Hexing(SH:603556)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached approximately ¥76.85 million, an increase of 55.58% year-on-year[4]. - Operating revenue for the period was approximately ¥526.32 million, reflecting a year-on-year growth of 5.95%[4]. - The net cash flow from operating activities was approximately ¥13.09 million, a significant improvement from a negative cash flow of ¥19.04 million in the same period last year, representing a 168.77% increase[4]. - Basic earnings per share were ¥0.16, up 23.08% from ¥0.13 in the previous year[4]. - The company reported a net profit of CNY 1,923,386,176.33, up from CNY 1,841,652,954.29, indicating an increase of about 4.5%[18]. - The net profit for Q1 2019 reached RMB 76,088,121.36, compared to RMB 49,287,825.84 in Q1 2018, representing a growth of 54.3%[23]. - The net profit for Q1 2019 reached CNY 66.33 million, significantly up from CNY 16.01 million in the same period last year, representing a growth of 314.57%[26]. - The total comprehensive income for Q1 2019 was CNY 67.71 million, compared to CNY 17.55 million in Q1 2018, marking an increase of 285.73%[26]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥6.40 billion, a decrease of 0.21% compared to the end of the previous year[4]. - The company's total liabilities were CNY 1,515,525,600.44, slightly up from CNY 1,510,393,490.71[17]. - Total assets amounted to CNY 6,395,509,112.77, a slight decrease from CNY 6,408,966,314.01 in the previous period[18]. - Current assets totaled CNY 5,608,498,091.70, up from CNY 5,038,537,622.07, reflecting a growth of approximately 11.3%[18]. - The company's total liabilities reached ¥1,510,393,490.71, with current liabilities totaling ¥1,299,456,985.43, showing a slight increase of ¥813,812.69[34]. - The company’s total liabilities and shareholders' equity combined amounted to ¥6,408,966,314.01, consistent with total assets[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,199[8]. - Zhejiang Haixing Holding Group Co., Ltd. held 48.48% of the shares, making it the largest shareholder[8]. - The company’s total equity attributable to shareholders was ¥4,891,422,058.24, reflecting a decrease of ¥813,812.69[34]. Cash Flow - The company reported a net cash flow from operating activities of RMB 13,092,763.07, a recovery from a negative cash flow of RMB -19,038,836.75 in the same period last year[12]. - The cash flow from operating activities for Q1 2019 was CNY 13.09 million, a turnaround from a negative cash flow of CNY -19.04 million in Q1 2018[27]. - The total cash inflow from operating activities was CNY 736.71 million, compared to CNY 689.08 million in Q1 2018, an increase of 6.93%[27]. - The company achieved a net cash inflow from investment activities of CNY 1.81 billion in Q1 2019, a significant increase from CNY 497.58 million in Q1 2018[27]. - The net cash flow from investment activities was -40,367,968.21 RMB in Q1 2019, an improvement from -313,095,301.72 RMB in Q1 2018[30]. Investment and Expenses - The company reported non-operating income of approximately ¥10.80 million from bank wealth management products[5]. - Research and development expenses increased to RMB 36,678,494.84 in Q1 2019, up from RMB 30,452,189.07 in Q1 2018, marking a rise of 20.5%[22]. - The company’s investment income rose to RMB 9,236,249.54, a recovery from a loss of RMB -784,649.45 in the same period last year[12]. - The company’s financial expenses decreased significantly to RMB -3,158,639.94 from RMB 35,747,909.87 in the previous year[12]. - The company reported a financial expense of RMB -3,158,639.94 in Q1 2019, a significant improvement from RMB 35,747,909.87 in Q1 2018[23]. Inventory and Receivables - The company's inventory stock increased by 56.03% to RMB 213,337,722.11, due to the implementation of share buybacks[12]. - Other receivables rose significantly to CNY 99,604,444.26 from CNY 62,432,371.61, marking an increase of approximately 59.6%[18]. - Prepayments increased by 164.03% to RMB 55,641,355.91, attributed to growth in domestic business and increased advance payments for materials[10]. Regulatory and Accounting Changes - The company implemented new financial instrument and lease accounting standards effective January 1, 2019, impacting the financial statements[38].