浙江震元(000705) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 776,992,792.79, representing a 9.66% increase compared to CNY 708,577,457.30 in the same period last year[6] - The net profit attributable to shareholders was CNY 16,258,642.95, reflecting a 12.20% increase from CNY 14,490,905.69 year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 13,899,867.29, which is a significant increase of 32.10% compared to CNY 10,522,608.38 in the previous year[6] - The basic earnings per share for the period was CNY 0.0487, which is a 12.21% increase compared to CNY 0.0434 in the same period last year[6] - The total profit for Q1 2019 was CNY 18.50 million, up 12.6% from CNY 16.46 million in Q1 2018[30] - The company's operating profit for Q1 2019 was CNY 18.24 million, an increase of 10.7% from CNY 16.48 million in Q1 2018[30] - The company reported a net profit margin improvement, with net profit for Q1 2019 reflecting a positive trend compared to the previous year[29] Cash Flow - The net cash flow from operating activities was negative CNY 108,830,861.58, a decline of 113.08% compared to negative CNY 51,074,451.29 in the same period last year[6] - The total cash inflow from operating activities was CNY 749,280,165.96, an increase of 8.4% compared to CNY 690,836,971.70 in the previous period[32] - The cash outflow from operating activities totaled CNY 858,111,027.54, up 15.6% from CNY 741,911,422.99 in the previous period[32] - The net cash flow from operating activities was -CNY 108,830,861.58, worsening from -CNY 51,074,451.29 in the previous period[32] - The cash inflow from investment activities was CNY 13,225.00, a significant decrease from CNY 20,150,184.93 in the previous period[32] - The cash outflow from investment activities was CNY 11,825,712.33, down from CNY 23,043,142.03 in the previous period[32] - The net cash flow from investment activities was -CNY 11,812,487.33, compared to -CNY 2,892,957.10 in the previous period[32] - The cash outflow from financing activities was CNY 342,562.50, slightly increasing from CNY 332,822.20 in the previous period[32] - The net cash flow from financing activities was -CNY 342,562.50, compared to -CNY 332,822.20 in the previous period[32] - The total cash and cash equivalents at the end of the period were CNY 82,103,962.76, down from CNY 167,396,807.70 in the previous period[32] - The net increase in cash and cash equivalents was -CNY 121,323,691.93, worsening from -CNY 56,335,831.11 in the previous period[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,209,348,519.68, an increase of 4.20% from CNY 2,120,304,271.19 at the end of the previous year[6] - Total liabilities as of March 31, 2019, were CNY 748,586,434.05, compared to CNY 677,021,602.66 at the end of 2018, reflecting an increase of 10.55%[28] - The company's equity attributable to shareholders was CNY 1,440,152,064.81, an increase from CNY 1,422,866,650.44 in the previous period[28] - Deferred income tax liabilities increased to CNY 19,362,842.14 from CNY 15,679,352.14, showing a rise of 23.3%[28] - Total assets reached CNY 2,209,348,519.68 as of March 31, 2019, up from CNY 2,120,304,271.19 at the end of 2018, indicating a growth of 4.1%[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,370[9] - The largest shareholder, Shaoxing Zhenyuan Health Industry Group Co., Ltd., holds 19.94% of the shares, totaling 66,627,786 shares[9] Expenses - Sales expenses increased by 40.01% from CNY 72,391,863.05 to CNY 101,354,942.27, driven by changes in the sales model under the two-invoice system[14] - The company reported a significant increase in operating expenses, which may impact future profitability and cash flow management[14] - Research and development expenses for Q1 2019 were CNY 7.11 million, a decrease of 12.4% from CNY 8.12 million in the previous year[30] Other Financial Metrics - The gross profit margin improved to 4.5% in Q1 2019 from 5.2% in Q1 2018, indicating a slight decline in profitability despite revenue growth[31] - Other income decreased by 92.32% from CNY 2,677,012.40 to CNY 205,562.09, as there were no contributions from the subsidiary this period[14] - The company reported a total comprehensive income of CNY 27.50 million for Q1 2019, compared to CNY 28.36 million in Q1 2018, reflecting a decrease of 3.0%[30] - Other comprehensive income after tax for Q1 2019 was CNY 11.05 million, down from CNY 13.87 million in the previous year[31] Audit and Standards - The company has not undergone an audit for the first quarter report[37] - The financial report reflects the implementation of new financial instrument and revenue recognition standards, impacting the financial statements[37]