CTS(SZ:000551)2019-04-26 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥834,355,101.30, representing a 16.04% increase compared to ¥719,046,077.25 in the same period last year[9] - The net profit attributable to shareholders was ¥19,351,224.00, a 2.51% increase from ¥18,877,966.94 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥15,299,738.81, up 4.59% from ¥14,628,234.22 in the previous year[9] - The company reported a total profit of CNY 46,303,449.00 for Q1 2019, up from CNY 43,642,218.28 in the previous year, marking a growth of 3.8%[37] - Net profit for Q1 2019 reached CNY 40,148,401.64, representing a 9.0% increase from CNY 36,778,442.75 in Q1 2018[38] - Minority shareholders' profit for Q1 2019 was CNY 20,797,177.64, compared to CNY 17,900,475.81 in Q1 2018, indicating a growth of 16.5%[38] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 55.88% to ¥16,778,335.62 from ¥38,028,663.85 in the same period last year[9] - The cash flow from investing activities showed a net outflow of ¥60,017,128.90, compared to a net outflow of ¥38,205,376.00 in the previous period[45] - The cash flow from financing activities resulted in a net outflow of ¥7,936,861.33, an improvement from a net outflow of ¥39,653,311.85 in the previous period[45] - The total cash inflow from operating activities was ¥786,417,843.11, compared to ¥757,170,104.69 in the previous period, indicating a growth of 3.5%[44] - The cash and cash equivalents at the end of the period were ¥718,309,290.68, down from ¥776,751,983.44 at the beginning of the period, reflecting a net decrease of ¥58,442,692.76[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,409,334,106.27, a 0.67% increase from ¥4,379,788,960.91 at the end of the previous year[9] - The company's total liabilities increased by 34.07% to CNY 181,000,000.00, reflecting higher borrowing activities[17] - The total liabilities as of Q1 2019 were CNY 270,244,844.04, a slight decrease from CNY 274,862,740.79 in the previous year[34] - Total current liabilities reached CNY 2,067,842,056.85, while total liabilities were CNY 2,224,952,230.20[51] - The company's total liabilities to equity ratio improved slightly, indicating a stronger equity position relative to its liabilities[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,079[11] - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., held 35.77% of the shares, totaling 143,125,054 shares[11] - The company's equity attributable to shareholders rose to CNY 1,665,436,540.86 from CNY 1,619,366,898.99, an increase of about 2.03%[31] Expenses and Costs - Total operating costs for Q1 2019 were CNY 795,163,396.88, up 16.8% from CNY 680,735,484.25 year-over-year[36] - Research and development expenses for Q1 2019 were CNY 35,990,783.25, an increase of 17.8% compared to CNY 30,596,974.58 in the same period last year[37] - Sales expenses increased by 30.98% to CNY 32,901,050.70, attributed to higher market expansion investments and the impact of US tariffs[16] Investment and Income - The company reported a significant increase in investment properties, rising by 63% to CNY 146,977,908.78 due to the transfer of completed construction projects[15] - The company’s investment income improved by 36.44%, with losses narrowing to CNY -639,062.06 from CNY -1,005,442.13 year-over-year[16] - The company recorded a net cash inflow from tax refunds of CNY 14,240,982.74, a 159.39% increase compared to the previous year[17] Changes in Financial Reporting - The company has implemented new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[51] - The company's credit impairment losses were recorded at CNY 1,743,776.61, reflecting the implementation of new financial instrument standards[16]