ZPEC(SH:603619)2019-04-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 66.97% to CNY 26,811,889.76 year-on-year[12] - Operating revenue declined by 9.11% to CNY 411,783,514.29 compared to the same period last year[12] - Basic earnings per share dropped by 65.00% to CNY 0.07[12] - The company reported a significant decrease in net profit due to various operational challenges and market conditions[12] - The company reported a net profit of ¥914,430,202.34, compared to ¥887,618,312.58, indicating an increase of approximately 3.1%[39] - Net profit for Q1 2019 was CNY 26,809,691.11, down 66.9% from CNY 81,166,414.32 in Q1 2018[51] - The total comprehensive income for Q1 2019 was CNY 34,828,572.11, down 57.3% from CNY 81,566,786.62 in Q1 2018[51] Assets and Liabilities - Total assets increased by 8.42% to CNY 4,679,416,428.52 compared to the end of the previous year[12] - Current assets increased by 7.31% to CNY 1,964,596,655.68 compared to CNY 1,830,558,930.80 at the beginning of the year[33] - Total liabilities amounted to ¥2,269,985,224.94, compared to ¥1,943,727,863.61, reflecting an increase of approximately 16.8%[39] - Total liabilities increased to CNY 2,584,419,863.14 in Q1 2019 from CNY 1,694,402,197.28 in Q1 2018, a rise of 52.4%[48] - The total assets increased to CNY 4,958,567,218.10 in Q1 2019 from CNY 4,060,960,138.08 in Q1 2018, representing a growth of 22.1%[48] Cash Flow - Net cash flow from operating activities decreased by 14.78% to CNY 24,513,548.85[12] - Net cash flow from investing activities decreased by 28.04% to CNY -238,901,051.51, primarily due to reduced cash payments for fixed asset purchases[31] - Net cash flow from financing activities increased by 30.00% to CNY 208,942,365.68, mainly due to increased cash received from borrowings[31] - Cash flow from operating activities for Q1 2019 was approximately ¥24.51 million, a decrease of 14.3% from ¥28.77 million in Q1 2018[59] - The net cash flow from operating activities was -22,132,842.93 RMB, an improvement from -155,729,655.89 RMB in the same quarter last year[64] Shareholder Information - The total number of shareholders reached 21,474 at the end of the reporting period[18] - The largest shareholder, Shanghai Zhongman Investment Holding Co., Ltd., holds 36.59% of shares, totaling 146,369,800 shares[18] Expenses and Income - Sales expenses decreased by 31.97% to CNY 8,737,104.68, mainly due to reduced market development costs[29] - Other income skyrocketed by 1581.16% to CNY 3,920,260.97, primarily from increased government subsidies[29] - Research and development expenses for Q1 2019 were CNY 10,627,031.39, down 38.6% from CNY 17,342,589.76 in Q1 2018[51] - The company reported a decrease in sales expenses to CNY 8,737,104.68 in Q1 2019 from CNY 12,842,467.05 in Q1 2018, a decline of 31.5%[51] Equity and Capital Structure - The company's equity increased to ¥2,409,431,203.58 from ¥2,372,142,577.16, representing a growth of about 1.6%[39] - The total equity attributable to shareholders reached ¥2,372,143,674.09, with retained earnings of ¥887,618,312.58[74] - The total liabilities to equity ratio stands at approximately 0.82, indicating a balanced capital structure[72] Other Financial Metrics - The weighted average return on net assets decreased by 2.06 percentage points to 1.12%[12] - Non-recurring gains and losses amounted to CNY 4,133,612.98 for the period[15] - The company incurred interest expenses of approximately ¥11.51 million in Q1 2019, significantly higher than ¥2.14 million in Q1 2018[53]