CRUN(SZ:002272)2019-04-22 16:00Financial Performance - The company's operating revenue for Q1 2019 was CNY 222,220,243.48, representing a 102.96% increase compared to CNY 109,489,227.89 in the same period last year[7]. - Net profit attributable to shareholders reached CNY 46,765,832.76, a significant increase of 990.85% from a loss of CNY 5,249,554.86 in the previous year[7]. - Basic earnings per share improved to CNY 0.1114, compared to a loss of CNY 0.0125 per share in the same period last year, marking a 991.20% increase[7]. - The total comprehensive income for Q1 2019 was CNY 46,715,240.03, a substantial recovery from a loss of CNY 5,542,580.76 in Q1 2018[42]. - The total comprehensive income for the first quarter amounted to CNY 36,158,638.25, compared to CNY 15,004,209.07 in the same period last year, reflecting a significant increase[46]. Cash Flow - The net cash flow from operating activities was negative at CNY -5,556,664.85, but improved by 74.46% from CNY -21,760,565.22 in the previous year[7]. - Cash inflows from operating activities totaled CNY 201,500,943.14, up from CNY 117,311,718.93 year-over-year, indicating a growth of approximately 71.6%[49]. - Cash outflows for purchasing goods and services increased to CNY 141,182,277.77 from CNY 80,111,386.99, representing a rise of about 76.4%[49]. - The net cash flow from investing activities was CNY 8,782,679.85, a recovery from negative CNY 5,555,176.85 in the prior year[50]. - Cash inflows from financing activities were CNY 25,000,000.00, down from CNY 100,320,000.00 in the previous year, indicating a decrease of approximately 75.2%[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,772,358,937.83, a slight decrease of 0.78% from CNY 1,786,254,422.93 at the end of the previous year[7]. - Total liabilities decreased to CNY 491,239,956.10 from CNY 555,800,651.99, a reduction of about 11.6%[32]. - The company's equity increased to CNY 1,281,118,981.73 from CNY 1,230,453,770.94, marking an increase of approximately 4.1%[33]. - Current assets totaled CNY 1,323,834,390.71, showing a marginal increase from CNY 1,322,760,201.81[30]. - The company reported a significant amount of other receivables at CNY 393,572,590.75, which may impact cash flow management[59]. Operating Expenses - Operating costs increased by 92.97% year-on-year, corresponding to the increase in operating revenue[15]. - Sales expenses increased by 43.24% year-on-year, attributed to the increase in business volume and further sales investment[15]. - Management expenses increased by 50.95% year-on-year, primarily due to the amortization of equity incentive expenses[15]. - Financial expenses decreased by 32.14% year-on-year, mainly due to increased interest income and reduced exchange losses[15]. - Research and development expenses for Q1 2019 were CNY 3,459,986.85, slightly up from CNY 3,386,286.46 in the previous year, indicating continued investment in innovation[39]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,961, with the top shareholder holding 17.98% of the shares[10]. - The company's retained earnings increased by 36.97% due to the net profit achieved during the reporting period[14]. - Non-recurring gains and losses totaled CNY 45,528,798.22, primarily due to compensation for land acquisition and government subsidies[8]. Contracts and Orders - The company had an order backlog of 512 million yuan at the end of the reporting period, with 374 million yuan from hydraulic lubrication equipment and 138 million yuan from boilers and accessories[18]. - The company signed a contract for hydraulic system equipment for the 50MW tower salt melting power station project, with a total contract amount of 206.99 million yuan, and confirmed sales revenue of 99.03 million yuan during the reporting period[20]. - The company confirmed compensation income of 157.66 million yuan from the lower factory area, with a net profit of 104.43 million yuan after deducting relocation costs and taxes[19]. Financial Reporting - The first quarter report for 2019 was not audited, indicating preliminary financial data[62]. - The company implemented new financial accounting standards effective January 1, 2019, impacting the classification of financial instruments[61].