CHQSXP(SZ:000565)2019-04-23 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥108,645,178.13, a decrease of 27.96% compared to ¥150,815,741.82 in the same period last year[8]. - Net profit attributable to shareholders was ¥11,524,660.06, representing a 4.06% increase from ¥11,074,903.71 year-on-year[8]. - The total profit for the current period is ¥12,879,730.42, compared to ¥13,047,847.10 in the previous period, showing a decline of about 1.3%[51]. - The net profit for the current period is ¥11,849,052.50, slightly down from ¥11,915,685.45 in the previous period, indicating a decrease of about 0.55%[51]. - The company's total comprehensive income for the current period is ¥12,172,021.46, compared to ¥9,322,870.52 in the previous period, indicating an increase of approximately 30%[52]. Cash Flow - The net cash flow from operating activities was ¥3,096,875.33, a significant improvement from a negative cash flow of ¥73,860,976.95 in the previous year, marking a 104.19% change[8]. - Operating cash inflow totaled CNY 156,941,258.20, an increase from CNY 152,272,026.46 year-over-year[59]. - Net cash flow from operating activities reached CNY 59,704,924.38, a significant improvement from a negative CNY 47,477,252.60 in the previous year[59]. - Cash inflow from financing activities amounted to CNY 110,000,000.00, down from CNY 200,000,000.00 year-over-year[60]. - The cash and cash equivalents at the end of the period totaled ¥257,641,276.09, down from ¥311,309,730.95, reflecting a decrease of approximately 17%[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,502,393,154.12, an increase of 2.29% from ¥1,468,725,389.85 at the end of the previous year[8]. - The company's total liabilities were CNY 411,688,414.81, compared to CNY 389,868,279.56 at the end of 2018[38]. - Total liabilities rose to CNY 461,789,045.44, compared to CNY 394,255,597.30, reflecting an increase of about 17%[44]. - The company's equity attributable to shareholders increased to CNY 1,090,704,739.31 from CNY 1,078,857,110.29 at the end of 2018[39]. - The company's equity totaled CNY 1,046,741,454.38, up from CNY 1,034,569,432.92, indicating a growth of approximately 1.2%[44]. Shareholder Information - The company had a total of 39,133 common shareholders at the end of the reporting period[12]. - The largest shareholder, Chongqing Chemical Industry Holding (Group) Co., Ltd., held 40.55% of the shares, totaling 175,808,982 shares[12]. Expenses - Operating costs decreased by 34.82% from CNY 119,334,372.12 to CNY 77,786,803.74, primarily due to a significant reduction in the chemical trading business of the subsidiary[18]. - Research and development expenses for Q1 2019 were CNY 1,566,017.80, down 22% from CNY 2,009,527.16 in the previous year[45]. - The company's sales expenses increased to ¥4,041,780.32 from ¥3,393,575.96, reflecting an increase of about 19%[50]. Financial Instruments and Investments - Available-for-sale financial assets decreased by 100% to CNY 0, due to the implementation of new financial instrument standards from January 1, 2019[17]. - The company executed new financial instrument standards starting January 1, 2019, impacting accounting policies[61]. - The company reported an investment income of CNY 6,008,544.34, which is an increase from CNY 5,500,102.76 year-on-year[45]. Other Information - The company provided guarantees totaling CNY 40.74 million for its joint venture Xinjiang Xinhui Clean Energy Co., Ltd., with a remaining guarantee amount of up to CNY 157.26 million[22]. - The first quarter report for 2019 was not audited[67].