RAYNEN(SH:603933)2019-04-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 350,597,798.83, representing a decline of 23.15% year-on-year [6]. - Net profit attributable to shareholders of the listed company was CNY 13,026,007.10, down 66.59% compared to the same period last year [6]. - Basic earnings per share decreased to CNY 0.0906, a drop of 66.59% from CNY 0.2712 in the previous year [6]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of CNY 8,723,077.61, a decrease of 76.26% year-on-year [6]. - Operating profit decreased by 73.58%, from 46,870,232.10 RMB to 12,384,442.33 RMB [13]. - The company reported a comprehensive income total of CNY 7,444,353.13 for the first quarter of 2019, significantly lower than CNY 30,126,235.41 in the same period last year [25]. - The net profit for the first quarter of 2019 was CNY 12,504,510.81, a decline of 67.8% from CNY 38,864,109.84 in the first quarter of 2018 [24]. - The net profit for Q1 2019 was ¥15,999,525.91, down 44.5% from ¥28,808,423.11 in Q1 2018 [28]. Cash Flow - Cash flow from operating activities generated CNY 14,165,328.06, a significant recovery from a loss of CNY 63,245,931.36 in the same period last year [6]. - The cash flow from operating activities for Q1 2019 was ¥14,165,328.06, a significant improvement from a negative cash flow of ¥63,245,931.36 in Q1 2018 [31]. - The company reported a net cash outflow from financing activities of ¥7,336,239.34, a decrease of 121.79% compared to the previous year [14]. - The net cash flow from financing activities was -6,697,202.08 RMB, a significant decrease from 13,906,727.77 RMB, suggesting challenges in financing [34]. - The company reported a total cash inflow of 59,813,089.02 RMB from operating activities, down from 61,407,476.88 RMB, reflecting a slight decline in operational cash generation [33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,514,761,251.68, a decrease of 0.15% compared to the end of the previous year [6]. - Current liabilities decreased to ¥450,679,261.96 from ¥460,573,318.31 year-over-year [18]. - The total liabilities as of March 31, 2019, were CNY 193,320,716.67, compared to CNY 187,920,799.78 at the end of 2018 [22]. - The company's cash and cash equivalents decreased to ¥136,143,765.25 from ¥160,691,285.05 [16]. - The ending balance of cash and cash equivalents decreased to 51,801,484.56 RMB from 118,542,177.31 RMB, reflecting a substantial reduction in liquidity [34]. Shareholder Information - The total number of shareholders at the end of the reporting period was not disclosed, but the company provided details on the top ten shareholders [10]. - The total number of shareholders is 11,609 [11]. - The largest shareholder, Ruineng Industrial Co., Ltd., holds 67.28% of shares, totaling 9,671.0526 shares [11]. Other Financial Metrics - The weighted average return on equity decreased to 1.24%, down 2.71 percentage points from 3.95% in the previous year [6]. - Non-recurring gains and losses totaled CNY 4,302,929.49 for the reporting period [9]. - The company experienced a 141.68% increase in taxes payable, rising from 5,555,209.64 RMB to 13,425,678.92 RMB [12]. - The company reported a 59.05% reduction in asset impairment losses, from 6,406,490.50 RMB to 2,623,571.90 RMB [13]. - Deferred tax assets increased by 30.18%, from 8,771,559.01 RMB to 11,418,385.62 RMB [12]. Inventory and Receivables - Other receivables increased by 98.78%, from 3,196,747.03 RMB to 6,354,350.18 RMB [12]. - The company's inventory remained stable at ¥398,340,074.63, compared to ¥398,184,379.29 in the previous year [16]. - The inventory decreased to CNY 104,416,065.35 from CNY 116,164,319.24 at the end of 2018 [21]. - Accounts receivable increased to CNY 185,778,852.36 from CNY 127,620,981.82 at the end of 2018 [21]. Research and Development - The research and development expenses for Q1 2019 were ¥6,792,177.26, an increase of 11.0% from ¥6,117,433.53 in Q1 2018 [28]. - The company has not disclosed any new product developments or market expansion strategies in this report [5].