泰山石油(000554) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥753,715,761.81, representing a 7.89% increase compared to ¥698,574,570.93 in the same period last year[8]. - Net profit attributable to shareholders was ¥313,884.97, a significant increase of 49.23% from ¥210,332.35 year-on-year[8]. - The net cash flow from operating activities improved dramatically to ¥164,695,549.58, compared to a negative cash flow of ¥17,330,007.63 in the previous year, marking a 1,050.35% change[8]. - Total operating revenue for Q1 2019 was CNY 753,715,761.81, an increase of 7.9% compared to CNY 698,574,570.93 in Q1 2018[37]. - Net profit for Q1 2019 reached CNY 339,454.76, compared to CNY 167,838.89 in Q1 2018, representing a growth of 102.1%[39]. - Operating revenue for the current period reached ¥746,944,801.11, an increase from ¥696,167,135.27 in the previous period, representing a growth of approximately 7.2%[42]. - The net profit for the current period was ¥3,484.11, a significant decrease from ¥778,731.34 in the previous period, indicating a decline of approximately 99.55%[43]. - Operating profit decreased to ¥1,809,553.68 from ¥2,872,603.43, reflecting a decline of about 37%[43]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,476,209,226.90, up 16.35% from ¥1,268,717,144.37 at the end of the previous year[8]. - The total assets as of March 31, 2019, amounted to CNY 1,535,940,740.15, an increase from CNY 1,342,251,002.72 at the end of 2018[36]. - The total liabilities as of March 31, 2019, were CNY 572,310,403.92, compared to CNY 365,157,776.15 at the end of 2018, marking an increase of about 57%[30]. - The total liabilities increased to CNY 548,594,676.93 from CNY 354,908,423.61, marking a rise of 54.5%[35]. - The total assets increased from CNY 1,268,717,144.37 on December 31, 2018, to CNY 1,311,445,673.71 on January 1, 2019, reflecting an adjustment of CNY 42,728,529.34[55]. - The total liabilities rose from CNY 365,157,776.15 to CNY 407,886,305.49, with a notable increase in non-current liabilities due to the adoption of new financial standards[55]. - Total current liabilities amounted to CNY 347,336,010.28[58]. - Total non-current liabilities reached CNY 48,470,107.29, with lease liabilities at CNY 40,897,693.96[58]. - Total liabilities were CNY 395,806,117.57, indicating a significant increase in financial obligations[58]. - Total equity stood at CNY 987,342,579.11, reflecting the company's financial stability[58]. Cash Flow - Cash and cash equivalents increased by 1.78 times compared to the beginning of the period, primarily due to unpaid portions of goods[15]. - The company's cash and cash equivalents increased significantly to CNY 240,296,845.16 from CNY 86,432,709.43, representing an increase of about 177%[28]. - The company's cash flow management strategies have led to a significant recovery in cash flow from operations, enhancing liquidity and financial stability[51]. - The cash inflow from operating activities totaled CNY 898,134,964.86, compared to CNY 837,186,149.17 in the previous year, indicating a growth of approximately 7.5%[51]. - The net cash flow from operating activities for Q1 2019 was CNY 159,069,332.96, a significant improvement compared to a net outflow of CNY 15,183,128.41 in Q1 2018[51]. - Total cash and cash equivalents at the end of Q1 2019 reached CNY 232,521,435.35, up from CNY 35,488,902.78 at the end of Q1 2018, indicating a net increase of CNY 148,358,375.89[52]. - The cash outflow from investing activities was CNY 26,439,620.30, resulting in a net cash flow from investing activities of -CNY 9,456,420.30, compared to -CNY 30,973,389.90 in the same period last year[51]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 50,717[11]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 24.57% of the shares, totaling 118,140,120 shares[11]. - The company's net assets attributable to shareholders were ¥900,753,901.26, showing a slight increase of 0.03% from ¥900,440,016.29[8]. Operational Expenses - Operating expenses increased by 35.62% year-on-year, mainly due to payments made for corporate assistance funds[15]. - Total operating costs for Q1 2019 were CNY 751,359,612.58, up from CNY 696,390,819.65 in the previous year, reflecting a rise of 7.9%[37]. - The total operating expenses for the current period were ¥737,778,683.66, compared to ¥683,826,000.00 in the previous period, indicating an increase of about 7.9%[42]. Financial Reporting and Compliance - The first quarter report was not audited, which may affect the reliability of the financial data presented[59]. - The company has not applied the new financial instruments and leasing standards retrospectively, which could impact future reporting[59]. - The report was presented by Chairman Yue Xiangxun, indicating leadership involvement in financial disclosures[60].