AsAc(SH:601890)2019-04-29 16:00Financial Performance - Operating revenue for the period was ¥364,112,766.65, representing a significant increase of 63.59% year-on-year[12]. - Net profit attributable to shareholders was ¥24,028,306.64, a turnaround from a loss of ¥8,660,683.57 in the same period last year[12]. - The company's net profit attributable to shareholders reached ¥24,028,306.64, a significant increase of 377.44% compared to the same period last year[24]. - Operating revenue for the first quarter was ¥364,112,766.65, reflecting a year-on-year growth of 63.59% driven by increased delivery orders[21]. - The gross profit margin improved, contributing to a substantial increase in operating profit to ¥28,892,479.15, up 309.16% year-on-year[21]. - Operating profit for Q1 2019 was ¥28,892,479.15, a turnaround from a loss of ¥13,813,650.09 in Q1 2018[42]. - Net profit for Q1 2019 was ¥24,231,184.23, compared to a net loss of ¥14,117,309.65 in Q1 2018[44]. - The total profit for Q1 2019 was approximately ¥24.41 million, a significant increase of 303.5% compared to ¥6.07 million in Q1 2018[47]. Earnings and Shareholder Value - Basic and diluted earnings per share improved to ¥0.0250, compared to a loss of ¥0.0090 per share in the previous year[12]. - The weighted average return on equity increased by 1.12 percentage points to 0.82%[12]. - Total equity rose to ¥2,756,239,335.88 in Q1 2019, up from ¥2,735,488,171.73 in Q1 2018, showing a slight increase in shareholder value[42]. Cash Flow and Liquidity - Net cash flow from operating activities was negative at ¥72,634,169.90, worsening from a negative cash flow of ¥4,236,976.69 in the same period last year[12]. - Cash flow from operating activities showed a net outflow of approximately ¥72.63 million, compared to a net outflow of ¥4.24 million in Q1 2018[54]. - The company reported a decrease in cash and cash equivalents, with a net decrease of ¥91,126,682.23, compared to a decrease of ¥40,895,217.57 in the prior year[59]. - The ending balance of cash and cash equivalents was ¥495,216,530.75, down from ¥919,990,795.39 year-over-year, indicating a significant liquidity contraction[59]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,805,650,231.70, an increase of 0.79% compared to the end of the previous year[12]. - The total assets at the end of the reporting period amounted to ¥2,887,170,571.66, compared to ¥2,843,240,364.79 at the beginning of the year[27]. - Total assets increased to ¥3,895,049,533.21 from ¥3,733,032,580.76, reflecting a growth of approximately 4.35%[37]. - The total liabilities decreased to ¥777,168,842.27 from ¥778,153,858.98, a slight reduction of about 0.13%[33]. - Total liabilities amounted to ¥778,153,858.98, with current liabilities at ¥702,875,234.42[64]. - Non-current liabilities totaled ¥75,278,624.56, including long-term borrowings of ¥6,049,404.98 and deferred income of ¥67,777,678.30[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 153,759[16]. - The largest shareholder, Tao Anxiang, holds 27.70% of the shares, totaling 265,793,716 shares[16]. Government Support - The company received government subsidies amounting to ¥390,800.00, which are closely related to its normal business operations[15]. Research and Development - Research and development expenses increased to ¥15,667,820.44 in Q1 2019, up from ¥10,774,841.19 in Q1 2018, reflecting a focus on innovation[42]. Investment Activities - Investment income rose to ¥9,842,108.26, marking a year-on-year increase of 109.97% due to higher interest income from financial products[21]. - The company reported a total cash inflow from other investment activities of ¥259,000,000.00, up from ¥230,000,000.00 year-over-year, highlighting a positive trend in investment activities[56]. Future Plans - The company plans to continue expanding its market presence and investing in new product development to sustain growth[21]. - The company has not disclosed any new product developments or market expansion strategies in this report[12].