Enpack(SZ:002846)2019-04-28 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥277,801,158.33, representing a 75.25% increase compared to ¥158,516,049.28 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2019 was ¥21,990,225.54, a significant increase of 187.86% from ¥7,639,088.55 in the previous year[7]. - The net profit after deducting non-recurring gains and losses reached ¥21,460,591.84, marking a 394.97% increase from ¥4,335,753.45 year-on-year[7]. - The company's operating profit for Q1 2019 was ¥29,087,230.23, a 209.70% increase from ¥9,392,067.67 in the previous year[15]. - The total profit for Q1 2019 was ¥29,115,459.12, representing a 208.78% increase from ¥9,429,336.03 in the same quarter last year[15]. - Net profit for Q1 2019 was CNY 24,837,478.43, representing a year-on-year growth of 196.5% from CNY 8,377,360.13[46]. - The net profit for the first quarter of 2019 was CNY 13,549,644.47, a significant increase from CNY 4,712,950.05 in the same period last year, representing a growth of approximately 187.5%[50]. - Operating profit reached CNY 15,312,701.86, compared to CNY 5,422,295.27 in the previous year, indicating an increase of about 182.5%[50]. - Basic earnings per share for Q1 2019 were CNY 0.1144, compared to CNY 0.0398 in the same period last year, indicating a growth of 187.2%[46]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥34,553,614.23, up 70.40% from ¥20,277,458.41 in the same quarter last year[7]. - The company reported a significant increase in cash and cash equivalents, with a year-end balance of ¥97,457,351.86, up 72.75% from ¥56,414,664.81 at the beginning of the year[15]. - The net cash flow from operating activities for Q1 2019 was CNY 25,058,655.85, a significant increase from CNY 546,944.98 in Q1 2018, representing a growth of approximately 4,487%[58]. - Cash flow from operating activities generated a net amount of CNY 34,553,614.23, up from CNY 20,277,458.41 year-over-year, reflecting a growth of approximately 70.5%[54]. - The cash flow from investing activities resulted in a net outflow of CNY 17,234,826.02, compared to a net inflow of CNY 2,533,555.51 in the previous year[55]. - The net cash flow from financing activities was CNY 19,109,588.80, down from CNY 36,131,113.18 in Q1 2018, reflecting a decline of approximately 47%[59]. - The company experienced a net increase in cash and cash equivalents of CNY 26,474,773.35 in Q1 2019, compared to CNY 49,712,529.22 in Q1 2018, a decline of about 47%[59]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,199,694,555.07, reflecting a 6.88% increase from ¥1,122,507,170.45 at the end of the previous year[7]. - Current assets totaled CNY 560,504,677.57, up from CNY 486,122,184.01, indicating an increase of about 15.3%[36]. - Total liabilities reached CNY 555,192,438.37, compared to CNY 512,608,420.18, showing an increase of about 8.3%[38]. - The company's total liabilities increased to CNY 300,916,641.41, up from CNY 251,470,924.19, marking a rise of 19.6%[43]. - The company's equity increased to CNY 644,502,116.70 from CNY 609,898,750.27, reflecting a growth of about 5.7%[38]. - Long-term borrowings increased to CNY 21,240,000.00 from CNY 13,440,000.00, representing a growth of about 58.5%[37]. - The total amount of contract liabilities was CNY 4,010,342.52, compared to CNY 3,252,196.17 in the previous year, showing an increase of 23.4%[42]. Research and Development - Research and development expenses for Q1 2019 were ¥7,256,039.94, which is a 104.40% increase compared to ¥3,549,977.52 in the same period last year[15]. - Research and development expenses for Q1 2019 amounted to CNY 7,256,039.94, which is an increase of 104.0% from CNY 3,549,977.52 in the same quarter last year[44]. Corporate Actions and Plans - The company has established a new subsidiary, Yinglian Metal Technology (Yangzhou) Co., Ltd., completing the business registration procedures on April 4, 2019[21]. - The company plans to invest in the beverage easy-open cap project to expand production lines and enhance market competitiveness[20]. - The company approved the repurchase and cancellation of 108,800 shares of unvested restricted stock due to the departure of five incentive targets[23]. - The company intends to provide a joint liability guarantee for its wholly-owned subsidiary Shantou Yinglian, with a total guarantee amount not exceeding RMB 350 million[24]. Regulatory and Compliance - The company received feedback from the China Securities Regulatory Commission regarding its administrative licensing project on February 1, 2019, and has addressed the issues raised[26]. - The management expenses for the consolidated profit and loss statement were adjusted from RMB 12,656,180.03 to RMB 9,106,202.51 after a retrospective adjustment due to policy changes[19]. - The first quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[66].