金龙羽(002882) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,161,165,840.62, representing a 107.68% increase compared to ¥559,120,719.21 in the same period last year[9]. - Net profit attributable to shareholders was ¥99,800,765.34, a 123.71% increase from ¥44,610,894.38 in the previous year[9]. - Basic earnings per share increased to ¥0.2348, up 123.62% from ¥0.1050 in the same period last year[9]. - The weighted average return on equity rose to 6.06%, an increase of 2.90% compared to 3.16% in the previous year[9]. - The company reported a total comprehensive income of ¥55.35 million for the quarter, compared to ¥33.53 million in the same period last year, marking a growth of about 65.0%[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,228,751,189.60, a decrease of 3.05% from ¥2,298,788,727.98 at the end of the previous year[9]. - Total current assets decreased to CNY 1,877,745,640.72 from CNY 1,959,960,091.94, a decline of approximately 4.2%[36]. - Total liabilities decreased to CNY 528,296,816.98 from CNY 702,051,846.16, a decline of about 24.7%[38]. - The total liabilities decreased to ¥640,730,002.68 from ¥837,823,846.79, indicating a reduction of approximately 23.5%[47]. - The company's total equity stood at 1,596,736,881.82 CNY, reflecting stability in shareholder value[73]. Cash Flow - The net cash flow from operating activities was negative at -¥124,926,606.17, worsening by 51.12% compared to -¥82,668,739.69 in the same period last year[9]. - The cash flow from operating activities showed a net outflow of approximately ¥124.93 million, compared to a net outflow of ¥82.67 million in the previous year[63]. - Total cash inflow from operating activities was 799,207,045.13 CNY, while cash outflow was 1,043,877,667.51 CNY, resulting in a net cash outflow of 244,670,622.38 CNY[66]. - The cash outflow for operating activities was approximately ¥959.68 million, compared to ¥744.30 million in the previous year, indicating an increase of about 29.0%[62]. Inventory and Receivables - Accounts receivable increased by ¥550,174,958.45, a 93.21% rise, attributed to a significant increase in sales during the reporting period[23]. - Inventory decreased by ¥239,310,802.18, a 37.02% decline, due to rapid consumption of inventory and customer orders[23]. - Accounts receivable increased significantly to CNY 1,251,754,011.61 from CNY 765,501,233.76, representing a growth of about 63.5%[34]. - Inventory decreased to CNY 407,154,711.98 from CNY 646,465,514.16, a reduction of approximately 37%[34]. Expenses - Operating costs rose to ¥971,171,376.93, reflecting a 107.25% increase due to the substantial growth in operating revenue[25]. - The company’s sales expenses increased by 99.79% to ¥26,604,034.73, driven by higher advertising, sales service costs, and employee compensation[25]. - The company’s tax expenses rose by 139.29% to ¥33,173,578.68, reflecting a significant increase in taxable income due to higher sales[25]. - Research and development expenses were reported at ¥916,917.69, slightly up from ¥894,850.33, showing continued investment in innovation[48]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,203, with the largest shareholder holding 56.83% of the shares[13]. - The company did not engage in any repurchase transactions during the reporting period[18]. Accounting Policies - The company has implemented new accounting policies effective January 1, 2019, which may impact future financial reporting[73]. - The company adopted new accounting policies effective January 1, 2019, without retrospective adjustments[78].