QIANHE(SH:603027)2019-04-24 16:00Financial Performance - Operating revenue for the period was CNY 290,643,652.79, representing an increase of 18.46% year-on-year[12] - Net profit attributable to shareholders was CNY 50,525,155.86, a decrease of 54.05% compared to the same period last year[12] - Basic earnings per share were CNY 0.1549, a decline of 54.08% compared to the previous year[12] - The company anticipates a significant decrease in cumulative net profit compared to the same period last year due to a substantial reduction in net profit during the reporting period[29] - Total revenue for Q1 2019 was CNY 290,643,652.79, an increase of 18.4% compared to CNY 245,352,015.50 in Q1 2018[48] - Net profit for Q1 2019 was CNY 50,525,155.86, a decrease of 54.0% from CNY 109,949,371.66 in Q1 2018[48] - Basic earnings per share for Q1 2019 were CNY 0.1549, compared to CNY 0.3373 in Q1 2018[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,875,176,670.07, a decrease of 2.9% compared to the end of the previous year[12] - Total assets decreased from ¥1,931,143,438.96 to ¥1,875,176,670.07, a decline of approximately 2.9%[40] - Current assets decreased from ¥1,141,241,203.39 to ¥1,071,346,181.96, a decline of about 6.1%[38] - Total liabilities decreased from ¥624,634,652.60 to ¥516,403,085.35, a reduction of approximately 17.4%[40] - Total liabilities decreased to CNY 497,242,111.83 in Q1 2019 from CNY 610,481,184.31 in Q1 2018, a reduction of 18.5%[45] - Total equity attributable to shareholders increased from ¥1,306,508,786.36 to ¥1,358,773,584.72, an increase of approximately 4.0%[40] Cash Flow - The net cash flow from operating activities was CNY 43,408,623.87, down 16.08% year-on-year[12] - The company's cash and cash equivalents increased by 29.44% to CNY 588,279,370.32 from CNY 454,485,084.24 due to the maturity of financial products[22] - The company's cash flow from operating activities for Q1 2019 was CNY 43,408,623.87, a decrease from CNY 51,728,106.70 in Q1 2018[56] - The net cash flow from operating activities for Q1 2019 was ¥69,127,484.64, an increase of 13.8% compared to ¥60,754,751.06 in Q1 2018[60] - Cash inflow from investment activities in Q1 2019 was CNY 216,173,367.15, compared to CNY 130,758,458.42 in Q1 2018[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,056[18] - The largest shareholder, Wu Chaoqun, held 141,893,116 shares, accounting for 43.50% of the total[18] Research and Development - Research and development expenses surged by 96.31% to CNY 7,018,187.11 from CNY 3,575,053.53, reflecting increased investment in R&D[25] - Research and development expenses increased to CNY 7,018,187.11 in Q1 2019, compared to CNY 3,575,053.53 in Q1 2018, representing a growth of 96.8%[48] Debt Management - Short-term borrowings decreased by 90.20% to CNY 9,800,000.00 from CNY 100,000,000.00, as the parent company repaid last year's short-term loans[22] - The company repaid CNY 100,000,000.00 in debt during the reporting period, reflecting a reduction in short-term borrowings[25] Other Financial Metrics - The weighted average return on net assets was 3.79%, a decrease of 6.04 percentage points year-on-year[12] - The company reported non-recurring gains and losses totaling CNY 4,984,088.37 for the period[16] - Other income increased by 156.74% to CNY 3,624,858.46 from CNY 1,411,870.80, driven by an increase in government subsidies received[25]