航天机电(600151) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 1,387,225,551.32, down 3.85% year-on-year[13] - Net profit attributable to shareholders was a loss of CNY 103,092,978.57, an improvement from a loss of CNY 134,573,569.02 in the same period last year[13] - The basic earnings per share for the period were CNY -0.0719, an improvement from CNY -0.0938 in the same period last year[13] - The net loss for Q1 2019 was CNY -281,984,483.66, an improvement compared to a net loss of CNY -341,453,632.14 in Q1 2018[46] - The net loss for Q1 2019 was ¥24,408,689.76, compared to a net loss of ¥14,495,266.76 in Q1 2018, indicating a worsening performance[54] - The total comprehensive loss for Q1 2019 was ¥24,408,689.76, compared to a total comprehensive loss of ¥14,495,266.76 in Q1 2018[57] Cash Flow - The net cash flow from operating activities was a negative CNY 138,386,402.63, compared to a negative CNY 436,285,955.88 in the previous year[13] - The net cash flow from operating activities improved by ¥297,899,553.25, reaching -¥138,386,402.63 compared to -¥436,285,955.88 in the previous year, due to the exclusion of Shanghai Solar Energy from the consolidated financial statements[29] - Total cash inflow from operating activities was 1,599,480,040.16 RMB, while cash outflow was 1,737,866,442.79 RMB, resulting in a net cash outflow of 138,386,402.63 RMB[61] - The company reported a total cash outflow of 1,737,866,442.79 RMB from operating activities, which is a decrease compared to 2,191,544,591.19 RMB in the previous period[61] - The cash outflow for purchasing goods and services was 1,283,150,621.87 RMB, compared to 1,699,178,977.52 RMB in the previous period, indicating a reduction in expenses[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,223,047,185.48, a decrease of 2.13% compared to the end of the previous year[13] - The company's total assets decreased to approximately ¥11.22 billion from ¥11.47 billion, a decline of about 2.2%[41] - Total current assets amounted to approximately CNY 4.66 billion, with inventory valued at CNY 850.58 million[71] - Total liabilities as of March 31, 2019, were approximately ¥4.85 billion, an increase of about 1.76% from ¥4.77 billion at the end of 2018[41] - The company's long-term borrowings increased to approximately ¥959.72 million, up from ¥832.86 million, reflecting a growth of about 15.2%[41] - Total current liabilities were approximately CNY 3.43 billion, with short-term borrowings at CNY 868.29 million[74] Shareholder Information - The company had a total of 119,649 shareholders at the end of the reporting period[16] - The largest shareholder, Shanghai Aerospace Industry (Group) Co., Ltd., held 28.34% of the shares, amounting to 406,499,855 shares[16] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 1,363,204.81, primarily for research funding and financial support[15] - Research and development expenses decreased by 43.17%, totaling ¥53,321,965.27 compared to ¥93,831,664.31, also attributed to the exclusion of certain subsidiaries from the consolidation[23] - Financial expenses saw a reduction of 60.50%, amounting to ¥29,008,788.20, down from ¥73,434,748.70, primarily due to decreased exchange losses from subsidiaries[23] Legal Proceedings - The company is currently engaged in legal proceedings regarding subsidy standards related to the MILIS project, with ongoing negotiations and awaiting court decisions[31]