长春一东(600148) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 60.60% to CNY 5,649,720.27 year-on-year[5] - Operating revenue declined by 11.67% to CNY 216,305,756.86 compared to the same period last year[5] - The basic earnings per share dropped by 60.40% to CNY 0.040[5] - Total operating revenue for Q1 2019 was CNY 216,305,756.86, a decrease of 11.7% compared to CNY 244,886,645.10 in Q1 2018[23] - Net profit for Q1 2019 was CNY 11,370,372.77, a decline of 46.6% from CNY 21,212,908.97 in Q1 2018[24] - Earnings per share for Q1 2019 were CNY 0.040, compared to CNY 0.101 in Q1 2018[24] - Revenue for Q1 2019 was ¥102,428,141.49, a decrease of 10.5% compared to ¥114,674,797.99 in Q1 2018[26] - Operating profit for Q1 2019 was ¥433,356.79, down 94.5% from ¥7,855,005.19 in Q1 2018[26] - Net profit for Q1 2019 was ¥422,848.03, a decline of 94.5% compared to ¥7,774,556.38 in Q1 2018[27] - Basic and diluted earnings per share for Q1 2019 were both ¥0.003, down from ¥0.05 in Q1 2018[27] Assets and Liabilities - Total assets increased by 3.33% to CNY 1,099,891,514.29 compared to the end of the previous year[5] - As of March 31, 2019, the company's total assets amounted to CNY 1,099,891,514.29, an increase from CNY 1,064,413,546.17 as of December 31, 2018[14] - The company's current assets totaled CNY 853,743,980.75, compared to CNY 812,182,516.84 at the end of 2018, reflecting a growth of approximately 5.8%[14] - Total liabilities were CNY 569,624,438.20, up from CNY 545,814,563.50, which is an increase of about 4.4%[16] - Total assets decreased to CNY 632,385,214.00 in Q1 2019 from CNY 642,755,516.57 in Q1 2018, a reduction of 1.8%[20] - Total liabilities decreased to CNY 314,590,906.55 in Q1 2019 from CNY 325,714,344.03 in Q1 2018, a decline of 3.5%[20] Cash Flow - Cash flow from operating activities improved by 79.76%, reaching a net outflow of CNY 1,686,755.21[5] - Cash flow from operating activities in Q1 2019 was negative at -¥1,686,755.21, an improvement from -¥8,333,897.69 in Q1 2018[31] - The net cash flow from investing activities was -$139,512.03, compared to -$146,674.00 in the previous period, indicating a slight improvement[34] - The net cash flow from financing activities was -$7,836.80, with cash paid for dividends and interest amounting to $7,836.80[34] - The net increase in cash and cash equivalents was $6,272,782.04, contrasting with a decrease of -$7,819,420.45 in the prior period[34] - The ending balance of cash and cash equivalents was $19,086,244.73, compared to $19,043,983.86 at the end of the previous period[34] Shareholder Information - The number of shareholders reached 27,085 at the end of the reporting period[8] - The company has committed to not engaging in competitive businesses during the shareholder period, which began in April 1998 and is a long-term commitment[12] - There are no significant changes expected in net profit compared to the same period last year, indicating stability in financial performance[12] Expenses - Total operating costs for Q1 2019 were CNY 202,496,063.62, down 8.3% from CNY 220,875,786.97 in Q1 2018[23] - The company reported a decrease in sales expenses to CNY 17,834,284.42 in Q1 2019 from CNY 21,077,925.01 in Q1 2018, a reduction of 15.0%[23] - Research and development expenses increased to CNY 10,425,722.18 in Q1 2019, up from CNY 8,821,971.79 in Q1 2018, reflecting an increase of 18.1%[23] - Sales expenses decreased to ¥7,465,355.13 in Q1 2019, down 20.7% from ¥9,416,590.97 in Q1 2018[26] - Total operating expenses for Q1 2019 were ¥101,081,005.71, a decrease of 12.5% from ¥115,052,661.31 in Q1 2018[26] Receivables and Payables - Accounts receivable increased to CNY 589,813,011.77 from CNY 552,433,601.24, indicating a rise of approximately 6.8%[14] - Accounts receivable increased to CNY 175,246,429.19 in Q1 2019 from CNY 152,788,807.80 in Q1 2018, reflecting a growth of 14.7%[19] - The company reported a total of CNY 415,153,452.34 in accounts payable, which increased from CNY 393,449,308.66, showing a rise of about 5.5%[15] - Other receivables surged by 239.27% to CNY 3,211,617.88, attributed to unbilled social insurance fees[10] - Other current liabilities decreased by 30.78% to CNY 2,957,996.98, mainly due to reduced unbilled freight and unconfirmed commercial acceptance bills[10] Inventory - Inventory rose to CNY 161,124,077.77 from CNY 129,116,184.74, marking an increase of around 24.8%[14] - Inventory rose to CNY 69,869,476.23 in Q1 2019, up from CNY 54,802,302.95 in Q1 2018, indicating a 27.5% increase[19]