ST景谷(600265) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 22.07% to CNY 12,086,444.52 compared to the same period last year[7]. - Net profit attributable to shareholders was CNY -6,305,265.80, showing a slight increase in loss compared to CNY -6,283,128.32 in the previous year[7]. - Total operating revenue decreased to CNY 12,086,444.52 from CNY 15,508,861.99, representing a decline of approximately 22.5%[42]. - Operating profit showed a loss of CNY 6,609,665.92 compared to a loss of CNY 4,455,011.41 in the previous period, indicating a worsening of approximately 48.2%[42]. - Net profit loss increased to CNY 6,356,866.21 from CNY 6,302,330.46, reflecting a slight increase in losses of about 0.9%[43]. - The total comprehensive income loss was CNY 6,356,866.21, slightly higher than the previous loss of CNY 6,302,330.46, showing a marginal increase in comprehensive losses[43]. Assets and Liabilities - Total assets decreased by 0.44% to CNY 321,049,867.84 compared to the end of the previous year[7]. - Total liabilities increased from ¥296,661,026.60 to ¥301,610,122.24, an increase of about 1.52%[33]. - Current liabilities rose from ¥104,223,823.57 to ¥106,760,549.30, reflecting an increase of approximately 2.34%[32]. - Non-current liabilities increased from ¥192,437,203.03 to ¥194,849,572.94, marking a growth of about 1.99%[33]. - Owner's equity decreased from ¥25,796,611.81 to ¥19,439,745.60, a decline of approximately 24.83%[33]. - The total liabilities and owner's equity totaled ¥323,438,630.03, down from ¥328,357,385.10, reflecting a decrease of approximately 1.11%[38]. Cash Flow - Cash flow from operating activities was CNY -1,265,620.43, an improvement from CNY -4,377,954.65 in the previous year[7]. - The net cash flow from operating activities for the first quarter of 2018 was -487,798.88 RMB, compared to -86,941.70 RMB in the same period last year, indicating a decline in operational performance[52]. - Total cash inflow from operating activities was 7,076,077.46 RMB, down from 14,037,318.29 RMB year-over-year, reflecting a decrease of approximately 49.6%[52]. - Cash outflow from operating activities totaled 7,563,876.34 RMB, compared to 14,124,259.99 RMB in the previous year, marking a reduction of about 46.5%[52]. - The total cash and cash equivalents at the end of the period were 50,664.93 RMB, a decrease from 2,147,107.61 RMB year-over-year[54]. - The beginning cash balance was 414,338.81 RMB, significantly lower than 2,502,327.79 RMB at the start of the previous year[54]. Receivables and Payables - Accounts receivable decreased by 85.25% to CNY 427,371.80 compared to the beginning of the year[12]. - Other receivables increased by 238.49% to CNY 1,124,129.34 compared to the beginning of the year[13]. - Accounts payable increased from ¥12,898,646.81 to ¥15,041,230.09, an increase of approximately 16.61%[32]. Expenses - Management expenses decreased by 35.80% to CNY 3,777,240.08 compared to the previous year[16]. - Financial expenses increased significantly by 170,891.35% to CNY 2,727,089.51 compared to the previous year[16]. - Financial expenses increased to 2.7271 million yuan, up 170,891.34% from 0.0016 million yuan in the same period last year, primarily due to interest on loans extended by the controlling shareholder[17]. - Other income amounted to CNY 165,054.68, marking a new entry compared to the previous year[16]. - Other income increased to 0.1651 million yuan, attributed to government subsidy income[19]. - Non-operating income decreased to 0.2644 million yuan, down 42.52% from 0.46 million yuan in the same period last year, mainly due to the recovery of assets in the previous year[19]. - Non-operating expenses decreased to 0.0116 million yuan, down 99.50% from 2.3073 million yuan in the same period last year, primarily due to compensation payments in the previous year[19]. - Tax refunds received decreased by 100% to 0 yuan, as the previous year benefited from a tax refund policy for resource utilization[20]. - Total tax payments decreased to 4.1501 million yuan, down 76.11% from 1.7372 million yuan in the same period last year, due to higher deductible input tax[21]. Investments - Investment income decreased due to no purchase of bank wealth management products during the period[18]. - The company plans to transfer part of its self-owned standing timber inventory assets, with the sale price not less than 68.05 million yuan[27]. - The company signed a contract to transfer 49,382.87 acres of land use rights and associated timber assets to a third party[28]. - The company reported a cash inflow from the disposal of fixed assets of 483,000.00 RMB, compared to 2,731,721.52 RMB in the previous year, indicating a reduction in asset liquidation[52].