新朋股份(002328) - 2019 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2019 was ¥829,963,278.27, a decrease of 15.29% compared to ¥979,825,136.94 in the same period last year[8] - Net profit attributable to shareholders increased by 13.74% to ¥21,222,975.17 from ¥18,659,885.23 year-on-year[8] - Net profit excluding non-recurring items rose by 46.28% to ¥12,407,763.41 compared to ¥8,481,977.48 in the previous year[8] - Net profit for Q1 2019 was ¥35,708,803.25, a decline of 8.9% from ¥39,122,399.97 in Q1 2018[38] - Basic and diluted earnings per share for Q1 2019 were both ¥0.0474, compared to ¥0.0416 in Q1 2018, representing an increase of 4.6%[39] - The company reported a comprehensive income total of ¥54,031,923.28 for Q1 2019, up from ¥37,921,200.36 in the same period last year, indicating a growth of 42.5%[39] Cash Flow and Liquidity - Net cash flow from operating activities increased by 50.50% to ¥124,472,454.70 from ¥82,704,536.65 year-on-year[8] - Operating cash flow net amount increased by 50.5% due to delayed sales settlements in the previous year[17] - Cash flow from operating activities generated a net cash inflow of ¥124,472,454.70, an increase from ¥82,704,536.65 in the previous period[46] - The company's cash and cash equivalents rose to ¥44,529,127.06 from ¥41,104,256.69, marking an increase of 5.9%[32] - The cash and cash equivalents at the end of the period increased to ¥297,905,297.20 from ¥257,973,628.79, reflecting a positive liquidity position[47] - The company received tax refunds amounting to ¥10,070,932.06, compared to ¥7,867,385.33 in the previous period, indicating better tax recovery[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,996,300,599.21, up 1.32% from ¥3,944,372,512.90 at the end of the previous year[8] - Total current assets as of March 31, 2019, amounted to CNY 1,701,471,899.03, an increase from CNY 1,621,866,339.94 at the end of 2018[28] - Total liabilities as of March 31, 2019, were CNY 993,525,004.04, a slight decrease from CNY 995,865,827.31 at the end of 2018[29] - Total equity as of March 31, 2019, was CNY 3,002,775,595.17, an increase from CNY 2,948,506,685.59 at the end of 2018[30] - The total liabilities decreased to ¥21,745,475.86 from ¥27,241,773.95, a reduction of 20.1%[34] - The total liabilities increased to CNY 27,241,773.95, up from CNY 21,745,475.86, representing a growth of approximately 25.5% year-over-year[57] Expenses and Cost Management - Management expenses decreased by 39.14% compared to the same period last year, mainly due to reduced technical consulting fees[16] - R&D expenses decreased by 39.62% compared to the same period last year, mainly due to a reduction in the number of projects[18] - Financial expenses decreased by 31% year-on-year, primarily due to a reduction in consolidated losses during the reporting period[18] - Total operating costs for Q1 2019 were ¥796,855,468.37, down 15.4% from ¥942,446,106.92 in the previous year[36] - Operating costs decreased to ¥8,271,071.03 from ¥9,386,494.45, reflecting a cost reduction strategy[40] Other Financial Metrics - Prepayments increased by 302.46% compared to the beginning of the year, mainly due to increased equipment and project payments[16] - Other receivables rose by 34.82%, primarily due to increased deposits[16] - Asset impairment losses decreased by 430.21% year-on-year, mainly due to the completion of loss processing for certain inventory caused by transportation issues[18] - Asset disposal gains increased by 196.84% year-on-year, primarily due to increased gains from asset disposals[18] - Fair value change gains increased by 100% year-on-year, mainly due to changes resulting from the implementation of new financial instrument standards[18] - Non-operating income decreased by 93.3% year-on-year, mainly due to a reduction in government subsidies unrelated to daily activities[18] Accounting and Reporting - The first quarter report was not audited, indicating that the figures may be subject to change[60] - The adjustment of financial assets due to new accounting standards resulted in an increase in retained earnings by CNY 18,762,231.37[55] - The company reported an adjustment of CNY 18,762,231.37 to retained earnings due to the implementation of new accounting standards[58] - The new financial instrument standards are expected to have no significant impact on the company's financial reporting[59]