BROS(SH:601339)2019-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,518,394,221.34, representing a year-on-year growth of 13.07%[10] - Net profit attributable to shareholders increased by 39.85% to CNY 122,801,475.55 compared to the same period last year[10] - Basic earnings per share rose by 33.33% to CNY 0.08 compared to CNY 0.06 in the same period last year[10] - The company reported a net profit of CNY 36,285,789.12 after tax adjustments[15] - The net profit after deducting non-recurring gains and losses was CNY 86,515,686.43, an increase of 9.03% year-on-year[10] - Total operating revenue for Q1 2019 was CNY 1,518,394,221.34, an increase of 13.06% compared to CNY 1,342,829,787.28 in Q1 2018[43] - Net profit for Q1 2019 reached CNY 122,801,475.55, compared to CNY 87,811,647.89 in Q1 2018, representing a growth of 39.77%[43] - The company reported an investment income of CNY 62,184,809.28 for Q1 2019, compared to CNY 32,564,706.95 in Q1 2018, showing an increase of 90.93%[43] Assets and Liabilities - Total assets increased by 15.31% to CNY 15,578,243,184.61 compared to the end of the previous year[10] - The company's cash and cash equivalents increased by 95.13% to RMB 2,252,052,797.47 compared to the end of the previous year, primarily due to the growth in bank borrowings[22] - Accounts receivable and notes receivable rose by 47.64% to RMB 697,236,812.71, driven by an increase in sales volume[22] - Current assets increased to ¥8,252,242,076.92 from ¥6,562,915,088.85, representing a growth of approximately 25.7% year-over-year[29] - Total liabilities rose to ¥7,789,796,921.47 from ¥5,776,854,258.53, which is an increase of approximately 35%[33] - The company's total liabilities increased significantly, with long-term borrowings rising by 193.70% to RMB 398,872,350.00[22] - Total liabilities increased to CNY 4,805,768,797.09 from CNY 4,210,138,367.35, marking a rise of 14.14%[40] Cash Flow - The net cash flow from operating activities was negative at CNY -353,343,603.61, worsening from CNY -126,694,961.67 in the previous year[10] - The company reported a net cash outflow from operating activities of RMB -353,343,603.61, a decline of RMB 226,648,641.94 compared to the same period last year, mainly due to increased raw cotton purchases[25] - Cash inflow from investment activities totaled 1,225,705,277.81 RMB, down from 1,815,494,405.77 RMB year-over-year[56] - The net cash flow from investment activities was 88,690,111.21 RMB, a significant recovery from -364,124,693.54 RMB in the previous year[56] - The total cash inflow from operating activities was 815,801,862.82 RMB, down from 888,790,826.19 RMB year-over-year[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,991[16] - The largest shareholder, New National Investment Development Co., Ltd., holds 29.72% of the shares[16] - The company’s equity attributable to shareholders rose to ¥7,788,446,263.14 from ¥7,733,564,821.48, indicating a slight increase of approximately 0.7%[33] Investment and Expenditures - Investment income surged by 90.96% to RMB 62,184,809.28, resulting from higher returns from associated companies[25] - The construction in progress rose by 75.30% to RMB 986,166,820.15, primarily due to increased expenditures for factory expansion in Vietnam[22] - Research and development expenses for Q1 2019 were CNY 24,649,905.48, down from CNY 31,814,033.03 in Q1 2018, indicating a decrease of 22.56%[43] Financial Adjustments - The implementation of new financial instrument standards has led to adjustments in the financial statements, impacting the classification of certain assets and liabilities[74]