隆基机械(002363) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥469,798,393.40, representing a 2.07% increase compared to ¥460,265,467.15 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2019 was ¥20,933,229.41, up 4.49% from ¥20,033,739.43 in the previous year[9]. - The basic earnings per share remained unchanged at ¥0.05, consistent with the same period last year[9]. - The company's net profit for Q1 2019 was not explicitly stated, but the increase in retained earnings was CNY 442,068,761.97 compared to CNY 419,333,100.73 from the previous period, reflecting a growth of approximately 5.43%[37]. - The total profit for the first quarter was CNY 24,349,104.09, up from CNY 22,745,209.46, reflecting a growth of approximately 7.0% year-over-year[40]. - The company's operating profit was CNY 24,284,745.71, compared to CNY 22,718,415.06 in the previous year, marking an increase of around 6.9%[40]. - The comprehensive income totalled CNY 20,319,594.01, compared to CNY 19,602,509.60 in the same quarter last year, showing an increase of about 3.6%[40]. - The total profit margin improved, with the profit margin for the first quarter of 2019 at approximately 5.0%, compared to 4.3% in the same period last year[40]. Cash Flow - The net cash flow from operating activities decreased by 36.06%, amounting to ¥66,314,238.04 compared to ¥103,714,238.47 in the same period last year[9]. - Total cash inflow from operating activities was ¥546,837,576.35, up 25.4% from ¥435,996,357.23 in the previous year[46]. - Cash outflow for purchasing goods and services increased to ¥396,916,246.02, compared to ¥239,357,561.10 in the same period last year, reflecting a 65.9% increase[46]. - The net cash flow from investment activities was -¥100,490,463.35, an improvement from -¥216,300,812.69 in Q1 2018[47]. - The company reported a net cash flow from financing activities of -¥635,521.81, compared to a positive cash flow of ¥3,954,828.08 in Q1 2018[50]. - The ending balance of cash and cash equivalents was ¥513,772,943.60, down from ¥554,942,060.01 at the end of Q1 2018[47]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,462,676,184.34, a 0.51% increase from ¥3,444,996,305.72 at the end of the previous year[9]. - The total liabilities decreased to CNY 1,030,687,419.92 from CNY 1,062,951,092.82, showing a reduction of about 3.01%[36]. - Total current assets as of March 31, 2019, amounted to CNY 2,179,559,640.88, compared to CNY 2,134,883,311.65 as of December 31, 2018[30]. - Total liabilities for accounts payable and notes payable were CNY 980,065,744.25 as of March 31, 2019, compared to CNY 990,248,255.90 as of December 31, 2018[30]. - The company's cash and cash equivalents decreased to CNY 648,637,406.56 from CNY 711,704,209.33, a decline of approximately 8.84%[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,405[13]. - The largest shareholder, Longi Group Co., Ltd., holds 42.24% of the shares, amounting to 175,771,440 shares[13]. - The net assets attributable to shareholders increased by 0.91%, reaching ¥2,325,972,548.20 compared to ¥2,305,039,318.79 at the end of the previous year[9]. - The total equity attributable to shareholders increased to CNY 2,325,972,548.20 from CNY 2,305,039,318.79, reflecting a growth of approximately 0.90%[32]. Research and Development - Research and development expenses for Q1 2019 were CNY 3,338,479.21, up from CNY 2,659,651.09, indicating a growth of about 25.45%[38]. - Research and development expenses increased to CNY 3,128,612.39 from CNY 2,437,106.73, representing a growth of approximately 28.4% year-over-year[42]. Other Financial Metrics - The weighted average return on net assets was 0.90%, slightly up from 0.89% in the previous year[9]. - The company reported non-recurring gains and losses totaling ¥1,679,551.22 for the reporting period[10]. - Accounts receivable decreased by 42.53% from December 31, 2018, primarily due to the use of notes receivable for payment[17]. - Other receivables increased by 119.62% from December 31, 2018, mainly due to an increase in employee medical funds receivable[17]. - Other current assets rose by 34.28% from December 31, 2018, attributed to an increase in purchased bank wealth management products[17]. - Deferred income increased by 35.26% from December 31, 2018, due to an increase in government subsidies received[17]. - Deferred income tax liabilities increased by 51.25% from December 31, 2018, mainly due to one-time deductions for fixed assets[17]. - The company reported a decrease in financial expenses to CNY 7,639,046.69 from CNY 8,957,279.26, reflecting a reduction of about 14.7%[42].