粤桂股份(000833) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥574,791,509.87, representing a 6.66% increase compared to ¥538,923,550.00 in the same period last year[8]. - The net profit attributable to shareholders decreased significantly by 83.39% to ¥5,201,886.99 from ¥31,325,500.11 year-on-year[8]. - The net profit after deducting non-recurring gains and losses dropped by 99.75% to ¥75,104.14 compared to ¥29,839,527.18 in the previous year[8]. - Basic and diluted earnings per share fell by 83.37% to ¥0.0078 from ¥0.0469 year-on-year[8]. - The weighted average return on equity decreased to 0.19% from 1.18% in the previous year[8]. - The company reported a net profit margin improvement, with net profit for the period reflecting a positive trend compared to the previous year, although specific figures were not disclosed in the provided data[38]. - The net profit for the first quarter was CNY 3,512,168.80, significantly lower than CNY 30,370,059.05 in the same period last year, representing a decline of approximately 88.4%[41]. - The total profit for the first quarter was CNY 7,552,816.03, down from CNY 41,051,415.12 in the previous year, indicating a decrease of about 81.6%[41]. - The company experienced an operating profit of CNY 7,472,327.32, a significant drop from CNY 40,983,909.82 in the previous year, representing a decrease of about 81.8%[41]. Cash Flow - The net cash flow from operating activities was negative at -¥111,544,392.52, an improvement of 46.38% from -¥208,041,385.79 in the same period last year[8]. - The company reported a cash inflow from operating activities of CNY 685,599,282.40, compared to CNY 583,878,726.40 in the previous period, indicating an increase of approximately 17.4%[47]. - The net cash flow from operating activities was -111,544,392.52, an improvement from -208,041,385.79 in the previous period, indicating a reduction in cash outflow[49]. - Cash flow from financing activities resulted in a net outflow of -101,546,575.44, a decrease from a net inflow of 159,911,445.98 in the previous period[50]. - The cash flow from operating activities showed a total outflow of 814,051,316.05, compared to 821,728,396.28 in the previous period, indicating a slight improvement[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,058,182,307.57, a 1.60% increase from ¥3,994,265,404.60 at the end of the previous year[8]. - The net assets attributable to shareholders increased slightly by 0.19% to ¥2,735,871,345.65 from ¥2,730,553,641.18 at the end of the previous year[8]. - Total liabilities increased to CNY 1,329,093,544.45 in Q1 2019 from CNY 1,268,804,627.75, marking an increase of approximately 4.8%[32]. - Total current assets amounted to CNY 1,959,197,619.06 as of December 31, 2018[56]. - Total non-current assets reached CNY 2,035,067,785.54, leading to total assets of CNY 3,994,265,404.60[56]. - The company's total liabilities and owner's equity matched the total assets at CNY 3,994,265,404.60[57]. Inventory and Receivables - Accounts receivable decreased by 14.78% compared to the beginning of the year, primarily due to a reduction in the settlement amount of accounts receivable from Yun Sulfide Mining[17]. - Inventory increased by 114.62% compared to the beginning of the year, mainly due to an increase in the stock of refined sugar and paper raw materials[17]. - Inventory levels surged to CNY 448,060,753.07, compared to CNY 158,579,277.05 in the previous period, representing an increase of approximately 182.5%[35]. Research and Development - R&D expenses increased by 81.99% year-on-year, indicating a significant rise in research and development investment[17]. - Research and development expenses rose to CNY 6,504,245.58 in Q1 2019, compared to CNY 3,573,982.09 in the previous period, reflecting an increase of approximately 82.5%[38]. - Research and development expenses increased to CNY 1,210,949.97 from CNY 126,407.19, reflecting a growth of approximately 858.5%[44]. Investment Activities - The company reported non-operating income from government subsidies amounting to ¥5,476,568.44 during the reporting period[9]. - Total cash inflow from investment activities amounted to 501,207,549.74, significantly higher than 20,206.06 in the previous period[49]. - The net cash flow from investment activities was 70,598,307.01, compared to -80,965,224.59 in the previous period, showing a positive turnaround[49]. - The company received 500,019,704.92 in cash from investment recoveries, indicating strong investment recovery efforts[52]. Financial Position - The total equity attributable to shareholders of the parent company was CNY 2,734,296,425.17, slightly up from CNY 2,730,553,641.18, indicating a marginal increase[32]. - Cash and cash equivalents decreased to CNY 287,532,250.04 from CNY 368,326,927.32, a decline of about 22%[34]. - The total comprehensive income attributable to the parent company was CNY 5,201,886.99, down from CNY 31,325,500.11, a decline of approximately 83.4%[41]. Other Financial Information - The company implemented new financial instrument accounting standards on January 1, 2019, resulting in reclassification of certain financial assets[62]. - The first quarter report for 2019 was not audited, indicating preliminary financial data[63].