双星新材(002585) - 2019 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2019 reached ¥973,172,710.06, an increase of 29.64% compared to ¥750,688,983.07 in the same period last year[8] - Net profit attributable to shareholders was ¥43,761,554.48, a decrease of 32.59% from ¥64,919,888.18 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥41,431,726.12, down 35.62% from ¥64,353,308.47 in the previous year[8] - Total profit decreased by 54.04% year-on-year, primarily due to increased depreciation from new project production[21] - The total profit for the current period was ¥48,273,984.17, a decrease of 35.1% from ¥74,363,086.03 in the previous period[58] - The operating profit for the current period was ¥45,533,009.63, down 38.2% from ¥73,696,521.67 in the previous period[58] Cash Flow - Operating cash flow for the period was ¥6,950,043.00, a significant improvement from a negative cash flow of ¥41,674,373.03 in the same period last year, representing a change of 116.68%[8] - Net cash flow from operating activities increased by 116.68% year-on-year, driven by higher cash receipts from sales[21] - Cash flow from operating activities was ¥1,077,368,345.29, an increase from ¥819,259,599.96 in the previous period[62] - Operating cash inflows totaled ¥1,113,182,583.29, an increase from ¥859,476,520.64 in the previous period, reflecting a growth of approximately 29.5%[65] - Operating cash outflows amounted to ¥1,106,232,540.29, compared to ¥901,150,893.67 in the prior period, indicating an increase of about 22.8%[65] - The net cash flow from operating activities was ¥6,950,043.00, a significant recovery from a negative cash flow of ¥41,674,373.03 in the previous period[65] - Investment cash outflows were ¥193,567,337.36, a decrease from ¥338,000,130.92 in the prior period, showing a reduction of approximately 42.7%[68] - The net cash flow from investment activities was -¥193,567,337.36, compared to a positive cash flow of ¥102,239,998.40 in the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,259,549,919.41, a slight decrease of 0.46% from ¥9,302,667,610.56 at the end of the previous year[8] - Total liabilities were approximately 1.51 billion yuan, down from 1.60 billion yuan in the previous period[38] - The total assets of the company as of March 31, 2019, were ¥9,209,702,235.30, a decrease from ¥9,263,489,045.39 at the end of 2018[51] - The company's total liabilities decreased to ¥1,489,936,882.44 from ¥1,588,671,432.21, indicating a reduction of 6.2%[51] - Total current assets amounted to CNY 4,927,436,891.93[81] - Total liabilities reached CNY 1,588,671,432.21, with current liabilities at CNY 790,388,465.06[81] - The company’s total non-current assets were CNY 4,336,052,153.46[81] Shareholder Information - The company reported a total of 46,279 common shareholders at the end of the reporting period[12] - The largest shareholder, Wu Peifu, holds 27.32% of the shares, with a total of 315,946,969 shares, of which 236,960,227 are pledged[12] - Net assets attributable to shareholders increased by 0.61% to ¥7,748,266,233.72 from ¥7,701,212,493.24 at the end of the previous year[8] - The total equity attributable to shareholders increased to ¥7,719,765,352.86 from ¥7,674,817,613.18, reflecting a growth of 0.6%[51] Expenses and Subsidies - Total operating costs amounted to ¥927,639,700.43, up 37.0% from ¥676,992,461.40 in the previous year[52] - The company incurred sales expenses of ¥17,330,086.84, slightly down from ¥17,791,156.21 in the previous period[59] - The company’s management expenses increased to ¥46,932,298.24 from ¥35,415,617.85 in the previous period, reflecting a rise of 32.5%[59] - The company reported a tax expense of ¥4,512,429.69, significantly lower than ¥9,443,197.85 in the previous period[58] - The company received tax refunds of ¥33,311,528.53, up from ¥14,212,968.39 in the previous period, marking an increase of approximately 134%[65] - Government subsidies recognized in the current period amounted to ¥2,773,624.54[8] - The company reported other income of ¥2,773,624.54, compared to ¥782,100.00 in the previous period, indicating a significant increase[58] Inventory and Prepayments - Cash and cash equivalents decreased by 30.23% compared to the beginning of the period, primarily due to capital expenditures for project construction[21] - Prepayments increased by 39.02% compared to the beginning of the period, attributed to increased sales leading to higher advance payments for raw materials[21] - The company reported a significant increase in prepayments, which rose to ¥939,027,096.05 from ¥672,847,386.75, an increase of 39.6%[42] - Inventory levels decreased to ¥1,186,812,044.81 from ¥1,364,383,351.67, a reduction of 13.0%[42] Other Information - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[22] - The company has maintained a stable long-term investment in equity at ¥115,100,955.61, unchanged from the previous year[45] - The company has not audited the first quarter report[84]