HZIS(600126)2019-04-22 16:00Financial Performance - Net profit attributable to shareholders decreased by 12.96% to CNY 437,860,884.33 from CNY 503,044,955.91 in the same period last year[4] - Operating revenue slightly declined by 0.32% to CNY 6,520,663,587.87 compared to CNY 6,541,591,098.07 in the previous year[4] - Basic and diluted earnings per share both decreased by 13.33% to CNY 0.13[4] - Total operating revenue for Q1 2019 was ¥6,520,663,587.87, a slight decrease of 0.32% compared to ¥6,541,591,098.07 in Q1 2018[19] - Net profit for Q1 2019 was ¥443,519,041.57, down 10.5% from ¥505,469,582.97 in Q1 2018[20] - Basic earnings per share for Q1 2019 was ¥0.13, down from ¥0.15 in Q1 2018[20] - The company incurred a tax expense of ¥132,044,885.26, compared to ¥176,882,294.59 in the same quarter last year, indicating a decrease of 25.3%[19] - Total profit for Q1 2019 reached CNY 106.33 million, significantly up from CNY 8.71 million in Q1 2018, marking a growth of 1,116.5%[21] - Net profit for Q1 2019 was CNY 97.93 million, compared to CNY 3.79 million in Q1 2018, indicating an increase of 2,580.5%[21] Cash Flow - Net cash flow from operating activities was CNY 941,794,014.94, a significant improvement from a negative CNY 455,897,699.57 in the same period last year[4] - Cash flow from operating activities for Q1 2019 was CNY 941.79 million, a turnaround from a negative cash flow of CNY -455.90 million in Q1 2018[22] - Cash inflow from operating activities totaled CNY 6.01 billion in Q1 2019, compared to CNY 5.82 billion in Q1 2018, reflecting a growth of 3.2%[22] - Cash outflow from operating activities decreased to CNY 5.07 billion in Q1 2019 from CNY 6.28 billion in Q1 2018, a reduction of 19.3%[22] - The net cash flow from investing activities for Q1 2019 was CNY 78.63 million, down from CNY 292.27 million in Q1 2018[23] - The net cash flow from financing activities in Q1 2019 was negative at CNY -14.24 million, compared to a positive flow of CNY 76.64 million in Q1 2018[23] Assets and Liabilities - Total assets increased by 3.86% to CNY 26,804,769,126.51 compared to the end of the previous year[4] - Total current assets as of March 31, 2019, amounted to 12.26 billion RMB, an increase from 11.20 billion RMB as of December 31, 2018[13] - Current liabilities rose to ¥6,775,981,834.90, compared to ¥6,332,201,320.28, reflecting an increase of approximately 7.03%[14] - Total liabilities reached ¥7,585,249,185.59, up from ¥7,106,663,383.44, marking an increase of around 6.73%[15] - Shareholders' equity increased to ¥19,219,519,940.92 from ¥18,701,377,232.89, showing a growth of about 2.76%[15] - The total assets amounted to 25,909,391,773.09[29] - The total liabilities were 7,132,001,172.63, reflecting a rise of approximately 0.36%[29] - The total current assets were $11,203,483,670.52, remaining unchanged from the previous period[28] Investments and Income - Investment income rose by 262% to CNY 74,850,762.95 compared to CNY 20,687,273.45 in the previous year[9] - The company reported a significant increase in non-operating income by 45880% to CNY 11,288,004.09[9] - Investment income increased year-on-year, primarily due to the recognition of 71 million RMB in investment income from the associated company Hangzhou Ziyuan[10] - Interest income for Q1 2019 was CNY 34.69 million, compared to CNY 21.44 million in Q1 2018, representing a year-over-year increase of 62.1%[21] Expenses - Total operating costs increased to ¥6,058,831,619.40, up 2.63% from ¥5,903,962,846.79 in the same period last year[19] - Research and development expenses rose significantly to ¥96,837,802.40, an increase of 46.4% compared to ¥66,200,562.75 in Q1 2018[19] - Sales expenses increased compared to the same period last year, primarily due to increased warehousing and transportation costs of the subsidiary Hangang E-commerce Company[10] - Financial expenses decreased year-on-year, mainly due to increased interest income from deposits and reduced borrowing costs[10] Shareholder Information - The company’s total share capital increased by 1.56 billion shares, accounting for 46.27% of the total share capital, following the listing of restricted shares[12] - The company’s controlling shareholder, Hangang Group, now holds 1.51 billion shares, representing 44.84% of the total share capital after the transfer of state-owned shares[12] - The total equity attributable to shareholders increased to ¥14,731,882,081.13 from ¥14,557,640,383.20, reflecting a growth of 1.19%[18] - The total equity attributable to shareholders of the parent company is 18,491,865,441.70 RMB, a decrease of 76,019,452.45 RMB compared to the previous period[30] Other Financial Metrics - The weighted average return on equity decreased by 0.64 percentage points to 2.33%[4] - Other receivables increased by 231%, mainly due to confirmed dividends receivable from an associate company[9] - Deferred income increased to ¥107,388,316.00 from ¥97,920,817.66, showing a growth of approximately 9.48%[15] - The company has implemented new financial accounting standards effective January 1, 2019, impacting the classification and measurement of financial assets[30]