创兴资源(600193) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue surged by 2,495.78% to CNY 54,028,808.15 year-on-year[5] - Net profit attributable to shareholders was CNY 1,550,914.41, a significant recovery from a loss of CNY 3,457,453.41 in the same period last year[5] - The weighted average return on net assets improved by 2.64 percentage points to 0.72%[5] - Operating profit for Q1 2019 was ¥3,345,122.24, a turnaround from a loss of ¥3,457,882.73 in the same period last year, driven by the growth in revenue[13] - Net profit for Q1 2019 was ¥1,550,914.41, compared to a net loss of ¥3,457,453.41 in Q1 2018, reflecting improved operational performance[13] - Total operating revenue for Q1 2019 was ¥54,028,808.15, a significant increase from ¥2,081,409.72 in Q1 2018[29] - Total operating costs amounted to ¥50,104,974.30, compared to ¥5,484,410.08 in the same period last year[29] - Total comprehensive income for Q1 2019 was ¥1,550,914.41, compared to a comprehensive loss of ¥3,457,453.41 in Q1 2018[30] - The company reported a total profit of ¥3,344,451.24 for Q1 2019, compared to a total loss of ¥3,457,453.41 in the same quarter last year[29] Cash Flow and Liquidity - Cash flow from operating activities showed a negative net amount of CNY -54,498,669.64, worsening from CNY -8,935,350.63 in the previous year[5] - The net cash flow from operating activities for Q1 2019 was -¥54,498,669.64, a decline from -¥8,935,350.63 in Q1 2018, mainly due to payments for raw materials and services[14] - The company reported a net cash flow from financing activities of ¥23,328,658.33 in Q1 2019, attributed to loans from financial institutions[14] - The net increase in cash and cash equivalents for the company was -¥31,199,391.31 in Q1 2019, compared to -¥8,935,350.63 in Q1 2018, indicating a decline in liquidity[36] - The ending balance of cash and cash equivalents was ¥12,236,127.40 as of the end of Q1 2019, down from ¥52,625,516.39 at the end of Q1 2018[36] - The company recorded cash inflows from financing activities of ¥23,500,000.00 in Q1 2019, with net cash flow from financing activities amounting to ¥23,328,658.33 after outflows of ¥171,341.67[36] Assets and Liabilities - Total assets increased by 2.51% to CNY 349,392,177.13 compared to the end of the previous year[5] - Total liabilities rose to CNY 134,374,885.52 from CNY 127,422,022.00, indicating an increase of about 5.57%[21] - The company's equity attributable to shareholders decreased to CNY 215,017,291.61 from CNY 213,412,797.20, reflecting a decline of approximately 0.75%[21] - Total current liabilities increased to CNY 134,374,885.52 from CNY 127,422,022.00, marking an increase of approximately 5.57%[21] - Total non-current assets amounted to CNY 300,491,870.72, remaining relatively stable compared to CNY 300,492,541.72[24] - The total liabilities and equity reached CNY 349,392,177.13, consistent with total assets, indicating a balanced sheet[21] Shareholder Information - The number of shareholders reached 39,752, indicating a broadening of the shareholder base[8] - The top ten shareholders collectively hold 49.53% of the total shares, with the largest shareholder owning 14.70%[8] Legal and Acquisition Activities - The company has reached settlements in 8 litigation cases during the reporting period, paying a total of ¥1,090,200.00 in compensation[16] - The company is in the process of acquiring 100% equity of Shanghai Shangyuan Architectural Technology Co., Ltd., with due diligence ongoing[16] - The company has signed a framework agreement for related construction projects with Shanghai Baihuixingrong Investment Holding Co., Ltd., which has been approved by the board[17] - The expected future compensation amount for unresolved litigation cases is estimated at ¥1,938,930.00 based on the first-instance judgment results[16] Other Financial Metrics - Basic and diluted earnings per share for Q1 2019 were both ¥0.004, compared to a loss of ¥0.008 per share in Q1 2018[30] - Management expenses increased to ¥3,467,136.17 from ¥3,743,116.55 year-over-year[29] - Financial expenses for Q1 2019 were ¥271,236.90, compared to a negative expense of -¥34,291.85 in Q1 2018[29] - Investment loss for Q1 2019 was ¥578,711.61, compared to a loss of ¥54,882.37 in the previous year[29] Current Assets and Receivables - Accounts receivable increased by 75.26% to CNY 32,880,515.38, primarily due to the recognition of receivables from engineering progress[11] - The company reported a decrease in cash and cash equivalents by 71.83% to CNY 12,236,127.40, mainly due to procurement activities[11] - Other receivables decreased slightly from CNY 20,059,222.89 to CNY 19,358,107.89, a reduction of about 3.48%[24] - The company reported a total current asset of CNY 20,074,715.75, down from CNY 20,775,427.83, a decrease of about 3.38%[24] Parent Company Performance - The company’s net cash flow from operating activities for the parent company was -¥179,668.76 in Q1 2019, slightly improved from -¥232,241.83 in Q1 2018[38] - The parent company reported cash inflows from operating activities of ¥3,871,093.23 in Q1 2019, compared to ¥1,001,117.01 in Q1 2018, marking a growth of approximately 287%[37] - The parent company’s cash outflows from operating activities totaled ¥4,050,761.99 in Q1 2019, up from ¥1,233,358.84 in Q1 2018[38] - The ending balance of cash and cash equivalents for the parent company was ¥34,768.77 at the end of Q1 2019, down from ¥960,131.41 at the end of Q1 2018[38] Product Development and Market Expansion - The company did not report any significant new product developments or market expansions during this quarter[39]