ENC(SH:603869)2019-04-29 16:00Financial Performance - Operating revenue for the period was ¥512,962,254.52, representing an increase of 11.27% year-on-year[6]. - Net profit attributable to shareholders was ¥28,019,950.74, a significant increase of ¥30,148,000 compared to the same period last year[6]. - The basic earnings per share for the quarter was ¥0.08, compared to a loss of ¥0.01 per share in the same period last year[6]. - The net profit from the tourism business increased by 191.63% year-on-year, amounting to ¥2,192.07 million, due to the disposal of underperforming assets[6]. - The net profit from industry cognitive solutions decreased by 71.61% year-on-year, totaling ¥609.92 million, impacted by the Spring Festival[6]. - Total operating revenue for Q1 2019 was approximately ¥512.96 million, an increase of 11.3% compared to ¥461.02 million in Q1 2018[25]. - Net profit for Q1 2019 was approximately ¥20.78 million, a significant recovery from a net loss of ¥17.74 million in Q1 2018[26]. - The company reported a gross profit margin of approximately 4.85% in Q1 2019, compared to a gross loss margin in Q1 2018[25]. - Total profit for Q1 2019 was approximately ¥24.02 million, compared to a total loss of ¥7.81 million in Q1 2018[25]. Cash Flow - The net cash flow from operating activities was ¥69,631,276.53, a recovery from a negative cash flow of ¥203,267,417.79 in the previous year[6]. - Operating cash flow net increased by 134.26% to ¥69,631,276.53, attributed to better sales collections compared to the previous year[14]. - Cash inflow from operating activities for Q1 2019 was approximately ¥1.08 billion, an increase from ¥694.98 million in Q1 2018[31]. - The net cash flow from operating activities for Q1 2019 was ¥69,631,276.53, a significant improvement compared to a net outflow of ¥203,267,417.79 in Q1 2018[32]. - Cash inflow from financing activities was ¥508,001,094.77, up from ¥280,100,000.00 in Q1 2018, representing an increase of about 81.5%[33]. - The net cash flow from financing activities for Q1 2019 was ¥88,250,330.96, a decrease from ¥201,571,796.41 in Q1 2018[33]. - The cash outflow for investment activities was ¥109,432,731.18, down from ¥164,120,795.72 in the previous year, indicating a decrease of about 33.3%[32]. - The net cash flow from investment activities was -¥109,411,331.18, compared to -¥164,115,207.72 in Q1 2018, showing an improvement of approximately 33.4%[32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,038,878,544.83, an increase of 1.57% compared to the end of the previous year[6]. - Total liabilities increased to CNY 3,045,821,527.77 from CNY 2,927,991,238.14, showing a growth of around 4.02%[20]. - Owner's equity decreased slightly to CNY 3,993,057,017.06 from CNY 4,001,885,265.61, a decline of about 0.22%[20]. - Cash and cash equivalents decreased to CNY 132,745,769.12 from CNY 357,121,891.76, a drop of approximately 62.87%[21]. - Total current assets rose to CNY 1,140,966,751.33 from CNY 989,490,777.78, indicating an increase of approximately 15.27%[22]. - Current liabilities rose to CNY 2,786,328,429.80 from CNY 2,651,664,946.60, reflecting an increase of approximately 5.08%[20]. - Long-term borrowings decreased to CNY 94,600,000.00 from CNY 128,200,000.00, a reduction of about 26.19%[20]. - Total assets increased to CNY 7,038,878,544.83 from CNY 6,929,876,503.75, representing a growth of approximately 1.57%[19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,080[10]. - The top shareholder, Xin'ao Energy Supply Chain Co., Ltd., held 34.96% of the shares, with 121,959,360 shares pledged[10]. Expenses - Research and development expenses rose by 30.14% to ¥29,155,625.62, reflecting ongoing R&D project developments[12]. - Financial expenses increased by 55.72% to ¥27,184,520.94, primarily due to increased interest expenses from higher borrowings[12]. - Sales expenses decreased by 47.45% to ¥31,675,781.12, largely due to the sale of cultivation-related tourism businesses last year[12]. - The company reported a significant increase in asset impairment losses by 1370.56% to ¥10,640,874.14, due to changes in bad debt provision ratios under new accounting standards[12].