中钢天源(002057) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥322,231,306.31, representing an increase of 8.06% compared to ¥298,191,307.11 in the same period last year[7] - Net profit attributable to shareholders was ¥44,961,213.99, up 27.45% from ¥35,278,383.11 year-on-year[7] - The basic earnings per share increased to ¥0.1172, a rise of 27.39% compared to ¥0.0920 in the previous year[7] - Total operating revenue for Q1 2019 was CNY 322,231,306.31, an increase of 8.4% compared to CNY 298,191,307.11 in Q1 2018[35] - Net profit for Q1 2019 reached CNY 44,961,213.99, representing a 27.0% increase from CNY 35,409,197.55 in Q1 2018[37] - Basic and diluted earnings per share for Q1 2019 were CNY 0.1172, compared to CNY 0.0920 in Q1 2018, marking a 27.2% increase[38] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,784,382,942.05, reflecting a 1.07% increase from ¥1,765,562,394.56 at the end of the previous year[7] - Total current assets decreased to CNY 618,972,955.98 as of March 31, 2019, down from CNY 690,085,330.71 at the end of 2018, a decline of 10.3%[32] - Total non-current assets increased to CNY 748,015,479.50 as of March 31, 2019, compared to CNY 702,692,014.27 at the end of 2018, an increase of 6.4%[32] - Total assets amounted to CNY 1,366,988,435.48 as of March 31, 2019, down from CNY 1,392,777,344.98 at the end of 2018, a decrease of 1.9%[34] - Total liabilities decreased to CNY 191,866,472.86 as of March 31, 2019, from CNY 217,391,024.82 at the end of 2018, a reduction of 11.7%[33] Cash Flow - The net cash flow from operating activities was negative at -¥78,333,966.75, slightly worse than -¥74,107,973.29 in the previous year, marking a 5.70% increase in cash outflow[7] - Cash flow from operating activities showed a net outflow of -¥78,333,966.75, worsening from -¥74,107,973.29 in the previous period[45] - The net cash flow from investment activities was -41,315,534.97 CNY, contrasting with a positive net cash flow of 18,442,446.80 CNY in the same period last year[49] - The total cash and cash equivalents at the end of the period were 147,840,841.89 CNY, down from 139,699,416.87 CNY year-over-year[50] - The company reported a total cash outflow from operating activities of 96,302,277.98 CNY, compared to 91,803,785.54 CNY in the previous year[49] Research and Development - Research and development expenses increased by 35.09% compared to the same period last year, indicating a stronger focus on innovation[14] - The company reported a research and development expense of CNY 15,018,610.77 for Q1 2019, which increased from CNY 11,117,393.77 in Q1 2018, reflecting a growth of 35.3%[35] - Research and development expenses increased to ¥5,771,850.56, up from ¥4,806,500.95, marking a rise of 20%[40] Other Income and Expenses - The company reported a significant increase of 1384.08% in other income, primarily due to increased government subsidies received[14] - Operating expenses increased by 1142.84% year-on-year, attributed to a smaller comparative base[15] - Income tax expenses increased by 38.11% year-on-year, driven by an increase in net profit and taxable income[15] - Tax refunds received increased by 31.32% year-on-year, mainly due to higher export tax rebates[15] - Cash received from other operating activities increased by 129.99% year-on-year, primarily due to increased government subsidies and construction project-related deposits[15] - Cash paid for other operating activities increased by 73.25% year-on-year, due to higher business expenses and deposits paid[15]