RED SUN(SZ:000525)2019-04-29 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥1,233,224,878.97, a decrease of 12.74% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥120,177,826.39, down 40.77% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥103,800,469.54, reflecting a decline of 48.98% compared to the previous year[7]. - Basic earnings per share decreased to ¥0.207, down 40.69% year-on-year[7]. - Total profit decreased by 88,606,072.70 CNY, a drop of 39.29% compared to the previous period[15]. - Net profit attributable to shareholders of the parent company fell by 82,736,327.79 CNY, down 40.77%[15]. - Net profit for Q1 2019 was CNY 122,529,889.05, a decline of 38.8% from CNY 200,199,380.05 in Q1 2018[42]. - The company reported a total comprehensive income of -14,128,830.76 CNY for the quarter, compared to -33,616,729.23 CNY in the same quarter last year[46]. Cash Flow - The net cash flow from operating activities was ¥67,332,847.17, a significant drop of 63.19% from the same period last year[7]. - Cash flow from operating activities decreased by 115,596,614.60 CNY, a decline of 63.19%[15]. - Cash flow from investing activities improved by 61,083,009.19 CNY, a 41.26% increase[15]. - Cash flow from financing activities increased by 492,481,501.57 CNY, a rise of 105.24%[15]. - The net cash flow from operating activities for Q1 2019 was CNY 4,606,158.03, an increase of 85.4% compared to CNY 2,474,620.10 in Q1 2018[53]. - Financing activities generated a net cash inflow of 24,507,654.80 CNY, a significant improvement from -467,973,846.77 CNY in the previous year[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,008,759,871.58, an increase of 4.78% from the end of the previous year[7]. - Total current assets amounted to CNY 7,517,734,343.73, an increase of 11.4% from CNY 6,747,791,649.76 at the end of 2018[32]. - Total liabilities as of March 31, 2019, were CNY 9,147,390,984.61, compared to CNY 8,621,721,343.55 at the end of 2018, marking a rise of 6.1%[33]. - The non-current liabilities increased to CNY 950,937,150.50 from CNY 500,227,253.40, showing an increase of 90%[33]. - Total liabilities stood at CNY 5,710,343,127.63, with current liabilities accounting for CNY 5,672,475,704.06[61]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,092[11]. - The largest shareholder, Nanjing First Pesticide Group Co., Ltd., held 46.58% of the shares, with 270,534,031 shares pledged[11]. - The equity attributable to shareholders rose to CNY 4,760,689,256.03 from CNY 4,637,629,042.11, an increase of 2.7%[34]. Investments and Acquisitions - The company completed the acquisition of Chongqing Zhongbang on February 2, 2019[18]. - The company reported a total investment in securities amounting to RMB 498.03 million, with a fair value change profit of RMB 35.92 million[22]. - The company has not engaged in any derivative investments during the reporting period[24]. Operational Metrics - Total operating costs for Q1 2019 were CNY 1,115,581,662.33, down 6.0% from CNY 1,186,896,819.36 year-over-year[40]. - Research and development expenses for Q1 2019 were CNY 23,444,901.96, a decrease of 10.6% from CNY 26,215,520.74 in Q1 2018[40]. - The company incurred operating expenses of 1,558,890,134.04 CNY, compared to 1,341,169,044.67 CNY in the previous year, reflecting an increase in costs[49]. Compliance and Commitments - The company has no overdue commitments during the reporting period[21]. - The company reported no violations regarding external guarantees during the reporting period[27]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[29].