翔鹭钨业(002842) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥424,442,976.70, representing a 25.16% increase compared to ¥339,108,702.42 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2019 was ¥23,829,425.59, up 12.44% from ¥21,193,415.99 in the previous year[7]. - Basic earnings per share increased by 16.67% to ¥0.14 from ¥0.12 in the previous year[7]. - The total comprehensive income attributable to the parent company was ¥23,829,425.59, up from ¥21,193,415.99, marking an increase of approximately 12.3%[36]. - The company's operating profit decreased to ¥23,580,404.38 from ¥25,445,536.46, reflecting a decline of approximately 7.3%[39]. Cash Flow - The net cash flow from operating activities improved to -¥71,663,216.88, a 52.40% reduction in loss compared to -¥150,541,393.41 in the same period last year[7]. - The cash flow from operating activities showed a net outflow of ¥71,663,216.88, an improvement from a net outflow of ¥150,541,393.41 in the previous period[43]. - The company reported a cash inflow from financing activities of ¥444,777,840.62, significantly higher than ¥262,149,090.93 in the previous period, representing an increase of approximately 69.5%[44]. - The total cash outflow from investing activities was ¥66,968,379.11, slightly lower than ¥71,016,779.11 in the previous period, indicating a decrease of about 5.8%[44]. - Net cash flow from operating activities was -$78,712,084.25, improving from -$97,863,530.18 year-over-year[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,970,720,848.39, a decrease of 1.58% from ¥2,002,354,008.81 at the end of the previous year[7]. - Current assets decreased to CNY 937,888,826.71 from CNY 972,994,348.06 at the end of 2018, reflecting a decline of 3.6%[30]. - Total liabilities as of March 31, 2019, were CNY 853,700,374.54, compared to CNY 816,760,251.83 at the end of 2018, indicating a growth of 4.5%[31]. - Cash and cash equivalents decreased by 36.85% to ¥181,782,062.35 compared to ¥287,840,888.96 at the end of 2018, primarily due to the acquisition of minority interests in subsidiaries[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,536[10]. - The top shareholder, Chaozhou Zhongda Investment Co., Ltd., held 19.45% of the shares, amounting to 33,379,500 shares[10]. - The company did not engage in any repurchase transactions during the reporting period[11]. Expenses and Investments - Research and development expenses for Q1 2019 were CNY 12,151,328.78, an increase from CNY 10,942,271.02 in Q1 2018, reflecting a growth of 11.0%[33]. - Tax expenses increased by 61.94% to ¥4,589,644.40 from ¥2,834,082.98, reflecting higher corporate income tax due to increased operating profits[16]. - The company reported no investment income during the period, a decrease of 100% from ¥56,607.72 in the previous period[16]. Inventory and Receivables - Accounts receivable increased by 55.04% to ¥400,248,675.73 from ¥258,163,704.20, attributed to sales growth and accounts not yet due for collection[16]. - Inventory levels decreased to CNY 307,771,838.45 from CNY 386,970,640.16, a reduction of 20.5%[29]. - Prepayments decreased by 58.41% to ¥22,089,349.48 from ¥53,117,890.94, mainly due to the settlement of previously prepaid goods[16]. Other Financial Metrics - The company reported a gross profit margin of approximately 6.5% for Q1 2019, compared to 6.8% in the same period last year[33]. - The company reported a cash outflow of $95,033,371.21 related to other financing activities[48]. - The first quarter report was not audited[49].