Haixin Foods (SZ:002702)2019-04-24 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥313,836,963.02, representing a 19.18% increase compared to ¥263,337,692.44 in the same period last year[7]. - Net profit attributable to shareholders was ¥13,082,796.02, up 6.20% from ¥12,318,479.70 year-on-year[7]. - Basic earnings per share increased to ¥0.0272, a rise of 6.25% from ¥0.0256 in the same period last year[7]. - Total operating revenue for Q1 2019 was CNY 313,836,963.02, an increase of 19.2% compared to CNY 263,337,692.44 in Q1 2018[33]. - Net profit for Q1 2019 reached CNY 13,082,796.02, representing a 6.2% increase from CNY 12,318,479.70 in Q1 2018[35]. - The total comprehensive income for the period was ¥1,829,912.78, compared to ¥6,601,884.86 in the previous year, indicating a decline of approximately 72.2%[40]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 70.65%, amounting to ¥25,575,175.85 compared to ¥87,126,520.42 in the previous year[7]. - Operating cash flow decreased by 70.65% to ¥25,575,175.85 mainly due to increased cash payments for goods and services[14]. - The cash flow from operating activities generated a net amount of ¥25,575,175.85, a significant decrease of 70.7% compared to ¥87,126,520.42 in the previous period[43]. - The cash outflow from investing activities was ¥204,698,091.01, down from ¥245,736,828.77 in the previous period, indicating a reduction of 16.7%[44]. - The company experienced a foreign exchange impact on cash and cash equivalents of -¥98,597.80 during the period[44]. - Net cash flow from operating activities decreased to CNY 20,151,025.50, down 70.8% from CNY 69,122,834.00 in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,093,023,994.24, down 5.27% from ¥1,153,778,616.71 at the end of the previous year[7]. - The company's total assets as of March 31, 2019, were CNY 1,073,892,888.80, down from CNY 1,111,802,354.54 at the end of 2018[32]. - The company's total liabilities amounted to CNY 301,514,960.98, down from CNY 341,254,339.50 at the end of 2018, indicating a reduction of 11.6%[31]. - Total liabilities were CNY 349,479,835.80, consistent with the previous period[51]. - The company's total current assets were CNY 736,873,033.36, unchanged from the previous period[51]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,086[10]. - The largest shareholder, Teng Yongxiong, holds 18.67% of the shares, with 67,320,000 shares pledged[10]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11]. Research and Development - Research and development expenses increased by 44.14% to ¥4,899,399.98 reflecting higher R&D investments[14]. - The company reported R&D expenses of CNY 4,899,399.98, which increased by 44.1% compared to CNY 3,399,078.88 in Q1 2018[33]. Other Financial Metrics - Non-recurring gains and losses totaled ¥1,736,975.44, after accounting for tax effects[8]. - Other income surged by 332.31% to ¥1,947,825.42 due to increased government subsidies[14]. - Investment income dropped by 74.36% to ¥609,857.33 primarily due to losses from the associate company Shanghai Qiangcheng[14]. - Deferred income tax liabilities increased by 59.28% to ¥343,307.50 due to higher investment income[14]. - Other receivables rose by 67.34% to ¥6,604,970.40 primarily due to unreceived tickets from dealer meetings[14]. - Prepayments increased by 111.55% to ¥15,112,305.14 due to increased prepayments for refrigeration system renovations[14].