Kings(SH:603505)2019-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 103.03% to CNY 41,496,552.56 year-on-year[15] - Operating income grew by 33.11% to CNY 131,715,564.42 compared to the same period last year[15] - Basic earnings per share increased by 88.89% to CNY 0.17 compared to the same period last year[15] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 103.30% to CNY 39,317,098.05[15] - Total operating revenue for Q1 2019 was RMB 131,715,564.42, an increase of 33.1% compared to RMB 98,951,412.39 in Q1 2018[33] - Net profit for Q1 2019 reached RMB 41,729,209.73, a significant increase of 105.5% from RMB 20,312,150.87 in Q1 2018[34] - Operating profit for Q1 2019 was RMB 56,976,015.05, up from RMB 28,855,539.54 in Q1 2018, marking a growth of 97.4%[33] Cash Flow - Net cash flow from operating activities surged by 642.96% to CNY 18,115,782.25 compared to the previous year[15] - Cash inflow from operating activities in Q1 2019 was CNY 191,154,506.48, up from CNY 67,702,260.79 in Q1 2018, indicating a growth of approximately 182%[39] - Net cash flow from operating activities for Q1 2019 was CNY 18,115,782.25, compared to CNY 2,438,341.71 in Q1 2018, showing a substantial improvement[40] - Net cash flow from financing activities increased by 94.38% to CNY 66,913,412.21 from CNY 34,423,998.23, primarily due to increased bank loans[21] - Cash received from sales of goods and services in Q1 2019 was CNY 189,751,760.85, compared to CNY 67,387,373.66 in Q1 2018, marking an increase of approximately 181%[39] Assets and Liabilities - Total assets increased by 3.01% to CNY 1,558,557,639.54 compared to the end of the previous year[15] - Total liabilities increased to CNY 672,618,336.02 from CNY 668,706,485.03, reflecting a growth of approximately 0.14% year-over-year[26] - Total equity rose to CNY 885,939,303.52 compared to CNY 844,343,791.27, marking an increase of about 4.93%[26] - Total current assets decreased to CNY 683,114,951.27 from CNY 699,584,300.26, a reduction of approximately 2.36%[29] - The total liabilities reached 668,706,485.03 CNY, with current liabilities accounting for 588,258,713.42 CNY[47] Shareholder Information - The total number of shareholders reached 16,953 at the end of the reporting period[17] - Zhejiang Jinshi Industrial Co., Ltd. holds 50.20% of the shares, making it the largest shareholder[17] - Unallocated profits attributable to the parent company increased to CNY 239,626,883.07 from CNY 231,183,259.59, an increase of approximately 3.9%[30] - Total equity attributable to the parent company reached ¥841,043,188.73 as of Q1 2019[48] Expenses - Financial expenses decreased by 66.31% to ¥1,653,017.03 from ¥4,906,957.40, attributed to reduced interest expenses and foreign exchange gains[19] - Tax expenses rose by 89.99% to ¥15,175,327.30 from ¥7,987,637.87, primarily due to an increase in total profit[21] - Research and development expenses for Q1 2019 were RMB 403,763.78, indicating ongoing investment in innovation[33] - Sales expenses increased to RMB 8,340,823.26 in Q1 2019 from RMB 5,819,723.46 in Q1 2018, a rise of 43.4%[33] - Management expenses rose to RMB 12,087,339.90 in Q1 2019, compared to RMB 9,930,492.84 in Q1 2018, an increase of 21.7%[33] Inventory and Receivables - The company’s inventory rose to ¥80,791,501.81 from ¥71,800,992.05, indicating a strategic buildup of stock[23] - Accounts receivable decreased to CNY 184,559,769.69 from CNY 221,013,552.95, a decline of about 16.5%[29] - The company maintained receivables of ¥221,013,552.95, with notes receivable at ¥155,122,852.38 and accounts receivable at ¥65,890,700.57[48]