凯中精密(002823) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥483,599,378.26, representing a 36.55% increase compared to ¥354,161,703.62 in the same period last year[6]. - Net profit attributable to shareholders decreased by 49.13% to ¥18,684,607.72 from ¥36,730,331.11 year-on-year[6]. - The net profit after deducting non-recurring gains and losses fell by 49.83% to ¥16,573,689.47 compared to ¥33,034,037.01 in the previous year[6]. - Basic and diluted earnings per share decreased by 53.85% to ¥0.06 from ¥0.13 year-on-year[6]. - The company's total operating profit for the first quarter was CNY 10,165,719.02, compared to CNY 21,333,155.81 in the previous year, indicating a decrease of about 52.4%[41]. - The total comprehensive income for Q1 2019 was CNY 13.61 million, a decrease of 61.6% compared to CNY 35.42 million in Q1 2018[38]. Operating Costs and Expenses - Operating costs increased by 49.59% to ¥373,574,902.93 from ¥249,732,974.70, mainly due to preparations for mass production of new products and the inclusion of SMK[14]. - Sales expenses rose by 69.70% to ¥19,904,780.08 from ¥11,729,549.45, attributed to increased costs associated with rapid expansion of new business and SMK consolidation[14]. - Financial expenses surged by 118.05% to ¥18,749,498.67 from ¥8,598,889.51, primarily due to the accrual of convertible bond interest[14]. - Operating costs for the same period were CNY 464.08 million, up 46.4% from CNY 317.02 million year-over-year[35]. Cash Flow and Liquidity - Operating cash flow for the period was ¥29,598,774.79, an increase of 29.51% from ¥22,855,041.04 in the same period last year[6]. - Cash received from sales of goods and services increased by 45.37% to ¥542,838,082.58 from ¥373,419,188.95, driven by higher sales revenue[15]. - The net cash flow from operating activities was CNY 29,598,774.79, an increase from CNY 22,855,041.04 year-over-year, reflecting a growth of approximately 29.6%[45]. - Cash inflow from operating activities totaled CNY 553,533,680.52, up from CNY 381,581,839.07 in the previous year, marking an increase of around 45%[45]. - The cash flow from financing activities generated a net inflow of CNY 71,479,539.72, compared to CNY 49,065,385.34 in the same period last year, representing an increase of approximately 45.8%[46]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,907,069,084.59, a 2.06% increase from ¥2,848,452,692.14 at the end of the previous year[6]. - Total liabilities increased to ¥1,579,513,757.52 from ¥1,530,548,512.86, indicating a rise in financial obligations[28]. - Long-term borrowings rose by 42.18% to ¥522,714,577.40 from ¥367,639,822.34, primarily due to the inclusion of SMK's long-term borrowings in the consolidated financial statements[14]. - The company's total liabilities increased to CNY 1.31 billion, compared to CNY 1.24 billion in the previous year, reflecting a growth of 5.4%[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,314[10]. - The top shareholder, Wu Ying, holds 32.06% of the shares, amounting to 93,389,576 shares, which are pledged[10]. - The company's equity attributable to shareholders rose to ¥1,327,555,327.07 from ¥1,317,904,179.28, indicating a growth in shareholder value[29]. Research and Development - The company plans to continue expanding its new product lines and enhancing technology development, as indicated by a 65.89% increase in development expenditures to ¥8,930,002.50 from ¥3,045,876.54[14]. - Research and development expenses for Q1 2019 were CNY 21.17 million, an increase of 12.4% from CNY 18.78 million in the previous year[35]. Other Financial Metrics - The company reported a decrease in employee compensation payable to ¥43,724,785.17 from ¥58,593,526.04, which may reflect changes in workforce management or cost control measures[28]. - The company received CNY 7,342,335.51 in tax refunds during the quarter, compared to CNY 2,729,773.95 in the same period last year, reflecting a significant increase of approximately 169%[45]. - The company did not undergo an audit for the first quarter report[51]. - The report was signed by the legal representative on April 29, 2019, indicating the completion of the financial reporting process for the quarter[52].