HHI(SH:601226)2019-04-25 16:00Financial Performance - Operating revenue rose by 26.79% to ¥1,223,899,473.98 year-on-year[12] - Net profit attributable to shareholders decreased by 22.97% to -¥27,792,996.48 compared to the same period last year[12] - The company reported a basic earnings per share of -¥0.0240, an improvement of 23.08% year-on-year[12] - Total operating revenue for Q1 2019 was CNY 1,223,899,473.98, an increase of 27% compared to CNY 965,321,899.19 in Q1 2018[36] - Net profit for Q1 2019 was CNY -27,690,461.92, an improvement from CNY -35,984,155.33 in Q1 2018[38] - The company reported an investment income of CNY 5,276,298.78 for Q1 2019, compared to CNY 4,166,451.28 in Q1 2018[38] Assets and Liabilities - Total assets increased by 2.31% to ¥8,261,732,207.46 compared to the end of the previous year[12] - Total assets as of March 31, 2019, amounted to 8.262 billion RMB, an increase from 8.075 billion RMB at the end of 2018[30] - The company's total assets as of March 31, 2019, were CNY 8,261,732,207.46, compared to CNY 8,074,968,027.96 at the end of 2018[32] - Total liabilities increased to CNY 4,699,336,556.39 in Q1 2019 from CNY 4,485,497,930.87 at the end of 2018[32] - The company reported a total current liability of 4.673 billion RMB as of March 31, 2019, compared to 4.457 billion RMB at the end of 2018[30] - Total liabilities amounted to approximately ¥4.49 billion, with current liabilities at ¥4.46 billion and non-current liabilities at ¥28.5 million[53] Cash Flow - Net cash flow from operating activities improved by 60.21% to -¥154,230,502.21 compared to the previous year[12] - Cash inflow from operating activities reached CNY 1,227,665,459.94, up from CNY 990,339,260.94 in Q1 2018, representing a growth of approximately 24%[43] - Net cash flow from operating activities was negative CNY 154,230,502.21, an improvement from negative CNY 387,647,835.12 in the same period last year[43] - Cash inflow from investment activities totaled CNY 252,555,479.45, significantly higher than CNY 548.12 in Q1 2018[43] - Cash inflow from financing activities was CNY 10,000,000.00, a decrease from CNY 260,000,000.00 in Q1 2018[46] - Net cash flow from financing activities was negative CNY 9,302,081.23, contrasting with a positive CNY 240,994,337.66 in the same quarter last year[46] Shareholder Information - The number of shareholders reached 48,208 at the end of the reporting period[12] - The largest shareholder, China Huadian Corporation, holds 63.13% of the shares[12] - The total equity attributable to shareholders was CNY 3,534,054,179.98 as of March 31, 2019, down from CNY 3,561,231,160.55 at the end of 2018[32] - Total equity attributable to shareholders reached approximately ¥3.56 billion, with total equity including minority interests at approximately ¥3.59 billion[53] Research and Development - Research and development expenses increased by 41.72% to ¥37,132,278.79 compared to the previous year[19] - Research and development expenses for Q1 2019 were CNY 37,132,278.79, compared to CNY 26,200,425.36 in Q1 2018, indicating a 42% increase[36] - The company is actively developing new businesses such as offshore wind power and noise control to adapt to national energy industry trends[27] Acquisitions and Investments - The company is in the process of acquiring 100% equity of Huadian Zhengzhou Mechanical Design Institute, pending due diligence and approvals[23] - The company has implemented new financial instrument standards effective January 1, 2019, with no changes to the balance sheet items at the beginning of the year[57] - The company has not made any retrospective adjustments for prior comparative data under the new financial instrument and lease standards[58] Other Financial Information - Other income, including government subsidies, increased by 38.39% to ¥2,094,602.08 compared to the previous year[19] - The company reported a total of approximately ¥953.81 million in undistributed profits[55] - The company has not provided an audit report for the first quarter of 2019[60]