华贸物流(603128) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue increased by 1.21% to CNY 2,075,256,350.99 year-on-year[12] - Net profit attributable to shareholders decreased by 11.63% to CNY 67,524,533.25 compared to the same period last year[12] - Total profit decreased by 12.60% year-on-year, amounting to 88,853,005.13 RMB in Q1 2019, down from 101,661,487.39 RMB in Q1 2018[25] - Net profit attributable to the parent company decreased by 11.63% year-on-year, totaling 67,524,533.25 RMB in Q1 2019 compared to 76,410,496.80 RMB in Q1 2018[25] - Net profit for Q1 2019 was CNY 70,837,330.34, down from CNY 79,674,441.21 in Q1 2018, indicating a decrease of approximately 11.5%[54] - The total comprehensive income for the first quarter of 2019 was CNY 17,182,748.65, compared to CNY 20,670,582.68 in the same period of 2018, representing a decrease of approximately 17.9%[59] Cash Flow - Net cash flow from operating activities increased by 72.84% to CNY 115,308,406.61 year-on-year[12] - Cash flow from operating activities increased by 72.84% year-on-year, reaching a net inflow of 115,308,406.61 RMB in Q1 2019, up from 66,712,713.74 RMB in Q1 2018[33] - The total cash inflow from operating activities in Q1 2019 was CNY 2,367,482,072.95, compared to CNY 2,344,924,965.45 in Q1 2018, reflecting a growth of approximately 1%[63] - The net cash outflow from investing activities in Q1 2019 was CNY -5,851,049.69, worsening from CNY -1,399,579.97 in Q1 2018[65] - The net cash flow from financing activities in Q1 2019 was CNY -103,916,949.24, compared to CNY -2,458,883.96 in Q1 2018, indicating a significant increase in cash outflow[65] Assets and Liabilities - Total assets decreased by 6.07% to CNY 5,147,052,857.94 compared to the end of the previous year[12] - Total liabilities decreased from $1,537,073,867.22 to $1,197,566,416.88, a reduction of approximately 22%[41] - Total equity increased slightly from $3,942,874,670.20 to $3,949,486,441.06, reflecting a growth of about 0.2%[41] - Current assets decreased from $2,363,313,422.94 to $2,187,448,783.19, a decline of approximately 7.4%[46] - Non-current assets increased from $2,008,651,958.41 to $2,055,039,536.42, an increase of about 2.5%[49] Shareholder Information - The number of shareholders at the end of the reporting period was 50,993[12] - The company reported a retained earnings increase from $971,274,688.34 to $1,038,799,221.59, reflecting a growth of approximately 6.9%[41] Research and Development - R&D expenses decreased significantly by 73.96% year-on-year, totaling 1,092,460.47 RMB in Q1 2019 compared to 4,194,625.78 RMB in Q1 2018[25] - Research and development expenses for Q1 2019 were CNY 1,092,460.47, significantly lower than CNY 4,194,625.78 in Q1 2018, marking a reduction of approximately 74%[51] Government Subsidies and Other Income - The company reported a government subsidy of CNY 95,988.00 related to its normal business operations[12] - Other income included a government subsidy of 1.19 million RMB in Q1 2019, a decrease of 370,000 RMB compared to the previous year[30] Inventory and Borrowings - Inventory increased by 33.03% to CNY 110,155,267.78 compared to the end of last year[19] - Short-term borrowings decreased by 56.74% to CNY 87,535,500.00 compared to the end of last year[19] - Accounts receivable decreased from 2,158,071,118.01 RMB in 2018 to 1,883,584,982.84 RMB in Q1 2019, indicating improved collection efficiency[36] Earnings Per Share - Earnings per share for Q1 2019 were CNY 0.07, compared to CNY 0.08 in Q1 2018, showing a decline of 12.5%[56] - Basic and diluted earnings per share for Q1 2019 remained at CNY 0.02, unchanged from Q1 2018[59]