Huada(SH:603358)2019-04-28 16:00Financial Performance - Operating revenue for the period was CNY 885,535,450.63, representing a year-on-year increase of 14.45%[12] - Net profit attributable to shareholders was CNY 36,279,474.59, a decrease of 55.57% compared to the same period last year[12] - Basic earnings per share were CNY 0.12, down from CNY 0.51 in the same period last year[12] - Total operating revenue for Q1 2019 was ¥885,535,450.63, an increase of 14.4% compared to ¥773,737,871.65 in Q1 2018[40] - Net profit for Q1 2019 was ¥41,799,868.29, a decrease of 48.9% from ¥81,662,475.87 in Q1 2018[43] - The total profit for Q1 2019 was ¥52,620,815.76, down 46.8% from ¥98,717,153.38 in Q1 2018[43] - Q1 2019 net profit was CNY 20,306,261.81, down 72.2% from CNY 73,182,785.82 in Q1 2018[45] - Q1 2019 operating profit was CNY 24,796,606.73, a decline of 71.3% from CNY 86,456,797.68 in the same period last year[45] Cash Flow - Net cash flow from operating activities was negative CNY 17,172,503.53, compared to positive CNY 18,966,308.72 in the previous year[12] - Q1 2019 cash flow from operating activities was CNY -17,172,503.53, compared to CNY 18,966,308.72 in Q1 2018[51] - The net cash flow from operating activities for Q1 2019 was -67,445,878.01 RMB, compared to -39,731,871.05 RMB in Q1 2018, indicating a decline in operational cash flow[53] - Q1 2019 total cash inflow from operating activities was CNY 1,053,618,604.61, up from CNY 884,178,389.38 in Q1 2018[51] - Q1 2019 cash outflow for operating activities was CNY 1,070,791,108.14, compared to CNY 865,212,080.66 in Q1 2018[51] - The company reported a net cash flow from financing activities of 115,674.63 RMB in Q1 2019, compared to 172,110.49 RMB in Q1 2018, reflecting a decrease of approximately 32.7%[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,650,946,681.27, a decrease of 1.10% compared to the end of the previous year[12] - Total current assets decreased to ¥2,494,618,070.06 from ¥2,925,684,248.97, a decline of approximately 14.7% year-over-year[35] - Total non-current assets slightly decreased to ¥909,922,862.78 from ¥918,728,150.04, a decline of about 1.0%[35] - Total liabilities decreased to ¥1,851,415,860.46 from ¥1,959,078,095.36, a decline of about 5.5%[31] - Total equity increased to ¥2,799,530,820.81 from ¥2,743,375,925.40, an increase of approximately 2.1%[31] - Total liabilities as of Q1 2019 amounted to ¥948,703,348.52, a decrease of 32.7% from ¥1,408,881,076.50 in the previous year[38] - Total equity as of Q1 2019 was ¥2,455,837,584.32, an increase from ¥2,435,531,322.51 in Q1 2018[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,616[18] - The largest shareholder, Chen Jinghong, held 56.09% of the shares, with 32,480,000 shares pledged[18] Inventory and Expenses - Inventory increased to ¥629,437,109.28 from ¥604,926,834.26, an increase of about 4.0%[35] - Research and development expenses for Q1 2019 were ¥28,437,019.74, with no prior year data available for comparison[40] - The company reported a decrease in management expenses to ¥27,772,943.69 from ¥47,982,961.86 in Q1 2018, reflecting a cost control strategy[40] Other Financial Indicators - The weighted average return on net assets decreased to 1.39%, down 1.78 percentage points from the previous year[12] - The company reported a government subsidy of CNY 392,687.49 included in the current period's profit and loss[15] - There were no significant changes in major accounting items or financial indicators during the reporting period[22]