Lead Power(SZ:300530)2019-04-24 16:00Financial Performance - Total revenue for Q1 2019 was CNY 41,754,185.50, representing a 25.73% increase compared to CNY 33,210,631.81 in the same period last year[8]. - Net profit attributable to shareholders decreased by 11.74% to CNY 8,739,560.08 from CNY 9,902,192.84 year-on-year[8]. - Net profit excluding non-recurring gains and losses fell by 25.85% to CNY 5,399,706.66 from CNY 7,282,509.12 in the previous year[8]. - Basic earnings per share decreased by 14.29% to CNY 0.12 from CNY 0.14 year-on-year[8]. - The weighted average return on equity was 1.68%, down from 2.00% in the same period last year, a decrease of 0.32%[8]. - The company achieved operating revenue of RMB 41,754,185.50, representing a year-on-year increase of 25.73%[17]. - The net profit attributable to shareholders decreased by 11.74% to RMB 8,739,560.08, while the net profit excluding non-recurring gains and losses fell by 25.85% to RMB 5,399,706.66[17]. - The company reported a decrease in accounts payable and receivable, with accounts payable at CNY 5,663,884.83 down from CNY 6,541,677.93[44]. - The total profit for the current period was ¥10,588,632.89, down from ¥11,952,259.72, reflecting a decrease of about 11.4%[54]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 562,884,092.80, a slight increase of 0.33% from CNY 561,024,512.77 at the end of the previous year[8]. - Current assets totaled CNY 459,412,089.31, compared to CNY 457,357,798.85 previously, indicating a growth of approximately 0.45%[44]. - Non-current assets decreased to CNY 103,472,003.49 from CNY 103,666,713.92, reflecting a decline of about 0.19%[44]. - Total liabilities decreased to CNY 30,465,041.32 from CNY 39,786,711.99, representing a reduction of approximately 23.5%[45]. - Owner's equity increased to CNY 532,419,051.48 from CNY 521,237,800.78, showing a growth of about 2.3%[46]. - The company’s long-term equity investments increased to CNY 175,120,580.43 from CNY 154,290,580.43, marking an increase of about 13.5%[49]. - The total liabilities to equity ratio improved, indicating a stronger financial position for the company[45]. Cash Flow and Investments - Cash and cash equivalents increased by 188.92% to RMB 136,017,080.16 due to the maturity of part of the raised funds[15]. - The company’s cash flow from operating activities saw a 96.98% increase in other cash receipts to RMB 120,285.09, mainly from interest income[16]. - The company invested RMB 220,000,000.00 in financial products, a 41.07% increase compared to the previous year[16]. - The net cash flow from investment activities was 101,329,911.79 CNY, a turnaround from -12,357,709.03 CNY in the previous period, showing improved investment performance[63]. - The net increase in cash and cash equivalents was 89,620,851.91 CNY, contrasting with a decrease of -13,696,179.97 CNY in the previous period, indicating improved liquidity[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,333[10]. - The largest shareholder, Cai Zhihua, holds 60.05% of the shares, with 42,277,680 shares pledged[10]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[38]. Legal and Compliance Issues - The company is currently involved in a legal dispute regarding alleged technology secret infringement, with a potential claim of RMB 10 million[25]. - The company is currently involved in a lawsuit with Jiangsu Zhongke Jinlong Chemical Co., which claims the company infringed on its trade secrets, seeking damages of RMB 10 million (approximately $1.5 million) and a public apology[27]. - The first-instance judgment ruled in favor of the company, dismissing all claims from Jiangsu Zhongke Jinlong, with the plaintiff bearing the case acceptance fee of RMB 81,800 (approximately $12,000)[27]. - The case is currently in the second-instance trial phase, and the company cannot assess the impact of the lawsuit on its profits at this time[27]. - The company's controlling shareholder, Cai Zhihua, has committed that the company has not infringed on any trade secrets or patents and has not engaged in any improper acquisition of technology[28]. Research and Development - The company has established a strong R&D team with a core technology system and aims to strengthen R&D investment and collaboration with academic institutions[22]. - Research and development expenses were ¥1,622,433.26, down from ¥2,080,697.88, indicating a decrease of about 22.0%[52]. - The company has obtained multiple patents and technological certifications in the production process of polycarbonate polyols, ensuring the security of its future production[28]. Operational Management - The company aims to improve its internal control and operational systems to adapt to its rapid growth and market expansion[24]. - The company emphasizes the importance of managing accounts receivable to ensure operational stability and financial performance[25]. - The company has not experienced any safety production accidents since its establishment, indicating effective safety management practices[23]. - The company’s management expenses increased by 38.06% to RMB 3,970,679.25, primarily due to new equity incentive expenses[15].