BYE(SH:603861)2019-04-29 16:00Financial Performance - Operating revenue rose by 47.11% to CNY 496,113,527.88 year-on-year[6] - Net profit attributable to shareholders decreased by 13.32% to CNY 23,393,359.39[6] - Basic earnings per share decreased by 15.52% to CNY 0.0528[6] - The company reported a significant increase in investment income by 723.82% to CNY 3,492,877.73, due to enhanced profitability of joint ventures[14] - Total operating revenue for Q1 2019 was ¥496.11 million, a 47.2% increase from ¥337.23 million in Q1 2018[29] - Net profit for Q1 2019 was ¥21.74 million, a decrease of 14.3% compared to ¥25.34 million in Q1 2018[30] - Basic and diluted earnings per share for Q1 2019 were ¥0.0528, down from ¥0.0625 in Q1 2018[31] - The company reported a total profit of ¥25.79 million in Q1 2019, down 19.7% from ¥32.16 million in Q1 2018[30] Assets and Liabilities - Total assets increased by 0.67% to CNY 5,239,786,550.90 compared to the end of the previous year[6] - Current liabilities totaled CNY 2,023,808,248.69, slightly up from CNY 2,018,708,521.05, indicating a marginal increase of about 0.05%[22] - Non-current liabilities rose to CNY 639,630,554.86 from CNY 631,638,559.86, representing an increase of approximately 1.57%[22] - Total liabilities amounted to CNY 2,663,438,803.55, up from CNY 2,650,347,080.91, showing a growth of about 0.49%[22] - Shareholders' equity increased to CNY 2,576,347,747.35 from CNY 2,554,609,919.72, reflecting a rise of approximately 0.84%[22] - The total non-current assets amounted to CNY 2,051,087,586.60, slightly up from CNY 2,032,956,244.57, reflecting an increase of approximately 0.90%[26] Cash Flow - Net cash flow from operating activities improved by 63.69%, reaching -CNY 96,031,675.31[6] - Cash flow from operating activities in Q1 2019 was ¥522.87 million, compared to ¥437.19 million in Q1 2018, reflecting a growth of 19.6%[34] - The net cash flow from operating activities was -CNY 2,613,384.87, an improvement compared to -CNY 211,852,195.55 in the same period last year[38] - Cash outflow for investment activities totaled CNY 232,309,447.37, significantly reduced from CNY 693,990,312.06 in Q1 2018, indicating a decrease of about 66.6%[40] - The net cash flow from investment activities was -CNY 20,824,284.55, an improvement from -CNY 342,472,681.94 year-over-year[40] - Cash inflow from financing activities was CNY 39,171,752.35, down from CNY 439,800,000.00 in Q1 2018, a decline of approximately 91.1%[40] - The net cash flow from financing activities was -CNY 21,668,172.57, contrasting with a positive net cash flow of CNY 429,027,185.01 in the previous year[40] Shareholder Information - The total number of shareholders reached 22,093 by the end of the reporting period[11] - The top three shareholders each hold 16.26% of the shares, totaling 72,003,672 shares[11] Operational Highlights - The company's operating revenue increased by 47.11% to CNY 496,113,527.88, primarily due to accelerated project completion[13] - Operating costs rose by 64.03% to CNY 376,596,090.73, mainly due to increased sales of lower-margin products[13] - Research and development expenses increased by 42.19% to CNY 20,968,914.09, reflecting higher investment in new product development[14] - The company secured a major contract for the Guangzhou Metro power supply system with a total bid amount of CNY 7.72 billion, covering 10 lines[16] - Other receivables increased by 32.32% to CNY 76,785,204.96, mainly due to an increase in bid guarantee deposits[13] - Prepayments decreased by 55.34% to CNY 51,330,351.74, attributed to faster project completion progress[13] - Cash paid for purchasing goods and services was CNY 316,284,394.01, down from CNY 432,786,979.26 in Q1 2018, indicating a decrease of about 26.9%[38] - Cash paid to employees increased to CNY 49,099,817.87 from CNY 39,219,388.03, representing a rise of approximately 25.2%[38] Government Support - Government subsidies recognized in the current period amounted to CNY 3,254,144.43[9] - Non-recurring gains and losses totaled CNY 2,789,331.92 for the reporting period[10] Future Plans - The company is actively planning and advancing the issuance of convertible bonds, pending approval from the China Securities Regulatory Commission[14] - The company aims to enhance its capabilities in system integration and overall solutions through the successful implementation of its innovative industrial internet platform[16]