NKF(SH:603707)2019-04-25 16:00Financial Performance - Operating revenue rose by 40.02% to CNY 609,993,651.09 year-on-year[5] - Net profit attributable to shareholders increased by 22.38% to CNY 148,878,142.07 compared to the same period last year[5] - Basic earnings per share increased by 21.95% to CNY 0.2695[5] - The company's operating revenue for Q1 2019 was RMB 609,993,651.09, an increase of 40.02% compared to RMB 435,640,558.71 in the same period last year[13] - The net profit for Q1 2019 reached CNY 148,878,142.07, compared to CNY 121,648,652.89 in Q1 2018, reflecting an increase of approximately 22%[24] - The total revenue for Q1 2019 was CNY 609,993,651.09, an increase from CNY 435,640,558.71 in Q1 2018, representing a growth of approximately 40%[23] - The operating profit for Q1 2019 was CNY 169,448,022.78, compared to CNY 140,075,850.96 in Q1 2018, indicating an increase of around 21%[24] - The company recorded a total profit of CNY 140,467,820.40 in Q1 2019, which is a 38.2% increase from CNY 101,647,930.06 in the same quarter of the previous year[26] Assets and Liabilities - Total assets increased by 5.02% to CNY 3,573,272,109.00 compared to the end of the previous year[5] - Current assets totaled CNY 2,999,817,556.59, compared to CNY 2,838,014,729.92 in the previous year, indicating an increase of about 5.7%[18] - Total liabilities amounted to CNY 1,002,211,737.76, up from CNY 981,210,540.11, representing an increase of about 2.5%[18] - The total assets as of the end of Q1 2019 were CNY 3,252,044,876.13, compared to CNY 3,093,516,894.95 at the end of Q1 2018, marking an increase of approximately 5%[23] - The total liabilities as of the end of Q1 2019 were CNY 1,059,489,060.98, up from CNY 1,026,544,793.79 in Q1 2018, indicating a growth of about 3%[23] Cash Flow - Net cash flow from operating activities decreased by 418.66% to -CNY 187,730,316.52 compared to the previous year[5] - The net cash flow from operating activities was negative at RMB -187,730,316.52, a significant decrease of 418.66% compared to RMB 58,911,762.72 in the previous year, primarily due to rising raw material prices[14] - In Q1 2019, the net cash flow from operating activities was -167,846,054.86 RMB, a decrease compared to 29,445,389.16 RMB in Q1 2018[31] - The company reported a total cash outflow from operating activities of 647,886,218.83 RMB, compared to 404,281,102.97 RMB in Q1 2018[31] - Cash inflows from operating activities totaled CNY 558,322,126.30, up from CNY 444,799,620.90 in Q1 2018, showing a 25.5% increase[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,130[8] - The largest shareholder, Xie Juhua, holds 28.26% of the shares, amounting to 156,131,553 shares[8] - Jiangsu Coastal Development Group Co., Ltd. holds 21.81% of the shares, totaling 120,501,729 shares[8] Research and Development - Research and development expenses increased by 47.82% to RMB 36,372,954.29, indicating continued investment in R&D to expand the development platform[13] - Research and development expenses for Q1 2019 amounted to CNY 36,372,954.29, which is a significant increase from CNY 24,605,588.83 in Q1 2018, showing a growth of around 48%[24] - Research and development expenses increased to CNY 38,761,377.30 in Q1 2019, up 79.7% from CNY 21,585,177.97 in Q1 2018[26] Market and Growth Strategy - The company plans to continue expanding its market presence and product offerings, focusing on enhancing sales capabilities and team growth[13] Financial Ratios - The weighted average return on net assets increased by 0.14 percentage points to 5.96%[5] - The gross profit margin improved, with operating costs rising to RMB 320,236,869.39, reflecting a 34.51% increase due to higher sales orders and market expansion[13] - The company reported a gross profit margin of approximately 48.5% in Q1 2019, compared to 40.0% in Q1 2018, indicating improved profitability[25]