西王食品(000639) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was CNY 1,382,926,225.89, representing a 1.52% increase compared to CNY 1,362,202,787.63 in the same period last year[8] - Net profit attributable to shareholders was CNY 91,743,304.15, up 9.47% from CNY 83,809,616.37 year-on-year[8] - Basic earnings per share increased by 9.09% to CNY 0.12 from CNY 0.11 in the same period last year[8] - Net profit for Q1 2019 reached CNY 104,208,835.07, representing a 13.3% increase from CNY 91,909,136.14 in Q1 2018[32] - The company reported a total comprehensive income of CNY 74,754,585.88 for Q1 2019, compared to CNY 60,339,857.03 in Q1 2018, marking an increase of about 23.9%[33] - The company reported an operating profit of 630,166.53, a significant improvement compared to a loss of 68,495,798.94 in the previous period, marking a turnaround in profitability[36] - The total comprehensive income for the period was 630,166.53, a stark contrast to a loss of 68,495,739.54 in the previous period, highlighting a significant recovery[36] Cash Flow and Assets - The net cash flow from operating activities significantly decreased by 96.95%, amounting to CNY 15,625,944.07 compared to CNY 512,189,239.91 in the previous year[8] - Cash paid for goods and services increased by 36.68% from CNY 740,055,992.07 to CNY 1,011,506,274.34, driven by rising raw material procurement costs[15] - The net cash flow from operating activities was 15,625,944.07, a decline from 512,189,239.91 in the previous period, reflecting a decrease of about 96.9%[40] - The company reported a net increase in cash and cash equivalents of -25,650,676.97, compared to a substantial increase of 1,149,229,766.12 in the previous period, indicating cash flow challenges[40] - The cash and cash equivalents at the end of the period decreased to 800,464,570.28 CNY, down from an initial balance of 75,120,019.62 CNY[44] - The net increase in cash and cash equivalents was 800,100,389.86 CNY, despite a negative impact of -151,029,067.75 CNY from exchange rate fluctuations[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,123,947,306.41, a decrease of 1.52% from CNY 10,279,742,024.01 at the end of the previous year[8] - The company's total assets decreased to CNY 4,220,564,018.52 as of March 31, 2019, down from CNY 4,344,438,265.98 at the end of 2018[29] - Total current assets decreased from CNY 3,997,519,427.38 to CNY 3,945,584,367.88[22] - Total liabilities decreased from CNY 5,253,355,988.06 to CNY 4,962,806,684.58[23] - The total liabilities decreased to CNY 928,655,510.32 from CNY 1,053,159,924.31 at the end of 2018, indicating a reduction of approximately 11.8%[28] - The company's equity increased slightly to CNY 3,291,908,508.20 from CNY 3,291,278,341.67 at the end of 2018[29] - Total equity increased from CNY 5,026,386,035.95 to CNY 5,161,140,621.83[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,167[11] - The largest shareholder, Xiwang Group Co., Ltd., holds 29.70% of the shares, amounting to 228,961,230 shares[11] Expenses and Costs - Total operating costs for Q1 2019 were CNY 1,268,452,742.31, up from CNY 1,247,296,152.48 in the same period last year, reflecting a rise of approximately 1.0%[30] - Research and development expenses for Q1 2019 were CNY 10,412,612.11, down from CNY 19,519,534.64 in the same period last year, reflecting a decrease of approximately 46.6%[30] - The company incurred management expenses of 2,661,031.54, up from 2,017,323.42, representing an increase of approximately 32%[35] - Financial expenses showed a significant reduction, with a net income of 3,300,987.78 compared to an expense of 66,205,010.72 in the previous period, indicating a positive shift in financial management[35] Taxation - The company paid 116,606,347.87 in taxes, an increase from 88,679,165.50, reflecting a rise of about 31.5% in tax obligations[40] - Taxes payable decreased by 64.21% from CNY 35,734,024.86 to CNY 12,787,524.77 as a result of tax payments made in the fourth quarter[15] - Taxes paid rose by 31.49% from CNY 88,679,165.50 to CNY 116,606,347.87, reflecting fourth-quarter tax payments[15] Government Support - The company received government subsidies amounting to CNY 6,000,000 during the reporting period[9] Audit Information - The company did not undergo an audit for the first quarter report[45]