ZHENHUA(SZ:000733)2019-04-26 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥1,158,740,317.22, a decrease of 21.72% compared to ¥1,480,156,297.65 in the same period last year[4] - Net profit attributable to shareholders was ¥106,441,372.76, an increase of 24.08% from ¥85,785,528.12 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥96,341,659.92, reflecting a growth of 31.82% compared to ¥73,083,106.71 in the previous year[4] - Basic earnings per share increased by 15.00% to ¥0.207 from ¥0.180 year-on-year[4] - Net profit for Q1 2019 reached ¥100,242,801.29, an increase of 15.0% compared to ¥87,143,438.51 in Q1 2018[33] - The company reported a significant increase in other comprehensive income, totaling ¥47,115,729.27, compared to a loss of ¥580,856.96 in the previous year[33] Cash Flow - The net cash flow from operating activities was -¥192,103,243.45, an improvement of 18.64% from -¥236,113,581.89 in the same period last year[4] - Cash flow from operating activities showed a net outflow of CNY -192,103,243.45, an improvement from the outflow of CNY -236,113,581.89 in the prior year[38] - Cash inflow from investment activities totaled CNY 684,590,777.51, while cash outflow was CNY 764,737,744.26, resulting in a net cash outflow of CNY -80,146,966.75[40] - Cash inflow from financing activities was CNY 1,174,794,090.97, with cash outflow totaling CNY 1,220,358,643.07, leading to a net cash outflow of CNY -45,564,552.10[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,745,012,810.02, representing a 6.00% increase from ¥10,137,094,080.48 at the end of the previous year[4] - Total liabilities increased to approximately CNY 5.63 billion from CNY 5.17 billion, marking a rise of about 8.8%[26] - The company's total assets reached approximately CNY 10.75 billion, up from CNY 10.14 billion, which is an increase of about 6.1%[27] - The total equity of the company as of Q1 2019 was ¥4,131,278,618.32, up from ¥4,081,432,760.87 in the same period last year[31] Shareholder Information - The top shareholder, China Zhenhua Electronics Group Co., Ltd., holds 32.94% of the shares, totaling 169,573,344 shares[7] - Net assets attributable to shareholders reached ¥4,978,093,197.93, up 3.18% from ¥4,824,536,095.90 at the end of the previous year[4] Research and Development - Research and development expenses rose by 79.82% to ¥57,701,969.18, reflecting increased investment in product development[15] - R&D expenses increased to ¥57,701,969.18, up 80.0% from ¥32,087,904.99 in the previous year[32] Borrowings and Financial Expenses - Long-term borrowings increased by 86.59% to ¥1,686,441,000.00, attributed to new loans obtained for projects[14] - The company reported a 135.86% increase in financial expenses to ¥25,686,487.90, due to higher borrowing costs and foreign exchange losses[15] Other Income and Adjustments - The company received government subsidies amounting to ¥9,973,527.14 during the reporting period[5] - The company has made adjustments in accounting policies regarding financial instruments, affecting the classification of certain investments[48] Market and Operational Insights - The number of enterprises included in the consolidated financial statements decreased to 16, down by 1 compared to the same period last year[13] - The company has not undergone an audit for the first quarter report[49] - The report indicates no significant changes in user data or market expansion strategies during the quarter[48]