宗申动力(001696) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,272,794,743.59, a decrease of 4.44% compared to ¥1,331,992,471.09 in the same period last year[10]. - Net profit attributable to shareholders was ¥73,043,306.30, representing a 21.93% increase from ¥59,905,661.96 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was ¥59,130,623.29, up 25.14% from ¥47,251,191.42 in the previous year[10]. - Basic and diluted earnings per share increased to ¥0.0638, up 21.99% from ¥0.0523 in the previous year[10]. - The net profit for the current period is CNY 81,083,595.75, an increase of 21.4% compared to CNY 66,841,838.97 in the previous period[73]. - The total profit for the current period is CNY 93,820,784.26, up from CNY 81,404,232.02, reflecting a growth of 15.5%[73]. - The total comprehensive income for the current period is CNY 80,226,519.69, compared to CNY 64,644,867.06 in the previous period, indicating a growth of 24%[75]. Cash Flow - The net cash flow from operating activities was ¥184,763,494.95, a significant improvement of 221.16% compared to a negative cash flow of ¥152,493,729.87 in the same period last year[10]. - The total cash inflow from operating activities was 1,243,839,740.30, while cash outflow was 1,059,076,245.35, resulting in a net cash inflow of 184,763,494.95[88]. - The cash flow from investment activities showed a net outflow of -81,173,194.54, compared to -455,592,215.58 in the previous period, reflecting a reduced investment outflow[91]. - The cash flow from financing activities resulted in a net outflow of -158,584,742.17, compared to a net inflow of 170,985,039.31 in the previous period, indicating a shift in financing strategy[91]. - The company achieved a cash inflow from operating activities of CNY 1,142,306,258.12, slightly down from CNY 1,156,059,561.30 in the previous period[85]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,238,754,476.11, a slight decrease of 0.28% from ¥8,261,926,647.30 at the end of the previous year[10]. - The company's total current assets amounted to RMB 4,252,879,436.98, an increase from RMB 4,190,848,290.23 as of December 31, 2018, representing a growth of approximately 1.5%[50]. - The company's total liabilities decreased to RMB 3,614,712,035.66 from RMB 3,708,434,656.24, a reduction of about 2.5%[56]. - Total liabilities amount to approximately $2.14 billion, with current liabilities totaling about $868.14 million[109]. - Non-current liabilities are approximately $1.27 billion, primarily consisting of long-term loans of $910 million[109]. Shareholder Information - The net assets attributable to shareholders increased by 1.59% to ¥4,165,160,270.47 from ¥4,099,893,251.37 at the end of the previous year[10]. - The company had a total of 89,342 common shareholders at the end of the reporting period[15]. - As of March 31, 2019, the core team members have cumulatively increased their holdings by 8,815,445 shares, amounting to ¥50,036,743.77[27]. Research and Development - Total development expenditure rose to ¥2,619.94 million, reflecting an increase of 34.41% from ¥1,949.21 million, attributed to increased investment in new product development[23]. - Research and development expenses increased to RMB 36,253,848.18, up from RMB 32,644,747.37, indicating a growth of approximately 11.5% year-over-year[70]. - Research and development expenses increased to CNY 4,141,129.68 from CNY 3,164,945.91, marking a rise of 30.8%[76]. Financial Standards and Compliance - The company has implemented new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[105]. - The report indicates that the company is in compliance with the revised accounting standards, ensuring transparency in financial reporting[111]. - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[112]. Other Financial Metrics - The company reported a government subsidy of ¥1,952,099.31 during the reporting period[10]. - The weighted average return on equity was 1.77%, an increase of 0.19 percentage points from 1.58% in the previous year[10]. - The company confirmed a fair value change gain of ¥1,146.37 million from derivative investments during the reporting period, with total investment income amounting to ¥1,363.50 million[40].