兴业股份(603928) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 313,587,310.97, down 16.05% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 34,812,054.26, a slight decrease of 0.49% compared to the same period last year[5] - Total operating revenue for Q1 2019 was CNY 313,587,310.97, a decrease of 16.06% compared to CNY 373,519,665.48 in Q1 2018[24] - Net profit for Q1 2019 was CNY 34,812,054.26, slightly down from CNY 34,983,095.46 in Q1 2018, representing a decrease of 0.49%[25] - Operating profit for Q1 2019 was ¥39,396,774.04, slightly down by 3.1% from ¥40,636,218.53 in Q1 2018[27] Cash Flow - The net cash flow from operating activities was CNY 21,462,845.28, a significant recovery from a loss of CNY 29,076,112.61 in the same period last year[5] - Net cash flow from operating activities was ¥21,462,845.28, a significant improvement from a negative ¥29,076,112.61 in the previous year[12] - Cash flow from operating activities generated a net amount of ¥21,462,845.28 in Q1 2019, compared to a net outflow of ¥29,076,112.61 in Q1 2018[32] - The net cash flow from financing activities fell by 204% to -¥20,647,715.00, mainly due to repayment of bank loans[12] - The net cash flow from financing activities in Q1 2019 was -20,647,715.00 RMB, a decrease from 19,892,990.00 RMB in Q1 2018[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,601,661,277.76, a decrease of 0.41% compared to the end of the previous year[5] - Total assets as of March 31, 2019, were ¥1,601,661,277.76, a slight decrease from ¥1,608,190,512.25 at the end of 2018[16] - Current assets totaled ¥954,902,179.90, down from ¥986,241,761.78 at the end of 2018[16] - Total liabilities decreased to ¥326,576,856.79 from ¥367,955,624.40 at the end of 2018[17] - Total liabilities decreased to CNY 275,025,770.20 from CNY 320,659,523.79, a reduction of 14.23%[21] Shareholder Information - The number of shareholders at the end of the reporting period was 17,670[9] - The top shareholder, Wang Jinxing, held 28.17% of the shares, totaling 56,782,900 shares[9] - The company's total equity attributable to shareholders was 1,240,234,887.85 RMB as of Q1 2019[39] Expenses - Management expenses increased by 35% to CNY 12,658,094.66 due to expanded business and management scale[11] - Financial expenses increased by 833% to ¥1,815,670.05 due to higher cash discounts and interest expenses[12] - Research and development expenses for Q1 2019 were ¥8,604,389.86, down 19.9% from ¥10,752,141.55 in Q1 2018[27] Inventory and Receivables - Accounts receivable totaled CNY 696,825,262.18, a slight increase from CNY 692,655,892.79 in the previous period[20] - Inventory decreased to CNY 53,268,026.86 from CNY 63,183,926.56, reflecting a reduction of 15.73%[20] - The company reported a decrease in cash received from investment returns, totaling 68,944.44 RMB in Q1 2019, down from 2,070,891.92 RMB in Q1 2018[35] Other Financial Metrics - The weighted average return on equity decreased by 0.26 percentage points to 2.77%[5] - The company recognized non-recurring gains and losses totaling CNY 599,157.95 during the reporting period[7] - Investment income dropped by 97% to ¥68,944.44 primarily due to fewer redemptions of financial products during the period[12]