开山股份(300257) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥660,761,702.24, an increase of 11.59% compared to ¥592,155,817.55 in the same period last year[7] - Net profit attributable to shareholders was ¥30,755,654.16, representing a 13.57% increase from ¥27,080,067.76 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥29,448,584.98, up 14.70% from ¥25,673,528.69 in the previous year[7] - Basic earnings per share increased by 33.33% to ¥0.04 from ¥0.03 in the same period last year[7] - Operating profit reached 3,709.14 million yuan, up 16.22% compared to the same period last year[20] - Net profit attributable to shareholders was 3,075.57 million yuan, an increase of 13.57% year-on-year[20] - Net profit for Q1 2019 reached CNY 30,494,846.02, representing a 15.5% increase from CNY 26,366,570.57 in Q1 2018[44] - The total comprehensive income for the quarter was CNY 12,264,204.16, an increase from CNY 8,858,574.84 year-over-year[52] Cash Flow - The net cash flow from operating activities was negative at -¥15,393,764.93, a decline of 259.86% compared to ¥9,629,628.37 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY 15,393,764.93, a decline from a net inflow of CNY 9,629,628.37 in the prior year[55] - Cash flow from investing activities resulted in a net outflow of CNY 178,513,217.50, compared to a net outflow of CNY 251,418,651.68 in the same period last year[57] - Cash flow from financing activities generated a net inflow of CNY 113,484,928.84, down from CNY 354,618,853.71 in the previous year[57] - Net cash flow from operating activities decreased to CNY 10,226,397.24 in Q1 2019, down from CNY 40,453,636.57 in Q1 2018, indicating a decline of about 74.7%[60] - Net cash flow from financing activities was negative CNY 228,866,487.62 in Q1 2019, contrasting with a positive CNY 175,997,641.12 in Q1 2018, reflecting a significant change in financing strategy[62] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,578,044,010.27, a slight decrease of 0.09% from ¥7,584,850,019.60 at the end of the previous year[7] - Current liabilities totaled CNY 2,397,218,124.46, down from CNY 2,648,856,777.03, indicating a reduction of approximately 9.5%[32] - Long-term borrowings increased to CNY 1,631,837,174.02 from CNY 1,357,833,199.65, reflecting a growth of about 20.1%[32] - The company's total liabilities decreased to CNY 2,270,594,265.98 from CNY 2,432,912,723.09, a reduction of approximately 6.7%[41] - The total equity attributable to shareholders was CNY 3,486,802,206.75, down from CNY 3,514,416,814.08, a decline of about 0.8%[34] Investments and Subsidiaries - The company is actively expanding its overseas geothermal power projects, including the SMGP240MW project in Indonesia, which has completed the first phase with a total installed capacity of 53MW[20] - The company is also establishing a wholly-owned subsidiary in India to enhance its global market presence[19] - Investment income increased by 44.63% to 3,195,091.00 yuan, driven by higher returns from long-term equity investments[18] - The company's long-term equity investments increased to CNY 3,623,792,277.78 from CNY 3,529,299,026.78, marking an increase of approximately 2.7%[37] Operational Costs - Total operating costs for Q1 2019 were CNY 628,394,408.18, up from CNY 564,155,562.60, reflecting a rise of 11.4%[42] - Cash paid for purchasing goods and services increased to CNY 476,363,788.09 in Q1 2019, up from CNY 396,565,536.67 in Q1 2018, marking an increase of approximately 20.1%[60] - Cash paid to employees decreased slightly to CNY 14,849,561.18 from CNY 16,266,670.87, a reduction of about 8.7%[60] - Cash paid for taxes decreased to CNY 7,682,905.18 from CNY 9,764,846.54, indicating a decrease of approximately 21.3%[60] Research and Development - Research and development expenses for Q1 2019 were CNY 620,314.94, significantly lower than CNY 1,691,792.42 in the previous year, indicating a decrease of 63.3%[47] - The company is focusing on developing a new generation of high-efficiency screw compressors to improve product competitiveness[19] Shareholder Information - The largest shareholder, Kaishan Holding Group, holds 57.72% of the company's shares, totaling 495,262,198 shares[9] - The weighted average return on equity was 0.88%, up from 0.80% in the same period last year[7] Miscellaneous - The company received government subsidies amounting to ¥1,492,519.86 during the reporting period[7] - The company did not undergo an audit for the Q1 2019 report, which may affect the reliability of the financial data presented[63]