*ST佳沃(300268) - 2019 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2019 was CNY 475,674,705.98, an increase of 8.26% compared to CNY 439,401,058.21 in the same period last year[8]. - Net profit attributable to shareholders was CNY 1,411,508.91, representing a growth of 17.35% from CNY 1,202,821.96 year-on-year[8]. - Net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 1,401,016.42, up 43.03% from CNY 979,537.81 in the previous year[8]. - Total operating revenue for Q1 2019 was CNY 475,674,705.98, an increase of 8.5% compared to CNY 439,401,058.21 in Q1 2018[42]. - Total operating costs for Q1 2019 were CNY 469,300,176.09, up from CNY 432,893,560.21 in the same period last year, reflecting a year-over-year increase of 8.4%[42]. - The company's net loss for Q1 2019 was CNY 5,625,470.11, compared to a net loss of CNY 1,492,502.00 in Q1 2018[42]. - The total profit for Q1 2019 was CNY 6,216,365.32, a decrease of 8.2% from CNY 6,773,092.07 in the previous year[43]. - The total comprehensive income for Q1 2019 was CNY 4,437,991.72, down from CNY 5,251,868.00 in the same period last year[44]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -67,711,491.23, a decline of 90.90% compared to CNY -35,469,114.60 in the same period last year[8]. - The company's cash flow from operating activities decreased by 90.90% year-on-year, mainly due to increased expenditures for seasonal stock procurement[19]. - The net cash flow from investment activities was -7,349,429.63, compared to -939,096.62 in the previous period, indicating a significant increase in cash outflow[50]. - The net cash flow from financing activities was 54,676,123.25, down from 92,802,165.41 in the previous period, reflecting a decrease of approximately 41%[50]. - The total cash and cash equivalents at the end of the period were 69,241,475.64, a decrease from 139,398,289.59 in the previous period, representing a decline of about 50%[50]. - The company reported a net increase in cash and cash equivalents of -20,698,308.26, contrasting with an increase of 61,187,114.41 in the previous period, showing a significant decline in liquidity[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,314,404,225.72, an increase of 8.22% from CNY 1,214,612,451.21 at the end of the previous year[8]. - The company's current assets reached CNY 1,098,955,767.75, up from CNY 996,873,190.23 at the end of 2018, indicating a growth of approximately 10.7%[32]. - Total liabilities increased to CNY 918,694,366.40 as of March 31, 2019, compared to CNY 823,351,837.43 at the end of 2018, marking an increase of 11.6%[35]. - The company's total liabilities decreased to CNY 557,955,000.00 from CNY 520,000,000.00, showing a reduction of about 6.8%[33]. - The total equity attributable to shareholders increased slightly to CNY 239,225,572.59 from CNY 237,846,948.30 at the end of 2018[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,054[11]. - The largest shareholder, Jiawo Group Co., Ltd., held 29.90% of the shares, with 35,598,919 shares frozen[11]. - The net assets attributable to shareholders amounted to CNY 239,225,572.59, reflecting a slight increase of 0.58% from CNY 237,846,948.30 at the end of the previous year[8]. Operational Changes and Strategies - The company is actively pursuing the acquisition of Australis Seafoods S.A. to strengthen its position in the Chilean salmon industry[22]. - The company plans to adjust procurement strategies in response to raw material price fluctuations and market conditions[21]. - The company has been actively pursuing major asset acquisitions, including a purchase agreement with Australis Seafoods S.A. for a significant stake[24]. - The company is in the process of implementing a non-public issuance of A-shares to support its acquisition strategy[25]. - The company signed a joint investment agreement with Cangyuan Investment in March 2019, indicating a strategic move towards collaboration and expansion[25]. - The company has committed to ongoing major matters as per its established plans, ensuring continuous progress in its strategic initiatives[25]. Expenses and Financial Management - The company’s financial expenses increased by 2347.67% year-on-year, primarily due to higher borrowing costs from increased loans[19]. - The company’s tax and additional fees increased by 59.91% year-on-year, driven by revenue growth from subsidiaries[18]. - The company's research and development expenses were reported at CNY 10,861,955.09, compared to a negative CNY 483,252.11 in the previous year, indicating a shift in investment strategy[42]. - The management expenses increased significantly to CNY 1,756,165.47 from CNY 782,094.56, reflecting a rise of 125%[46]. - The financial expenses for Q1 2019 were CNY 4,603,096.19, compared to CNY 3,758,626.76 in the previous period, indicating an increase of 22.4%[46].