CQP(SZ:000950)2019-04-26 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥7,909,446,755.05, representing a 30.29% increase compared to ¥6,070,791,507.91 in the same period last year[10] - Net profit attributable to shareholders of the listed company was ¥131,507,948.74, a decrease of 4.28% from ¥137,390,660.61 in the previous year[10] - The company's operating revenue for the first quarter of 2019 was CNY 7,909,446,755.05, representing a 30.29% increase compared to CNY 6,070,791,507.91 in the same period last year[28] - Net profit for the current period was ¥153,416,317.03, compared to ¥147,800,676.41 in the same period last year, reflecting a 3.5% increase[78] - The company reported a total comprehensive income of ¥168,918,530.92, an increase from ¥124,758,731.57 in the previous year[78] Cash Flow - The net cash flow from operating activities was -¥1,572,802,104.45, which is a 5.38% increase in outflow compared to -¥1,492,533,105.13 in the same period last year[10] - The net cash flow from operating activities decreased by 5.38% to CNY -1,572,802,104.45 from CNY -1,492,533,105.13, mainly due to increased accounts receivable[31] - Cash flow from operating activities shows a net outflow of -1,572,802,104.45, compared to -1,492,533,105.13 in the previous period[89] - The net cash flow from investment activities was -277,727,125.00 yuan, a significant drop from 30,000,000.00 yuan in the previous period, highlighting increased cash outflows for investments[96] Assets and Liabilities - Total assets at the end of the reporting period were ¥22,549,583,047.98, marking a 12.10% increase from ¥20,114,884,429.08 at the end of the previous year[10] - Total liabilities amounted to CNY 14.26 billion, up from CNY 12.01 billion, reflecting a growth of approximately 18.7%[61] - The company reported a total asset value of 20,114,884,429.08 yuan, with total liabilities amounting to 12,007,249,608.87 yuan, resulting in total equity of 8,107,634,820.21 yuan[103] - Total assets increased to CNY 22.55 billion, up from CNY 20.11 billion, representing a growth of approximately 12.1% year-over-year[68] Shareholder Information - The top shareholder, Chongqing Chemical Industry Holding (Group) Co., Ltd., holds 38.47% of the shares, with a total of 664,900,806 shares[15] - The net assets attributable to shareholders of the listed company were ¥7,467,058,469.82, reflecting a 2.01% increase from ¥7,319,684,703.88 at the end of the previous year[10] Expenses and Income - Total operating costs amounted to ¥7,807,584,879.16, up 30.9% from ¥5,963,929,023.22 year-over-year[75] - Financial expenses surged by 114.68% to CNY 83,629,172.22 from CNY 38,954,786.85, attributed to higher interest costs from increased borrowings[28] - Research and development expenses were reported at ¥71,104.25, a significant decrease from ¥614,105.42 in the previous period[75] - The company’s investment income increased to ¥66,002,119.63 from ¥50,751,047.02, marking a 30.1% growth[75] Risk Management - The company has established a financial derivative trading management system to mitigate risks associated with exchange rate fluctuations[45] - The company’s independent directors support the financial derivative trading activities, emphasizing the need to enhance financial stability and risk management[45] Investor Relations - The company conducted an investor relations activity on March 14, 2019, to engage with institutional investors[46] Other Financial Metrics - The weighted average return on net assets was 1.78%, down from 2.02% in the previous year, a decrease of 0.24%[10] - The company reported a credit impairment loss of ¥75,397,206.20, which was not present in the previous period[75] - The company’s total liabilities to total assets ratio is approximately 59.7%, indicating a moderate level of leverage[103]