BIRD(SH:600130)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -3,493,884.30, a decline of 151.27% year-on-year[5] - Operating revenue fell by 16.64% to CNY 135,287,712.72 compared to the same period last year[5] - Basic and diluted earnings per share were both CNY -0.005, a decrease of 155.56% compared to the previous year[5] - The company's net profit attributable to shareholders for the first half of 2019 is expected to be a loss, primarily due to a continuous decline in sales scale and reduced gross profit[11] - Total operating revenue for Q1 2019 was ¥135,287,712.72, a decrease of 16.66% compared to ¥162,294,097.51 in Q1 2018[22] - Net profit for Q1 2019 was a loss of ¥3,493,884.30, compared to a profit of ¥6,815,255.21 in Q1 2018, representing a significant decline[23] - Total comprehensive income for Q1 2019 was ¥74,391,515.81, up from ¥50,760,039.68 in Q1 2018, indicating a growth of 46.7%[26] Assets and Liabilities - Total assets decreased by 2.34% to CNY 1,023,815,136.29 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 31.36% to CNY 181,247,454.57 due to bank wealth management purchases[10] - Inventory decreased by 32.46% to CNY 31,991,072.35, attributed to reduced stockpiling[10] - The total liabilities as of March 31, 2019, were ¥151,559,640.54, a decrease from ¥172,686,012.96 at the end of 2018[16] - The company's total assets decreased to ¥881,343,165.93 in Q1 2019 from ¥913,866,990.42 in Q1 2018, a reduction of 3.55%[20] - Total liabilities decreased to ¥86,087,452.73 in Q1 2019 from ¥193,002,793.03 in Q1 2018, a decrease of 55.32%[20] Cash Flow - Net cash flow from operating activities increased by 56.80% to CNY 14,258,624.14 year-on-year[5] - The company's cash flow from operating activities for Q1 2019 was ¥14,258,624.14, an increase of 56.80% compared to ¥9,093,683.85 in the same period last year[11] - The net cash flow from operating activities was -139,524,975.25 RMB, a significant decrease compared to 55,373,620.48 RMB in the previous year[31] - Total cash outflow from operating activities reached 167,982,533.64 RMB, up from 78,380,106.58 RMB year-over-year[31] - Cash inflow from investment activities totaled 227,427,909.80 RMB, compared to 189,062,260.27 RMB in the previous year[31] Expenses - Sales expenses decreased by 56.10% to ¥632,722.67 from ¥1,441,234.15 year-on-year, attributed to a reduction in sales scale and promotional activities[11] - Financial expenses decreased by 61.69% to ¥727,809.73 from ¥1,899,548.52 year-on-year, mainly due to changes in exchange rates affecting foreign exchange gains and losses[11] - Research and development expenses for Q1 2019 were ¥3,693,861.04, down 22.86% from ¥4,784,519.11 in Q1 2018[22] - The company's management expenses increased to ¥4,018,573.24, up 29.7% from ¥3,095,785.04 in Q1 2018[25] Other Financial Metrics - The weighted average return on equity decreased by 1.21 percentage points to -0.40%[5] - The company reported an asset impairment loss of ¥4,622,562.59, an increase of 78.90% compared to ¥2,583,952.78 in the same period last year[11] - Other income decreased by 92.36% to ¥381,574.42 from ¥4,994,204.12 year-on-year, primarily due to a reduction in government subsidies[11] - The company reported a significant asset impairment loss of ¥2,908,968.58 in Q1 2019, compared to a gain of ¥49,494,595.30 in Q1 2018[25] Shareholder Information - The total number of shareholders was 86,654 at the end of the reporting period[9]