苏豪弘业(600128) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 35.07% to CNY 796,863,378.86 compared to the same period last year[13] - Net profit attributable to shareholders was a loss of CNY 4,834,385.65, compared to a loss of CNY 18,837,449.94 in the same period last year[13] - Basic and diluted earnings per share were both CNY -0.0196, compared to CNY -0.0763 in the same period last year[13] - The company reported a significant increase in other income, reaching CNY 16,622,006.76, up 4798.91% from CNY 339,300.00[23] - The fair value change income is CNY 3,435,194.03, a 124.42% increase compared to CNY 1,530,699.70 in the previous year[23] - Total operating revenue for Q1 2019 was ¥796,863,378.86, a decrease of 35.1% compared to ¥1,227,294,850.35 in Q1 2018[40] - Net profit for Q1 2019 was a loss of ¥10,077,876.25, an improvement from a loss of ¥22,441,539.05 in Q1 2018[41] - The company reported a gross profit margin of 10.2% in Q1 2019, compared to a negative margin in Q1 2018[40] - Total comprehensive income for Q1 2019 was a loss of ¥8,014,307.02, compared to a loss of ¥26,220,785.08 in Q1 2018[41] Assets and Liabilities - Total assets increased by 10.41% to CNY 3,332,378,595.06 compared to the end of the previous year[13] - The total assets at the end of the reporting period amount to CNY 1,717,497,188.77, down from CNY 1,798,422,684.97 at the end of the previous year[30] - Current liabilities decreased to CNY 1,237,879,490.00 from CNY 1,400,899,147.44, a reduction of about 11.6%[31] - Non-current liabilities increased to CNY 234,074,717.33 from CNY 155,360,265.32, reflecting an increase of approximately 50.7%[32] - Total liabilities decreased to CNY 1,471,954,207.33 from CNY 1,556,259,412.76, a decrease of about 5.4%[32] - Total current assets increased by 101,299,687.69 to 594,192,004.19 as of January 1, 2019, compared to December 31, 2018[57] - Total non-current assets decreased by 85,987,165.29 to 1,369,494,668.61 as of January 1, 2019, compared to December 31, 2018[57] Shareholder Information - The total number of shareholders was 38,073 at the end of the reporting period[18] - The top shareholder, Jiangsu Suhao Holding Group Co., Ltd., held 53,820,061 shares, accounting for 21.81% of the total shares[18] - Owner's equity rose to CNY 1,860,424,387.73 from CNY 1,461,961,865.53, marking an increase of about 27.3%[32] - Shareholders' equity rose from CNY 1,461,961,865.53 to CNY 1,868,438,694.75, an increase of CNY 406,476,829.22[55] Cash Flow - The net cash flow from operating activities is CNY -9,706,336.78, an improvement from CNY -146,009,737.20 in the previous year[23] - In Q1 2019, the cash inflow from operating activities was CNY 1,034,322,189.46, a decrease of 20% compared to CNY 1,292,908,129.88 in Q1 2018[47] - The cash inflow from financing activities was CNY 70,203,952.53, down 43% from CNY 122,956,577.79 in Q1 2018[48] - The total cash and cash equivalents at the end of Q1 2019 were CNY 466,358,941.09, compared to CNY 371,856,497.77 at the end of Q1 2018, reflecting a 25.4% increase[48] Operational Efficiency - The weighted average return on net assets improved by 1.0662 percentage points to -0.3136%[13] - The company achieved an operating profit of ¥6,999,967.92 in Q1 2019, compared to an operating loss of ¥21,385,157.40 in Q1 2018[40] - The company reported a significant reduction in sales expenses, totaling ¥54,356,923.29 in Q1 2019, compared to ¥57,274,762.20 in Q1 2018[40] Government Support and Regulations - The company received government subsidies amounting to CNY 16,622,006.76 related to property demolition compensation[15] - The company is currently undergoing a non-public issuance of A-shares, which is still under review by the China Securities Regulatory Commission, introducing uncertainty regarding approval[24] - The company executed new financial instrument standards, resulting in a complete write-off of certain financial assets and liabilities, including a CNY 139,634,624.01 decrease in available-for-sale financial assets[22] - The company did not apply retrospective adjustments for the new financial instrument and lease standards[60]