ECH(SH:603200)2019-04-25 16:00Financial Performance - Operating revenue for the period reached CNY 146,092,521.90, an increase of 86.46% year-on-year[6] - Net profit attributable to shareholders was CNY 18,984,882.78, reflecting a growth of 47.53% compared to the same period last year[6] - The net profit excluding non-recurring gains and losses was CNY 17,942,167.29, up 70.86% year-on-year[6] - The company's net profit from investment increased significantly by 1153.12%, amounting to RMB 1,596,797.24, driven by the growth in net profit from joint ventures[16] - Net profit for Q1 2019 was ¥18,062,721.77, representing a 40.5% increase from ¥12,865,515.09 in Q1 2018[30] - The company reported an operating profit of ¥20,762,252.90 for Q1 2019, which is a 58.5% increase from ¥13,058,803.59 in Q1 2018[29] - The total profit for Q1 2019 was ¥20,874,347.91, up from ¥15,318,423.04 in Q1 2018, indicating a growth of 36.5%[30] - In Q1 2019, Shanghai Xiba reported a total comprehensive income of CNY 21,680,140.47, compared to CNY 12,923,570.73 in Q1 2018, representing an increase of approximately 68.5%[33] Earnings and Shareholder Information - Basic earnings per share increased by 45.99% to CNY 0.2549[6] - Basic and diluted earnings per share for Q1 2019 were CNY 0.2910, up from CNY 0.1753 in Q1 2018, reflecting a growth of 65.9%[33] - The number of shareholders at the end of the reporting period was 6,266[12] - Major shareholder Wang Wei holds 46.09% of the shares, with 13,640,000 shares pledged[12] Assets and Liabilities - Total assets increased by 5.43% to CNY 972,499,908.77 compared to the end of the previous year[6] - Total current assets increased to ¥880,363,554.16 as of March 31, 2019, up from ¥830,188,221.29 on December 31, 2018, representing a growth of approximately 6.5%[21] - Total liabilities amounted to ¥198,421,446.47, an increase from ¥168,527,322.38, reflecting a growth of about 17.7%[23] - Total liabilities as of Q1 2019 were ¥210,965,802.86, up from ¥168,786,038.24 in the previous year[29] - The total liabilities to equity ratio stands at approximately 0.23, indicating a low level of financial leverage[43] Cash Flow and Financing Activities - The net cash flow from operating activities decreased by 405.92% to -CNY 37,250,628.77, indicating increased upfront funding[6] - The cash inflow from operating activities was RMB 123,085,161.92, a 30.64% increase from RMB 94,215,110.12 in the previous period[16] - The cash outflow from financing activities decreased by 85.56% to RMB 666,552.11, primarily due to a reduction in guarantee deposits[17] - The company raised CNY 25,244,837.00 through borrowings in Q1 2019, with net cash flow from financing activities amounting to CNY 24,981,929.91, a significant improvement from -CNY 4,615,600.46 in Q1 2018[39] Research and Development - The company's research and development expenses increased by 58.19% to RMB 8,642,032.86, attributed to new R&D projects[16] - Research and development expenses for Q1 2019 amounted to ¥8,642,032.86, an increase of 58.5% from ¥5,463,107.54 in Q1 2018[29] Inventory and Receivables - The company reported a 51.13% increase in accounts receivable, totaling RMB 85,957,928.26, due to the receipt of bills related to the Hebei Steel EPC project[16] - Accounts receivable rose to ¥321,210,729.56, an increase of 14.1% from ¥281,542,245.44 in the previous quarter[21] - The company reported inventory of CNY 51,208,203.96 and other receivables of CNY 63,266,459.98[45]