贝因美(002570) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥632,860,282.09, representing a 16.37% increase compared to ¥543,842,732.76 in the same period last year[7]. - Net profit attributable to shareholders was ¥8,918,654.34, up 12.67% from ¥7,915,471.81 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥3,044,941.02, a significant turnaround from a loss of ¥74,264,070.44 in the previous year, marking a 104.10% increase[7]. - The company reported a net loss of CNY 130,929,474.29 for Q1 2019, compared to a net profit of CNY 172,885,029.01 in Q1 2018[35]. - The total profit before tax was CNY 9,397,401.59, compared to CNY 7,693,076.35 last year, indicating a growth of approximately 22.1%[38]. Cash Flow - The net cash flow from operating activities was negative at -¥53,412,578.07, worsening by 399.24% compared to -¥10,698,705.35 in the same period last year[7]. - Cash inflow from operating activities increased by 32.65% compared to the same period last year, an increase of 200.44 million yuan, mainly due to increased sales collections and recovery of operating deposits[15]. - Cash outflow from operating activities increased by 38.93% compared to the same period last year, an increase of 243.15 million yuan, primarily due to increased procurement payments and operating deposits[16]. - Total cash inflow from operating activities was 814,362,322.66 CNY, while cash outflow was 867,774,900.73 CNY, resulting in a net cash outflow of 53,412,578.07 CNY[46]. - The cash inflow from sales of goods and services was 504,584,489.23 CNY, showing a decrease from 532,137,840.00 CNY in the previous period[49]. Assets and Liabilities - The company's total assets decreased by 7.57% to ¥4,663,475,114.92 from ¥5,045,486,986.22 at the end of the previous year[7]. - Total current assets as of March 31, 2019, amounted to 2,563.20 million yuan, an increase from 2,513.47 million yuan as of December 31, 2018[27]. - Total liabilities decreased to CNY 2,807,092,001.34 from CNY 3,197,992,098.96, a reduction of 12.2%[30]. - The company's total equity increased slightly to CNY 1,856,383,113.58 from CNY 1,847,494,887.26, showing a growth of 0.5%[30]. - Current liabilities reached CNY 2,606,038,611.09, including short-term borrowings of CNY 1,148,000,000.00[54]. Investments and Expenses - Long-term equity investments decreased by 92.36%, down ¥559,069,800, mainly due to the completion of equity transfer for the Darun factory[14]. - Financial expenses decreased by 115.38%, down ¥44,883,100, primarily due to increased exchange gains compared to the same period last year[14]. - Other income decreased by 83.63% compared to the same period last year, a reduction of 35.67 million yuan, mainly due to a decrease in government subsidies received[15]. - Investment income decreased by 1951.21% compared to the same period last year, a reduction of 15.54 million yuan, primarily due to a decrease in returns from fund investments[15]. - The company reported a significant increase in sales expenses, which rose to CNY 122,323,226.65 from CNY 90,339,801.59[41]. Future Outlook - The company plans to focus on new product development and market expansion strategies to improve future performance[36]. - The first quarter report was not audited, indicating preliminary financial data[59]. - The company has implemented new financial accounting standards effective from January 1, 2019, affecting the classification of financial instruments[56].