天创时尚(603608) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 48.87% to CNY 38,352,066 compared to the same period last year[7]. - Operating income increased by 4.52% to CNY 490,991,983 compared to the same period last year[7]. - Basic earnings per share decreased by 47.06% to CNY 0.09 compared to the same period last year[7]. - The company's total revenue for the first quarter was CNY 399,350,097, a decrease of 2.38% compared to the same period last year[24]. - The gross margin for the footwear and leather products segment was 55.64%, down 2.78 percentage points year-on-year[24]. - Net profit for Q1 2019 was CNY 38,708,854, a decrease of 48.5% from CNY 75,173,235 in Q1 2018[43]. - Operating profit for Q1 2019 was CNY 43,882,180, down 51.6% from CNY 90,672,093 in Q1 2018[43]. - The company reported a total comprehensive income of CNY 39,093,602 for Q1 2019, compared to CNY 73,625,666 in Q1 2018[43]. Cash Flow and Financing - Net cash flow from operating activities decreased by 31.18% to CNY 27,647,349 compared to the same period last year[7]. - The company's cash flow from financing activities was negative at CNY -22,463,092, primarily due to cash outflows for share repurchases[19]. - The net cash flow from operating activities was ¥27,647,349, a decrease of 31% compared to ¥40,172,791 in the same period last year[48]. - The net cash flow from investing activities was -¥57,423,891, an improvement from -¥122,751,237 in Q1 2018[48]. - The net cash flow from financing activities was -¥22,463,092, compared to -¥588,936 in the previous year, showing a significant reduction in cash outflow[49]. - The company received ¥78,000,000 in borrowings during Q1 2019, while there were no borrowings in Q1 2018[51]. Assets and Liabilities - Total assets decreased by 4.33% to CNY 2,595,115,655 compared to the end of the previous year[7]. - The company's net assets attributable to shareholders decreased by 2.83% to CNY 2,093,563,924 compared to the end of the previous year[7]. - Total liabilities decreased to CNY 482,491,022 from CNY 539,521,857, representing a reduction of about 10.6%[38]. - Current liabilities totaled CNY 470,967,227, down from CNY 527,388,363, indicating a decrease of approximately 10.7%[38]. - The company's total current assets amounted to RMB 1,299,448,469, a decrease from RMB 1,418,689,983 as of December 31, 2018[36]. - The company’s total liabilities and equity amounted to CNY 2,399,794,148 as of the end of Q1 2019[42]. Shareholder Information - The total number of shareholders reached 23,581 at the end of the reporting period[11]. - The top shareholder, Gao Chuang Co., Ltd., holds 21.97% of the shares, totaling 94,780,896 shares[11]. - The company has approved a share repurchase plan with a total fund amount between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 14.00 per share[28]. - As of March 6, 2019, the company has repurchased 9,230,020 shares, accounting for 2.14% of the total share capital, at an average price of RMB 10.8375 per share, totaling approximately RMB 100 million[29]. Expenses and Costs - The company incurred financial expenses of CNY 213,879, a significant increase of 345.93% due to higher bank loan interest costs[16]. - The tax expenses increased by 54.59% to CNY 7,014,005, mainly due to higher urban maintenance and construction tax payments[16]. - Total operating costs for Q1 2019 were CNY 450,906,981, up 14.3% from CNY 394,443,959 in Q1 2018[42]. - Research and development expenses for Q1 2019 were CNY 8,849,653, an increase of 13.4% from CNY 7,801,122 in Q1 2018[42]. Investments - The investment income decreased by 49.31% to CNY 2,169,775, primarily due to reduced returns from wealth management products[17]. - Long-term investments in equity increased to CNY 14,730,250 from CNY 13,894,183, showing a growth of about 6.0%[37]. Other Financial Information - The company reported non-operating income of CNY 2,693,462 from various sources[9]. - The company has returned RMB 80 million of temporarily used idle funds to the special account for raised funds[33]. - The company has implemented new financial instrument standards and new lease standards, with retrospective adjustments to prior comparative data not applicable[60].