富临精工(300432) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 reached ¥334,094,929.10, an increase of 15.40% compared to ¥289,500,107.50 in the same period last year[8]. - Net profit attributable to shareholders was ¥33,264,221.66, reflecting a growth of 31.50% from ¥25,295,663.51 year-on-year[8]. - Net profit after deducting non-recurring gains and losses was ¥31,488,380.54, up 36.38% from ¥23,088,590.50 in the previous year[8]. - Basic earnings per share rose to ¥0.0669, representing a 34.88% increase from ¥0.0496 in the previous year[8]. - The company achieved operating revenue of 334.09 million yuan, a year-on-year increase of 15.40%[32]. - Net profit attributable to the parent company was 33.26 million yuan, reflecting a year-on-year growth of 31.50%[32]. - The company reported a net profit of 32,528,039.77 yuan, up 37.62% compared to the previous year, driven by revenue growth and reduced asset impairment provisions[31]. - The net profit for Q1 2019 reached CNY 32,528,039.77, compared to CNY 23,635,949.25 in Q1 2018, representing a growth of 37.5%[72]. Cash Flow - Net cash flow from operating activities improved significantly to ¥47,628,980.21, a 218.73% increase from a negative cash flow of ¥40,114,338.76 in the same period last year[8]. - The cash flow from operating activities for the current period is CNY 47,628,980.21, a significant improvement from a negative cash flow of CNY -40,114,338.76 in the previous period[87]. - The cash flow from operating activities shows a net outflow of CNY -85,798,965.72, compared to a net outflow of CNY -51,050,336.94 in the previous period[90]. - The total operating cash inflow for the current period is CNY 348,635,854.95, slightly up from CNY 343,421,472.93 in the previous period[87]. - The net cash flow from operating activities decreased to ¥67,808,028.11 from ¥103,804,910.09, representing a decline of approximately 34.6% year-over-year[94]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,074,162,014.95, a decrease of 5.74% from ¥3,261,475,274.14 at the end of the previous year[8]. - Total current assets increased to CNY 2,054,033,821.41 from CNY 1,789,876,816.73, representing a growth of approximately 14.8% year-over-year[53]. - Total liabilities decreased to CNY 1,376,640,898.85 from CNY 1,611,936,129.86, a decline of approximately 14.6%[56]. - The company's total assets amounted to ¥3,261,475,274.14, with total liabilities at ¥1,611,936,129.86, resulting in total equity of ¥1,649,539,144.28[105]. - Total liabilities remained stable at CNY 657,157,438.51[110]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,249, with the largest shareholder holding 28.49% of the shares[14]. - Net assets attributable to shareholders increased by 2.02% to ¥1,680,626,534.34 from ¥1,647,399,642.49 at the end of the previous year[8]. - The total equity of the company increased to CNY 2,200,510,512.38 from CNY 2,138,763,099.67, marking a growth of 2.9%[69]. Expenses and Costs - Total operating costs for Q1 2019 were CNY 295,446,246.14, up from CNY 259,002,254.57, reflecting a year-over-year increase of 14.1%[70]. - Management expenses increased by 55.81% to ¥46,952,556.88 from ¥30,134,762.00, primarily due to legal fees related to economic disputes[28]. - Financial expenses decreased by 57.53% to ¥4,807,533.60 from ¥11,319,704.68, mainly due to reduced interest expenses[28]. Investments and R&D - The company plans to enhance R&D investment in electronic water pumps, electromagnetic valves, and high-power lithium iron phosphate materials[40]. - Research and development expenses for Q1 2019 were CNY 18,990,435.65, an increase from CNY 16,162,292.44 in the same quarter last year, indicating a rise of 11.3%[70]. Risk Management - The company faces risks related to market expansion and accounts receivable, particularly with a major customer experiencing financial difficulties[41]. - The company is actively working to mitigate risks by forming new sales teams and improving collection processes for receivables[41]. Other Financial Metrics - Non-recurring gains and losses totaled ¥1,775,841.12, with government subsidies contributing ¥2,741,772.43[9]. - The company reported a weighted average return on equity of 2.00%, up from 0.63% in the previous year[8]. - Other comprehensive income decreased by 99.96% to ¥184,866.19 from ¥474,258,078.47, primarily due to the adjustment of financial assets under new accounting standards[28].