新疆天业(600075) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 83.58% to CNY 25,880,275.70 year-on-year [9]. - Operating revenue declined by 11.38% to CNY 1,004,174,496.94 compared to the same period last year [9]. - The total profit amounted to 26.10 million yuan, down 86.09% year-on-year [16]. - The company reported a decrease in contract liabilities from CNY 28,178,527.16 to CNY 11,924,886.01, a decline of about 57.7% [31]. - Net profit for Q1 2019 was CNY 17,560,515.58, a significant decline of 88.7% from CNY 155,260,591.83 in Q1 2018 [35]. - Operating profit for Q1 2019 was CNY 26,545,400.29, a decrease of 85.7% compared to CNY 185,061,798.31 in Q1 2018 [35]. - The company reported a basic and diluted earnings per share of CNY 0.03 for Q1 2019, down from CNY 0.16 in Q1 2018 [36]. Cash Flow and Liquidity - Net cash flow from operating activities turned negative at CNY -55,737,569.91, a decrease of 467.04% year-on-year [9]. - The company’s cash flow from operating activities was -55.74 million yuan, a decrease of 467.04% compared to the same period last year [18]. - The ending balance of cash and cash equivalents was 122,731,797.34 RMB, down from 181,046,283.86 RMB in Q1 2018, reflecting a decline of approximately 32.2% [46]. - The company experienced a negative impact of -100,664,638.35 RMB from foreign exchange fluctuations on cash and cash equivalents [46]. - Total cash inflow from operating activities was 1,337,362,986.22 RMB, down 12.6% from 1,531,222,966.63 RMB in the same period last year [45]. - Cash outflow from operating activities totaled 1,393,100,556.13 RMB, a decrease of 8.1% compared to 1,516,037,076.09 RMB in Q1 2018 [45]. - The company reported a net cash flow from investing activities of -72,975,472.84 RMB, an improvement from -222,361,776.43 RMB in Q1 2018 [45]. - The net cash flow from financing activities was 28,048,404.40 RMB, a decrease of 72.3% compared to 101,099,823.82 RMB in Q1 2018 [45]. Assets and Liabilities - Total assets increased by 1.95% to CNY 8,826,390,575.29 compared to the end of the previous year [9]. - Total liabilities increased to CNY 3,623,042,783.97 from CNY 3,472,502,544.42, representing a growth of approximately 4.34% year-over-year [27]. - Current assets rose to CNY 2,904,724,173.92 from CNY 2,716,698,806.77, an increase of about 6.5% compared to the previous year [29]. - Total equity attributable to shareholders rose to CNY 4,823,324,378.06 from CNY 4,796,455,669.43, a growth of approximately 0.56% [27]. - Long-term borrowings increased by 50% to CNY 600,000,000.00, reflecting new bank loans [14]. - Short-term borrowings increased to 1,028.00 million yuan from 828.00 million yuan, reflecting a rise in financial liabilities [25]. Operational Highlights - The company is focusing on divesting non-core and loss-making assets to enhance market competitiveness [19]. - A new project for a 600,000 tons/year ethylene glycol facility is progressing as planned, entering the full installation phase [19]. - The sales price of caustic soda decreased by 556.17 yuan/ton, and sales volume dropped by 12,000 tons, directly impacting profits by 46.21 million yuan [16]. - Research and development expenses were CNY 4,219,710.19, slightly up from CNY 4,135,693.55 in the previous year [35]. - Sales expenses increased to CNY 87,141,626.30, compared to CNY 72,295,676.63 in Q1 2018, reflecting a rise of 20.5% [35].