Champion Asia(SH:603386)2019-04-08 16:00Financial Performance - Operating income rose by 10.33% to CNY 273,730,408.45 year-on-year[6] - Net profit attributable to shareholders increased by 10.82% to CNY 17,196,829.95 compared to the same period last year[6] - Basic and diluted earnings per share increased by 12.50% to CNY 0.09[6] - Total operating revenue for Q1 2019 was CNY 273,730,408.45, an increase of 10.4% compared to CNY 248,091,867.05 in Q1 2018[27] - Net profit for Q1 2019 reached CNY 17,196,829.95, representing a 10.8% increase from CNY 15,517,918.63 in Q1 2018[28] - The company's total comprehensive income for Q1 2019 was ¥11,048,242.39, up from ¥8,308,798.20 in Q1 2018, indicating strong overall performance[31] Cash Flow - Net cash flow from operating activities improved significantly, with a net inflow of CNY 39,969,985.72, a 259.84% increase year-on-year[6] - The net cash flow from operating activities for Q1 2019 was ¥39,969,985.72, a significant recovery from a negative cash flow of -¥25,006,908.33 in Q1 2018[34] - The net cash flow from investing activities improved by 75.56% to -¥9,342,032.44 from -¥38,222,225.83, due to reduced investment in financial products[12] - The net cash flow from investing activities was -35,595,916.64 RMB, compared to -11,964,614.18 RMB in the previous year[36] - Cash inflow from financing activities totaled 53,255,447.18 RMB, an increase from 27,668,334.32 RMB year-over-year[36] Assets and Liabilities - Total assets increased by 3.66% to CNY 1,559,237,249.96 compared to the end of the previous year[6] - Total liabilities reached CNY 887,897,222.15, up from CNY 849,162,543.84, marking an increase of approximately 4.66%[20] - The company's equity increased to CNY 671,340,027.81 from CNY 654,991,544.76, reflecting a growth of about 2.49%[20] - Current assets totaled CNY 649,133,642.97, slightly down from CNY 655,594,043.39, indicating a decrease of about 0.70%[19] - Total liabilities as of Q1 2019 amounted to CNY 427,897,855.13, an increase from CNY 367,978,189.11 in the previous year[24] Shareholder Information - The total number of shareholders reached 22,883, with the largest shareholder holding 71.92% of the shares[9][10] Management and Expenses - Management expenses increased by 68.92% to ¥17,375,868.58 from ¥10,286,276.94, reflecting the company's expanded scale[11] - Research and development expenses for Q1 2019 were CNY 9,718,738.02, a decrease of 14.9% from CNY 11,405,477.99 in Q1 2018[27] - Financial expenses for Q1 2019 were CNY 4,158,256.17, significantly higher than CNY 1,951,676.94 in Q1 2018[27] Company Developments - The company has not disclosed any new product developments or market expansion strategies in this report[6] - There are no significant mergers or acquisitions reported during this period[6] - The company plans to acquire 100% equity of Shenzhen Mutai and Changsha Mutai through a combination of stock issuance and cash payment[12] - The company received a feedback notice from the China Securities Regulatory Commission regarding its major asset restructuring plan, requiring further verification[12] - The company is implementing a restricted stock incentive plan, pending approval from the shareholders' meeting[14] Compliance and Reporting - The company has complied with the new financial reporting format as mandated by the Ministry of Finance[37] - The impact of the new financial reporting format on comparable periods has been adjusted accordingly[37] - The company did not apply the new financial instrument standards or new revenue standards for the first quarter[39] - The company did not have an applicable audit report for this period[39]