LIBA(SH:603519)2019-04-26 16:00Financial Performance - Operating revenue increased by 20.89% to CNY 313,596,320.12 year-on-year[8] - Net profit attributable to shareholders increased by 128.62% to CNY 38,499,367.00 compared to the same period last year[8] - Basic earnings per share rose by 54.55% to CNY 0.17[8] - The weighted average return on equity increased by 2.96 percentage points to 5.26%[8] - Revenue for Q1 2019 was CNY 313,596,320.12, an increase of 20.9% compared to CNY 259,413,427.34 in Q1 2018[24] - Net profit for Q1 2019 reached CNY 38,499,367.00, up 128.5% from CNY 16,840,059.84 in Q1 2018[24] - Operating profit for Q1 2019 was CNY 45,453,080.12, representing a 125.0% increase from CNY 20,154,540.32 in Q1 2018[24] Assets and Liabilities - Total assets decreased by 7.97% to CNY 871,575,077.77 compared to the end of the previous year[8] - Total liabilities decreased to CNY 119,726,256.46 from CNY 233,666,717.27 in the previous year[22] - Owner's equity increased to CNY 751,848,821.31 from CNY 713,349,454.31 in the previous year[22] Cash Flow - Net cash flow from operating activities decreased by 50.17% to CNY 10,445,939.22 year-on-year[8] - Cash flow from operating activities for Q1 2019 was CNY 10,445,939.22, down 50.1% from CNY 20,962,386.30 in Q1 2018[27] - Cash flow from investing activities was negative CNY 473,106.38, compared to negative CNY 29,959,461.24 in Q1 2018[27] - The net cash flow from financing activities was -$14,551,312.18[28] - The net increase in cash and cash equivalents was $8,859,693.12, contrasting with a decrease of -$28,000,271.59 in the prior year[28] - The beginning balance of cash and cash equivalents was $172,148,071.60, down from $195,596,898.94[28] - The ending balance of cash and cash equivalents was $181,007,764.72, compared to $167,596,627.35 in the previous period[28] Shareholder Information - The number of shareholders reached 6,508 at the end of the reporting period[12] - The largest shareholder, Lu Fengxian, holds 45.23% of the shares[13] Expenses and Other Income - Research and development expenses increased by 48.34% to ¥10,701,903.56 as the company intensified new product development efforts[16] - Income tax expenses increased by 123.27% to ¥6,852,412.19 due to profit growth leading to higher tax provisions[16] - Other operating income surged by 3,396.65% to ¥50,000.05 primarily from increased subsidies received[16] - Cash paid for purchasing goods and services rose by 46.32% to ¥146,806,567.64 due to increased cash outflows for raw material purchases[16] - Cash received from other operating activities increased by 83.63% to ¥36,288,285.50 mainly from the recovery of cash deposits[16] Accounts Receivable and Payable - Accounts receivable increased by 57.86% to ¥60,011,896.81 due to an increase in cash received from sales[16] - The company experienced a 51.14% decrease in accounts payable, reflecting reduced payment obligations[16] Foreign Exchange and Financial Expenses - The company reported a decrease in foreign exchange losses due to fluctuations in the RMB to USD exchange rate[8] - Financial expenses decreased by 59.88% to ¥2,448,111.89 mainly due to reduced exchange losses from RMB to USD fluctuations[16] - The company reported a 100% decrease in investment income, with no returns from financial products during the reporting period[16]