航天电器(002025) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥671,627,813.92, representing a 39.45% increase compared to ¥481,639,971.49 in the same period last year[3]. - The net profit attributable to shareholders was ¥77,733,645.64, up 20.01% from ¥64,771,849.84 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥76,703,437.37, reflecting a 28.57% increase from ¥59,657,912.45 in the previous year[3]. - The basic earnings per share increased to ¥0.18, a rise of 20.00% compared to ¥0.15 in the same period last year[3]. - The company reported a rise in prepayments to ¥81,794,487.34 from ¥63,226,296.82, an increase of approximately 29.4%[18]. - Net profit for Q1 2019 was ¥87,363,820.85, representing a year-on-year growth of 21.6% from ¥71,832,774.09[27]. - The company achieved a gross profit margin of approximately 43.7% in Q1 2019, compared to 49.3% in the same period last year[26]. - Basic and diluted earnings per share for Q1 2019 were both CNY 0.12, up from CNY 0.11 in Q1 2018, indicating a year-over-year increase of 9.1%[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,865,958,549.11, which is a 3.06% increase from ¥4,721,708,076.86 at the end of the previous year[3]. - The total liabilities amounted to ¥1,542,726,718.84, slightly up from ¥1,535,683,713.21, showing a marginal increase of about 0.5%[20]. - The company's total liabilities decreased to ¥1,054,216,942.24 from ¥1,206,499,190.58, a reduction of approximately 12.6%[25]. - The total equity increased to ¥2,226,235,316.17, up from ¥2,173,888,950.22, reflecting a growth of about 2.4%[25]. - The total assets decreased to ¥3,280,452,258.41 from ¥3,380,388,140.80, a reduction of about 2.9%[25]. - The total assets remained unchanged at 4,721,708,076.86 yuan, with current assets also stable at 3,943,251,410.83 yuan[36]. - The company reported a total owner's equity of 3,186,024,363.65 yuan, with retained earnings of 1,303,155,053.64 yuan, showing a solid equity base[37]. Cash Flow - The net cash flow from operating activities was negative at -¥275,531,110.00, a decline of 72.11% compared to -¥160,088,211.74 in the same period last year[3]. - Cash inflow from operating activities totaled CNY 299,818,094.34, compared to CNY 227,534,421.01 in the previous year, reflecting a growth of about 31.7%[32]. - Cash outflow from operating activities was CNY 575,349,204.34, an increase from CNY 387,622,632.75 in the same period last year, resulting in a net cash flow from operating activities of -CNY 275,531,110.00[32]. - The ending balance of cash and cash equivalents was CNY 468,561,110.72, down from CNY 679,968,692.70 at the end of the previous year, a decrease of approximately 30.9%[33]. - The company reported a decrease in cash and cash equivalents of CNY 284,158,149.05 during the period, compared to a decrease of CNY 167,103,207.27 in the previous year[33]. - The total cash and cash equivalents at the end of the period were 276,718,519.34 yuan, down from 572,052,559.61 yuan at the beginning of the period, reflecting a decrease of approximately 51.6%[34]. Operational Metrics - The operating cost for the reporting period was ¥378,381,487.59, an increase of 54.65% year-on-year, attributed to higher revenue and a shift in product mix towards lower-margin civilian products[10]. - Sales expenses increased by 43.86% year-on-year to ¥32,275,274.70, reflecting increased investment in new product promotion and marketing efforts[10]. - The company's inventory balance at the end of the reporting period was ¥499,493,873.74, a growth of 35.13% compared to the beginning of the year, driven by increased material procurement[9]. - Accounts receivable rose to ¥2,958,081,641.16, up from ¥2,687,841,832.97, indicating an increase of about 10.0% year-over-year[18]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥518,111,270.97, a decrease of 35.26% compared to the beginning of the year[9]. Investments and Subsidiaries - The company established a joint venture, Guangdong Huazhan Electronics Co., Ltd., with a registered capital of ¥20 million, where the company holds a 51% stake[12]. - The company executed new financial instrument standards, reclassifying available-for-sale financial assets to other non-current financial assets, impacting the balance sheet[35]. - The company reported a decrease in other payables from ¥363,047,631.34 to ¥196,747,798.82, a decline of approximately 45.9%[24]. - Cash outflows from investment activities totaled 55,137,481.85 yuan, significantly higher than 6,722,524.04 yuan in the previous year, indicating increased investment activity[34]. Government and Regulatory - The company reported government subsidies of ¥2,491,715.55 during the period, which are closely related to its business operations[4]. - The company has not undergone an audit for the first quarter report[41]. - The report does not apply to the new financial instruments and leasing standards[40].