大唐电信(600198) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 347,241,301.49, down 38.52% from CNY 564,826,592.24 in the same period last year[12]. - Net profit attributable to shareholders of the listed company was a loss of CNY 155,849,062.06, compared to a loss of CNY 153,138,926.35 in the same period last year[12]. - The company’s investment income for the reporting period decreased by ¥92,470,413.42, a decline of 190.04% compared to the previous year[26]. - The company anticipates continued losses in cumulative net profit until the next reporting period due to high fixed expenses and ongoing R&D investments[30]. - The company reported a net loss of RMB 4,562,180,879.24, compared to a loss of RMB 4,406,331,817.18 in the previous year[40]. - The total comprehensive loss for Q1 2019 was CNY -165,762,373.64, compared to CNY -158,365,964.73 in Q1 2018[52]. Cash Flow - The net cash flow from operating activities was a negative CNY 86,239,280.14, worsening from a negative CNY 73,607,685.62 in the same period last year[12]. - Cash flow from operating activities in Q1 2019 was CNY 433,701,580.63, down 41.7% from CNY 743,643,310.66 in Q1 2018[57]. - The net cash flow from financing activities improved by ¥416,401,614.64 compared to the previous year, reflecting a significant reduction in loan repayments[29]. - The net cash flow from operating activities was -86,239,280.14, compared to -73,607,685.62 in the previous period, indicating a decline in operational cash flow[61]. - The cash flow from investment activities showed a net outflow of -3,564,278.86, compared to -47,730,135.13 in the previous period, indicating a reduction in investment expenditures[61]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,226,189,862.43, a decrease of 2.22% compared to the end of the previous year[12]. - Current assets totaled RMB 3,667,293,778.21, a decrease of 2.52% from RMB 3,762,566,526.22 in the previous year[35]. - Total liabilities amounted to RMB 6,774,015,907.34, a slight increase from RMB 6,772,501,187.91, reflecting a growth of 0.02%[40]. - Total equity decreased to RMB 452,173,955.09 from RMB 617,936,328.73, a decline of 26.73%[40]. - The company reported a total asset of ¥7,898,814,250.09, down from ¥7,992,345,967.42[45]. - Total liabilities reached approximately ¥4.71 billion[77]. Shareholder Information - The total number of shareholders at the end of the reporting period was 68,270[19]. - The top shareholder, Telecom Science and Technology Research Institute, held 151,252,178 shares, representing 17.15% of the total shares[19]. - Shareholders' equity totaled approximately $3.29 billion, with retained earnings showing a deficit of about $1.34 billion[79]. Expenses - The company’s employee compensation payable increased by ¥27,115,605.98, an increase of 97.80% compared to the beginning of the year[22]. - The company’s sales expenses decreased by ¥27,399,776.92, a decline of 40.14% compared to the previous year[26]. - The company’s tax expenses increased by ¥6,165,373.99, an increase of 236.39% compared to the previous year, due to improved profitability in certain units[26]. - Financial expenses for Q1 2019 were CNY 26,881,799.86, down 31.4% from CNY 39,167,583.22 in Q1 2018[55]. Investments and Development - The company reported a significant increase in other current assets, which rose by ¥20,432,441.94, an increase of 56.87% compared to the beginning of the year[22]. - The company’s development expenditure increased to RMB 268,962,907.72 from RMB 237,266,506.81, an increase of 13.43%[38]. - Research and development expenses for Q1 2019 were ¥30,767,173.56, a decrease from ¥32,787,821.70 in Q1 2018[50]. Financial Position - The weighted average return on net assets was -126.58%[12]. - Basic and diluted earnings per share were both -0.1767 CNY[12]. - The company has a long-term debt of approximately ¥180 million and bonds payable of approximately ¥496.48 million[69]. - The company has reported a goodwill of approximately ¥759.53 million, reflecting its acquisitions and market positioning[68].