BOSUN(SZ:002282)2019-04-15 16:00Financial Performance - The company's revenue for Q1 2019 was ¥242,182,426.08, representing a 1.94% increase compared to ¥237,584,139.14 in the same period last year[7] - Net profit attributable to shareholders was ¥17,556,353.00, up 17.16% from ¥14,985,056.60 year-on-year[7] - The net profit after deducting non-recurring gains and losses decreased by 7.56% to ¥12,456,527.79 from ¥13,475,621.86 in the previous year[7] - Total operating revenue for Q1 2019 was CNY 242,182,426.08, an increase of 1.3% compared to CNY 237,584,139.14 in Q1 2018[32] - Net profit for Q1 2019 reached CNY 17,556,353.00, representing a 17.5% increase from CNY 14,985,056.60 in Q1 2018[34] Cash Flow - The net cash flow from operating activities was ¥30,678,144.63, a significant recovery from a negative cash flow of -¥32,410,198.80 in the same period last year[7] - Cash flow from operating activities improved by 194.66% to ¥30,678,144.63, driven by the recovery of customs guarantee deposits and reduced procurement and expense payments[14] - The cash flow from operating activities shows a net increase of ¥30,678,144.63, a significant recovery from -¥32,410,198.80 in the previous period[42] - The investment activities resulted in a net cash outflow of -¥8,580,266.13, compared to -¥128,991,338.90 in the previous period[43] - Net cash flow from investment activities was $5,734,560.16, a recovery from a negative $127,243,783.34 in the previous period[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,668,937,587.13, a 0.96% increase from ¥2,643,568,702.87 at the end of the previous year[7] - The company's total assets as of March 31, 2019, amounted to CNY 2,235,781,638.00, slightly up from CNY 2,228,339,279.86 at the end of 2018[31] - Total liabilities as of March 31, 2019, were CNY 305,968,444.29, up from CNY 295,574,178.76 at the end of 2018[30] - Total current assets amounted to 287,949,741.51, with cash and cash equivalents at 52,920,173.92[53] - Total non-current assets reached 1,940,389,538.35, including long-term equity investments of 1,558,251,298.66[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,367[10] - The top shareholder, Chen Huairong, holds 11.72% of the shares, amounting to 51,316,818 shares, with 38,487,613 shares pledged[10] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[11] Income and Expenses - Total operating costs for Q1 2019 were CNY 229,759,610.71, up from CNY 222,970,506.88 in the same period last year, reflecting a rise of 3.5%[32] - Research and development expenses for Q1 2019 were CNY 8,589,888.91, down from CNY 11,658,525.33 in Q1 2018, a decrease of 26.5%[32] - The company reported a decrease in research and development expenses to ¥2,218,399.15 from ¥4,482,223.66 in the previous period[37] Non-Recurring Gains - The company reported non-recurring gains of ¥5,099,825.21, which included government subsidies of ¥4,604,655.98[8] - Other income surged by 338.10% to ¥4,604,655.98, primarily from increased government subsidies[14] Tax and Liabilities - Tax payable rose by 69.53% to ¥12,697,501.74, reflecting higher VAT and income tax obligations[14] - Non-current liabilities decreased significantly as long-term borrowings were repaid, resulting in a 100% reduction in the current portion of non-current liabilities[14] Accounting Changes - The company adopted new financial accounting standards effective January 1, 2019, adjusting "available-for-sale financial assets" to "other equity instruments" without retrospective adjustments[55] - The first quarter report for 2019 was not audited[56] - The company held a board meeting on April 12, 2019, to approve changes in accounting policies[55]