RFNE(002366)2020-08-20 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥142,002,397.11, a decrease of 69.44% compared to ¥464,631,849.73 in the same period last year[8] - The net profit attributable to shareholders was -¥52,405,166.34, representing a decline of 128.51% from ¥183,788,344.25 year-on-year[8] - The net profit after deducting non-recurring gains and losses was -¥54,028,072.17, down 135.73% from ¥151,216,384.91 in the previous year[8] - The basic earnings per share were -¥0.06, a decrease of 128.57% compared to ¥0.21 in the previous year[8] - Operating profit decreased by 132.60% to -¥59,133,282.31 from ¥181,387,325.27, primarily due to the decline in operating revenue[25] - Net profit dropped by 127.48% to -¥51,145,614.90 from ¥186,104,736.20, reflecting the decrease in total profit[25] - The company reported a net loss of CNY 44,870,888.89 for Q1 2019, compared to a loss of CNY 39,899,012.96 in the previous year[53] - The company reported a total comprehensive income of -51,145,614.90 yuan for the current period, compared to 186,104,736.20 yuan in the previous period[62] Cash Flow - The net cash flow from operating activities was ¥38,854,511.09, a significant improvement from -¥61,125,502.87 in the same period last year[8] - Cash flow from operating activities improved by 163.57% to ¥38,854,511.09 from -¥61,125,502.87, due to reduced payments for raw materials and employee salaries[25] - Operating cash inflow totaled ¥142,685,330.69, down from ¥247,732,396.83 in the previous period, representing a decrease of approximately 42.3%[74] - Operating cash outflow amounted to ¥103,830,819.60, compared to ¥308,857,899.70 in the prior period, indicating a reduction of about 66.4%[74] - Cash flow from investing activities showed a net outflow of ¥2,144,687.52, compared to a net outflow of ¥41,618,014.74 in the prior period, reflecting a decrease of approximately 94.8%[77] - Cash inflow from financing activities was ¥335,690,905.83, down from ¥739,745,000.00 in the previous period, a decline of about 54.6%[77] - The ending balance of cash and cash equivalents was ¥6,170,798.03, down from ¥106,188,938.41 in the previous period, indicating a decrease of approximately 94.2%[77] - The net increase in cash and cash equivalents was negative at ¥-27,862,230.21, compared to a negative increase of ¥-56,062,976.26 in the previous period, showing an improvement[77] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,090,861,290.42, a slight decrease of 0.63% from ¥7,135,767,947.43 at the end of the previous year[8] - The net assets attributable to shareholders were ¥2,941,401,974.23, down 1.74% from ¥2,993,496,733.23 at the end of the previous year[8] - Total liabilities increased slightly to ¥3,922,355,295.94 from ¥3,917,088,865.42[41] - The total liabilities as of March 31, 2019, were CNY 433,931,910.19, slightly down from CNY 436,331,734.32[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,992[11] - The largest shareholder, Yantai Taihai Group Co., Ltd., held 43.71% of the shares, amounting to 379,021,283 shares[12] Government Subsidies and Expenses - The company received government subsidies amounting to ¥1,865,252.08 during the reporting period[8] - Research and development expenses decreased by 39.17% to ¥31,096,425.46 from ¥51,119,401.97, due to reduced expenses on R&D projects[25] - Employee compensation payable increased by 191.50% to ¥47,349,467.50 from ¥16,243,567.33, resulting from cross-period salary payments[25] - The company incurred management expenses of 954,038.11 yuan in the current period, a decrease from 9,780,522.44 yuan in the previous period[63]