Kingking(002094)2019-04-28 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥1,352,933,351.36, representing a 13.30% increase compared to ¥1,194,140,948.62 in the same period last year[7]. - Net profit attributable to shareholders decreased by 43.26% to ¥27,129,648.87 from ¥47,816,116.79 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥26,110,991.01, down 44.54% from ¥47,079,479.35 in the previous year[7]. - Basic earnings per share fell by 68.03% to ¥0.0390 from ¥0.1220 year-on-year[7]. - The company reported a significant increase in inventory, rising to CNY 1.02 billion from CNY 932.21 million at the end of 2018[27]. - The company reported a total revenue of 128,149,294.15 yuan from sales of goods and services, compared to 90,049,988.61 yuan in the previous period, showing a growth in sales[49]. - Net profit for Q1 2019 decreased to CNY 33,134,102.57 from CNY 57,541,754.65 in Q1 2018, representing a decline of 42.5%[38]. - The total comprehensive income for the first quarter was CNY 35,473,515.37, compared to CNY 71,347,627.75 in the previous period, reflecting a decrease of approximately 50.3%[42]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥349,087,459.47, a decline of 30.03% compared to -¥268,462,567.52 in the same period last year[7]. - The company's cash and cash equivalents decreased to CNY 967.59 million from CNY 1.24 billion at the end of 2018[27]. - The company's total liabilities increased to CNY 3.04 billion from CNY 2.54 billion at the end of 2018[29]. - The company's cash flow from operating activities showed a net outflow of CNY -349,087,459.47, worsening from CNY -268,462,567.52 in the previous year[46]. - The ending balance of cash and cash equivalents was 425,425,417.23 yuan, down from 461,016,545.47 yuan at the beginning of the period, indicating a net decrease of 35,591,128.24 yuan[51]. - The total cash outflow from operating activities was 206,695,168.74 yuan, up from 159,566,908.91 yuan in the previous period, indicating higher operational costs[50]. - The company’s total assets amounted to 5,916,590,281.64 yuan, with total liabilities of 2,542,200,728.65 yuan, indicating a healthy asset-liability structure[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,257[11]. - Net profit for the first half of 2018 was CNY 127.90 million, indicating a significant growth trajectory[18]. - The company expects a net profit for the first half of 2019 to increase by over 50% year-on-year, with a projected range of net profit between CNY 281.39 million and CNY 345.34 million[18]. Investment and Expenses - The company reported investment income of CNY 54,794,569.31, which is an increase from CNY 30,495,946.02 in the previous year[41]. - Financial expenses increased significantly to CNY 20,130,765.53 from CNY 11,951,514.64, primarily due to higher interest expenses[41]. - Research and development expenses for the first quarter were CNY 3,535,870.72, slightly up from CNY 3,515,098.17 in the previous period[41]. - Investment income surged by 907.07% year-over-year, driven by increased profit recognition from joint ventures[68]. Operational Challenges - The weighted average return on equity decreased to 0.93% from 1.89% year-on-year, a decline of 0.96%[7]. - The company's operating profit for Q1 2019 fell by 35.69% compared to the same period in 2018, reflecting higher costs associated with business expansion[69]. - Net profit for Q1 2019 decreased by 42.42% compared to Q1 2018, mainly due to increased expenses related to cosmetics business expansion[73]. - Other non-current assets decreased by 54.23% compared to March 31, 2018, due to a reduction in prepaid long-term payments[62].