DAYUAN PUMP(SH:603757)2019-04-25 16:00Financial Performance - Operating income decreased by 11.94% to CNY 211,740,137.68 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 27.76% to CNY 26,775,007.57, primarily due to a decline in sales of hot water circulation shield pumps[8] - Basic and diluted earnings per share decreased by 28.13% to CNY 0.23[7] - The weighted average return on equity decreased by 1.44 percentage points to 2.62%[7] - Total operating revenue for Q1 2019 was CNY 211,740,137.68, a decrease of 12% compared to CNY 240,444,692.80 in Q1 2018[25] - Operating profit for Q1 2019 was CNY 30,487,888.43, a decline of 28.6% from CNY 42,692,912.74 in Q1 2018[25] - Net profit for Q1 2019 was CNY 30,202,560.21, down 29.5% from CNY 42,996,907.85 in Q1 2018[25] - Operating profit for Q1 2019 was CNY 18,549,711.90, an increase of 62.1% compared to CNY 11,465,669.82 in Q1 2018[28] - Total comprehensive income for Q1 2019 was CNY 16,264,808.01, up from CNY 10,206,474.95 in Q1 2018[29] Cash Flow - Net cash flow from operating activities increased by 254.55% to CNY 72,023,693.42, driven by increased sales receipts and reduced material payments[7] - Cash inflow from operating activities was CNY 278,540,599.48 in Q1 2019, compared to CNY 230,515,972.60 in Q1 2018, reflecting a growth of 20.9%[31] - Cash inflow from operating activities totaled ¥177,035,408.47, up from ¥120,951,455.77 in the same period last year, representing an increase of approximately 46.2%[35] - Cash outflow from investing activities was ¥126,424,226.84, compared to ¥88,726,850.36 in Q1 2018, indicating a rise of about 42.6%[35] - The net cash flow from investing activities was -¥24,882,268.16, worsening from -¥7,965,596.94 year-over-year[35] - The company experienced a net decrease in cash and cash equivalents of ¥2,553,234.18 in Q1 2019, compared to a much larger decrease of ¥72,606,045.63 in Q1 2018[33] Assets and Liabilities - Total assets increased by 2.24% to CNY 1,304,301,034.69 compared to the end of the previous year[7] - Total liabilities increased slightly to ¥252,592,164.84 from ¥250,485,764.07[17] - Total assets as of March 31, 2019, amounted to CNY 886,044,056.22, up from CNY 839,675,801.78 at the end of 2018[22] - Total liabilities as of March 31, 2019, were CNY 149,913,223.01, an increase from CNY 119,809,776.58 at the end of 2018[22] - Shareholders' equity as of March 31, 2019, was CNY 736,130,833.21, compared to CNY 719,866,025.20 at the end of 2018[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,639[11] - The top ten shareholders each hold 12.84% of the shares, totaling 15,064,000 shares[11] Research and Development - R&D expenses increased by 33.74% to ¥10,321,327.01 reflecting higher investment in research and development[13] - Research and development expenses for Q1 2019 were CNY 10,321,327.01, an increase of 33.5% from CNY 7,717,357.41 in Q1 2018[25] - Research and development expenses increased to CNY 4,458,490.28 in Q1 2019, up 61.3% from CNY 2,764,906.48 in Q1 2018[28] Non-Operating Income - Non-operating income included a government subsidy of CNY 264,209.75[10] - The total amount of non-recurring gains and losses was CNY 1,086,984.23[10] Financial Expenses - The company reported a significant decrease in financial expenses by 47.56% to ¥1,543,460.69 due to reduced exchange losses[13] - The company reported a decrease in financial expenses to CNY 646,045.73 in Q1 2019 from CNY 2,372,456.03 in Q1 2018[28] Investment Activities - Investment cash outflow increased by 31.25% to ¥210,000,000.00 primarily for purchasing financial products[14] - The company paid ¥120,000,000.00 in investment payments during Q1 2019, which is a significant increase from ¥80,000,000.00 in Q1 2018[35] - The company recorded an investment income of CNY 787,800.45 in Q1 2019, compared to CNY 665,805.11 in Q1 2018[28]