丰元股份(002805) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥110,315,071.77, representing a 53.70% increase compared to ¥71,770,660.77 in the same period last year[8]. - Net profit attributable to shareholders was ¥7,536,033.57, up 7.80% from ¥6,990,948.54 year-on-year[8]. - The net profit after deducting non-recurring gains and losses surged by 159.37% to ¥7,336,008.57 from ¥2,828,371.86 in the previous year[8]. - Operating profit increased by 5.52 million yuan, an increase of 141%, primarily due to increased sales of lithium battery cathode materials[16]. - Net profit for Q1 2019 reached CNY 7,536,033.57, representing a 7.8% increase from CNY 6,990,948.54 in Q1 2018[36]. - The company reported a total comprehensive income of CNY 3.48 million for Q1 2019, compared to CNY 5.76 million in the same period last year, marking a decrease of about 39.8%[41]. Cash Flow - The company's cash flow from operating activities was negative at -¥5,574,659.26, a decline of 231.26% compared to ¥4,247,160.96 in the same period last year[8]. - Cash flow from operating activities showed a net outflow of CNY 5.57 million, compared to a net inflow of CNY 4.25 million in the previous year, reflecting a significant change in cash flow dynamics[44]. - Cash flow from operating activities totaled ¥58,223,404.07, compared to ¥71,148,991.99 in the previous year, marking a decline of approximately 18.2%[48]. - The cash flow from financing activities was neutral, with a net cash flow of CNY 0.00, compared to a net outflow of CNY 1.54 million in the previous year[45]. - The net cash flow from investment activities was -¥52,117,680.57, compared to -¥12,378,041.90 in Q1 2018, representing a significant increase in cash outflow[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥788,036,129.15, a slight increase of 0.69% from ¥782,614,890.14 at the end of the previous year[8]. - Total current assets as of March 31, 2019, amounted to 335.41 million yuan, compared to 322.16 million yuan at the end of 2018[25]. - Total liabilities as of March 31, 2019, were 199.98 million yuan, compared to 202.23 million yuan at the end of 2018[27]. - Total assets as of the end of Q1 2019 amounted to CNY 763,301,614.38, an increase from CNY 749,122,415.91 at the end of the previous year[33]. - Total liabilities for Q1 2019 were CNY 179,480,393.09, up from CNY 168,918,687.35 in the same period last year[32]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,648[11]. - The largest shareholder, Zhao Guanghui, holds 43.54% of the shares, amounting to 42,200,000 shares, which are currently pledged[11]. Research and Development - The company reported a 66% increase in R&D expenses, amounting to an increase of ¥340,000 compared to the previous year, due to increased investment in R&D projects[15]. - The company reported a significant increase in research and development expenses, totaling CNY 857,020.32, compared to CNY 515,464.52 in Q1 2018[34]. Financial Expenses and Income - The company’s financial expenses decreased by ¥750,000, or 46%, due to the capitalization of interest expenses on qualifying construction projects[15]. - Investment income decreased by 500,000 yuan, a decline of 78%, primarily due to a reduction in bank wealth management products[16]. - Other income decreased by 200,000 yuan, a drop of 47%, mainly due to a reduction in government subsidies received[16]. - The company incurred income tax expenses of CNY 561,811.19 in Q1 2019, down from CNY 827,818.37 in the previous year, reflecting a decrease of approximately 32.2%[40]. Cash and Cash Equivalents - Cash and cash equivalents increased to CNY 445,703,214.94, compared to CNY 428,587,111.48 in the previous quarter[31]. - The company's cash and cash equivalents at the end of Q1 2019 stood at CNY 15.11 million, a decrease from CNY 12.74 million at the end of the previous year[45]. - The total cash and cash equivalents at the end of Q1 2019 stood at ¥12,577,115.29, a decrease from ¥10,131,931.43 in Q1 2018[49]. Other Financial Metrics - Basic and diluted earnings per share for Q1 2019 were both CNY 0.078, compared to CNY 0.072 in the previous year[37]. - The company's operating profit for Q1 2019 was approximately CNY 4.04 million, a decrease from CNY 6.59 million in the same period last year, representing a decline of about 38.5%[40]. - Sales revenue from goods and services received in cash was CNY 58.81 million, down from CNY 81.16 million in the previous year, indicating a decline of approximately 27.5%[44]. - The company reported a net increase in cash and cash equivalents of -¥49,343,528.57, compared to -¥9,005,403.99 in the previous year, showing a worsening cash position[49]. Audit Status - The company’s financial report for Q1 2019 was not audited[50].