鑫科材料(600255) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 35.36% to CNY 804,342,874.98 compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was a loss of CNY 39,967,079.27, compared to a profit of CNY 498,219.23 in the previous year[5] - Cash flow from operating activities decreased by 8.79% to CNY 232,781,546.85 compared to the same period last year[5] - Revenue for Q1 2019 was approximately ¥804.34 million, a decrease of 35.36% compared to ¥1,244.39 million in Q1 2018[13] - The company reported a net loss of CNY 34,448,587.25 for Q1 2019, compared to a net profit in Q1 2018[26] - The company's operating profit for Q1 2019 was a loss of ¥32,923,297.54, compared to a profit of ¥2,655,538.49 in Q1 2018[28] - The total profit for Q1 2019 was a loss of ¥33,085,126.11, contrasting with a profit of ¥7,454,294.04 in the same period last year[28] - The basic and diluted earnings per share for Q1 2019 were both -¥0.02, compared to ¥0.0003 in Q1 2018[28] Assets and Liabilities - Total assets increased by 0.91% to CNY 4,504,377,487.48 compared to the end of the previous year[5] - The total liabilities as of March 31, 2019, amounted to CNY 2,111,965,591.54, compared to CNY 2,025,893,316.40 at the end of 2018, indicating an increase of 4.3%[20] - The total assets as of March 31, 2019, were CNY 2,999,898,330.99, up from CNY 2,868,996,518.77 at the end of 2018, representing a growth of 4.6%[22] - The company's total equity decreased to CNY 2,053,433,988.20 as of March 31, 2019, from CNY 2,059,979,331.25 at the end of 2018, a decline of 0.3%[23] Cash Flow - Cash flow from operating activities saw a drastic decline, with cash received from operating activities dropping by 90.04% to ¥7.97 million from ¥79.99 million in the previous year[14] - Cash inflow from operating activities for Q1 2019 was CNY 1,283,480,605.05, a decrease of 24.6% compared to CNY 1,704,952,649.39 in Q1 2018[34] - Net cash outflow from investing activities was CNY -42,184,184.61, compared to CNY -12,004,263.93 in the previous year, indicating a significant increase in investment expenditures[35] - The total cash and cash equivalents at the end of Q1 2019 was CNY 126,289,706.93, down from CNY 238,746,131.17 at the end of Q1 2018[35] - The company reported a net cash flow from operating activities of CNY 84,847,032.09 for Q1 2019, a recovery from a negative cash flow of CNY -15,859,750.01 in Q1 2018[37] Shareholder Information - The number of shareholders reached 171,922 at the end of the reporting period[8] Research and Development - R&D expenses surged to ¥20.06 million, reflecting a significant increase of 1284.43% from ¥1.45 million in Q1 2018[13] - Research and development expenses increased significantly to CNY 20,058,725.36 in Q1 2019, compared to CNY 1,448,879.75 in Q1 2018, marking a rise of 1282.5%[26] Other Financial Metrics - The weighted average return on net assets was -1.79%, down from 0.01% in the previous year[5] - Financial expenses decreased by 60.47% to ¥11.74 million, compared to ¥29.70 million in Q1 2018, primarily due to reduced interest expenses[13] - The asset impairment loss for Q1 2019 was ¥11,702,394.79, compared to a gain of ¥6,008,935.44 in Q1 2018, indicating a negative shift[28] - The company experienced a decrease in employee compensation payable by 43.29% to CNY 10,929,912.94, attributed to the payment of last year's bonuses[12]