威海广泰(002111) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥350,657,812.98, a decrease of 8.74% compared to ¥384,236,878.72 in the same period last year[7]. - Net profit attributable to shareholders increased by 15.02% to ¥58,604,665.58 from ¥50,952,732.05 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥48,578,300.98, reflecting a growth of 10.09% compared to ¥44,126,659.06 in the previous year[7]. - The basic earnings per share rose by 23.08% to ¥0.16 from ¥0.13 in the same period last year[7]. - The weighted average return on equity increased to 2.11%, up from 1.94% year-on-year[7]. - The company's net profit increased by 15.31% compared to the same period last year, primarily due to a change in accounting estimates for bad debt provisions, which reduced asset impairment losses[15]. - The total profit for Q1 2019 was CNY 68,224,649.48, an increase of 14% compared to CNY 59,838,055.06 in Q1 2018[39]. - The company's operating profit for Q1 2019 was CNY 64,144,200.35, compared to CNY 57,874,492.08 in the same quarter last year, marking an increase of 10.5%[39]. - The total comprehensive income for Q1 2019 was CNY 57,755,880.10, up from CNY 50,088,449.06 in Q1 2018[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,553,512,649.73, a slight decrease of 0.52% from ¥4,577,306,149.56 at the end of the previous year[7]. - Total current assets decreased by 0.62% from December 31, 2018, to March 31, 2019, amounting to approximately CNY 2.94 billion[28]. - The total liabilities increased, with short-term borrowings rising to CNY 700.95 million, up from CNY 658.26 million[28]. - Total liabilities decreased to CNY 1,684,353,225.80 from CNY 1,755,667,879.08, a reduction of 4.0%[30]. - Current liabilities totaled CNY 1,590,947,232.82, with short-term borrowings at CNY 658,261,656.34[54]. - Long-term borrowings were recorded at CNY 55,185,451.00, with total non-current liabilities of CNY 164,720,646.26[54]. Cash Flow - The net cash flow from operating activities was negative at -¥138,240,257.55, worsening by 16.86% compared to -¥118,292,491.50 in the same period last year[7]. - The cash flow from operating activities in Q1 2019 was CNY 414,580,636.46, compared to CNY 395,651,203.82 in the previous year[45]. - Cash inflow from operating activities totaled 425,868,301.92 CNY, compared to 412,843,431.91 CNY in the previous period, showing a slight increase[46]. - Cash outflow from operating activities was 564,108,559.47 CNY, up from 531,135,923.41 CNY, indicating higher operational expenses[46]. - The net cash flow from investing activities decreased by 35.23% to CNY 42.22 million, attributed to the redemption and purchase of financial products[16]. - The net cash flow from financing activities was 22,266,460.32 CNY, significantly higher than 1,586,330.09 CNY in the previous period, showing improved financing performance[51]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,669[11]. - The company repurchased a total of 4,734,220 shares, accounting for 1.24% of the total share capital, with a total expenditure of approximately CNY 49.54 million[18]. - Shareholders' equity increased to CNY 2,869,159,423.93 from CNY 2,821,638,270.48, marking a growth of 1.7%[30]. - The total equity attributable to shareholders of the parent company was CNY 2,755,157,138.21[55]. Investment and Expenses - The construction in progress increased by 74.23% to CNY 32.96 million, reflecting increased investment in ongoing projects[16]. - Financial expenses surged by 194.08% to CNY 5.54 million, mainly due to foreign exchange losses during the reporting period[16]. - The company's investment income decreased by 54.69% to CNY 1.24 million, primarily due to reduced returns from financial products[16]. - Research and development expenses decreased to CNY 17,704,206.34 from CNY 21,822,697.42, a decline of 19.5%[36]. - Research and development expenses for Q1 2019 were CNY 5,685,742.60, a decrease of 38.5% from CNY 9,250,530.19 in Q1 2018[41]. Other Income and Gains - The company reported non-recurring gains of ¥10,026,364.60, primarily from government subsidies and other income[8]. - The company reported a significant increase in other income to CNY 7,600,386.05 from CNY 5,859,788.23, an increase of 29.6%[36]. - The company reported an asset disposal gain of CNY 50,797.00 in Q1 2019, compared to a loss of CNY 4,560.74 in the same period last year[39].