河化股份(000953) - 2018 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2018 was CNY 58,610,702.46, a decrease of 5.45% compared to CNY 61,986,917.69 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 39,449,836.81, a significant decline of 4,120.41% from a profit of CNY 981,238.75 in the previous year[7] - Total operating revenue for Q1 2018 was CNY 58,610,702.46, a decrease of 5.7% compared to CNY 61,986,917.69 in the previous period[33] - Net loss for Q1 2018 was CNY 39,449,836.81, compared to a net profit of CNY 981,238.75 in the same period last year[33] - The company's operating revenue for the current period was CNY 30,602,865.72, a decrease of 22.8% compared to CNY 39,632,537.02 in the previous period[37] - The net profit for the current period was a loss of CNY 40,103,968.20, compared to a profit of CNY 223,800.36 in the previous period, indicating a significant decline[38] - The basic and diluted earnings per share for the current period were both -0.1364, compared to 0.0008 in the previous period[38] Cash Flow and Liquidity - The net cash flow from operating activities improved to -CNY 36,385,058.15, a 58.91% increase compared to -CNY 88,558,095.80 in the same period last year[7] - As of the end of the first quarter of 2018, the company's cash and cash equivalents amounted to ¥8,360,357.35, a decrease from ¥194,391,639.37 at the beginning of the period[27] - The total cash and cash equivalents at the end of the period were CNY 8,360,357.35, down from CNY 47,518,144.12 at the end of the previous period[41] - The total cash and cash equivalents at the end of the period were 1,455,896.23 CNY, down from 39,571,992.37 CNY in the previous period, indicating a substantial decline in liquidity[43] - The net cash flow from operating activities was -38,600,546.38 CNY, an improvement from -62,321,324.73 CNY in the previous period, indicating a reduction in cash outflow[42] - Cash inflow from investment activities was 1,564,500.00 CNY, compared to -41,322.87 CNY in the previous period, showing a positive shift in investment cash flow[42] - The net cash flow from financing activities was -141,600,000.00 CNY, a significant decrease from 100,707,200.26 CNY in the previous period, reflecting challenges in financing[43] Assets and Liabilities - Total assets decreased by 20.13% to CNY 653,252,419.58 from CNY 817,878,116.61 at the end of the previous year[7] - The company's total assets decreased from ¥817,878,116.61 at the beginning of the period to ¥653,252,419.58 at the end of the first quarter of 2018[28] - The company's total liabilities decreased to CNY 631,598,521.49 from CNY 775,789,691.79, a reduction of approximately 18.6%[32] - Current assets totaled CNY 103,798,281.31, down from CNY 275,638,047.57, indicating a significant decline of 62.4%[30] - The company's total equity was reported at CNY -19,951,343.97, a decline from CNY 20,103,412.09 in the previous period[32] Inventory and Operating Costs - Inventory increased by 59.26% to CNY 52,000,000, attributed to the resumption of production in the urea production system[14] - Operating costs rose by 16.46% to CNY 7,158,000, driven by increased production costs and raw material prices[14] - Total operating costs increased to CNY 98,036,522.48, up 30.0% from CNY 75,420,740.35 in the previous period[33] - The company reported a total operating cost of CNY 50,878,674.24, which is an increase from CNY 41,074,274.87 in the previous period[37] - Inventory increased to CNY 40,731,564.12 from CNY 27,634,927.56, reflecting a rise of 47.3%[30] Shareholder Information and Corporate Actions - The number of ordinary shareholders at the end of the reporting period was 29,729, with the largest shareholder holding 29.59% of the shares[10] - The company applied to revoke the delisting risk warning on February 27, 2018, after achieving positive net profit and net assets for the 2017 fiscal year[16] - The company has been actively communicating with shareholders regarding the progress of revoking the delisting risk warning[21] - The company reported a total of 1,043,000 shares held in Wanhu Chemical, representing 0.04% of the total shares, with a book value of ¥38,006,920.00[19] Financial Management and Expenses - Management expenses increased by 55.31% to CNY 767,000, mainly due to higher employee compensation and intermediary fees[15] - The financial expenses for the quarter were CNY 6,168,084.37, an increase from CNY 4,941,746.85 in the previous period[33] - The financial expenses for the current period were CNY 5,993,588.71, compared to CNY 4,629,180.64 in the previous period, reflecting an increase[37] - The company experienced a 99.75% decrease in non-operating income, down to CNY 1,000, due to last year's debt restructuring gains[15] Asset Impairment and Tax - The company reported an asset impairment loss of CNY 11,783,138.11, significantly higher than CNY 2,545,571.33 in the previous period[33] - The company reported an asset impairment loss of CNY 6,326,311.11, which increased from CNY 2,545,571.33 in the previous period[37] - Deferred income tax liabilities remained stable at CNY 174,702.50, unchanged from the previous period[32] Compliance and Investment Strategy - The company has not experienced any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[18] - There were no derivative investments during the reporting period, indicating a conservative investment strategy[20] - The company has not reported any violations regarding external guarantees during the reporting period[22] - The first quarter report was not audited, which may affect the reliability of the financial data presented[44]