曲美家居(603818) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the current period reached CNY 1,005,115,201.05, representing a significant increase of 154.79% year-on-year[9] - Net profit attributable to shareholders was CNY 11,794,437.48, down 57.91% compared to the same period last year[9] - The company's operating revenue increased by 154.79% compared to the same period last year, primarily due to the inclusion of subsidiary Ekornes' revenue[16] - The company reported a net profit excluding non-recurring items of CNY 2,001,555.85, a decrease of 92.01% year-on-year[9] - Net profit for Q1 2019 was approximately ¥20,123,080.92, down from ¥27,948,794.83 in Q1 2018, reflecting a decrease of approximately 28%[33] - Total comprehensive income for Q1 2019 was approximately ¥-23.32 million, down from ¥30.49 million in Q1 2018[37] Cash Flow - Cash flow from operating activities improved to CNY 139,098,032.56, a remarkable increase of 361.65% year-on-year[9] - The net cash flow from operating activities rose by 361.80% year-on-year, largely due to the cash flow from Ekornes[18] - The net cash flow from operating activities for Q1 2019 was ¥139,098,032.56, compared to a negative cash flow of ¥53,130,904.25 in Q1 2018, indicating a significant improvement[39] - Total cash inflow from operating activities was ¥436,243,113.09, down 18% from ¥532,441,702.51 in the same period last year[40] - The cash outflow from operating activities totaled ¥368,620,305.28, a decrease of 38% compared to ¥598,482,789.73 in Q1 2018[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,246,461,328.18, a decrease of 0.55% compared to the end of the previous year[9] - Total assets as of March 31, 2019, amounted to ¥3,509,228,264.45, compared to ¥3,478,675,812.82 at the end of 2018, showing a slight increase of about 0.9%[29] - Total liabilities as of March 31, 2019, were ¥2,021,041,457.49, up from ¥1,968,076,127.87 at the end of 2018, indicating an increase of approximately 2.7%[29] - Shareholders' equity totaled ¥1,488,186,806.96 as of March 31, 2019, down from ¥1,510,599,684.95 at the end of 2018, reflecting a decrease of about 1.5%[29] Expenses - Operating costs rose by 113.07% year-on-year, also attributed to the integration of Ekornes' operating costs[16] - Sales expenses surged by 268.46% compared to the previous year, driven by the sales expenses of Ekornes[16] - Management expenses increased by 410.44% year-on-year, mainly due to the management expenses from Ekornes[16] - Financial expenses skyrocketed by 8972.42% compared to the same period last year, influenced by interest expenses and foreign exchange losses[16] - The company reported a research and development expense of ¥18,666,592.73 in Q1 2019, compared to ¥14,060,057.50 in Q1 2018, marking an increase of approximately 33%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,188[13] - The top three shareholders held a combined 71.80% of the shares, with Zhao Ruihai holding 32.66%[13] Non-recurring Items - Non-recurring gains and losses amounted to CNY 9,792,881.62 for the reporting period[11] - Other comprehensive income after tax surged by 3556023.38% year-on-year, primarily due to foreign currency translation differences from Ekornes[17] Financial Ratios - The weighted average return on equity decreased to 0.87%, down 0.88 percentage points from the previous year[9] - Basic and diluted earnings per share were both CNY 0.02, a decrease of 66.67% compared to the same period last year[9] - Basic and diluted earnings per share for Q1 2019 were both ¥0.02, down from ¥0.06 in Q1 2018[36]