七彩化学(300758) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was CNY 146,822,570.14, an increase of 13.49% compared to CNY 129,375,292.59 in the same period last year[7] - Net profit attributable to shareholders decreased by 25.15% to CNY 15,321,163.67 from CNY 20,468,751.81 year-on-year[7] - The total profit was 16.99 million yuan, a decrease of 23.77% year-on-year[25] - The net profit excluding non-recurring gains and losses was CNY 15,198,686.10, down 25.89% from CNY 20,507,682.12 in the same period last year[7] - The company’s total comprehensive income for the current period was ¥15,321,163.67, down from ¥20,468,751.81, indicating a decrease of approximately 25.5%[62] Cash Flow - Net cash flow from operating activities improved by 81.61%, reaching CNY -4,180,340.70 compared to CNY -22,737,086.75 in the previous year[7] - Operating cash inflow for the current period was CNY 94,620,087.28, an increase of 34.1% compared to CNY 70,517,590.08 in the previous period[65] - Cash inflow from financing activities totaled CNY 583,516,560.00, significantly higher than CNY 24,392,712.33 in the previous period[70] - Net cash flow from financing activities was CNY 550,633,094.93, compared to CNY 16,145,101.30 in the previous period, indicating strong financing support[70] - The ending balance of cash and cash equivalents was CNY 587,447,968.51, up from CNY 17,257,843.36 in the previous period[66] Assets and Liabilities - Total assets increased by 76.81% to CNY 1,310,451,868.94 from CNY 741,174,119.87 at the end of the previous year[7] - The company's total liabilities amounted to CNY 236,405,890.45, an increase from CNY 226,093,169.59, indicating a rise of approximately 5.8%[48] - Owner's equity reached CNY 1,074,045,978.49, significantly up from CNY 515,080,950.28, marking an increase of around 108.5%[49] - Current assets totaled CNY 893,363,220.31, compared to CNY 337,923,997.94, reflecting a growth of about 164.5%[47] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,358[11] - The company’s capital reserve increased by 440.30% to CNY 63,437,660.00 from CNY 11,741,280.00 at the beginning of the year, primarily due to the premium from new share issuance[20] Operational Insights - The company achieved operating revenue of 146.82 million yuan, an increase of 13.49% compared to the same period last year[25] - The gross profit margin decreased due to changes in sales structure, while R&D expenses increased year-on-year[25] - The top five suppliers accounted for 34.73% of total purchases, an increase of 1.56% year-on-year, with three suppliers changing[27] - The top five customers accounted for 28.67% of total sales, up 0.85% year-on-year, with three customers changing[28] Investment and Projects - Total raised funds amounted to CNY 58,936.12 million, with CNY 878.89 million invested in the current quarter[38] - Cumulative investment from raised funds reached CNY 10,940.19 million, with no changes in usage reported[38] - The project for high-performance organic pigments and intermediates has seen 57.64% of its CNY 10,000 million budget utilized, totaling CNY 5,764 million invested[38] - The project for high-efficiency catalytic aromatic nitrile products has only utilized 19.38% of its CNY 23,000 million budget, with CNY 4,457.82 million invested[38] Compliance and Risks - The company has not reported any non-compliance with external guarantees during the reporting period[41] - The company faces risks related to raw material price fluctuations and potential bad debt losses due to customer financial instability[33][34] - There were no significant changes in the feasibility of projects during the reporting period[42] Other Financial Metrics - Basic and diluted earnings per share decreased to ¥0.17 from ¥0.26, a drop of approximately 34.6%[58] - Financial expenses decreased to ¥1,507,331.08 from ¥2,316,654.38, a reduction of about 35.0%[55] - Cash paid to employees increased to CNY 26,941,952.77 from CNY 21,259,209.79, indicating a 26.5% rise in labor costs[65] - Cash paid for taxes decreased to CNY 7,516,484.11 from CNY 15,220,457.91, showing a reduction in tax liabilities[65]