地素时尚(603587) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 32.58% to CNY 195,128,460.02 year-on-year[10] - Operating income rose by 13.53% to CNY 583,519,867.99 compared to the same period last year[10] - Basic earnings per share increased by 13.95% to CNY 0.49 compared to the previous year[10] - Total operating revenue for Q1 2019 reached ¥583,519,867.99, an increase of 13.5% compared to ¥513,977,415.32 in Q1 2018[44] - Operating profit for Q1 2019 was ¥214,324,400.12, up 11.4% from ¥192,453,447.41 in Q1 2018[47] - Net profit for Q1 2019 was ¥195,128,436.99, representing a 32.5% increase from ¥147,176,757.33 in Q1 2018[47] - The company reported a total profit of ¥260,773,638.02 for Q1 2019, compared to ¥197,920,382.16 in Q1 2018, reflecting strong operational performance[47] - Total comprehensive income for Q1 2019 was ¥133,244,254.08, an increase of 39% compared to ¥95,975,592.85 in Q1 2018[54] Assets and Liabilities - Total assets increased by 4.31% to CNY 3,722,511,296.86 compared to the end of the previous year[10] - Total liabilities decreased to ¥439,210,294.12 from ¥480,825,806.26, a decline of around 8.6%[33] - Current liabilities decreased to ¥417,545,067.99 from ¥458,756,418.80, reflecting a reduction of approximately 9%[33] - Non-current assets totaled ¥615,423,221.60, up from ¥593,155,381.73, indicating an increase of about 3.4%[32] - Cash and cash equivalents decreased from ¥2,530,320,385.84 to ¥1,909,060,186.16, representing a decline of approximately 24.5%[27] - Cash and cash equivalents at the end of Q1 2019 were ¥1,909,060,186.16, down from ¥1,018,508,324.31 at the end of Q1 2018[62] Cash Flow - Net cash flow from operating activities increased by 29.47% to CNY 184,744,686.27 year-on-year[10] - Cash inflow from operating activities in Q1 2019 was ¥727,196,407.39, up 23.6% from ¥588,489,519.60 in Q1 2018[60] - Net cash flow from operating activities for Q1 2019 was ¥184,744,686.27, an increase of 29.5% compared to ¥142,698,071.53 in Q1 2018[60] - Cash outflow for investment activities in Q1 2019 totaled ¥805,767,183.29, significantly higher than ¥28,534,905.03 in Q1 2018[60] - Net cash flow from investment activities for Q1 2019 was -¥805,752,328.29, compared to -¥28,534,905.03 in Q1 2018[60] Shareholder Information - The number of shareholders at the end of the reporting period was 26,921[16] - The largest shareholder, Ma Ruimin, holds 53.86% of the shares[16] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 46,757,705.37 during the reporting period[11] - Management expenses rose by 52.99%, from ¥18,217,113.08 to ¥27,870,195.40, driven by higher wages and depreciation costs[21] - The company’s tax liabilities increased by 34.42%, from ¥95,370,760.46 to ¥128,193,003.97, reflecting a rise in corporate income tax obligations[21] - Financial expenses saw a drastic increase of 505.78%, from ¥-1,794,888.18 to ¥-10,873,040.01, due to higher interest on time deposits[21] Asset Composition Changes - The company's cash and cash equivalents decreased from ¥2,530,320,385.84 to ¥1,909,060,186.16, representing a decline of approximately 24.5%[27] - The trading financial assets increased to ¥760,000,000.00, indicating a new investment strategy involving idle funds[27] - Other current assets rose significantly by 57.30%, from ¥2,575,910.82 to ¥4,051,920.32, due to an increase in deductible input tax[21] - Intangible assets surged by 283.86%, from ¥9,107,032.33 to ¥34,957,994.65, attributed to the acquisition of land use rights[21] - Accounts payable decreased by 61.37%, from ¥81,885,277.25 to ¥31,635,647.73, as a result of partial payment of goods[21] Research and Development - Research and development expenses for Q1 2019 amounted to ¥16,715,974.58, a slight increase from ¥15,533,322.44 in Q1 2018[44] - Sales expenses for Q1 2019 were ¥170,469,651.37, up from ¥140,849,792.10 in Q1 2018, indicating increased investment in marketing[44] Compliance and Reporting - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company has not applied the new financial instruments, revenue, and lease standards for the current financial statements[68] - There are no retrospective adjustments for prior comparative data related to the new financial instruments and lease standards[68] - The audit report is not applicable for the current period[68]