Workflow
中信重工(601608) - 2019 Q1 - 季度财报
CHICCHIC(SH:601608)2019-04-25 16:00

Financial Performance - Operating revenue for the period was CNY 1,063,654,949.18, representing an increase of 18.70% year-on-year [4]. - Net profit attributable to shareholders was CNY 13,729,990.38, a significant increase of 1,170.19% compared to the same period last year [4]. - Basic earnings per share were CNY 0.0032, an increase of 966.67% year-on-year [4]. - The company reported a net profit of CNY 826,430.40 after deducting non-recurring gains and losses, compared to a loss of CNY 41,662,079.80 in the previous year [4]. - Net profit rose by 82.58% to $15,377,106.53 compared to $8,422,000.16 in the previous period, driven by improved operational performance [11]. - Total operating revenue for Q1 2019 was CNY 1,063,654,949.18, an increase of 18.7% compared to CNY 896,065,084.86 in Q1 2018 [20]. - Net profit for Q1 2019 reached CNY 15,377,106.53, compared to CNY 8,422,000.16 in Q1 2018, representing an increase of 82.5% [21]. - Total comprehensive income for Q1 2019 was CNY 8,585,295.09, compared to CNY 5,080,625.55 in Q1 2018, indicating a growth of 69.3% [21]. Cash Flow - The net cash flow from operating activities was CNY -251,162,700.51, compared to CNY -157,089,105.83 in the previous year [4]. - Cash received from operating activities decreased by 32.22% to $141,200,123.81 from $208,307,659.34, indicating lower interest income received [12]. - Cash flow from operating activities showed a net outflow of CNY 251,162,700.51, compared to a net outflow of CNY 157,089,105.83 in Q1 2018 [25]. - Total cash inflow from operating activities was 816,190,943.25 RMB, compared to 749,756,636.74 RMB in Q1 2018, representing an increase of approximately 8.5% [27]. - Cash outflow from operating activities totaled 816,273,294.76 RMB, down from 930,691,601.56 RMB year-over-year, indicating a reduction of about 12.3% [27]. - The company reported a decrease in cash received from borrowings, totaling $1,557,570,936.15 compared to $3,182,810,693.12 in the previous period [12]. - Cash inflow from financing activities was 1,556,500,000.00 RMB, significantly lower than 3,182,810,693.12 RMB in Q1 2018, reflecting a decrease of approximately 51% [28]. - The company paid 1,473,000,000.00 RMB in debt repayments, down from 3,284,344,896.10 RMB year-over-year, showing a decrease of approximately 55% [28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,575,086,490.33, a decrease of 0.43% compared to the end of the previous year [4]. - The total liabilities decreased significantly, with the current portion of bonds payable reclassified, resulting in a 100% reduction in bonds payable from $126,244,766.86 [9]. - Total liabilities amounted to ¥12,208,292,932.29, down from ¥12,305,760,183.62, representing a decrease of about 0.79% [17]. - Current liabilities increased to ¥9,170,670,548.50 from ¥9,137,369,540.55, marking an increase of approximately 0.36% [16]. - Total equity for Q1 2019 was CNY 8,514,671,912.72, compared to CNY 8,505,802,739.89 in Q1 2018, showing a marginal increase [19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 149,468 [7]. - The largest shareholder, China CITIC Limited, held 60.49% of the shares [7]. Research and Development - Research and development expenses increased by 53.92% to $83,653,719.20 from $54,350,328.70, indicating a significant rise in investment in innovation [10]. - Research and development expenses for Q1 2019 totaled CNY 83,653,719.20, an increase of 54.1% from CNY 54,350,328.70 in Q1 2018 [20]. - Research and development expenses increased to CNY 49,390,830.25, up 120.5% from CNY 22,384,473.18 in the same period last year [22]. Other Financial Metrics - The weighted average return on net assets increased by 0.17 percentage points to 0.19% [4]. - Non-recurring gains and losses amounted to CNY 12,903,559.98 for the period [6]. - The company experienced a 44.56% decline in other income, which fell to $15,810,293.74 from $28,516,737.51, primarily due to reduced amortization [10]. - The company reported a decrease in financial expenses to CNY 21,706,554.62 from CNY 16,447,974.98 in Q1 2018 [22]. - Investment income for Q1 2019 was CNY 13,061,168.52, down from CNY 23,051,198.69 in the same quarter last year [22].