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日科化学(300214) - 2019 Q1 - 季度财报
RIKE CHEMRIKE CHEM(SZ:300214)2019-05-19 16:00

Financial Performance - Total revenue for Q1 2019 reached ¥506,686,887.12, representing a 164.96% increase compared to ¥191,229,176.43 in the same period last year[9] - Net profit attributable to shareholders decreased by 24.68% to ¥26,343,648.73 from ¥34,975,050.97 year-on-year[9] - Net profit excluding non-recurring gains and losses surged by 403.30% to ¥25,771,046.49, compared to a loss of ¥8,496,988.02 in the previous year[9] - The company achieved operating revenue of CNY 506,686,887.12 in Q1 2019, a year-on-year increase of 164.96% due to the previous year's production halt caused by an accident[25] - The net profit attributable to shareholders decreased by 24.68% to CNY 26,343,648.73, while the net profit excluding non-recurring gains and losses increased by 403.30% to CNY 25,771,046.49[25] - Total operating revenue for Q1 2019 reached CNY 506.69 million, a significant increase from CNY 191.23 million in the same period last year, representing a growth of 164.5%[63] - Net profit for Q1 2019 was CNY 26.34 million, down from CNY 34.98 million in Q1 2018, reflecting a decrease of 24.6%[65] Cash Flow and Liquidity - Operating cash flow turned negative with a net outflow of ¥45,001,373.36, a decline of 138.01% from a positive cash flow of ¥118,386,096.15 in the same period last year[9] - The company reported a net cash outflow from operating activities of CNY -45,001,373.36, a decrease of 138.01% compared to the previous year[24] - The cash flow from operating activities showed a net outflow of ¥45,001,373.36, a decrease from a net inflow of ¥118,386,096.15 in the previous period[73] - The total cash and cash equivalents at the end of the period were ¥212,125,572.92, down from ¥409,037,176.15 at the end of the previous period[73] - The net cash flow from operating activities for the first quarter was CNY 1,006,771.23, compared to CNY 169,381,342.61 in the previous period[76] - The net increase in cash and cash equivalents was -CNY 3,137,219.05, with a closing balance of CNY 186,687,657.23[76] Assets and Liabilities - Total assets increased by 5.65% to ¥1,918,439,706.53 from ¥1,815,886,977.66 at the end of the previous year[9] - The company's current assets totaled CNY 1,206,719,119.95, up from CNY 1,092,509,993.40 at the end of 2018, reflecting a growth of approximately 10.4%[55] - Accounts receivable increased to CNY 697,342,045.58 from CNY 643,786,595.67, representing a rise of approximately 8.3%[55] - Total liabilities increased to CNY 270,430,242.95 from CNY 194,221,162.82, indicating a growth of about 39.2%[57] - The company's equity remained stable with total equity at CNY 1,647,999,463.58 as of March 31, 2019[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,864[12] - The largest shareholder, Zhao Dongri, holds 20.00% of the shares, totaling 85,162,523 shares[12] - The company’s major shareholder changed to Jinhu Investment, holding 21.88% of the total shares after the transfer agreement was completed[39] - As of March 31, 2019, the company has repurchased 1,311,100 shares, accounting for approximately 0.31% of the total share capital, with a total payment of RMB 6,313,792[42] - The company plans to repurchase shares with a total amount not exceeding RMB 1.5 billion and not less than RMB 30 million, with a maximum price of RMB 5 per share[42] Operational Risks and Management - The company is facing risks related to increasing accounts receivable, which may affect liquidity and operational efficiency[37] - The company is implementing measures to improve accounts receivable collection, including careful customer selection and linking collection performance to employee evaluations[37] - The company has identified risks in investment projects due to market demand changes and policy adjustments, and is optimizing project management to maximize returns[34] - The company was placed on the safety production dishonesty blacklist due to a safety accident on December 19, 2017, which may affect project applications and government funding for one year[38] - The company’s asset-liability ratio is low, and it expects no significant impact on its operations from being on the blacklist[40] Research and Development - Research and development expenses for the current period were ¥1,835,367.67, slightly up from ¥1,689,875.47 in the previous period[67] Supplier and Customer Concentration - The company’s top five suppliers accounted for 68.83% of total purchases in Q1 2019, up from 74.74% in the same period last year[28] - The company’s top five customers accounted for 26.71% of total sales in Q1 2019, down from 41.50% in the same period last year[29] Safety Management - The company has completed safety management improvements and received government approval to resume production as of April 12, 2018[33] - The company is committed to enhancing safety management levels to prevent future incidents and ensure normal operations[33]