Kinwong(SH:603228)2019-04-26 16:00Financial Performance - Operating revenue for the period was ¥1,316,225,801.31, representing a year-on-year growth of 33.57%[6] - Net profit attributable to shareholders of the listed company was ¥183,875,350.84, up 17.67% from the previous year[6] - Basic earnings per share rose by 18.42% to ¥0.45[6] - The company's operating revenue for Q1 2019 was CNY 1,316,225,801.31, representing a 33.57% increase compared to CNY 985,420,742.14 in the same period last year[14] - Net profit for Q1 2019 reached ¥177,247,706.27, representing a 13.4% increase compared to ¥156,256,964.47 in Q1 2018[26] - Total profit for Q1 2019 was ¥206,822,213.00, up from ¥186,048,745.35 in Q1 2018[25] - Other income for Q1 2019 was ¥13,174,195.54, an increase from ¥8,083,684.42 in Q1 2018[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,785,911,226.54, an increase of 1.51% compared to the end of the previous year[6] - The company's total assets as of March 31, 2019, amounted to CNY 7,785,911,226.54, up from CNY 7,670,109,491.55 at the end of 2018[17] - Total liabilities decreased from CNY 3,263,336,483.88 to CNY 2,955,735,059.63, a reduction of approximately 9.4%[19] - Current liabilities totaled CNY 2,335,301,121.64, down from CNY 2,424,146,076.64, reflecting a decrease of about 3.7%[19] - Non-current liabilities decreased from CNY 839,190,407.24 to CNY 620,433,937.99, representing a decline of approximately 26.1%[19] - Total current assets amounted to RMB 4,829,936,148.71 as of January 1, 2019[35] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 10.38% to ¥4,573,060,300.49[6] - The total number of shareholders at the end of the reporting period was 7,971[9] - The top shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., holds 36.42% of the shares[9] Cash Flow - Net cash flow from operating activities increased by 36.25% to ¥280,625,910.55[6] - The total cash inflow from operating activities was ¥1,508,498,964.45, up from ¥1,149,694,518.19 in the same period last year, representing a growth of 31.3%[29] - The company experienced a net cash outflow from investing activities of ¥285,746,977.94, worsening from a net outflow of ¥125,561,976.05 in Q1 2018[30] - Cash and cash equivalents at the end of Q1 2019 totaled ¥958,915,915.49, down from ¥1,007,530,942.49 at the beginning of the quarter, reflecting a decrease of 4.9%[31] Expenses - Research and development expenses rose by 21.92% to CNY 59,883,555.67, reflecting the company's commitment to increasing R&D investment[14] - Management expenses increased by 49.38% to CNY 76,762,999.38, attributed to rising stock incentive costs and repair expenses[14] - Sales expenses for Q1 2019 were ¥41,032,001.79, compared to ¥35,834,189.21 in Q1 2018[25] - The company paid ¥301,844,729.65 in cash to employees, which is an increase of 37.3% compared to ¥219,603,659.43 in Q1 2018[30] Government Subsidies - The company received government subsidies amounting to ¥13,174,195.54, closely related to its normal business operations[7] - The company reported a 62.97% increase in other income to CNY 13,174,195.54, mainly from increased government subsidies received[14] Financial Instruments - The financial assets measured at fair value and recognized in profit or loss decreased by 100% to CNY 500,000,000.00 due to the implementation of new financial instrument standards[13] - The company reclassified financial assets under new financial instrument standards effective January 1, 2019[37] - The company implemented new financial instrument standards effective January 1, 2019, impacting asset classification and measurement[42]