GOLDENSEA(SH:603311)2019-04-26 16:00Financial Performance - Operating revenue for the period was CNY 147,910,340.41, representing a year-on-year increase of 2.27%[6] - Net profit attributable to shareholders of the listed company was CNY 20,597,099.90, a slight increase of 0.41% compared to the previous year[6] - The net profit guidance for the year is not expected to show significant changes compared to the previous year, indicating stable performance expectations[14] - Total operating revenue for Q1 2019 was CNY 147,910,340.41, an increase from CNY 144,626,486.1 in Q1 2018, representing a growth of approximately 2.0%[25] - Net profit for Q1 2019 was CNY 20,597,099.9, slightly higher than CNY 20,513,204.5 in Q1 2018, reflecting a marginal increase of 0.4%[26] - The company reported a total profit of CNY 13,925,656.19 for Q1 2019, down 17.9% from CNY 16,964,160.09 in Q1 2018[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,011,024,143.44, a decrease of 0.01% compared to the end of the previous year[6] - The company's total assets were reported at ¥1,011,024,143.44, compared to ¥1,011,133,880.15 at the end of 2018, indicating stability in asset levels[19] - The total liabilities decreased to ¥234,232,448.42 from ¥257,671,823.02, showing a reduction in financial obligations[19] - Total liabilities for Q1 2019 were CNY 208,357,993.74, down from CNY 231,508,989.80 in Q1 2018, showing a reduction of approximately 10.0%[23] Cash Flow - The net cash flow from operating activities decreased by 60.11% to CNY 3,443,057.24[6] - Cash flow from operating activities generated a net amount of CNY 3,443,057.24, down 60% from CNY 8,630,309.78 in Q1 2018[32] - In Q1 2019, the net cash flow from operating activities was ¥5,353,889.26, a decrease of 74.1% compared to ¥20,723,872.19 in Q1 2018[34] - The net cash flow from investing activities was -¥104,637,681.87, worsening from -¥69,330,790.33 in Q1 2018[35] Investments and Expenses - The company invested ¥106,721,236.61 in investment activities, a 26.57% increase from ¥84,319,475.07, primarily for production equipment and infrastructure[13] - Financial expenses increased by 26.37% to ¥2,332,999.59 from ¥1,846,143.37, mainly due to increased exchange losses[13] - Research and development expenses for Q1 2019 were CNY 3,057,295.67, slightly lower than CNY 3,080,815.13 in Q1 2018[25] - Research and development expenses rose to CNY 5,021,511.17, an increase of 7.5% compared to CNY 4,671,759.05 in Q1 2018[28] Equity and Shareholder Information - Net assets attributable to shareholders of the listed company increased by 3.10% to CNY 776,791,695.02[6] - The company's total equity increased to CNY 665,053,841.28 in Q1 2019 from CNY 652,770,355.25 in Q1 2018, marking an increase of about 1.5%[23] - Earnings per share for Q1 2019 remained stable at CNY 0.10, consistent with Q1 2018[26] Inventory and Receivables - Accounts receivable decreased by 13.63% to CNY 126,201,925.82, primarily due to the collection of some receivables[12] - Inventory increased by 22.34% to CNY 137,342,518.50, attributed to the expansion of sales scale[12] - The inventory as of March 31, 2019, was ¥137,342,518.50, slightly down from ¥138,384,363.74 at the end of 2018, reflecting effective inventory management[17] Cash and Cash Equivalents - The company's cash and cash equivalents increased by 8.13% to CNY 150,127,590.67, mainly due to a slight decrease in idle funds for financial management[12] - Cash and cash equivalents at the end of Q1 2019 were CNY 118,815,229.42, compared to CNY 108,689,226.96 at the end of Q1 2018[33] - The cash and cash equivalents at the end of Q1 2019 were ¥87,709,808.59, compared to ¥54,128,693.27 at the end of Q1 2018, reflecting a 62.0% increase[35]