xinje(SH:603416)2019-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 13.89% to CNY 31,121,472.85 year-on-year[6] - Operating revenue rose by 15.01% to CNY 133,810,697.14 compared to the same period last year[6] - Basic and diluted earnings per share increased by 15.79% to CNY 0.22 per share[6] - Net profit increased by 13.85% to ¥31,121,472.85, reflecting growth in operating income[12] - Total operating revenue for Q1 2019 was CNY 133,810,697.14, an increase of 15.1% compared to CNY 116,348,530.02 in Q1 2018[21] - Net profit for Q1 2019 reached CNY 31,131,661.55, a 14.9% increase from CNY 27,334,335.73 in Q1 2018[22] - Revenue for Q1 2019 was approximately ¥133.21 million, an increase of 14.7% compared to ¥116.09 million in Q1 2018[26] - Net profit for Q1 2019 reached ¥30.96 million, up 14.8% from ¥26.96 million in Q1 2018[30] Cash Flow - The net cash flow from operating activities was CNY 23,569,241.77, a significant improvement from a negative CNY 6,413,292.49 in the previous year[6] - Cash flow from operating activities improved significantly to ¥23,569,241.77, compared to a negative cash flow of ¥6,413,292.49 in the previous year[12] - Operating cash flow for Q1 2019 was ¥23.57 million, a significant improvement from a negative cash flow of ¥6.41 million in Q1 2018[29] - Net cash flow from operating activities reached ¥23,489,689.58, a significant improvement compared to a net outflow of ¥6,521,993.77 in the previous year[33] Assets and Liabilities - Total assets increased by 3.75% to CNY 1,251,686,971.84 compared to the end of the previous year[6] - Total assets reached ¥1,251,686,971.84, up from ¥1,206,430,949.34 year-over-year[16] - The company's total assets as of March 31, 2019, were CNY 1,250,341,356.64, compared to CNY 1,205,813,469.56 at the end of 2018[20] - The company’s total liabilities rose to ¥160,346,656.77, compared to ¥146,229,702.00 in the previous year[17] - The company's total liabilities were CNY 159,671,733.45 as of March 31, 2019, compared to CNY 146,098,971.18 at the end of 2018[20] - Total liabilities amounted to ¥146,229,702.00, with current liabilities at ¥133,133,695.22[36] - Total liabilities were approximately $146.10 million, with current liabilities at approximately $133.00 million and non-current liabilities at approximately $13.10 million[39] Shareholder Information - The number of shareholders reached 7,866 at the end of the reporting period[9] - The top shareholder, Li Xin, holds 35.10% of the shares, totaling 49,335,160 shares[9] Research and Development - Research and development expenses grew by 25.61% to ¥11,432,772.30, indicating increased investment in innovation[12] - Research and development expenses for Q1 2019 were CNY 11,432,772.30, compared to CNY 9,101,931.89 in Q1 2018, indicating a 25.5% increase[21] Investment Income - The company reported a non-operating income of CNY 4,931,250.60, primarily from investment income[6] - Investment income increased by 39.96% to ¥5,927,611.75, driven by higher returns from financial products[12] Inventory and Current Assets - Accounts receivable increased by 26.30% to ¥55,209,434.20 due to higher sales revenue[12] - Inventory increased by 6.11% to ¥173,850,289.54, reflecting changes in production and sales strategies[12] - Current assets totaled CNY 1,060,338,140.42 as of March 31, 2019, an increase from CNY 998,489,034.13 at the end of 2018[19] - The company’s total current assets were ¥1,004,336,239.18, with inventory valued at ¥163,835,370.14[35] Financial Standards and Adjustments - The company has implemented new financial instrument standards, impacting the classification of financial assets[36] - The company has implemented new financial instrument standards effective January 1, 2019, impacting the classification of financial products[40] - The company has not reported any adjustments related to the new leasing standards, indicating stability in its financial reporting[41]