SKSHU(SH:603737)2019-04-23 16:00Financial Performance - Operating revenue rose by 62.22% to CNY 630,844,583.41 year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 1,919,509.23, an improvement from a loss of CNY 7,804,343.46 in the same period last year[4] - Basic and diluted earnings per share improved to CNY -0.01 from CNY -0.08 year-on-year[4] - The company reported a significant increase in sales expenses, which reached CNY 157,542,656.94 in Q1 2019, compared to CNY 116,030,559.01 in Q1 2018[21] - Total operating revenue for Q1 2019 was CNY 630,844,583.41, a 62.2% increase from CNY 388,872,723.35 in Q1 2018[21] - Total operating costs for Q1 2019 were CNY 652,619,233.88, up 57.7% from CNY 413,599,831.44 in Q1 2018[21] - Net profit for Q1 2019 was CNY 2,391,468.04, compared to a net loss of CNY 7,804,343.46 in Q1 2018[22] - The company reported a gross profit margin of approximately -3.4% for Q1 2019, compared to -1.9% in Q1 2018[21] - Total comprehensive income for Q1 2019 was a loss of CNY 15,183,469.15, compared to a loss of CNY 3,600,924.37 in Q1 2018[24] Assets and Liabilities - Total assets increased by 21.56% to CNY 3,848,153,674.47 compared to the end of the previous year[4] - Total current assets as of March 31, 2019, amounted to ¥2,189,842,671.52, an increase from ¥1,869,838,914.09 as of December 31, 2018, representing a growth of approximately 17.1%[14] - Total non-current assets reached ¥1,658,311,002.95, compared to ¥1,295,766,053.44 at the end of 2018, marking a growth of around 28.0%[16] - Total liabilities increased to ¥2,414,569,311.75 from ¥1,830,273,560.53, which is an increase of approximately 31.9%[17] - The total liabilities as of Q1 2019 were CNY 1,265,359,957.77, an increase from CNY 1,056,777,641.22 in the previous year[20] - The total current liabilities amounted to CNY 1,117.80 million, indicating a stable position in managing short-term obligations[30] Cash Flow - Net cash flow from operating activities was negative at CNY -227,980,101.13, worsening from CNY -96,112,765.07 year-on-year[4] - Cash flow from operating activities showed a net outflow of CNY 227,980,101.13, worsening from a net outflow of CNY 96,112,765.07 in the previous year[26] - Cash inflow from investment activities was CNY 239,470,650.49, compared to CNY 156,622,009.82 in Q1 2018, indicating a positive trend in investment recovery[26] - Cash flow from financing activities generated a net inflow of CNY 281,877,715.54, up from CNY 124,230,456.24 in Q1 2018, showing improved financing conditions[26] - Cash inflow from operating activities for Q1 2019 was CNY 585.90 million, up from CNY 436.81 million in Q1 2018, representing a 34.1% increase[27] - Net cash flow from operating activities for Q1 2019 was -CNY 182.82 million, compared to -CNY 17.75 million in Q1 2018, indicating a decline[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,676[7] - The largest shareholder, Hong Jie, held 65.92% of the shares, with a portion pledged[7] Research and Development - The company incurred research and development expenses of RMB 27,336,847.48, which is a 66.44% increase from RMB 16,424,235.41 in the previous year[11] - Research and development expenses increased to CNY 27,336,847.48 in Q1 2019, up 66.5% from CNY 16,424,235.41 in Q1 2018[21] Inventory and Receivables - Inventory increased to RMB 365,812,444.53, marking a 38.10% rise from RMB 264,896,323.56 due to the consolidation of Dayu Leak Prevention into the company's financial statements[10] - Accounts receivable increased to ¥1,211,952,393.84 from ¥983,788,776.68, reflecting a growth of about 23.2% year-over-year[14] - The company reported a significant increase in other receivables, which rose to ¥118,066,349.10 from ¥16,079,787.33, indicating a growth of approximately 634.5%[14] Financial Ratios - The weighted average return on equity improved by 0.56 percentage points to -0.14%[4] - The total equity as of March 31, 2019, was ¥1,433,584,362.72, up from ¥1,335,331,407.00, reflecting a growth of about 7.4%[17] - The total equity ratio is approximately 42.14%, suggesting a balanced approach to financing[31]