Junhe(SH:603617)2019-04-24 16:00Financial Performance - Operating revenue for the period reached CNY 212,590,544.64, reflecting a growth of 12.18% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 18,752,090.46, an increase of 3.35% compared to the same period last year[6] - Basic earnings per share rose by 10.00% to CNY 0.22[6] - The net profit for Q1 2019 was CNY 17,292,965.91, an increase from CNY 13,719,746.88 in Q1 2018, representing a growth of approximately 25.5%[33] - Total revenue for Q1 2019 reached ¥212.59 million, an increase of 12.2% compared to ¥189.51 million in Q1 2018[29] - Operating profit for Q1 2019 was ¥26.07 million, up 6.2% from ¥24.55 million in Q1 2018[30] - Net profit for Q1 2019 was ¥22.08 million, representing a 8.9% increase from ¥20.27 million in Q1 2018[30] - Earnings per share for Q1 2019 were ¥0.22, compared to ¥0.20 in Q1 2018[31] Assets and Liabilities - Total assets increased by 6.59% to CNY 899,762,301.33 compared to the end of the previous year[6] - Total current assets increased to ¥623,743,319.83 as of March 31, 2019, up from ¥566,816,895.15 at the end of 2018, representing an increase of approximately 10.4%[22] - Total non-current assets amounted to ¥276,018,981.50, slightly down from ¥277,299,856.65, indicating a decrease of about 0.5%[23] - Total liabilities increased to ¥350,371,822.42 from ¥319,425,341.23, representing an increase of approximately 9.7%[24] - Total equity attributable to shareholders rose to ¥549,390,478.91 from ¥524,691,410.57, an increase of about 4.7%[24] - Total assets increased to ¥909.26 million in Q1 2019, up from ¥855.94 million in Q1 2018[28] - Total liabilities rose to ¥432.23 million in Q1 2019, compared to ¥398.83 million in Q1 2018[28] Cash Flow - Cash flow from operating activities decreased by 28.45% to CNY 32,092,350.98 compared to the previous year[6] - The net cash flow from operating activities decreased to CNY 32,092,350.98 from CNY 44,850,501.27 in Q1 2018, reflecting a decline of approximately 28.5%[36] - Cash inflow from investment activities was CNY 20,397,770.41, down from CNY 41,924,354.47 in Q1 2018, a decrease of about 51.2%[36] - The net cash flow from financing activities improved to CNY 47,542,277.13, compared to a negative CNY 499,393.72 in Q1 2018[37] - The total cash and cash equivalents at the end of Q1 2019 reached CNY 210,448,991.94, up from CNY 171,999,642.74 at the end of Q1 2018, marking an increase of approximately 22.2%[37] Shareholder Information - The number of shareholders at the end of the reporting period was 8,081[11] - The largest shareholder, Ningbo Junhe Investment Holding Co., Ltd., held 52.66% of the shares[11] Research and Development - Research and development expenses grew by 37.24% to CNY 7,238,463.11, driven by increased project development[14] - Research and development expenses for Q1 2019 were ¥7.24 million, an increase of 37.2% from ¥5.27 million in Q1 2018[29] Inventory and Receivables - Accounts receivable increased by 31.58% to CNY 138,729,127.60 due to higher sales revenue[13] - Inventory decreased by 32.08% to CNY 106,944,772.60 as a result of increased sales[14] - Other current assets rose by 37.34% to CNY 154,731,504.60 due to increased purchases of financial products[14] - Prepayments increased by 66.48% to CNY 17,339,980.69, reflecting higher customer prepayments[14] Investment Activities - The company completed the acquisition of land and property for the annual production of 1.25 million pumps project, with a total investment of CNY 170.16 million[18] - The water pump technology research and development center project is progressing as planned after changing its location due to urban planning adjustments[17] - The total amount of raised funds was CNY 223.25 million, with a net amount of CNY 190.90 million after deducting issuance costs[15] - The company has implemented a three-party supervision agreement for the management of raised funds to protect investor interests[15]