远东传动(002406) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥467,762,836.66, representing a 27.86% increase compared to ¥365,843,872.26 in the same period last year[8]. - Net profit attributable to shareholders was ¥64,722,167.18, up 42.83% from ¥45,314,130.61 year-on-year[8]. - The net cash flow from operating activities surged by 411.62% to ¥99,477,543.21, compared to ¥19,443,777.36 in the previous year[8]. - Basic earnings per share increased by 50.00% to ¥0.12 from ¥0.08 in the same period last year[8]. - Net profit increased by 42.82% compared to the same period last year, primarily due to an increase in operating revenue during the reporting period[18]. - Operating cash flow net amount increased by 411.62% compared to the same period last year, mainly due to increased customer payments and government subsidies received during the reporting period[18]. - Net profit for Q1 2019 was ¥64,758,458.13, representing a 42.7% increase compared to ¥45,342,504.57 in Q1 2018[37]. - The company's operating revenue for the current period reached ¥478,052,649.55, representing an increase of 21.5% compared to ¥393,552,928.00 in the previous period[40]. - Operating profit for the current period was ¥62,424,653.85, up 58.1% from ¥39,444,217.65 in the previous period[41]. - Net profit for the current period was ¥52,971,648.79, an increase of 59.5% compared to ¥33,235,992.96 in the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,968,891,715.08, a 5.81% increase from ¥2,805,928,653.39 at the end of the previous year[8]. - The company's total assets as of March 31, 2019, amounted to ¥2,861,163,998.88, an increase from ¥2,790,306,557.10 at the end of 2018[34]. - Current assets totaled ¥1,403,812,376.75, showing a slight increase from ¥1,356,627,462.00 at the end of 2018[32]. - Total liabilities increased to ¥508,153,438.37 from ¥462,217,645.38 at the end of 2018[33]. - The company's total equity as of March 31, 2019, was ¥2,353,010,560.51, up from ¥2,328,088,911.72 at the end of 2018[34]. - Total liabilities were reported at $366.38 million, with current liabilities totaling $331.37 million[54]. - Total current assets amounted to $1.60 billion, with inventory valued at $252.77 million[53]. - The equity attributable to shareholders was $2.44 billion, indicating strong retained earnings of $829.55 million[54]. Cash Flow - Cash and cash equivalents increased by 39.25% compared to the beginning of the period, primarily due to the maturity of certain receivables and bank wealth management products, as well as an increase in government subsidies received[18]. - The net cash flow from operating activities was ¥99,477,543.21, significantly higher than ¥19,443,777.36 in the previous period[45]. - The total cash and cash equivalents increased by ¥152,382,936.02, compared to an increase of ¥4,944,906.84 in the previous period[46]. - Investment cash inflow totaled $70.53 million, compared to $45,000 in the previous period, indicating a substantial increase[50]. - Net cash flow from investment activities was $62.26 million, a turnaround from a negative $15.50 million in the prior period[50]. Expenses and Investments - Operating costs for Q1 2019 were ¥402,404,719.98, up 27.2% from ¥316,312,712.70 in the previous year[35]. - R&D expenses increased by 35.35% compared to the same period last year, primarily due to an increase in R&D projects during the reporting period[18]. - Research and development expenses for the current period were ¥16,383,228.53, up 40.5% from ¥11,614,662.75 in the previous period[40]. - Sales expenses increased to ¥15,257,222.90 from ¥11,961,367.75, reflecting a rise of 27.5%[40]. - The company reported a basic earnings per share of ¥0.12 for Q1 2019, up from ¥0.08 in Q1 2018[38]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,313[12]. - Other payables increased by 94.71% compared to the beginning of the period, mainly due to undistributed dividends payable for the year 2018[18]. Regulatory and Accounting Changes - The company has implemented new financial and revenue recognition standards, impacting the financial statements[51]. - The company began implementing new accounting standards related to financial instruments and leases from January 1, 2019[56]. - The company has not undergone an audit for the first quarter report[57].