Shenli(SH:603819)2019-04-26 16:00Financial Performance - Operating revenue increased by 24.33% to CNY 253,203,132.74 year-on-year[5] - Net profit attributable to shareholders rose by 55.50% to CNY 7,436,697.53 compared to the same period last year[5] - Basic and diluted earnings per share increased by 50.00% to CNY 0.06 per share[5] - Total operating revenue for Q1 2019 was CNY 253.20 million, an increase of 24.3% compared to CNY 203.65 million in Q1 2018[26] - Net profit for Q1 2019 reached CNY 7.44 million, representing a 55.0% increase from CNY 4.78 million in Q1 2018[27] - Total profit for Q1 2019 was CNY 8.61 million, a 49.5% increase from CNY 5.77 million in Q1 2018[27] Assets and Liabilities - Total assets decreased by 5.75% to CNY 1,172,521,967.04 compared to the end of the previous year[5] - Total liabilities decreased from CNY 464,445,934.01 to CNY 414,265,871.03, a decline of approximately 10.8%[19] - Owner's equity decreased from CNY 779,652,023.47 to CNY 758,256,096.01, a reduction of about 2.7%[19] - Current liabilities decreased from CNY 362,355,157.35 to CNY 312,232,194.30, a reduction of about 13.8%[19] - Non-current liabilities remained relatively stable, with a slight decrease from CNY 102,090,776.66 to CNY 102,033,676.73[19] Cash Flow - Net cash flow from operating activities was negative at CNY -82,520,415.15, compared to CNY -20,741,046.10 in the previous year[5] - Operating cash inflow for Q1 2019 was CNY 234,611,771.36, up from CNY 141,239,232.96 in Q1 2018, representing a growth of approximately 66%[36] - Total cash outflow from operating activities was CNY 316,193,355.29, compared to CNY 158,870,656.92 in the previous year, indicating a 99% increase[36] - Net cash flow from operating activities was -CNY 81,581,583.93, worsening from -CNY 17,631,423.96 in Q1 2018[36] - Cash and cash equivalents decreased significantly from CNY 263,028,772.34 to CNY 107,984,849.01, a decline of approximately 59.0%[21] Expenses - Research and development expenses rose by 107.99% from CNY 955,235.27 to CNY 1,986,751.50 to enhance competitiveness[13] - Sales expenses increased by 63.11% from CNY 3,827,795.25 to CNY 6,243,493.43 driven by higher transportation and packaging costs[13] - Management expenses rose by 39.01% from CNY 7,180,088.56 to CNY 9,980,783.20 mainly due to increased employee compensation[13] - Financial expenses surged by 216.64% from CNY 1,767,285.44 to CNY 5,595,912.19 due to increased operating loans[13] Shareholder Information - The total number of shareholders reached 9,020 at the end of the reporting period[9] - The largest shareholder, Chen Zhongwei, holds 42.18% of the shares, with 31,992,000 shares pledged[9] Other Income and Gains - Government subsidies recognized in the current period amounted to CNY 57,099.93[7] - Non-recurring gains and losses totaled CNY 939,243.65 after tax adjustments[8] - The company reported a significant increase in non-operating income, rising by 1455.41% to CNY 1,147,892.60 from CNY 73,800.00 due to penalties from shareholder violations[13] Investment Activities - Cash inflow from investment activities totaled CNY 35,607,734.88, down from CNY 101,298,386.27 in the same period last year, a decline of approximately 65%[37] - Cash outflow from investment activities was CNY 40,984,409.67, compared to CNY 67,667,154.24 in Q1 2018, a decrease of about 39%[34] - Net cash flow from investment activities was -CNY 5,376,674.79, contrasting with a positive inflow of CNY 33,631,232.03 in the previous year[34] Future Plans - The company plans to continue expanding its investment in R&D to maintain competitive advantages in the market[14]