伟明环保(603568) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 232,071,806.85, an increase of 30.56% year-on-year [4]. - Operating revenue for the period reached CNY 479,349,544.28, representing a growth of 48.83% compared to the same period last year [4]. - Basic earnings per share increased to CNY 0.34, up 30.77% from CNY 0.26 in the same period last year [4]. - The diluted earnings per share rose to CNY 0.35, reflecting a 34.62% increase from the previous year [4]. - Net profit for Q1 2019 was ¥231,522,586.19, representing a 30.2% increase from ¥177,755,047.02 in Q1 2018 [28]. - The total profit for Q1 2019 was CNY 169,828,658.39, up from CNY 7,706,127.96 in Q1 2018, indicating a growth of 2,103.5% [29]. Cash Flow - The net cash flow from operating activities was CNY -22,580,455.58, a decline of 157.78% compared to the previous year [4]. - The company reported a cash flow from operating activities showing a net outflow of CNY 22,580,455.58 in Q1 2019, compared to a net inflow of CNY 39,079,272.05 in Q1 2018 [32]. - The cash inflow from operating activities totaled 31,095,774.59 RMB in Q1 2019, compared to 26,671,791.62 RMB in Q1 2018, showing a year-over-year increase [34]. - The company incurred financial expenses of CNY 9,074,872.62 in Q1 2019, a substantial increase from CNY 387,065.06 in Q1 2018 [29]. - The company reported a cash outflow from financing activities of CNY 389,995,898.53 in Q1 2019, compared to CNY 40,744,783.71 in Q1 2018, indicating a significant increase in financing activities [32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,698,408,020.06, a decrease of 0.71% compared to the end of the previous year [4]. - The company’s cash and cash equivalents decreased by 52.20% to ¥566,632,617.49 due to loan repayments and increased project construction expenditures [9]. - Total liabilities decreased to ¥2,376,893,872.65 from ¥2,653,417,870.88, reflecting a decrease of around 10.4% [23]. - Total equity increased to ¥3,321,514,147.41 from ¥3,085,824,461.96, marking an increase of about 7.6% [23]. - Current liabilities decreased to ¥515,794,554.18 from ¥659,792,681.34, a reduction of about 21.8% [22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,603 [7]. - The largest shareholder, Weiming Group Co., Ltd., held 44.38% of the shares [7]. Research and Development - The company’s R&D expenses increased by 33.59% to ¥6,775,060.42, reflecting higher investment in research and development activities [11]. - Research and development expenses for Q1 2019 amounted to ¥6,775,060.42, an increase from ¥5,071,362.58 in Q1 2018, indicating a focus on innovation [27]. Project Developments - The company signed a concession agreement for a solid waste comprehensive treatment project in Lianhua County with a processing capacity of 500 tons per day [14]. - The company signed a waste transportation agreement in Jiashan County with a service scale of 1,050 tons of waste per day for approximately 28 years [14]. - The company signed a concession agreement for the Yongfeng County waste incineration power project with a total processing capacity of 1,200 tons/day [15]. - The company successfully won the bid for the Minqing County waste incineration power PPP project with a total processing capacity of 600 tons/day [15]. - The company signed a contract for the Pingtan kitchen waste treatment plant project with a contract amount of 46.5 million yuan [16].