ADD(SH:603089)2019-04-25 16:00Financial Performance - Operating income increased by 41.75% to CNY 283,730,658.36 year-on-year[7] - Net profit attributable to shareholders surged by 1,321.75% to CNY 29,975,660.80 compared to the same period last year[7] - Basic and diluted earnings per share increased by 1,300.00% to CNY 0.28[7] - The company reported non-recurring gains of CNY 4,359,937.66 during the period[10] - The company’s net profit excluding non-recurring gains increased by 1,886.19% to CNY 25,615,723.14[7] - Total profit for Q1 2019 was ¥42,298,142.81, compared to ¥2,407,140.42 in Q1 2018, representing an increase of 1666.5%[33] - Net profit for Q1 2019 reached ¥37,831,894.99, a significant rise from ¥2,108,365.12 in Q1 2018, marking an increase of 1699.5%[33] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 43,057,748.03, a 172.06% increase from the previous year[7] - In Q1 2019, the net cash flow from operating activities was CNY 43,057,748.03, a significant improvement compared to a negative cash flow of CNY 59,755,641.71 in Q1 2018[40] - Total cash inflow from operating activities was CNY 200,104,218.41, up from CNY 157,955,927.63 in the same period last year, representing an increase of approximately 26.6%[42] - The cash outflow for operating activities totaled CNY 183,375,710.95, a decrease from CNY 222,869,298.35 in Q1 2018, indicating a reduction of about 17.7%[42] - The company reported a significant increase in cash paid for operating activities, totaling CNY 354,570,646.11, compared to CNY 307,488,648.33 in Q1 2018, an increase of approximately 15.3%[40] Assets and Liabilities - Total assets decreased by 3.52% to CNY 1,540,214,657.63 compared to the end of the previous year[7] - The company’s total current assets decreased to RMB 746,843,207.05 from RMB 815,536,077.35 at the end of 2018[23] - Total liabilities decreased to CNY 606,158,682.82 from CNY 700,196,939.29, a reduction of approximately 13.4%[26] - Current liabilities decreased to CNY 587,162,648.52 from CNY 680,495,264.26, reflecting a reduction of approximately 13.7%[25] - Non-current liabilities totaled CNY 18,996,034.30, down from CNY 19,701,675.03[26] - The company's total equity increased to CNY 934,055,974.81 from CNY 896,224,079.82, representing a growth of about 4.2%[26] Shareholder Information - The total number of shareholders reached 8,665 at the end of the reporting period[11] - Zhejiang Zhengyu Investment Co., Ltd. held 47.17% of the shares, making it the largest shareholder[11] Expenses - Management expenses increased by 64.57% to RMB 17,153,605.85, attributed to the inclusion of new subsidiaries and increased employee compensation[18] - Research and development expenses for Q1 2019 totaled ¥11,265,063.01, up from ¥9,466,089.05 in Q1 2018, an increase of 19.0%[32] - The company incurred financial expenses of ¥10,178,395.54 in Q1 2019, compared to ¥7,782,451.21 in Q1 2018, an increase of 30.5%[32] Investment Activities - The company achieved an investment income of ¥1,900,364.00 in Q1 2019, compared to ¥767,385.02 in Q1 2018, reflecting a growth of 147.5%[32] - The company plans to issue convertible bonds to raise up to RMB 29,000,000 for automotive suspension damping product production and to supplement working capital[20] Other Financial Metrics - The weighted average return on equity rose by 3.47 percentage points to 3.77%[7] - The company reported a significant increase in tax and additional fees by 187.42% to RMB 3,927,171.42 due to the inclusion of new subsidiaries[15] - Total operating costs for Q1 2019 were ¥247,476,996.12, up from ¥198,728,433.87 in Q1 2018, representing a 24.5% increase[32]