activities of CNY 1,420,917,146.97 in Q1 2019, compared to CNY 1,558,243,409.59 in Q1 2018 [65]. - Total cash inflow from investing activities was ¥300,434,310.11, down from ¥872,323,025.26, reflecting a decrease in investment recovery [69]. - Cash outflow from investing activities rose to ¥386,803,458.36, compared to ¥199,663,722.16, resulting in a net cash flow from investing activities of -¥86,369,148.25, a decline from the previous period's positive cash flow [69]. - Cash paid for purchasing goods and services decreased to ¥893,994,073.91 from ¥1,169,971,608.30, indicating cost management efforts [70]. Assets and Liabilities - Total assets increased by 6.22% to CNY 13,958,019,006.90 compared to the end of the previous year [21]. - Current assets increased to ¥8,521,818,473.96 from ¥7,532,432,255.80, representing a growth of approximately 13.2% year-over-year [43]. - Total liabilities increased to ¥9,266,135,553.40 from ¥8,484,665,985.63, reflecting a rise of about 9.2% [49]. - The company's total receivables and accounts receivable increased by 63.36% to RMB 1,518,389,631.81 from RMB 929,490,438.84 due to increased bill settlements and credit sales [32]. - Total assets rose to CNY 11,137,656,779.98 from CNY 10,673,688,201.82, an increase of 4.3% [58]. - Total liabilities increased to CNY 6,921,706,735.96 from CNY 6,485,311,924.11, showing a growth of 6.7% [58]. Shareholder Information - The total number of shareholders reached 28,568, with 28,204 being A-share shareholders [28]. - The largest shareholder, China Yitu Group Co., Ltd., holds 41.66% of the shares [28]. - The company's equity attributable to shareholders increased to ¥4,046,709,321.43 from ¥4,007,081,663.62, a growth of approximately 1.0% [49]. Expenses and Financial Management - The company reported a 66.59% increase in interest expenses, totaling RMB 9,809,137.02 compared to RMB 5,888,089.17 in the previous year [34]. - The company’s financial expenses surged by 161.87% to RMB 23,808,240.18 from RMB 9,091,543.17, influenced by exchange rate fluctuations [34]. - Research and development expenses for Q1 2019 amounted to CNY 71,799,584.34, down from CNY 81,691,035.32 in Q1 2018, indicating a reduction of 12.1% [58]. - Research and development expenses for Q1 2019 were CNY 40,079,111.05, slightly up from CNY 39,514,708.69 in Q1 2018 [62]. Investment Activities - Investment income increased by 60.37% to RMB 24,541,305.16 from RMB 15,303,129.50, primarily due to the disposal of a subsidiary [34]. - The company completed the transfer of 93.39% equity and debt of a subsidiary, enhancing its asset management strategy [37]. - The company experienced a significant drop in cash received from investment recoveries, totaling ¥276,500,000.00 compared to ¥850,000,000.00 in the previous period, highlighting challenges in investment performance [69].