Sunxing(SH:603978)2019-04-28 16:00Financial Performance - Operating revenue for the period was CNY 233,973,594.37, representing an increase of 11.31% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 16,108,985.25, down 52.04% compared to the same period last year[7] - Basic earnings per share were CNY 0.10, a decrease of 52.38% compared to CNY 0.21 in the same period last year[7] - The company's net profit for Q1 2019 was RMB 16,108,985.25, down 52.04% from RMB 33,591,529.35 in Q1 2018[14] - Total operating revenue for Q1 2019 was ¥233,973,594.37, an increase of 11.4% compared to ¥210,200,455.98 in Q1 2018[26] - Net profit for Q1 2019 decreased to ¥16,108,985.25, down 52.0% from ¥33,591,529.35 in Q1 2018[27] - Operating profit for Q1 2019 was ¥18,123,234.25, a decline of 54.1% from ¥39,508,586.52 in Q1 2018[26] - Total comprehensive income for Q1 2019 was ¥16,108,985.25, a decrease of 52.0% from ¥33,591,529.35 in Q1 2018[27] Cash Flow - The net cash flow from operating activities was CNY 7,146,006.95, a decrease of 71.11% year-on-year[7] - Operating cash flow for Q1 2019 was RMB 7,146,006.95, a decrease of 71.11% compared to RMB 24,739,193.30 in the same period last year[14] - The net cash flow from operating activities for Q1 2019 was ¥7,146,006.95, a significant decrease of 71.2% compared to ¥24,739,193.30 in Q1 2018[32] - The total cash inflow from operating activities in Q1 2019 was ¥238,424,210.29, compared to ¥232,919,022.92 in Q1 2018, showing a growth of approximately 2.2%[31] - The company experienced a net decrease in cash and cash equivalents of -¥12,505,263.71 in Q1 2019, compared to -¥51,750,445.91 in Q1 2018, reflecting a significant improvement of 75.8%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,889,866,357.34, a decrease of 1.62% compared to the end of the previous year[7] - Total liabilities decreased from CNY 509,367,545.62 to CNY 462,319,731.19, a decrease of approximately 9.2%[20] - Current liabilities decreased from CNY 465,690,086.10 to CNY 419,330,803.17, a reduction of about 9.9%[20] - Accounts receivable decreased to RMB 417,618,969.01 from RMB 514,901,627.81, with notes receivable dropping by 44.03% to RMB 136,325,060.68[13][18] - Total assets decreased from CNY 1,920,980,838.95 to CNY 1,889,866,357.34, a decline of approximately 1.6%[20] - Owner's equity increased from CNY 1,411,613,293.33 to CNY 1,427,546,626.15, an increase of about 1.1%[20] Expenses - The company reported a significant increase in management expenses by 137.42% to RMB 8,318,728.55 due to higher personnel costs and fixed asset depreciation[14] - Research and development expenses increased to ¥11,822,131.17 in Q1 2019, up 19.2% from ¥9,915,093.16 in Q1 2018[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,242[11] - The largest shareholder, Chen Xueming, held 27.13% of the shares, totaling 43,409,400 shares[11] Government Support - The company received government subsidies amounting to CNY 3,877,655.68, which are closely related to its normal business operations[9] Investment Activities - Investment activities generated a net cash flow of RMB -38,269,580.61, an improvement of 11.26% compared to RMB -43,127,093.39 in the previous period[15] - The total cash outflow from investing activities in Q1 2019 was ¥53,755,842.11, compared to ¥43,127,093.39 in Q1 2018, indicating an increase of 24.5%[32] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[28]