hailir(SH:603639)2019-04-25 16:00Financial Performance - Operating revenue rose by 12.91% to CNY 601,662,147.59 year-on-year[6] - Net profit attributable to shareholders decreased by 24.32% to CNY 68,421,552.07 compared to the same period last year[6] - Basic earnings per share decreased by 24.07% to CNY 0.41[6] - Net profit decreased by 24.31% to CNY 68,421,552.07 from CNY 90,397,483.99, attributed to a decline in gross margin and rising expenses[11] - Net profit for Q1 2019 was CNY 68,421,552.07, a decrease of 24.3% from CNY 90,397,483.99 in Q1 2018[25] - The company reported a total profit of ¥3,661,200.17 for Q1 2019, down 89.6% from ¥35,118,882.24 in Q1 2018[28] Assets and Liabilities - Total assets increased by 7.95% to CNY 3,486,450,905.37 compared to the end of the previous year[6] - Total assets as of March 31, 2019, amounted to CNY 3,486,450,905.37, compared to CNY 3,229,574,444.83 at the end of 2018[18] - Total liabilities increased to CNY 1,454,258,213.57 from CNY 1,273,009,895.25, indicating a rise in financial obligations[18] - Total liabilities for Q1 2019 were CNY 945,615,610.21, up from CNY 869,121,211.96 in Q1 2018, indicating an increase of 8.8%[22] Cash Flow - Cash flow from operating activities showed a slight improvement, with a net cash outflow of CNY 61,904,237.26, a decrease of 1.00% year-on-year[6] - The cash flow from operating activities showed a net outflow of ¥61,904,237.26, slightly improved from a net outflow of ¥62,531,724.56 in Q1 2018[31] - Cash inflow from operating activities for Q1 2019 was $197.21 million, up from $131.76 million in Q1 2018, representing a 49.6% increase[34] - Net cash flow from operating activities for Q1 2019 was -$135.56 million, slightly worse than -$134.58 million in Q1 2018[34] Shareholder Information - The number of shareholders reached 12,586 at the end of the reporting period[8] - The top shareholder, Zhang Aiying, holds 38.33% of the shares, totaling 64,925,000 shares[8] Expenses - Research and development expenses increased by 86.06% to CNY 20,385,158.61, reflecting a stronger commitment to innovation[11] - The company reported a significant increase in sales expenses, which rose by 43.80% to CNY 42,423,957.10 due to higher personnel and travel costs[11] - Management expenses surged by 58.44% to CNY 30,557,370.59, driven by stock incentives and depreciation[11] - Research and development expenses rose to CNY 20,385,158.61 in Q1 2019 from CNY 10,956,120.27 in Q1 2018, reflecting an increase of 86.5%[24] Accounts Receivable and Inventory - Accounts receivable increased by 28.24% to CNY 555,165,427.30 due to seasonal sales[10] - Accounts receivable increased to CNY 280,395,248.23 in Q1 2019 from CNY 238,321,922.84 in Q1 2018, representing a growth of 17.6%[21] - Inventory decreased to CNY 291,329,734.57 in Q1 2019 from CNY 351,606,123.04 in Q1 2018, a decline of 17.1%[21] Cash and Cash Equivalents - The company's cash and cash equivalents stood at CNY 800,590,353.49, up from CNY 721,888,335.57 at the end of 2018[16] - Cash and cash equivalents at the end of Q1 2019 totaled ¥756,098,924.00, an increase from ¥460,754,713.06 at the end of Q1 2018[32] - The ending cash and cash equivalents balance for Q1 2019 was $340.38 million, up from $154.95 million in Q1 2018, reflecting a 119.9% increase[35] Financing Activities - Short-term borrowings rose to CNY 403,000,000.00, up 65.84% from CNY 243,000,000.00, primarily due to temporary liquidity needs[11] - The company received $360 million in borrowings during Q1 2019, compared to $70 million in Q1 2018, indicating a 414.3% increase in financing[35] - The financing activities generated a net cash inflow of ¥146,106,903.95 in Q1 2019, compared to ¥69,965,800.72 in Q1 2018[32] - Net cash flow from financing activities for Q1 2019 was $218.50 million, improving from -$10.99 million in Q1 2018[35]