KCGJ(SH:600097)2019-04-19 16:00Financial Performance - Operating revenue for the period was CNY 382,924,741.13, representing a year-on-year increase of 2.96%[7] - The net profit attributable to shareholders of the listed company was CNY -24,705,386.06, showing a slight deterioration compared to CNY -24,575,142.55 in the previous year[7] - The company reported a total comprehensive loss of approximately -¥42.30 million for Q1 2019, compared to -¥37.99 million in Q1 2018[29] - Basic and diluted earnings per share for Q1 2019 remained at -¥0.10, unchanged from Q1 2018[30] - The company reported non-operating income of CNY 178,074.74 for the period[7] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,320,202,279.76, an increase of 0.58% compared to the end of the previous year[7] - Total liabilities reached CNY 688,671,315.11, compared to CNY 641,365,439.16 at the end of 2018, indicating an increase of about 7.4%[21] - Current liabilities increased to CNY 337,993,934.55 from CNY 283,644,337.96, reflecting a rise of approximately 19.2%[20] - Non-current assets totaled CNY 1,177,982,055.65, slightly down from CNY 1,182,433,500.15 at the end of 2018[20] - The total liabilities and shareholders' equity amounted to CNY 2,320,202,279.76, consistent with total assets[21] Cash Flow - Net cash flow from operating activities was CNY 14,713,311.38, a significant decrease of 77.55% compared to the same period last year[7] - The company reported a net cash outflow from operating activities of ¥14,713,311.38, a 77.55% decrease from ¥65,545,055.79, primarily due to increased purchases during the reporting period[12] - The net cash flow from investing activities was -¥53,024,625.93, compared to -¥18,287,738.88 in the same period last year, indicating a significant increase in cash outflow[35] - Total cash inflow from operating activities was ¥402,691,857.66, while cash outflow was ¥387,978,546.28, resulting in a net cash inflow of ¥14,713,311.38[34] - The company reported a decrease in cash flow from operating activities due to increased payments to employees, which rose to ¥54,472,586.23 from ¥44,324,101.86 in Q1 2018[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,065[9] - The largest shareholder, Shanghai Ocean Fishery Co., Ltd., held 42.26% of the shares, totaling 101,811,538 shares[9] - Shareholders' equity decreased to CNY 1,631,530,964.65 from CNY 1,665,357,614.55, a decline of approximately 2.0%[21] - The company’s total equity attributable to shareholders was CNY 1,598,995,498.11, down from CNY 1,643,356,796.74[21] Investments and Acquisitions - The company completed the acquisition of 70% of FCS for CAD 7.7 million, with plans to acquire the remaining 30% within five years based on FCS's operational performance[15] - The investment cash flow net outflow increased by 189.95% to -¥53,024,625.93 from -¥18,287,738.88, mainly due to the acquisition of FCS[12] Other Financial Metrics - The weighted average return on net assets improved by 0.13 percentage points to -1.51%[7] - Other comprehensive income decreased by 58.06% to ¥14,199,912.36 from ¥33,855,824.93, primarily due to exchange rate fluctuations[12] - Minority interests increased by 47.88% to ¥32,535,466.54 from ¥22,000,817.81, mainly due to the consolidation of FCS[12] - The company reported a significant increase in tax expenses, with income tax expenses rising by 845.02% to ¥2,968,599.26 from ¥314,129.84, mainly due to increased income tax from ALBO[12] Construction and Projects - The company plans to delay the construction of the Zhoushan tuna processing base to June 30, 2020, due to market conditions and cost factors[15]