浙江众成(002522) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥279,595,352.07, representing a 23.79% increase compared to ¥225,854,665.25 in the same period last year[8] - The net profit attributable to shareholders was ¥11,801,449.98, a 2.77% increase from ¥11,482,911.01 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,478,262.45, up 27.23% from ¥5,877,782.60 in the previous year[8] - The company's operating revenue increased by 23.79% compared to the same period last year, while operating costs rose by 22.35%, primarily due to increased marketing efforts for POF heat shrink film products[19] - Operating profit and net profit decreased by 75.94% and 123.42% year-on-year, respectively, while minority shareholder profit increased by 258.22%[20] - Net profit for Q1 2019 was CNY -1,800,001.54, a decrease from CNY 7,685,998.30 in Q1 2018[54] - The company reported a basic earnings per share of CNY 0.01, unchanged from the previous year[55] - The company reported a basic and diluted earnings per share of ¥0.03, up from ¥0.02 in the previous period[59] Cash Flow - The net cash flow from operating activities increased by 47.91% to ¥4,496,861.85 from ¥3,040,249.33 in the same period last year[8] - Net cash flow from operating activities increased by 47.91% year-on-year, driven by growth in sales revenue and volume[22] - Cash flow from operating activities generated a net amount of ¥4,496,861.85, compared to ¥3,040,249.33 in the previous period, reflecting a 47.9% increase[62] - Net cash flow from financing activities decreased by 65.4% year-on-year, primarily due to a decline in net borrowings by the subsidiary[22] - The net increase in cash and cash equivalents was negative CNY 180.08 million, compared to a positive increase of CNY 9.54 million in the previous year[67] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,141,300,696.94, a 1.05% increase from ¥3,108,565,671.94 at the end of the previous year[8] - The total current assets increased slightly to ¥1,344.62 million from ¥1,331.41 million, showing a growth of about 1%[41] - The company's total assets as of Q1 2019 were CNY 2,174,017,442.90, compared to CNY 2,119,577,423.42 at the end of the previous year[50] - Total liabilities increased to ¥1,163.16 million from ¥1,128.12 million, marking an increase of approximately 3.1%[44] - Total liabilities increased to CNY 217,203,346.89 from CNY 189,898,053.59 in the previous year[49] Investments and Expenses - Research and development expenses grew by 73.41% year-on-year, mainly due to increased funding for high-end product development by the subsidiary Zhongli Synthetic Materials[19] - Financial expenses increased by 68.3% year-on-year, attributed to higher interest payments from increased borrowings by the subsidiary Zhongli Synthetic Materials[19] - Investment income decreased by 32.2% compared to the previous year, primarily due to a reduction in the purchase of bank wealth management products[19] - Research and development expenses increased to CNY 11,365,383.38, up 73.5% from CNY 6,554,109.11 in the previous year[53] - The company incurred financial expenses of ¥2,684,538.49, a decrease from ¥3,940,027.87 in the previous period, with interest expenses significantly reduced to ¥331,386.01 from ¥8,000.60[57] Inventory and Receivables - Accounts receivable increased by 134.44% compared to the beginning of the year, mainly due to an increase in bank acceptance bill differences received and paid by the subsidiary[17] - Prepayments increased by 37.75% compared to the beginning of the year, driven by increased advance payments for equipment related to the production project of thermoplastic elastomer materials[17] - The company's inventory rose to ¥479.04 million from ¥472.69 million, indicating an increase of approximately 1.1%[41] Shareholder and Equity Information - The total equity attributable to the parent company increased to ¥1,797.03 million from ¥1,785.95 million, reflecting a growth of about 0.6%[44] - The company's retained earnings increased to ¥171.68 million from ¥159.88 million, showing an increase of approximately 7.4%[44] - The company reported no overdue commitments from major shareholders or related parties during the reporting period[33] - There were no violations regarding external guarantees during the reporting period[34] Other Financial Information - The company did not undergo an audit for the first quarter report, indicating that the financial data has not been independently verified[68]