HAERS(SZ:002615)2019-04-22 16:00Financial Performance - The company's revenue for Q1 2019 was ¥394,479,269.17, representing a 0.64% increase compared to ¥391,983,754.75 in the same period last year[9]. - Net profit attributable to shareholders was ¥12,832,637.24, up 7.16% from ¥11,974,906.93 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥14,396,777.59, reflecting a 19.49% increase from ¥12,048,876.80 in the previous year[9]. - Total operating revenue for Q1 2019 was CNY 394,479,269.17, a slight increase of 0.13% compared to CNY 391,983,754.75 in the same period last year[38]. - Net profit for Q1 2019 reached CNY 11,633,790.75, compared to CNY 11,000,765.31 in the previous year, reflecting a growth of 5.75%[39]. - The net profit for the first quarter of 2019 was CNY 28,636,260.05, an increase of 16.4% compared to CNY 24,626,456.70 in the same period last year[43]. - Operating profit for the first quarter reached CNY 32,139,904.05, up from CNY 28,244,108.28, reflecting a growth of 6.3% year-over-year[43]. - The total comprehensive income for the first quarter was CNY 28,636,260.05, compared to CNY 24,626,456.70 in the same period last year, reflecting a growth of 16.4%[44]. Cash Flow - The net cash flow from operating activities was -¥25,854,758.12, a significant decrease of 2,503.50% compared to ¥1,075,712.21 in the same period last year[9]. - The cash flow from operating activities showed a net outflow of CNY 25,854,758.12, compared to a net inflow of CNY 1,075,712.21 in the same quarter last year[47]. - The company's cash outflow for operating activities totaled CNY 433,416,850.37, compared to CNY 402,365,344.06 in the previous year, indicating an increase of 7.7%[47]. - The net cash flow from investing activities decreased by 62.34% compared to the previous year, primarily due to reduced cash payments for fixed asset purchases[17]. - The net cash flow from investing activities was -33,884,095.33 CNY, an improvement from -62,611,533.39 CNY in the previous year[52]. - The net cash flow from financing activities increased by 1,014.99% year-on-year, attributed to an increase in short-term borrowings[17]. - The cash inflow from financing activities of CNY 110,500,000.00, significantly higher than CNY 11,246,800.00 in the previous year, marking an increase of 882.5%[48]. - The net cash flow from financing activities increased to 75,926,893.37 CNY, compared to -1,262,788.71 CNY in the same period last year[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,884,903,712.20, a 5.88% increase from ¥1,780,153,088.41 at the end of the previous year[9]. - The company's current assets totaled CNY 926,032,809.41, up from CNY 824,644,126.29 at the end of 2018, reflecting a growth of approximately 12.3%[30]. - The inventory increased to CNY 461,500,166.47 from CNY 388,051,971.11, representing a rise of about 18.9%[29][30]. - The company's total liabilities reached CNY 1,046,056,708.68, compared to CNY 951,528,097.34 at the end of 2018, marking an increase of about 9.9%[31][32]. - Current liabilities rose to CNY 693,764,907.94, up from CNY 608,687,599.15, representing an increase of 13.98%[36]. - The total assets of the company were reported at 1,780,153,088.41 CNY as of December 31, 2018[56]. - The total liabilities amounted to 951,528,097.34 CNY, indicating a stable financial position[56]. - The company's total equity was recorded at 828,624,991.07 CNY, reflecting a solid capital structure[56]. Shareholder Information - The net assets attributable to shareholders were ¥835,470,272.62, up 1.32% from ¥824,549,413.67 at the end of the previous year[9]. - The total equity attributable to shareholders was CNY 835,470,272.62, an increase from CNY 824,549,413.67, reflecting a growth of about 1.1%[32]. - The company reported no overdue commitments from major shareholders or related parties during the reporting period[22]. - There were no violations regarding external guarantees during the reporting period[22]. Research and Development - Research and development expenses for Q1 2019 were CNY 10,451,897.31, an increase of 18.66% from CNY 8,805,421.94 in the previous year[38]. Financial Reporting and Standards - The company has implemented new financial instrument standards, which are not expected to have a significant impact on financial statements[57]. - The company has adjusted its financial reporting for forward foreign exchange contracts under the new financial instrument standards, moving from fair value measurement to trading financial assets/liabilities, with no impact on retained earnings or other comprehensive income[61]. - The first quarter report for 2019 has not been audited[63].