KINGCLEAN(SH:603355)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 18.32% to CNY 85,893,996.92 year-on-year[12] - Operating revenue decreased by 6.71% to CNY 1,405,441,249.23 compared to the same period last year[12] - Basic earnings per share rose by 16.67% to CNY 0.21[12] - The total operating profit for the period was approximately CNY 95.88 million, a significant increase from CNY 9.00 million in the previous period[52] - The net profit reached CNY 88.99 million, compared to CNY 5.02 million in the same period last year, indicating a substantial growth[52] - The company recorded a total profit of RMB 99,641,446.83 for Q1 2019, compared to RMB 89,396,672.41 in Q1 2018, reflecting a growth of 12.5%[48] Cash Flow - Net cash flow from operating activities surged by 597.05% to CNY 438,447,967.23[12] - Cash flow from operating activities amounted to CNY 438.45 million, a notable increase from CNY 62.90 million year-over-year[56] - Net cash flow from operating activities reached $330.84 million, a significant improvement from a loss of $2.26 million in the previous year[61] - Cash flow from financing activities showed a net inflow of CNY 123.61 million, contrasting with an outflow of CNY 2.51 million in the previous period[58] - Total cash outflow from operating activities was $1.35 billion, slightly up from $1.32 billion last year[61] Assets and Liabilities - Total assets increased by 4.39% to CNY 4,669,988,069.86 compared to the end of the previous year[12] - Current liabilities rose to ¥1,792,736,415.62, compared to ¥1,681,136,430.67, indicating an increase of about 6.6%[37] - The total liabilities increased to ¥1,802,347,265.06 from ¥1,691,901,607.12, marking an increase of about 6.5%[37] - The company's cash and cash equivalents decreased to ¥710,042,684.27 from ¥993,763,997.55, a decline of approximately 28.5%[39] - The company's short-term borrowings amounted to ¥121,539,675.00, indicating a new liability[37] Shareholder Information - The total number of shareholders reached 12,103 by the end of the reporting period[18] - The top shareholder, 莱克（苏州）投资有限公司, holds 36.63% of the shares[18] Research and Development - Research and development expenses increased by 34.13% to RMB 76,020,825.86, reflecting increased investment in new product development[23] - R&D expenses increased to RMB 76,020,825.86 in Q1 2019, up 34.2% from RMB 56,675,842.37 in Q1 2018[48] Government Subsidies and Other Income - The company reported a government subsidy of CNY 1,960,220.63 included in non-operating income[15] - Non-recurring gains and losses totaled CNY 1,084,985.49 after tax adjustments[17] - The company reported a significant increase in investment income, reaching RMB 99,749.52, compared to a loss of RMB 497,797.76 in the previous year[23] Financial Expenses - The company's financial expenses decreased by 70.15% to RMB 15,925,470.18, mainly due to a reduction in exchange losses during the reporting period[23] - Financial expenses decreased significantly to RMB 15,925,470.18 in Q1 2019 from RMB 53,344,184.19 in Q1 2018[48] Taxation - The company experienced a 54.14% decrease in taxes payable, amounting to RMB 7,793,712.19, mainly due to a reduction in corporate income tax[21] - The company received tax refunds amounting to CNY 75.29 million, a decrease from CNY 104.51 million in the previous year[56] Convertible Bonds - The company is in the process of issuing convertible bonds, which was approved by the China Securities Regulatory Commission, although the issuance conditions have not matured as of the latest report[25]