Daqian(SH:603955)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 135.15% to CNY 4,897,191 compared to the same period last year[6]. - Operating revenue rose by 9.93% to CNY 99,712,477.97 year-on-year[6]. - Basic earnings per share increased by 135.32% to CNY 0.0433 compared to the same period last year[6]. - The weighted average return on equity increased by 0.23 percentage points to 0.43%[6]. - The company reported a net profit margin of approximately 2.4% for Q1 2019, compared to 2.4% in Q1 2018, indicating stable profitability[28]. - The net profit for Q1 2019 reached CNY 7,556,609.61, up 26.6% from CNY 5,966,175.61 in the same period last year[33]. - The total profit for Q1 2019 was CNY 8,637,793.10, compared to CNY 8,070,689.04 in Q1 2018, marking an increase of 7.0%[33]. - The basic and diluted earnings per share for Q1 2019 were both CNY 0.0433, compared to CNY 0.0184 in Q1 2018, representing a significant increase[30]. Asset and Liability Changes - Total assets decreased by 5.55% to CNY 2,759,801,774 compared to the end of the previous year[6]. - Total current liabilities decreased to CNY 861,831,984.35 in Q1 2019 from CNY 1,043,467,083.40 in Q4 2018, a reduction of 17.4%[22]. - Total assets as of March 31, 2019, were CNY 1,983,070,276.58, down from CNY 2,139,796,105.68 at the end of 2018, a decline of 7.4%[26]. - Total liabilities decreased to CNY 1,461,831,984.35 in Q1 2019 from CNY 1,643,467,083.40 in Q4 2018, a decrease of 11.0%[22]. - The company's total equity increased to CNY 1,297,969,789.65 in Q1 2019 from CNY 1,278,351,216.30 in Q4 2018, an increase of 1.4%[23]. Cash Flow Analysis - Net cash flow from operating activities decreased by 50.40% to CNY -127,124,299.50 compared to the previous year[6]. - In Q1 2019, the company reported cash inflow from operating activities of CNY 164,637,683.36, a decrease of 8.5% compared to CNY 179,948,533.89 in Q1 2018[36]. - The net cash outflow from operating activities was CNY -127,124,299.50, worsening from CNY -84,525,410.25 in the same period last year[36]. - Investment activities generated a net cash inflow of CNY 81,271,091.30, a significant improvement from CNY -130,090,929.19 in Q1 2018[37]. - The company received CNY 14,700,000.00 from investment in Q1 2019, compared to CNY 4,500,000.00 in Q1 2018, indicating a 226.7% increase[37]. - The company’s cash flow from operating activities showed a net outflow of CNY -94,466,719.37 in Q1 2019, contrasting with a net inflow of CNY 30,995,144.63 in Q1 2018[40]. Shareholder Information - The total number of shareholders reached 10,634 at the end of the reporting period[11]. - Jiangsu Daqian Investment Development Co., Ltd. held 36.94% of shares, with 12,820,000 shares pledged[11]. - Anhui Xinhua Publishing (Group) Holding Co., Ltd. held 12.50% of shares without any pledges[11]. Other Financial Metrics - The company reported a total non-recurring gains and losses of CNY 3,256,810.34 for the period[10]. - Prepayments increased by 177.46% to ¥6,441,629.32 due to increased procurement prepayments[13]. - Other current assets decreased by 72.70% to ¥35,775,277.08 primarily due to a reduction in bank wealth management products[13]. - Employee compensation payable decreased by 69.59% to ¥6,775,729.38 due to a reduction in unpaid employee salaries[13]. - Financial expenses increased by 224.63% to ¥4,202,565.48 mainly due to increased borrowing interest[14]. - Investment income rose by 168.69% to ¥982,884.72 driven by higher wealth management returns[14]. - Cash paid to employees increased by 31.43% to ¥33,462,283.48 reflecting higher salary payments[16]. - Cash received from investments increased by 168.69% to ¥982,884.72 due to higher investment returns[16]. - Cash received from investments rose by 226.67% to ¥14,700,000.00 as a result of increased investments from minority shareholders[16].