金正大(002470) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥4,389,379,138.74, a decrease of 36.14% compared to ¥6,873,888,008.08 in the same period last year[7]. - The net profit attributable to shareholders was ¥274,153,787.94, down 48.27% from ¥530,010,175.83 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥262,045,430.36, reflecting a decline of 49.19% compared to ¥515,688,254.37 in the previous year[7]. - Basic earnings per share decreased by 52.94% to ¥0.08 from ¥0.17 year-on-year[7]. - The company's net profit for Q1 2019 was not explicitly stated, but the decrease in revenue and costs suggests a significant impact on profitability[36]. - The net profit for Q1 2019 was CNY 261,613,503.63, down 57% from CNY 614,029,531.13 in Q1 2018[38]. - The total comprehensive income for Q1 2019 was CNY 245,080,993.43, a decline from CNY 606,899,877.68 in Q1 2018[39]. - The company reported a total profit of CNY 320,708,236.43 for Q1 2019, down from CNY 710,963,115.18 in Q1 2018[38]. - The operating profit for Q1 2019 was CNY 317,537,318.69, compared to CNY 710,262,620.75 in the previous year, reflecting a significant decrease[38]. Cash Flow - The net cash flow from operating activities was -¥1,385,871,960.12, worsening by 99.58% from -¥694,383,255.69 in the same period last year[7]. - Net cash flow from operating activities decreased by RMB 691,488,704.43, primarily due to a significant decline in cash paid for goods and services[19]. - The cash flow from operating activities was CNY 4,150,074,563.50 in Q1 2019, compared to CNY 6,740,474,494.36 in the previous year, indicating a decline in cash inflow[45]. - Total cash inflow from operating activities was 2,649,883,446.22 yuan, down from 5,198,002,293.50 yuan year-over-year, reflecting a decrease of approximately 48.9%[50]. - The net cash flow from operating activities was -1,065,481,401.30 yuan, compared to -461,862,895.89 yuan in the previous period, indicating a decline in operational performance[50]. - Cash outflow for purchasing goods and services was 3,034,947,849.01 yuan, compared to 5,267,222,510.63 yuan in the previous period, a reduction of about 42.3%[50]. - The net cash flow from financing activities increased by RMB 136,648,115.14, mainly due to an increase in cash received from borrowings[19]. - Cash inflow from financing activities totaled 701,987,950.00 yuan, an increase from 377,722,579.80 yuan year-over-year, representing an increase of approximately 85.5%[51]. - The net cash flow from financing activities was 395,926,768.55 yuan, compared to 370,702,983.90 yuan in the previous period, showing a slight increase[51]. Assets and Liabilities - Total assets at the end of the reporting period increased by 18.51% to ¥26,795,223,244.65 from ¥22,609,574,967.94 at the end of the previous year[7]. - Total assets as of March 31, 2019, reached CNY 23,532,265,465.68, an increase from CNY 19,891,146,954.19 at the end of 2018, representing a growth of 18.3%[35]. - Total liabilities increased to CNY 14,701,130,223.71 from CNY 11,277,705,433.58, marking a rise of 30.5%[34]. - The total liabilities to equity ratio increased, indicating a higher leverage position for the company compared to the previous year[34]. - Total liabilities reached CNY 10,110,040,701.94, with current liabilities at CNY 8,927,758,600.01[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,284[10]. - The largest shareholder, Linyi Jinzhen Investment Holding Co., Ltd., held 37.28% of the shares, amounting to 1,226,880,000 shares[10]. - The net assets attributable to shareholders rose by 2.47% to ¥10,714,019,837.68 from ¥10,455,313,552.26 at the end of the previous year[7]. - Shareholders' equity totaled CNY 12,499,534,266.00, with equity attributable to the parent company at CNY 10,455,313,552.26[55]. Operational Changes - Accounts receivable increased by 177.18% to RMB 1,675,923,710.85, primarily due to the seasonal business operations of the subsidiary COMPO GmbH[14]. - Prepayments rose by 63.17% to RMB 8,529,885,292.87, attributed to increased advance payments for raw materials[14]. - Construction in progress increased by 35.81% to RMB 766,864,792.12, driven by the expansion of the subsidiary Jinzhengda Nuotai Chemical Co., Ltd.[14]. - Short-term borrowings increased by 34.07% to RMB 2,999,088,486.63, reflecting the company's need to supplement working capital[14]. - Sales expenses increased by 36.07% to RMB 507,457,316.03, due to higher sales costs from subsidiaries Jin Feng Gong She and newly added subsidiary Qin Tu Yi Hao[16]. - R&D expenses surged by 65.60% to RMB 103,675,406.12, reflecting increased investment in research and development activities[16]. - Financial expenses increased by 215.31% to RMB 12,884,488.03, primarily due to higher interest expenses from increased borrowings[16]. - Other income skyrocketed by 4918.34% to RMB 19,892,704.93, resulting from increased government subsidies related to operating activities[16]. Audit and Compliance - The company has not undergone an audit for the first quarter report[58]. - The report indicates that the company is applying new financial instrument and lease standards[58]. - The chairman of the company is Wan Lianbu[59].