新纶新材(002341) - 2019 Q1 - 季度财报

Revenue and Profitability - The company's revenue for Q1 2019 was ¥633,343,984.21, representing a 24.53% increase compared to ¥508,595,947.47 in the same period last year[7]. - Net profit attributable to shareholders decreased by 80.89% to ¥9,789,826.64 from ¥51,241,700.94 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was a loss of ¥2,094,289.83, a decline of 105.38% compared to ¥38,894,534.22 in the previous year[7]. - Basic and diluted earnings per share fell by 91.65% to ¥0.0085 from ¥0.1018 year-on-year[7]. - Net profit decreased by 82.83% to RMB 8,584,605.13, primarily due to increased R&D and financial expenses[15]. - The company reported a total comprehensive income of CNY 8,366,314.05 for Q1 2019, significantly lower than CNY 49,906,577.32 in the same period last year[41]. - The net profit for Q1 2019 was CNY 4,352,782.71, a decrease of 67.8% compared to CNY 13,538,575.80 in the same period last year[44]. - Operating profit for Q1 2019 was CNY 4,539,629.32, down from CNY 8,573,041.31 in Q1 2018, reflecting a decline of 47.1%[44]. Cash Flow and Financing - The net cash flow from operating activities increased by 69.62% to ¥27,999,837.96 from ¥16,507,293.82 in the same period last year[7]. - The company’s cash flow from financing activities increased significantly by 2976.81% to RMB 133,736,667.08, primarily due to a large amount of financing obtained during the period[16]. - The company reported a total cash inflow from financing activities of CNY 1,163,049,979.00, significantly higher than CNY 551,252,800.00 in the same period last year[49]. - The cash outflow from financing activities was CNY 1,029,313,311.92, compared to CNY 555,599,405.48 in the previous year, reflecting an increase of 84.9%[49]. - The net cash flow from operating activities was 306,050,402.71 CNY, a significant improvement compared to a net outflow of -149,173,577.80 CNY in the same period last year[52]. - The net cash flow from financing activities was 113,085,375.27 CNY, recovering from a net outflow of -26,510,715.90 CNY in the prior year[53]. - The cash flow from operating activities outpaced cash outflows, resulting in a net increase in cash and cash equivalents of 428,363,872.64 CNY[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,759,797,840.59, a slight increase of 0.26% from ¥9,734,261,856.20 at the end of the previous year[7]. - The company's current assets decreased to CNY 4,270,111,888.78 from CNY 4,385,550,439.03, primarily due to a reduction in cash and cash equivalents[29][30]. - Short-term borrowings increased significantly to CNY 2,066,458,754.33 from CNY 1,882,550,786.72, indicating a rise in leverage[30][31]. - The total liabilities rose to CNY 4,609,967,599.90 from CNY 4,594,227,990.56, reflecting a slight increase in financial obligations[31][32]. - Total liabilities as of Q1 2019 amounted to CNY 2,754,162,706.85, compared to CNY 2,604,700,471.86 at the end of the previous year[37]. - The company reported a significant increase in long-term borrowings to CNY 229,400,000.00 from CNY 86,500,000.00, indicating a strategic move to finance long-term projects[31]. Research and Development - Research and development expenses rose by 63.49% to RMB 25,184,030.64, attributed to the addition of R&D expenses from the newly consolidated Qianhong Electronics[15]. - Research and development expenses increased to CNY 25,184,030.64, up 63.2% from CNY 15,404,419.72 in the previous year[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,090[10]. - Net assets attributable to shareholders increased by 0.21% to ¥5,159,934,091.05 from ¥5,149,132,051.49 at the end of the previous year[7]. - The company's equity attributable to shareholders increased to CNY 5,159,934,091.05 from CNY 5,149,132,051.49, showing a positive trend in retained earnings[32]. Other Financial Metrics - The company reported non-recurring gains of ¥11,884,116.47, primarily from non-current asset disposal gains and government subsidies[8]. - Other income surged by 208.61% to RMB 22,595,506.35, mainly from subsidies received from Qianhong Electronics[15]. - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[54].