SGC(SH:603269)2019-04-28 16:00Financial Performance - Operating revenue increased by 2.31% to CNY 121,944,951.22 year-on-year[7] - Net profit attributable to shareholders decreased by 24.02% to CNY 6,778,763.80 compared to the same period last year[7] - Basic earnings per share decreased by 30.00% to CNY 0.07[7] - The weighted average return on equity decreased by 0.37 percentage points to 1.04%[7] - The net profit for the first quarter of 2019 was CNY 5,991,317.57, a decrease of 33.1% compared to CNY 8,955,322.23 in the same period last year[17] - Total operating revenue for Q1 2019 was CNY 121,944,951.22, an increase of 2.94% compared to CNY 119,192,073.36 in Q1 2018[37] - Net profit for Q1 2019 was CNY 5,991,317.57, a decrease of 33.3% from CNY 8,955,322.23 in Q1 2018[38] - Earnings per share for Q1 2019 were CNY 0.07, down from CNY 0.10 in Q1 2018[39] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -51,937,040.30, a significant decline of 2,920.33% compared to the previous year[7] - Cash received from operating activities decreased by 44.19% to 16,037,371.57 compared to the same period last year[18] - The company reported a cash outflow of 120,478,347.15 RMB from operating activities in Q1 2019, compared to 95,591,791.83 RMB in Q1 2018, reflecting increased operational costs[46] - The cash flow from operating activities was negatively impacted by a significant increase in payments for goods and services, which totaled 118,260,245.84 RMB in Q1 2019, compared to 73,980,448.36 RMB in Q1 2018[42] - The company’s cash flow from financing activities increased by 349.27%, totaling 4,094,161.19 during the reporting period[19] - The company’s cash and cash equivalents decreased by 57,057,031.59, marking a 1146.38% increase in cash outflow compared to the previous year[19] Assets and Liabilities - Total assets decreased by 1.30% to CNY 1,401,702,410.78 compared to the end of the previous year[7] - The company's current assets totaled CNY 1,134,508,499.71, down from CNY 1,149,340,758.82 at the end of 2018, indicating a decrease of about 1.3%[29] - The total liabilities decreased to CNY 741,079,315.66 from CNY 764,025,057.48, a reduction of about 3.0%[30] - The company's equity attributable to shareholders rose to CNY 655,423,990.35 from CNY 649,924,081.99, an increase of approximately 0.8%[31] - Total liabilities amounted to approximately ¥655.74 million, with current liabilities at ¥633.92 million[53] Shareholder Information - The total number of shareholders reached 9,513 at the end of the reporting period[10] - The largest shareholder, Jin Ao Da, holds 19.16% of the shares, totaling 17,525,000 shares[10] Expenses and Costs - The company's financial expenses increased by 210.28%, reaching CNY 1,975,362.20, primarily due to increased loan interest[16] - Total operating costs for Q1 2019 were CNY 116,193,851.97, up from CNY 112,152,645.23 in Q1 2018, reflecting a year-over-year increase of 3.68%[37] - Research and development expenses for Q1 2019 were CNY 2,490,143.77, compared to CNY 3,021,946.72 in Q1 2018, indicating a decrease of 17.6%[38] - Sales expenses for Q1 2019 were CNY 13,030,555.02, up from CNY 11,950,540.74 in Q1 2018, reflecting an increase of 9.05%[38] - Management expenses for Q1 2019 were CNY 12,600,732.42, compared to CNY 11,223,403.32 in Q1 2018, showing an increase of 12.3%[38] Investments and Subsidiaries - The company completed a capital increase of 80 million yuan for its wholly-owned subsidiary Jinou Water Treatment[21] - The company has established a new subsidiary in Jakarta, Indonesia, and has allocated funds accordingly[20] - The company plans to invest in its U.S. subsidiary but has not yet made actual contributions due to uncertainties from U.S.-China trade tensions[20] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 2,037,175.05[9] - Non-recurring gains and losses totaled CNY 1,815,842.41 for the period[10] - The company's interest income rose by 285.51% to CNY 686,916.46, driven by increased deposit interest[17] - The company's other comprehensive income rose by 145.42% to CNY 1,530,122.25, resulting from foreign currency translation differences[16] - The company declared dividends payable to minority shareholders amounting to CNY 1,980,948.89, which was not applicable in the previous period[17]