Shandong Daye (SH:603278)2019-04-15 16:00Financial Performance - Operating revenue rose by 17.43% to CNY 605,525,637.79 year-on-year[6] - Net profit attributable to shareholders increased by 11.43% to CNY 42,622,555.70 compared to the same period last year[6] - Basic and diluted earnings per share increased by 11.11% to CNY 0.20[6] - The net profit after deducting non-recurring gains and losses decreased by 1.70% to CNY 35,211,680.26[6] - Total revenue for the period reached CNY 605,525,637.79, marking a 17.43% increase from CNY 515,649,107.60, driven by market demand and increased product sales[14] - Total operating costs rose by 19.56%, from CNY 473,322,423.83 to CNY 565,916,923.97, primarily due to increased sales volume and manufacturing costs[15] - The company reported a total profit of CNY 48,208,243.55 for Q1 2019, compared to CNY 45,067,391.41 in Q1 2018, marking a growth of 4.8%[28] - The net profit from continuing operations for Q1 2019 was CNY 42,291,456.07, an increase from CNY 38,110,288.55 in Q1 2018, representing a growth of approximately 5.8%[31] - The total comprehensive income for Q1 2019 was CNY 42,291,456.07, compared to CNY 38,110,288.55 in Q1 2018, indicating an increase of about 5.8%[31] Cash Flow - Net cash flow from operating activities improved by 6.33% to CNY 21,512,302.86[6] - The net cash flow from operating activities increased by 6.33%, from CNY 20,232,439.40 to CNY 21,512,302.96, reflecting improved collection of accounts receivable[15] - Cash inflows from operating activities totaled CNY 433,703,906.30 in Q1 2019, compared to CNY 336,868,268.33 in Q1 2018, marking a growth of about 28.7%[34] - The net cash flow from investing activities was CNY 18,464,134.16 for Q1 2019, compared to a negative CNY 3,672,014.97 in Q1 2018, showing a significant improvement[34] - The net cash flow from financing activities was negative CNY 66,155,497.63 in Q1 2019, compared to negative CNY 20,268,175.57 in Q1 2018, indicating a worsening of cash flow from financing[35] Assets and Liabilities - Total assets increased by 3.46% to CNY 3,314,829,207.24 compared to the end of the previous year[6] - Total current assets increased to CNY 2,058,104,258.23 as of March 31, 2019, up from CNY 2,014,319,896.38 at the end of 2018, representing a growth of 2.17%[19] - Total non-current assets reached CNY 1,256,724,949.01, up from CNY 1,189,673,387.57, marking an increase of 5.88%[20] - Total current liabilities increased to CNY 1,708,918,424.32 from CNY 1,561,840,167.89, representing a rise of 9.43%[20] - Total liabilities reached CNY 1,795,442,874.42, compared to CNY 1,677,230,346.87, indicating an increase of 7.06%[21] - The company’s long-term liabilities increased by 33.29%, from CNY 73,240,745.64 to CNY 97,623,811.08, primarily due to an increase in long-term borrowings[14] Shareholder Information - The total number of shareholders reached 18,350 at the end of the reporting period[10] - The largest shareholder, Dou Yong, holds 38.25% of the shares, totaling 79,560,000 shares[10] Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to CNY 8,386,881.79 related to its normal business operations[8] - The company reported a total non-recurring gains of CNY 7,410,875.44 for the period[9] Inventory and Receivables - Accounts receivable rose by 2.53%, from CNY 987,909,231.06 to CNY 1,012,910,586.78, driven by increased sales revenue[12] - Prepayments surged by 55.51%, from CNY 48,792,278.29 to CNY 75,877,349.08, attributed to increased prepayments for procurement[13] - Inventory increased by 14.01%, from CNY 326,716,600.61 to CNY 372,477,761.66, due to higher sales volume and safety stock[13]