江化微(603078) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue rose by 17.38% to CNY 97,828,343.54 year-on-year[6] - Net profit attributable to shareholders decreased by 44.36% to CNY 4,789,267.45 compared to the same period last year[6] - Basic earnings per share fell by 44.39% to CNY 0.057[9] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 36.23% to CNY 3,997,334.65[6] - Net profit for Q1 2019 was ¥4,553,740.19, a decrease of 47.3% from ¥8,607,704.84 in Q1 2018[25] - Operating profit for Q1 2019 was CNY 5,881,185.08, down 39.0% from CNY 9,724,634.43 in Q1 2018[27] - Net profit for Q1 2019 was CNY 5,543,661.99, a decrease of 37.7% compared to CNY 8,814,383.79 in Q1 2018[28] - Total comprehensive income for Q1 2019 was CNY 5,543,661.99, down from CNY 8,814,383.79 in Q1 2018[28] Cash Flow - Net cash flow from operating activities dropped by 136.44% to -CNY 6,157,398.44[6] - Cash flow from operating activities decreased by 136.44% to -¥6,157,398.44 primarily due to a decrease in cash received from sales[13] - Cash flow from investing activities decreased by 3703.25% to -¥69,233,176.06 due to increased acquisition of fixed assets[13] - Cash flow from financing activities increased by 178.50% to ¥82,910,490.64 primarily due to new loans[13] - Cash inflow from operating activities totaled $69,643,204.79, a decrease of 13.5% compared to $80,091,002.04 in the previous year[35] - Net cash outflow from operating activities was $14,479,362.80, worsening from a net outflow of $4,211,695.39 year-over-year[35] - Cash inflow from investment activities was $62,026,849.32, while cash outflow was $30,577,793.46, resulting in a net cash outflow of $30,577,793.46 compared to a net inflow of $7,414,615.67 last year[35] - Cash inflow from financing activities was $25,000,000.00, down from $30,000,000.00 in the previous year[35] - The company reported a total cash inflow of $69,643,204.79 from operating activities, while cash outflow was $84,122,567.59, leading to a negative cash flow from operations[35] - The company experienced a significant decrease in cash flow from investment activities, with a net cash flow of -$30,577,793.46 compared to a positive cash flow in the previous year[35] - The company’s cash and cash equivalents decreased by $52,146,665.62 during the quarter, contrasting with an increase of $32,973,495.29 in the previous year[36] Assets and Liabilities - Total assets increased by 3.67% to CNY 1,045,831,155.16 compared to the end of the previous year[6] - Total current assets decreased to ¥385,420,349.24 as of March 31, 2019, down 12.1% from ¥438,700,510.42 at the end of 2018[22] - Total non-current assets increased to ¥549,552,796.17 as of March 31, 2019, up 3.4% from ¥530,803,793.29 at the end of 2018[22] - Total liabilities decreased to ¥157,151,198.18 as of March 31, 2019, down 20.3% from ¥197,226,018.47 at the end of 2018[23] - Shareholder equity increased to ¥777,821,947.23 as of March 31, 2019, up 0.7% from ¥772,278,285.24 at the end of 2018[23] Shareholder Information - The total number of shareholders reached 7,244 at the end of the reporting period[10] - The largest shareholder, Yin Fuhua, holds 27.42% of the shares, totaling 23,031,890 shares[10] Research and Development - Research and development expenses increased by 71.58% to ¥5,275,356.34 due to increased investment in R&D[13] - Research and development expenses increased to ¥5,275,356.34 in Q1 2019, compared to ¥3,074,558.50 in Q1 2018, reflecting a growth of 71.6%[24] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 959,499.00[8] Project Financing - The company is constructing a project with an annual capacity of 58,000 tons, which will impact cash flow and construction in progress[14] - The company plans to finance the project through self-owned funds, bank loans, and issuing convertible bonds[14]