锋龙股份(002931) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥86,178,050.68, representing a 4.35% increase compared to ¥82,582,535.71 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2019 was ¥10,110,328.03, a 1.20% increase from ¥9,989,976.93 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,018,535.96, up 6.89% from ¥8,437,550.31 in the previous year[8]. - The basic earnings per share decreased by 24.08% to ¥0.1138 from ¥0.1499 in the previous year[8]. - The company reported a total profit of CNY 11,326,411.03, a decrease of 6.7% from CNY 12,139,677.13 in the previous year[40]. - The net profit for the first quarter of 2019 was CNY 7,117,003.57, showing an increase from CNY 7,007,111.22 in the same period last year, representing a growth of approximately 1.57%[44]. - Operating profit for the first quarter was CNY 8,163,568.08, compared to CNY 8,424,701.17 in the previous year, indicating a decrease of about 3.09%[44]. - The total comprehensive income for the first quarter was CNY 7,117,003.57, compared to CNY 7,007,111.22 in the same period last year[45]. Cash Flow - The net cash flow from operating activities increased by 20.66% to ¥5,017,825.41, compared to ¥4,158,751.96 in the same period last year[8]. - The company experienced a 51.35% decrease in cash received from operating activities, totaling CNY 8,405,333.18[17]. - Total cash inflow from operating activities was CNY 83,667,730.94, slightly down from CNY 85,662,268.53 in the previous year[48]. - The company reported cash outflow from operating activities totaling CNY 78,649,905.53, compared to CNY 81,503,516.57 in the same period last year[48]. - Investment activities resulted in a net cash outflow of CNY 5,319,614.54, an improvement from a net outflow of CNY 9,749,336.84 in the previous year[49]. - The cash and cash equivalents at the end of the period were CNY 114,540,131.35, down from CNY 287,010,168.23 at the end of the previous year[49]. - The company received CNY 50,000,000.00 from investment recoveries during the quarter[48]. - The net cash flow from financing activities was 247,181,527.00 CNY, after cash outflows of 334,406.26 CNY for debt repayment and 1,805,014.89 CNY for other financing activities[53]. Assets and Liabilities - The total assets at the end of the reporting period were ¥615,911,925.11, a slight increase of 0.27% from ¥614,269,412.65 at the end of the previous year[8]. - Total assets decreased by 45.58% in other receivables due to a reduction in export tax refunds[16]. - Total current assets increased slightly to CNY 456,887,612.08 from CNY 455,210,494.86, reflecting a growth of 0.37%[30]. - Accounts receivable rose to CNY 105,553,401.66, up from CNY 88,477,956.06, marking an increase of 19.3%[29]. - Inventory decreased to CNY 68,185,510.84 from CNY 75,662,336.32, a decline of 9.8%[29]. - Total liabilities decreased to CNY 109,596,211.54 from CNY 118,030,959.69, a reduction of 7.3%[31]. - Owner's equity increased to CNY 506,315,713.57 from CNY 496,238,452.96, reflecting a growth of 2.2%[32]. - The total liabilities decreased slightly to CNY 75,915,153.76 from CNY 76,196,853.14, indicating a reduction of 0.4%[37]. - The total equity increased to CNY 471,268,131.84, up from CNY 464,151,128.27, marking a growth of 1.4%[37]. Research and Development - R&D expenses rose by 100.64% to CNY 4,637,399.75, reflecting increased investment in research and development[16]. - Research and development expenses increased significantly to CNY 4,637,399.75, up 101.4% from CNY 2,311,249.88 in the previous year[38]. Government Subsidies and Investments - The company received government subsidies amounting to ¥908,276.50 during the reporting period[9]. - The company plans to acquire 51% of Dushang Precision Machinery for USD 10.965 million, with profit guarantees for the next three years[18]. - The net profit guarantees for Dushang Precision Machinery are set at CNY 11.1 million, CNY 13.5 million, and CNY 15 million for 2019, 2020, and 2021 respectively[18]. - Cash flow from investment activities included CNY 50 million from the redemption of financial products[17]. Compliance and Standards - The company did not report any non-compliance with external guarantees during the reporting period[23]. - The company executed new financial instrument standards and new leasing standards, impacting the financial statements[54]. - The company has not undergone an audit for the first quarter report[59].