Linyang Energy(SH:601222)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 154,976,634.25, an increase of 5.63% year-on-year[11]. - Operating revenue for the period was CNY 694,498,793.21, representing a year-on-year growth of 19.08%[11]. - Basic earnings per share increased by 12.50% to CNY 0.09[11]. - Total operating revenue for Q1 2019 reached ¥694,498,793.21, a 19.1% increase from ¥583,231,100.90 in Q1 2018[32]. - Net profit for Q1 2019 was ¥155,878,111.28, slightly up from ¥153,059,122.28 in Q1 2018, representing a 1.8% increase[32]. - The company reported a total profit of ¥171,761,838.81 for Q1 2019, an increase from ¥163,746,818.41 in Q1 2018[32]. - Net profit for Q1 2019 was CNY 1.76 million, a decline of 77.6% compared to CNY 7.86 million in Q1 2018[36]. - The company reported a decrease in total profit to CNY 4.87 million, down 63.5% from CNY 13.33 million in the previous year[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,300,849,672.41, a decrease of 0.96% compared to the end of the previous year[11]. - The company’s total current assets decreased to ¥6,985,237,608.68 from ¥7,076,490,017.06[22]. - Total assets decreased from CNY 17,468,564,492.57 to CNY 17,300,849,672.41, a decline of approximately 0.96%[24]. - Current liabilities decreased from CNY 2,531,061,783.00 to CNY 2,226,569,283.37, a reduction of about 12.0%[24]. - Total liabilities decreased from CNY 7,513,241,264.86 to CNY 7,192,938,483.98, a decline of approximately 4.3%[26]. - The company reported a total non-current asset of CNY 10,315,612,063.73, down from CNY 10,392,074,475.51, a decrease of approximately 0.7%[24]. - The company’s total liabilities as of Q1 2019 were ¥4,358,617,093.23, a decrease from ¥4,482,259,284.02 in the previous year[32]. - Total liabilities amounted to approximately ¥4.48 billion, with current liabilities at ¥1.43 billion and non-current liabilities at ¥3.05 billion[52]. Cash Flow - Net cash flow from operating activities was CNY 39,141,183.57, down 56.82% compared to the same period last year[11]. - Operating cash flow decreased by 56.82% to ¥39,141,183.57 primarily due to increased cash payments for goods and services[20]. - Cash flow from operating activities was CNY 39.14 million, down 56.7% from CNY 90.64 million in Q1 2018[40]. - Cash inflows from financing activities amounted to CNY 210 million, down from CNY 397.33 million in the previous year, a decline of 47.3%[44]. - The net cash flow from financing activities was CNY 133.74 million, compared to CNY 252.77 million in Q1 2018, indicating a decrease of 47.3%[44]. - The company’s cash outflows for investment activities were CNY 1.62 billion, significantly higher than CNY 979 million in Q1 2018, reflecting an increase of 65.5%[44]. Shareholder Information - The total number of shareholders at the end of the reporting period was 54,496[15]. - The largest shareholder, Qidong Huahong Electronics Co., Ltd., held 32.95% of the shares[15]. - Shareholders' equity increased from CNY 9,955,323,227.71 to CNY 10,107,911,188.43, an increase of about 1.5%[26]. - The total equity attributable to shareholders was ¥8,379,343,646.56, slightly up from ¥8,378,424,167.79 in the previous year[32]. Operational Costs and Expenses - Total operating costs for Q1 2019 were ¥541,443,212.16, up 23% from ¥440,697,106.48 in Q1 2018[32]. - R&D expenses in Q1 2019 amounted to ¥27,541,742.37, a significant increase of 58.2% compared to ¥17,407,937.98 in Q1 2018[32]. - The company's financial expenses for Q1 2019 were ¥79,631,989.06, up from ¥75,638,464.98 in Q1 2018[32]. - Total operating costs for Q1 2019 were CNY 292.23 million, an increase of 50.2% from CNY 194.54 million in Q1 2018[36].