强力新材(300429) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥183,839,389.25, representing a 9.72% increase compared to ¥167,554,832.31 in the same period last year[7]. - Net profit attributable to shareholders decreased by 10.18% to ¥33,027,842.91 from ¥36,771,501.51 year-on-year[7]. - Net profit excluding non-recurring gains and losses fell by 18.14% to ¥29,151,288.67 compared to ¥35,613,005.54 in the previous year[7]. - Basic earnings per share decreased by 14.83% to ¥0.1218 from ¥0.1430 year-on-year[7]. - The net profit attributable to the parent company was CNY 33,027,842.91, a decline of 10.1% from CNY 36,771,501.51 in the same quarter last year[40]. - The total comprehensive income for the period was CNY 32,092,364.93, down 10.0% from CNY 35,927,473.34 year-over-year[40]. - The total profit for the period was CNY 38,382,498.65, down 9.0% from CNY 42,134,782.19 year-over-year[39]. - The company's operating profit for Q1 2019 was CNY 38,202,731.34, a decrease of 7.5% compared to CNY 41,585,172.84 in the previous year[39]. Cash Flow - Net cash flow from operating activities increased by 26.13% to ¥34,170,457.18 from ¥27,090,570.23 in the same period last year[7]. - Cash received from operating activities increased by 307.31% to ¥10,271,009.00, mainly due to the receipt of project bidding deposits[16]. - The net cash flow from operating activities was 34,170,457.18 CNY, an increase from 27,090,570.23 CNY in the previous period, representing a growth of approximately 26.5%[47]. - The total cash inflow from operating activities was 79,232,415.55 CNY, significantly higher than 26,651,845.02 CNY in the previous period[50]. - The cash outflow for operating activities totaled 83,329,669.98 CNY, compared to 40,079,278.21 CNY in the previous period, indicating an increase of approximately 107.5%[51]. - The company experienced a net decrease in cash and cash equivalents of -61,204,758.17 CNY, contrasting with an increase of 8,160,241.84 CNY in the previous period[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,939,533,831.20, a 3.03% increase from ¥1,882,459,731.74 at the end of the previous year[7]. - The total liabilities increased to CNY 105,694,332.26 in Q1 2019 from CNY 67,597,002.65 in the previous year, indicating a rise in financial obligations[36]. - The company's total liabilities reached CNY 237,946,123.38, while total equity was CNY 1,644,513,608.36[55]. - The company's total assets as of March 31, 2019, were CNY 1,289,400,145.87, compared to CNY 1,248,201,179.61 at the end of 2018, reflecting a growth in asset base[36]. - The total non-current assets increased from RMB 967,815,689.55 to RMB 1,049,192,201.41[30]. - Current liabilities totaled CNY 232,492,711.37, including short-term borrowings of CNY 117,183,348.91[55]. Investment and Financing - The company reported an investment income of CNY 6,028,309.25, significantly higher than CNY 832,977.78 in the same period last year, reflecting improved investment performance[37]. - Interest expenses surged by 713.01% to ¥1,061,609.09, primarily due to increased borrowing to supplement working capital[16]. - The company’s short-term loans increased by 38.37% to ¥162,150,513.07, indicating a strong reliance on bank financing[16]. - The company’s cash flow from financing activities decreased by 36.10% to ¥45,000,000.00, reflecting reduced borrowing compared to the previous year[17]. - The total amount of raised funds is RMB 378,631,698.11, with RMB 132,513,858.12 already invested by March 31, 2019[23]. Shareholder Information - The top shareholder, Qian Xiaochun, holds 28.26% of the shares, with 63,076,792 shares pledged[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The total equity attributable to shareholders rose to CNY 1,183,705,813.61 from CNY 1,180,604,176.96, showing stability in shareholder value[36]. Research and Development - The R&D expenses for Q1 2019 were CNY 8,927,041.03, slightly down from CNY 9,285,959.89 in the previous year, indicating a focus on cost management in innovation[37]. - The company incurred research and development expenses of CNY 2,759,617.40, slightly up from CNY 2,681,007.27 in the previous year[42]. Government Support - The company received government subsidies amounting to ¥1,165,000.00 during the reporting period[8].