Sichuan Teway Food (SH:603317)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 37.01% to CNY 73,487,841.19 year-on-year[11] - Operating income grew by 25.14% to CNY 305,828,815.88 compared to the same period last year[11] - Basic earnings per share increased by 42.86% to CNY 0.20 compared to the same period last year[11] - Operating profit increased by 37.29% to ¥86,797,628.61 driven by higher main business income[24] - Net profit increased by 37.01% to ¥73,487,841.19 reflecting the growth in total profit[24] - Total operating revenue for Q1 2019 reached ¥305,828,815.88, a 25.1% increase from ¥244,384,484.36 in Q1 2018[47] - Net profit for Q1 2019 was ¥73,487,841.19, representing a 37.0% increase compared to ¥53,635,411.21 in Q1 2018[49] - Basic and diluted earnings per share for Q1 2019 were both ¥0.20, compared to ¥0.14 in Q1 2018[49] Cash Flow - Net cash flow from operating activities surged by 164.44% to CNY 58,936,416.22 year-on-year[11] - Cash inflow from operating activities for the first quarter of 2019 was CNY 359,421,651.92, compared to CNY 271,984,676.16 in the first quarter of 2018, reflecting a growth of approximately 32%[60] - Net cash flow from operating activities increased to CNY 58,936,416.22 in the first quarter of 2019, compared to CNY 22,286,864.47 in the same period of 2018, marking a growth of over 164%[60] - Cash inflow from investment activities totaled CNY 314,103,462.33 in the first quarter of 2019, compared to CNY 205,884,660.13 in the first quarter of 2018, an increase of approximately 52%[60] - The net cash flow from investment activities was CNY 4,649,323.26 in the first quarter of 2019, a recovery from a negative cash flow of CNY -46,681,291.27 in the same period of 2018[60] - The company reported a net increase in cash and cash equivalents of CNY 63,585,739.48 in the first quarter of 2019, compared to a decrease of CNY -59,614,926.80 in the same period of 2018[60] Assets and Liabilities - Total assets increased by 4.30% to CNY 1,446,517,088.24 compared to the end of the previous year[11] - Total liabilities decreased by 47.55% to ¥1,171,861.43 as a result of product returns reducing estimated liabilities[21] - Current liabilities decreased to ¥227,960,755.32 from ¥240,417,345.99, a reduction of about 5.5%[34] - Total liabilities decreased to ¥234,764,924.25 from ¥248,555,386.84, reflecting a decline of approximately 5.5%[36] - Owner's equity increased to ¥1,211,752,163.99 from ¥1,138,264,322.80, showing an increase of about 6.4%[36] - Cash and cash equivalents rose to ¥351,264,823.50 from ¥255,456,999.62, marking a significant increase of approximately 37.4%[36] - Inventory decreased to ¥85,001,494.80 from ¥91,624,585.07, a decline of about 7.2%[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 73[16] - The largest shareholder, Deng Wen, holds 75.38% of the shares[16] Expenses - Sales expenses increased by 55.44% to ¥29,212,138.69 due to higher advertising and promotional costs[24] - Research and development expenses for Q1 2019 totaled ¥5,022,623.41, up from ¥4,389,573.84 in Q1 2018[47] - Tax expenses for Q1 2019 were ¥12,978,679.10, compared to ¥9,585,176.72 in the same quarter last year, marking a 35.0% increase[47] Other Information - Non-recurring gains and losses included a government subsidy of CNY 271,592.67[12] - The company has not disclosed any new product developments or market expansion strategies in this report[11]