嘉友国际(603871) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 23.09% to CNY 70,054,236.77 year-on-year[9] - Operating revenue grew by 26.25% to CNY 953,246,121.08 compared to the same period last year[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 65,429,301.21, an increase of 17.34% year-on-year[9] - Net cash flow from operating activities surged by 1,566.89% to CNY 135,131,347.15 compared to the previous year[9] - The company reported a significant increase in prepayments to CNY 38,720,854.52 from CNY 17,955,715.96, representing a growth of approximately 115.1%[34] - Total operating revenue for Q1 2019 was CNY 953,246,121.08, an increase of 26.3% compared to CNY 755,041,305.85 in Q1 2018[40] - Net profit for Q1 2019 reached CNY 69,995,714.15, representing a 23.5% increase from CNY 56,887,939.75 in Q1 2018[41] - The total profit for Q1 2019 was RMB 32,003,038.93, up from RMB 26,281,724.33 in Q1 2018, marking an increase of around 21.8%[45] Assets and Liabilities - Total assets increased by 5.00% to CNY 2,247,431,473.49 compared to the end of the previous year[9] - Current liabilities rose to CNY 579,906,122.53 from CNY 542,776,125.79, reflecting an increase of approximately 6.8%[32] - Total liabilities amounted to CNY 599,440,749.57, up from CNY 562,452,372.85, marking an increase of around 6.6%[32] - Owner's equity reached CNY 1,647,990,723.92, compared to CNY 1,577,995,009.77, showing an increase of about 4.5%[32] - Cash and cash equivalents increased to CNY 464,104,215.88 from CNY 375,778,483.26, a growth of approximately 23.5%[32] - Non-current assets totaled CNY 437,074,474.89, slightly down from CNY 438,451,874.25, indicating a decrease of about 0.3%[31] - The total liabilities as of the reporting date were CNY 507,863,090.88, compared to CNY 502,559,484.44 from the previous year[40] Shareholder Information - The total number of shareholders reached 8,686 at the end of the reporting period[14] - The largest shareholder, Jiaxin Yi (Tianjin) Asset Management Partnership, holds 37.50% of the shares[14] Cash Flow and Investments - Cash flow from operating activities generated a net amount of RMB 135,131,347.15 in Q1 2019, compared to RMB 8,106,799.81 in Q1 2018, showing a substantial improvement[51] - Cash inflow from investment activities totaled RMB 1,301,613,818.39 in Q1 2019, significantly higher than RMB 171,498,514.26 in Q1 2018[51] - The company reported cash outflow from investment activities of RMB 1,511,961,059.55 in Q1 2019, compared to RMB 601,465,395.66 in Q1 2018, indicating increased investment activity[51] - The net cash flow from investment activities was negative at RMB -210,347,241.16 in Q1 2019, compared to RMB -429,966,881.40 in Q1 2018, showing a reduction in cash outflow[51] Research and Development - Research and development expenses for Q1 2019 amounted to CNY 2,404,539.38, an increase from CNY 1,029,758.87 in Q1 2018[40] - Research and development expenses increased to RMB 2,404,539.38 in Q1 2019 from RMB 1,029,758.87 in Q1 2018, reflecting a significant rise of approximately 133.3%[45] Other Financial Metrics - The weighted average return on equity decreased by 14.54 percentage points to 4.35%[9] - Basic and diluted earnings per share decreased by 19.40% to CNY 0.6255[9] - Financial expenses decreased by 41.37% to RMB 1,838,532.97, primarily due to foreign exchange rate fluctuations[16] - The company’s financial expenses decreased to RMB 1,500,722.27 in Q1 2019 from RMB 1,967,771.91 in Q1 2018, indicating a reduction of about 23.7%[45] Future Plans and Developments - The company plans to invest RMB 6,000,000 in the Bayannur Bonded Logistics Center project, reducing the total investment from RMB 38,664.68 million to RMB 10,000.00 million[19] - A new subsidiary, Xinjiang Jiayou Hengxin International Logistics Co., Ltd., was established with a registered capital of RMB 10,000,000, where the company holds a 60% stake[20] - The company approved the temporary use of RMB 20,000,000 of idle funds to supplement working capital, with a repayment period of 12 months[22] - The company plans to use up to RMB 40,000,000 of idle funds for cash management, ensuring it does not affect ongoing investment projects[23] Audit and Compliance - The company is not required to restate prior financial data according to the new financial instruments and leasing standards[66] - The audit report is not applicable for the current period[67]