江南高纤(600527) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 42.38% to CNY 8,935,575.70 from CNY 15,506,498.96 year-on-year[5] - Operating revenue declined by 8.63% to CNY 280,695,775.19 compared to CNY 307,199,439.51 in the same period last year[5] - Total operating revenue for Q1 2019 was CNY 280,695,775.19, a decrease of 8.2% compared to CNY 307,199,439.51 in Q1 2018[21] - Net profit for Q1 2019 was CNY 8,935,575.70, a decline of 42.5% from CNY 15,506,498.96 in Q1 2018[22] - Operating profit for Q1 2019 was CNY 9.47 million, down 48.5% from CNY 18.39 million in Q1 2018[24] - Total comprehensive income for Q1 2019 was CNY 9.02 million, down 44.5% from CNY 16.19 million in Q1 2018[25] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 70,243,630.77, a turnaround from a negative CNY 21,953,812.06 in the previous year[5] - Cash flow from operating activities generated a net inflow of CNY 70.24 million, compared to a net outflow of CNY 21.95 million in Q1 2018[27] - Net cash flow from operating activities increased significantly to CNY 77,718,035.50, compared to CNY 7,114,277.45 in the same period last year[28] - The net cash flow from investment activities was negative at CNY -177,154,920.48, compared to CNY -29,310,199.83 in the previous year[28] - Cash outflow from investing activities was CNY 177.15 million, compared to CNY 35.31 million in Q1 2018[27] Assets and Liabilities - Total assets increased by 0.50% to CNY 2,513,214,107.71 compared to the end of the previous year[5] - The total current assets as of March 31, 2019, were ¥1,482,484,249.30, down from ¥1,616,580,395.18 as of December 31, 2018[12] - The total liabilities increased to ¥75,494,735.97 from ¥72,239,482.08 at the end of 2018[14] - Total liabilities for Q1 2019 were CNY 78,440,898.20, an increase from CNY 72,041,957.22 in Q1 2018[18] Shareholder Information - The number of shareholders totaled 63,820 at the end of the reporting period[7] - The largest shareholder, Tao Guoping, holds 26.49% of the shares, with 240 million shares pledged[7] Research and Development - Research and development expenses decreased by 31.51% to CNY 6,361,719.35 compared to CNY 9,288,539.67 in the previous year[8] - The company reported a decrease in research and development expenses to CNY 6,361,719.35 from CNY 9,288,539.67 in Q1 2018, a reduction of 31.3%[21] - Research and development expenses decreased to CNY 6.36 million, a reduction of 31.5% from CNY 9.29 million in Q1 2018[24] Income and Expenses - The weighted average return on equity decreased by 0.25 percentage points to 0.37%[5] - The company reported a significant increase in interest income, which rose by 292.24% to CNY 10,956,182.26 compared to CNY 2,793,249.09 in the previous year[8] - The company’s financial expenses showed a net income of CNY -3,093,339.58 in Q1 2019, compared to CNY -2,768,006.18 in Q1 2018[21] Other Financial Metrics - Earnings per share for Q1 2019 was CNY 0.0062, compared to CNY 0.0107 in Q1 2018[22] - Basic and diluted earnings per share for Q1 2019 were both CNY 0.0063, a decrease from CNY 0.0112 in Q1 2018[25] - Other comprehensive income after tax for Q1 2019 was CNY 201,917.50, compared to a loss of CNY 194,407.75 in Q1 2018[22] Cash and Cash Equivalents - Cash and cash equivalents decreased by 123.84% year-on-year, totaling -¥114,750,320.89, primarily due to cash payments for goods[9] - Cash and cash equivalents at the end of Q1 2019 were CNY 887.23 million, down from CNY 1.16 billion at the end of Q1 2018[27] - The net decrease in cash and cash equivalents for the quarter was CNY -105,726,049.49, compared to CNY -22,195,922.38 in Q1 2018[29] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 387,266.53, an increase of 154.42% year-on-year[8] Inventory and Receivables - The accounts receivable decreased to ¥124,764,965.39 from ¥157,056,525.62 year-on-year[12] - The inventory decreased to ¥390,251,400.58 from ¥404,385,569.24 year-on-year[12] Non-Current Assets - The non-current assets totaled ¥1,030,729,858.41, an increase from ¥884,240,965.44 at the end of 2018[13] Retained Earnings - The retained earnings increased to ¥547,409,322.17 from ¥538,473,746.47 at the end of 2018[14] Financial Standards - The company did not apply new financial instrument standards or new revenue recognition standards in the current reporting period[29]