苏利股份(603585) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 34.37% to CNY 79,887,934.13, compared to CNY 59,454,915.17 in the same period last year[6] - Operating revenue grew by 16.34% to CNY 442,490,012.38, up from CNY 380,358,194.94 year-on-year[6] - Basic earnings per share improved by 33.33% to CNY 0.44, compared to CNY 0.33 in the same period last year[6] - The total comprehensive income attributable to the parent company was CNY 79,887,934.13, an increase of 34.4% from CNY 59,454,915.17 in the previous year[26] - Net profit for Q1 2019 was ¥109,485,701.36, representing a growth of 32.19% from ¥82,803,715.42 in Q1 2018[22] - The company reported an operating profit of ¥132,009,161.82 for Q1 2019, compared to ¥102,326,896.22 in Q1 2018, marking a growth of 29.05%[22] Assets and Liabilities - Total assets increased by 5.00% to CNY 2,583,562,096 compared to the end of the previous year[6] - The total assets as of March 31, 2019, amounted to CNY 2,583,562,096.41, an increase from CNY 2,460,468,348.81 at the end of 2018[15] - The company’s non-current assets totaled CNY 703,698,187.95, up from CNY 634,382,762.14 at the end of 2018[15] - The total liabilities increased to CNY 235,708,508.12 from CNY 223,723,880.88, reflecting a rise in operational commitments[16] - Total liabilities amounted to CNY 223,723,880.88, with total equity at CNY 2,236,744,467.93, resulting in total assets of CNY 2,460,468,348.81[36] Cash Flow - Net cash flow from operating activities increased by 20.73% to CNY 136,020,205.62 compared to CNY 112,667,674.66 in the previous year[6] - The company’s cash flow from operating activities decreased by 43.69% to CNY 5,092.07 million compared to CNY 9,043.69 million in Q1 2018[11] - Cash flow from operating activities generated a net inflow of CNY 136,020,205.62, compared to CNY 112,667,674.66 in Q1 2018, marking a 20.7% increase[29] - The net cash flow from operating activities for Q1 2019 was ¥8,649,010.78, a decrease of 61.5% compared to ¥22,445,014.55 in Q1 2018[33] Shareholder Information - The number of shareholders reached 10,931 at the end of the reporting period[8] - The largest shareholder, Miao Jinfeng, holds 40.00% of the shares, totaling 72,000,000 shares[8] Expenses - Sales expenses rose to CNY 9,901.28 million, a 43.74% increase compared to CNY 6,888.24 million in the same period last year, primarily due to changes in transportation cost responsibilities[11] - Management expenses increased by 33.91% to CNY 17,945.20 million, driven by higher depreciation, amortization, and wage costs[11] - Financial expenses decreased significantly by 79.13% to CNY 2,664.53 million, attributed to reduced exchange losses during the period[11] Research and Development - Research and development expenses for Q1 2019 were ¥23,363,574.55, a decrease of 9.45% from ¥25,812,386.70 in Q1 2018[21] - Research and development expenses for Q1 2019 were CNY 3,257,442.15, slightly higher than CNY 3,183,343.43 in Q1 2018, indicating continued investment in innovation[25] Other Income and Investments - Interest income surged by 170.17% to CNY 2,572.55 million, resulting from an increase in monetary funds[11] - Other income increased dramatically by 763.25% to CNY 3,414.13 million, mainly due to higher government subsidies received[11] - The company recorded investment income of CNY 2,528,936.98 in Q1 2019, a significant recovery from a loss of CNY 101,754.56 in the same period last year[25] Inventory and Accounts Receivable - The company reported a significant decrease of 34.51% in accounts receivable, primarily due to the maturity of accepted bills[10] - The company's inventory decreased to ¥6,482,523.59 from ¥9,306,312.80 at the end of 2018, reflecting a reduction of 30.24%[18] - The company reported accounts receivable of CNY 21,250,760.56, including CNY 6,200,000.00 in notes receivable[39]