七彩化学(300758) - 2019 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2019 was ¥146,822,570.14, an increase of 13.49% compared to ¥129,375,292.59 in the same period last year[8] - Net profit attributable to shareholders decreased by 25.15% to ¥15,321,163.67 from ¥20,468,751.81 year-on-year[8] - Basic earnings per share fell by 46.15% to ¥0.14 from ¥0.26 in the previous year[8] - Total profit was 16.99 million yuan, a decrease of 23.77% year-on-year, while net profit attributable to shareholders was 15.32 million yuan, down 25.15% from the previous year[19] - The company's operating profit for Q1 2019 was ¥16,995,082.27, a decline of 23.0% from ¥22,295,621.85 in Q1 2018[54] - The total comprehensive income for Q1 2019 was ¥15,321,163.67, down from ¥20,468,751.81 in Q1 2018, indicating a decrease of 25.3%[59] Cash Flow - Net cash flow from operating activities improved significantly, with a net outflow of ¥4,180,340.70, an 81.61% increase compared to a net outflow of ¥22,737,086.75 in the same period last year[8] - The cash flow from operating activities for Q1 2019 was negative at -¥4,180,340.70, an improvement from -¥22,737,086.75 in the previous year[61] - The net cash flow from financing activities surged by 3310.53% to ¥550,633,100 from ¥16,145,100 in the same period last year, primarily due to new share issuance[18] - Total cash inflow from financing activities reached 583,516,560.00 yuan, a substantial increase compared to 24,392,712.33 yuan in the prior period[69] - The net cash flow from financing activities was 550,633,094.93 yuan, up from 16,145,101.30 yuan, reflecting strong financing efforts[69] - Cash received from sales of goods and services was 92,066,125.40 yuan, an increase from 64,016,878.09 yuan year-over-year[66] Assets and Liabilities - Total assets increased by 76.81% to ¥1,310,451,868.94 from ¥741,174,119.87 at the end of the previous year[8] - The total amount of raised funds is 589.36 million yuan, with 8.79 million yuan invested in the current quarter[30] - Total liabilities amounted to CNY 241,191,264.26, compared to CNY 236,256,164.32 in the previous period[47] - The company's total current liabilities were CNY 104,000,000.00, slightly down from CNY 109,000,000.00[39] - The total non-current assets amounted to CNY 417,088,648.63, an increase from CNY 403,250,121.93[39] Research and Development - Research and development expenses increased to CNY 7,488,543.06, representing a 29% rise compared to CNY 5,803,271.86 in the previous year[51] - Research and development expenses increased to ¥6,107,246.40 in Q1 2019, up 24.6% from ¥4,899,972.64 in the same period last year[56] Market and Operational Risks - Environmental risks are a concern due to stricter regulations, leading to increased costs for waste management[23] - The company faces market risks from potential raw material price increases and intensified competition in the high-performance organic pigment market[26] - The company has a stable customer base, minimizing the risk of bad debts despite potential challenges from economic changes[27] Inventory and Receivables - Inventory increased to CNY 136,362,085.54 from CNY 121,072,143.19, indicating a growth of approximately 12.6%[38] - Accounts receivable decreased slightly to CNY 136,363,315.64 from CNY 139,448,720.66, with accounts receivable specifically dropping from CNY 83,824,164.15 to CNY 97,170,475.80[38] Shareholder Equity - Net assets attributable to shareholders rose by 108.52% to ¥1,074,045,978.49 from ¥515,080,950.28 at the end of the previous year[8] - The company issued new shares, resulting in a 33.35% increase in share capital to ¥106,680,000 from ¥80,000,000[16] - Owner's equity totaled CNY 1,006,606,853.68, up from CNY 448,953,843.46 year-over-year[49]