山东威达(002026) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥373,454,461.31, a decrease of 6.65% compared to ¥400,052,049.32 in the same period last year[7] - Net profit attributable to shareholders increased by 12.80% to ¥29,733,334.24 from ¥26,359,308.36 year-on-year[7] - The net profit after deducting non-recurring gains and losses rose by 13.51% to ¥26,900,549.68 compared to ¥23,698,941.16 in the previous year[7] - Basic earnings per share increased by 16.67% to ¥0.07 from ¥0.06 year-on-year[7] - Net profit for Q1 2019 was CNY 29,237,165.33, representing an increase of 14.5% from CNY 25,669,353.32 in Q1 2018[41] - The net profit for the first quarter of 2019 was CNY 23,162,285.84, a significant recovery from a net loss of CNY 664,216.56 in the same period last year, indicating a turnaround of over 3,500%[45] - Operating profit reached CNY 27,070,880.48, compared to an operating loss of CNY 1,127,939.41 in the previous year, reflecting a positive change of approximately 2,500%[45] Cash Flow - The net cash flow from operating activities decreased significantly by 53.08% to ¥22,405,364.00 from ¥47,755,139.11 in the same period last year[7] - Cash flow from operating activities generated a net amount of CNY 22,405,364.00, down from CNY 47,755,139.11 in the prior year, representing a decrease of about 53%[49] - Total cash inflow from investment activities was CNY 202,376,986.30, a substantial increase from CNY 95,433,277.82 in the previous year, marking an increase of approximately 112%[50] - The cash flow from investment activities resulted in a net outflow of CNY 82,652,085.03, contrasting with a net inflow of CNY 5,017,202.87 in the same period last year[50] - The company received CNY 17,537,948.74 in tax refunds, up from CNY 12,147,792.94 in the previous year, showing an increase of approximately 44%[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,049,582,570.06, a decrease of 0.81% from ¥3,074,514,362.64 at the end of the previous year[7] - Total current assets decreased to CNY 1,941,327,701.07 from CNY 1,964,859,068.83, a decline of approximately 1.2%[31] - Cash and cash equivalents decreased to CNY 268,792,939.63 from CNY 326,325,473.54, representing a decrease of about 17.6%[30] - Total liabilities decreased to CNY 528,202,755.00 from CNY 583,469,635.91, a reduction of approximately 9.5%[32] - Total liabilities decreased to CNY 216,703,024.10 from CNY 220,812,269.24, a reduction of 1.5%[38] - The total liabilities to equity ratio stands at approximately 0.23, indicating a relatively low level of financial leverage[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,173[11] - The largest shareholder, Shandong Weida Group Co., Ltd., held 32.00% of the shares, amounting to 134,431,300 shares[11] - Total equity attributable to shareholders of the parent company was CNY 2,481,249,518.02[57] Financial Adjustments and Standards - The company adjusted its financial reporting to comply with new financial instrument standards, impacting the classification of certain assets[59] - The company has implemented new financial instrument standards and reporting formats since January 1, 2019[61] - The company adjusted its accounting for investments and derivatives in accordance with new financial standards[61] Other Financial Metrics - Total operating costs decreased to CNY 342,737,371.84, down 8.5% from CNY 374,375,106.84 year-on-year[39] - Research and development expenses for Q1 2019 were CNY 19,152,616.86, slightly up from CNY 19,015,084.02 in the previous year[39] - The company reported a financial expense of CNY -3,922,128.76, a significant decrease compared to CNY 19,019,199.52 in Q1 2018[39] - The total comprehensive income for the first quarter was CNY 23,162,285.84, compared to a comprehensive loss of CNY 664,216.56 in the previous year, indicating a significant improvement[46] - The company plans to continue focusing on market expansion and new product development to drive future growth[39]