正威新材(002201) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥227,492,900.35, representing a 2.09% increase compared to ¥222,828,993.98 in the same period last year[8] - Net profit attributable to shareholders was ¥2,547,306.62, up 5.67% from ¥2,410,734.67 year-on-year[8] - The net profit after deducting non-recurring gains and losses surged by 3,107.75% to ¥2,075,676.40 from ¥64,708.19 in the previous year[8] - The company's operating profit for the first quarter was CNY 4,132,581.37, an increase from CNY 2,289,358.53 in the previous period, representing an increase of approximately 80.5%[38] - The total profit for the quarter reached CNY 4,058,633.29, compared to CNY 2,961,731.89 in the same period last year, marking a growth of about 37.1%[38] - The net profit attributable to the parent company was CNY 2,547,306.62, up from CNY 2,410,734.67, reflecting an increase of approximately 5.7%[39] - The company's revenue for the quarter was CNY 163,645,085.54, slightly down from CNY 163,880,827.07 in the previous period[41] Cash Flow - The net cash flow from operating activities decreased by 36.57% to ¥17,180,742.91, down from ¥27,087,321.27 in the same period last year[8] - The company reported a net cash inflow from operating activities of CNY 267,118,482.34, compared to CNY 262,246,557.92 in the previous period, an increase of about 1.4%[45] - Total cash inflow from operating activities was ¥272,919,350.99, while cash outflow was ¥255,738,608.08, resulting in a net cash inflow of ¥17,180,742.91[46] - Cash flow from investing activities showed a net outflow of ¥11,778,444.94, compared to a larger outflow of ¥32,461,105.52 in the previous year[47] - Cash inflow from financing activities was ¥295,435,511.31, slightly down from ¥295,933,444.70 in the previous year[47] - The net cash flow from financing activities improved significantly to ¥44,352,958.24 from a negative cash flow of ¥121,917,219.85 in the previous year[47] - The ending balance of cash and cash equivalents increased to ¥117,868,519.52 from ¥40,657,568.52 in the previous year[47] - The company received ¥203,412,000.00 in borrowings, an increase from ¥182,500,000.00 in the previous year[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,385,296,287.58, a 2.82% increase from ¥2,319,814,106.79 at the end of the previous year[8] - The total current liabilities increased to CNY 299.03 million, compared to CNY 204.09 million at the end of the previous year[28] - The total liabilities as of March 31, 2019, amounted to CNY 1,484,206,756.81, compared to CNY 1,421,091,882.64 at the end of 2018, representing an increase of approximately 4.4%[30] - The total assets reached CNY 2,385,296,287.58, up from CNY 2,319,814,106.79, indicating a growth of about 2.8%[30] - Total liabilities reached CNY 1,421,091,882.64, with current liabilities at CNY 879,338,891.62[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,846[11] - The largest shareholder, Gu Qingbo, holds 29.85% of the shares, totaling 99,225,904 shares[11] - The net assets attributable to shareholders increased by 0.26% to ¥901,089,530.77 from ¥898,722,224.15 at the end of the previous year[8] - The total equity attributable to shareholders increased to CNY 901,089,530.77 from CNY 898,722,224.15, a growth of about 0.4%[30] Expenses - The total operating costs for Q1 2019 were CNY 224,041,069.38, slightly up from CNY 222,317,892.39, indicating a marginal increase of about 0.3%[36] - The gross profit margin for Q1 2019 was approximately 1.08%, down from the previous period's margin, reflecting increased costs relative to revenue[36] - Research and development expenses for Q1 2019 were CNY 6,216,444.15, slightly down from CNY 6,621,752.56, indicating a decrease of about 6.1%[36] - Research and development expenses were CNY 4,931,469.11, compared to CNY 5,244,186.43 in the previous period, showing a decrease of approximately 5.9%[41] - Income tax expenses increased by CNY 0.96 million, a growth of 174.29%, mainly due to increased income tax provisions by the parent company[16] - The income tax expense for the quarter was CNY 1,511,326.67, up from CNY 550,997.22, indicating a significant increase of about 174.5%[38] Other Financial Metrics - The weighted average return on net assets was 0.28%, slightly up from 0.27% in the previous year[8] - The company's cash and cash equivalents increased to CNY 170,050,726.51 from CNY 117,774,621.18, marking a growth of about 44.4%[32] - The company's retained earnings increased to CNY 229,192,487.71 from CNY 220,668,494.48, showing an increase of approximately 3.3%[35] - The company reported a decrease in short-term borrowings to CNY 398,886,925.00 from CNY 416,587,960.00, reflecting a reduction of approximately 4.2%[33] - The company received government subsidies amounting to ¥619,371.09 during the reporting period[9] Audit Status - The first quarter report was not audited[60]