BEKEN(SH:603068)2019-04-29 16:00Financial Performance - Operating revenue for the current period was ¥126,127,879.57, reflecting a growth of 6.92% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥15,382,478.33, up by 4.86% from the same period last year[6] - Basic earnings per share increased to ¥0.16, representing a growth of 6.67% year-on-year[6] - The company reported a significant increase in total comprehensive income for Q1 2019, which was CNY 16,234,560.42, compared to CNY 15,422,651.47 in Q1 2018, reflecting a growth of 5.3%[32] - Net profit for Q1 2019 reached CNY 16,382,548.26, representing a 4.6% increase from CNY 15,659,286.71 in Q1 2018[32] Assets and Liabilities - Total assets at the end of the reporting period reached ¥549,802,536.98, an increase of 2.39% compared to the end of the previous year[6] - Current assets totaled CNY 485,163,866.01, slightly up from CNY 481,910,039.47, indicating a growth of about 0.52%[22] - Total liabilities decreased to CNY 99,170,597.30 from CNY 102,565,455.55, a reduction of approximately 3.86%[23] - Shareholders' equity rose to CNY 450,631,939.68 from CNY 434,397,379.27, reflecting an increase of about 3.75%[23] - Total liabilities were RMB 102,565,455.55, with non-current liabilities comprising RMB 4,800,000.00 in deferred income[44] Cash Flow - The net cash flow from operating activities significantly decreased to ¥1,917,366.35, a decline of 97.23% compared to the previous year[6] - The cash inflow from sales of goods and services was RMB 141,540,053.79, down 13.9% from RMB 164,486,970.24 in Q1 2018[36] - The company's cash and cash equivalents at the end of Q1 2019 were RMB 161,602,577.85, down from RMB 145,812,281.87 in Q1 2018[37] - The net cash flow from investment activities was -RMB 3,278,655.24, a decrease from -RMB 20,999,423.69 in Q1 2018, showing improved performance[37] - The cash flow from purchasing goods and services increased by 73.62% to RMB 111,389,762.22, driven by higher inventory levels[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,948[11] - Beken Corporation held 21.87% of shares, making it the largest shareholder[11] Government Subsidies and Other Income - The company received government subsidies amounting to ¥864,314.86, which are closely related to its normal business operations[9] - Non-recurring gains and losses totaled ¥1,000,069.93 for the current period[10] - Investment income rose by 207.18% to RMB 252,372.95, attributed to increased returns from financial products[15] Expenses and Costs - Total operating costs for Q1 2019 were CNY 110,234,186.12, up from CNY 102,459,041.23 in Q1 2018, reflecting a 7.4% increase[31] - The company's tax expenses decreased by 54.44% to RMB 2,578,497.67, primarily due to tax benefits from the previous quarter[15] - Financial expenses decreased to CNY 5,556,973.62 in Q1 2019 from CNY 7,183,498.12 in Q1 2018, a reduction of 22.6%[31] Other Comprehensive Income - The company reported a significant increase in other comprehensive income, which decreased by 47.74% to RMB 162,004.33 due to foreign currency translation differences[15] - Other comprehensive income for Q1 2019 was CNY -147,987.84, an improvement from CNY -236,635.24 in Q1 2018[32] Legal Matters - The company is currently involved in a patent infringement lawsuit, but the related products represent a small portion of its future business direction, indicating minimal impact on operations[17] Changes in Assets - The company's prepayments increased by 196.95% to RMB 2,062,753.35 due to higher advance payment for operating expenses[13] - Intangible assets surged by 688.39% to RMB 12,155,187.14 primarily due to the acquisition of licenses[13] - The company's other payables increased by 265.09% to RMB 10,713,613.96, mainly due to the acquisition of licenses[15] - The cash paid for purchasing fixed assets and intangible assets rose by 318.93% to RMB 4,531,028.19, reflecting the acquisition of licenses[17]