Der(SZ:002631)2019-04-24 16:00Financial Performance - Revenue for Q1 2019 was CNY 318,500,889.24, an increase of 2.36% compared to CNY 311,170,928.03 in the same period last year[7]. - Net profit attributable to shareholders decreased by 20.24% to CNY 24,235,154.34 from CNY 30,384,068.91 year-on-year[7]. - Net profit after deducting non-recurring gains and losses dropped by 56.40% to CNY 12,923,845.88 compared to CNY 29,642,970.31 in the previous year[7]. - Total operating revenue for Q1 2019 was CNY 318,500,889.24, an increase from CNY 311,170,928.03 in the same period last year, representing a growth of approximately 1.07%[33]. - Total operating costs for Q1 2019 were CNY 315,369,487.85, up from CNY 275,777,876.31, indicating an increase of about 14.36%[33]. - The company's operating profit for Q1 2019 was CNY 21,912,511.76, compared to CNY 42,007,371.69 in Q1 2018, reflecting a decline of approximately 47.8%[35]. - Net profit for Q1 2019 was CNY 17,909,673.19, down from CNY 31,077,446.33 in the same period last year, indicating a decrease of about 42.3%[36]. - Total comprehensive income for Q1 2019 was CNY 17,909,673.19, compared to CNY 31,077,446.33 in the previous year, a decrease of approximately 42.3%[36]. - The total profit for Q1 2019 was CNY 21,825,405.98, down from CNY 42,607,950.76 in Q1 2018, representing a decline of about 48.8%[35]. Cash Flow and Liquidity - Operating cash flow showed a significant decline, with a net outflow of CNY 102,187,297.76, worsening by 89.84% from CNY -53,827,227.62 in the same period last year[7]. - The net cash flow from operating activities was -102,187,297.76 CNY, compared to -53,827,227.62 CNY in the previous period, indicating a decline in operational cash generation[43]. - The company reported a total cash outflow from operating activities of 438,227,161.53 CNY, which is higher than 418,196,410.33 CNY in the previous period[43]. - The cash inflow from sales of goods and services was 118,311,351.55 CNY, down from 164,604,728.61 CNY in the previous period, indicating a decline in revenue generation[47]. - The cash flow from financing activities resulted in a net increase of 4,606,606.12 CNY, slightly up from 4,300,000.00 CNY in the previous period[44]. - The total cash and cash equivalents at the end of the period were 266,790,391.84 CNY, compared to 188,475,873.39 CNY in the previous period, indicating an increase in liquidity[48]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,501,096,679.03, down 2.75% from CNY 2,571,712,118.63 at the end of the previous year[7]. - The company's total liabilities and equity amounted to CNY 2,470,781,783.95, down from CNY 2,510,452,648.41, indicating a decrease of about 1.58%[32]. - Total liabilities decreased to CNY 707,268,878.79 in Q1 2019 from CNY 763,993,992.81 in the previous year, showing a reduction of about 7.41%[32]. - The total equity attributable to shareholders increased to CNY 1,763,512,905.16 in Q1 2019 from CNY 1,746,458,655.60, marking a growth of approximately 0.98%[32]. - The company's total assets as of March 31, 2019, were CNY 2,470,781,783.95, a decrease from CNY 2,510,452,648.41 at the end of 2018[32]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,554[10]. - The largest shareholder, Del Group Co., Ltd., held 53.43% of the shares, amounting to 356,831,040 shares, with 156,978,947 shares pledged[10]. - The company issued 6.3 million convertible bonds, raising a net amount of 621 million RMB after deducting underwriting fees of 9 million RMB[16]. Expenses and Investments - "Management expenses" increased by 32.51% year-on-year, attributed to rising labor costs and an expanded consolidation scope[16]. - "R&D expenses" surged by 68.81% year-on-year, reflecting increased investment in research and development[16]. - Research and development expenses rose to CNY 5,707,424.20 in Q1 2019, compared to CNY 3,380,976.37 in Q1 2018, reflecting a growth of approximately 68.56%[33]. - The company paid 76,336,964.80 CNY in employee compensation, which increased from 56,368,255.88 CNY in the previous period, reflecting higher labor costs[43]. - Cash paid for the acquisition of fixed assets increased by 110.09%, primarily due to construction payments for Suzhou Patterson New Materials Co., Ltd.[15]. - "Financial expenses" decreased by 59.59% year-on-year, mainly due to increased interest income[16]. - "Other income" increased by approximately 15.9 million RMB year-on-year, primarily due to new industrial support funds received during the reporting period[16]. - The company received 15.4 million RMB in industrial support funds from the Ningbo Meishan Bonded Port Area Finance Bureau[17]. - "Cash received from other operating activities" increased by 253.35% year-on-year, mainly due to the receipt of industrial support funds[16]. - The cash outflow for purchasing goods and services was 247,988,356.39 CNY, compared to 265,597,833.26 CNY in the previous period, showing a decrease in operational expenditures[43]. - The company recorded an asset disposal gain of CNY 650.00 in Q1 2019, indicating ongoing asset management strategies[35].