沧州大化(600230) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue fell by 52.34% to CNY 557,431,270.74 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 95.94% to CNY 16,139,040.40 compared to the same period last year[7] - Total revenue for Q1 2019 was CNY 557.43 million, a decrease of 52.4% compared to CNY 1,169.48 million in Q1 2018[26] - Operating profit for Q1 2019 was CNY 5.12 million, significantly lower than CNY 616.14 million in Q1 2018[27] - Net profit for Q1 2019 was CNY 9.45 million, down from CNY 462.14 million in Q1 2018, representing a decline of 98.0%[27] - Total operating revenue for Q1 2019 was ¥543.58 million, a decrease of 40% compared to ¥903.95 million in Q1 2018[30] - Net profit for Q1 2019 was ¥23.10 million, down 93% from ¥329.35 million in Q1 2018[31] - Operating profit for Q1 2019 was ¥27.17 million, a decline of 93.8% from ¥439.13 million in Q1 2018[30] - Total comprehensive income for Q1 2019 was ¥23.10 million, a decrease of 93% compared to ¥329.35 million in Q1 2018[31] Assets and Liabilities - Total assets decreased by 1.48% to CNY 4,545,921,641.51 compared to the end of the previous year[7] - Total assets as of March 31, 2019, amounted to ¥4,545,921,641.51, down from ¥4,614,027,210.46 at the end of 2018[22] - The company reported a decrease in total liabilities from ¥644,015,088.26 to ¥583,784,810.52[21] - Total liabilities decreased to CNY 841.60 million from CNY 870.92 million, a reduction of 3.4%[25] - The company reported a total equity of CNY 3.50 billion as of March 31, 2019, slightly up from CNY 3.49 billion at the end of 2018[25] - The total liabilities amounted to 644,015,088.26 RMB, showing a minor increase from 643,498,256.71 RMB[42] - The company has a deferred tax liability of approximately $50.04 million, showing a slight increase from the previous period[47] Cash Flow - The net cash flow from operating activities increased by 9.28% to CNY 73,828,775.67 compared to the same period last year[7] - Cash flow from investment activities was -¥9,455,291.19, a 750.58% increase in outflows compared to the previous period[13] - The net cash flow from investment activities was -9,257,022.74 RMB, indicating a significant outflow compared to the cash inflow of 13,929.06 RMB from asset disposals[38] - Cash and cash equivalents at the end of Q1 2019 totaled ¥1.77 billion, up from ¥618.75 million at the end of Q1 2018[35] - The total cash and cash equivalents at the end of the period amounted to 1,410,166,690.56 RMB, an increase of 62,908,417.67 RMB from the beginning balance[38] Shareholder Information - The number of shareholders reached 47,003 at the end of the reporting period[9] - The largest shareholder, Cangzhou Dahua Group Co., Ltd., holds 46.25% of the shares[9] Expenses - Management expenses decreased by 87.28% to ¥4,598,080.72 compared to the previous period[13] - R&D expenses increased by 331.29% to ¥1,954,531.62, indicating a significant boost in investment in innovation[13] - Financial expenses showed a drastic decline of 994.77%, resulting in a net income of -¥4,839,159.78[13] - Other income surged by 4945.86% to ¥630,783.21, reflecting substantial government subsidies received[13] - Research and development expenses for Q1 2019 were CNY 1.95 million, significantly higher than CNY 0.45 million in Q1 2018, marking a 333.3% increase[26] - The company incurred financial expenses of ¥3.86 million in Q1 2019, a significant reduction from ¥0.65 million in Q1 2018[30] Inventory and Receivables - Accounts receivable decreased by 98.92% to CNY 3,944,780.55 compared to the beginning of the year[12] - Inventory increased by 33.34% to CNY 114,884,825.46 compared to the beginning of the year[12] - Prepayments increased by 163.44% to CNY 126,847,832.61 compared to the beginning of the year[12] - Inventory as of March 31, 2019, was CNY 103.04 million, up from CNY 75.50 million, indicating a rise of 36.5%[24] - The company’s inventory stood at 86,158,068.10 RMB, remaining stable compared to previous periods[41] - Accounts receivable decreased significantly by approximately $337.30 million, with notes receivable accounting for $337.30 million and accounts receivable at $20.37 million[45]