奇精机械(603677) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue increased by 26.35% to CNY 368,880,039.14 compared to the same period last year[7] - Net profit attributable to shareholders increased by 0.78% to CNY 18,756,171.21 compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 8.51% to CNY 16,818,174.11 compared to the same period last year[7] - Basic and diluted earnings per share remained unchanged at CNY 0.10[7] - The company's revenue for the reporting period was ¥367,258,380.43, a 35.86% increase compared to the same period last year[14] - The company's operating revenue for Q1 2019 was CNY 366,300,494.43, an increase of 25.6% compared to CNY 291,677,224.55 in Q1 2018[47] - The total profit for Q1 2019 was CNY 23,480,507.18, compared to CNY 23,371,532.59 in Q1 2018, showing a marginal increase of 0.5%[44] Assets and Liabilities - Total assets decreased by 6.11% to CNY 1,881,396,168.38 compared to the end of the previous year[7] - Total assets decreased to CNY 1,875,224,481.69 as of March 31, 2019, down from CNY 1,998,415,953.96 at the end of 2018, a decline of about 6.2%[40] - Total liabilities decreased to CNY 814,443,956.63 in Q1 2019, compared to CNY 957,186,464.53 in Q1 2018, reflecting a reduction of approximately 14.9%[41] - Current liabilities totaled CNY 556,827,944.57, down from CNY 703,534,244.45 in the previous year, indicating a decrease of about 20.9%[41] - Non-current liabilities totaled CNY 257,616,012.06, slightly up from CNY 253,652,220.08, showing a marginal increase of about 1.4%[41] - The company's total current assets as of March 31, 2019, amounted to 1,146.45 million RMB, down from 1,296.46 million RMB at the end of 2018[36] Cash Flow - The net cash flow from operating activities was CNY 19,430,934.62, a significant recovery from a negative cash flow of CNY -17,760,042.98 in the previous year[7] - Cash generated from operating activities reached ¥19,430,934.62, a significant turnaround from a loss of ¥17,760,042.98 in the previous year[14] - Total cash inflow from operating activities was ¥374,262,811.94, up from ¥290,062,084.91 in the same period last year, representing an increase of approximately 29%[49] - The company recorded cash outflows for operating activities totaling ¥354,831,877.32, compared to ¥307,822,127.89 in Q1 2018, indicating a rise of about 15%[49] - Cash flow from investment activities showed a net inflow of ¥130,729,561.54, a turnaround from a net outflow of ¥73,924,442.11 in the previous year[50] Shareholder Information - The number of shareholders reached 7,700 by the end of the reporting period[10] - The largest shareholder, Ningbo Qijing Holding Co., Ltd., holds 50.96% of the shares and has pledged 43,824,702 shares[10] Government Subsidies and Tax - The company received government subsidies amounting to CNY 1,438,513.02 during the reporting period[7] - The company reported a 40.05% increase in tax refunds received, totaling ¥3,066,690.90, due to higher export tax rebates[14] Investment and Expansion Plans - The company plans to invest ¥22,996.00 million in expanding production capacity for automotive powertrain components[20] - The company has invested 400 million RMB in the Zhujing Dongzheng Ruihe Investment Partnership, with 150 million RMB already paid in as of April 4, 2019[22] Legal Matters - The company has a pending lawsuit against Lin Yi Zhengke Electronics for 5,108,267.30 RMB, with a court ruling requiring the defendant to pay 4,969,757.88 RMB plus interest[28] - The company has fully provided for bad debts related to the lawsuit against Hangzhou Donglin Plastic Co., Ltd. for 2,418,152.80 RMB, which will not impact future earnings[30] Research and Development - The company's R&D expenses in Q1 2019 were CNY 9,830,693.54, a decrease of 19.7% from CNY 12,272,762.35 in Q1 2018[44] Financial Standards - The company adopted new financial instrument standards effective January 1, 2019, impacting the classification and measurement of financial instruments[57] - The company implemented new financial instrument standards starting January 1, 2019, affecting the classification and measurement of financial instruments[61]