华嵘控股(600421) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 42.22% to CNY 1,232,072.44 compared to the end of the previous year[6] - Operating revenue for the period was CNY 1,750,996.13, with no prior year comparison available[6] - Basic and diluted earnings per share were both CNY -0.005, compared to CNY -0.008 in the previous year[6] - The company faced delisting risk due to consecutive years of negative net profit and low operating revenue below CNY 10 million[10] - Non-recurring gains and losses amounted to CNY 33,614.01 for the period[7] - The company reported a net loss of CNY 430,362,439.82 as of March 31, 2019, compared to a loss of CNY 429,462,086.48 at the end of 2018, indicating a slight increase in losses[18] - Total operating revenue for Q1 2019 was CNY 1,750,996.13, with no comparison data provided for Q1 2018[25] - The operating profit for Q1 2019 was a loss of CNY 1,166,830.18, an improvement from a loss of CNY 2,109,967.26 in Q1 2018[26] - Net profit for Q1 2019 was a loss of CNY 1,133,216.17, compared to a loss of CNY 1,906,786.77 in Q1 2018, indicating a reduction in losses[26] - The net profit attributable to shareholders of the parent company for Q1 2019 was a loss of CNY 900,353.34, improved from a loss of CNY 1,559,357.11 in Q1 2018[27] Assets and Liabilities - Total assets increased by 8.38% to CNY 50,357,887.61 compared to the end of the previous year[6] - The total liabilities as of March 31, 2019, were CNY 39,537,910.01, compared to CNY 34,511,422.42 at the end of 2018, indicating a rise of about 14.8%[18] - The company's total current assets reached CNY 12,565,736.92, up from CNY 8,239,104.44 at the end of 2018, reflecting a growth of approximately 53.5%[16] - Total liabilities increased to CNY 40,489,825.64 in Q1 2019 from CNY 35,695,913.38 in Q1 2018[22] - Total equity decreased to CNY 3,505,458.07 in Q1 2019 from CNY 4,417,273.97 in Q1 2018[22] Cash Flow - Net cash flow from operating activities was CNY -3,464,497.07, worsening from CNY -220,998.23 in the previous year[6] - In Q1 2019, the company reported a net cash flow from operating activities of -3,464,497.07 RMB, compared to -220,998.23 RMB in Q1 2018, indicating a significant decline in operational cash flow[32] - Total cash inflow from operating activities was 3,172,670.64 RMB, while cash outflow was 6,637,167.71 RMB, resulting in a negative cash flow from operations[32] - The company recorded a cash inflow of 5,310,000.00 RMB from financing activities, which contributed positively to the overall cash position[34] - The net increase in cash and cash equivalents for the period was 1,793,052.93 RMB, compared to a decrease of 220,998.23 RMB in the same period last year[32] - The ending balance of cash and cash equivalents was 6,764,921.57 RMB, up from 2,172,698.16 RMB in Q1 2018[32] Shareholder Information - The total number of shareholders was 7,197, with the top ten shareholders holding a combined 56.46% of shares[9] - The largest shareholder, Zhejiang Hengshun Investment Co., Ltd., holds 19.50% of shares[9] Operational Costs - Total operating costs increased to CNY 2,917,826.31 in Q1 2019 from CNY 2,109,967.26 in Q1 2018, representing a significant rise[26] - Management expenses rose to CNY 882,099.30 in Q1 2019 from CNY 516,449.79 in Q1 2018, reflecting increased operational costs[30] - Financial expenses for Q1 2019 were CNY 29,716.60, up from CNY 657.30 in Q1 2018, indicating higher financing costs[30] Inventory and Receivables - Accounts receivable decreased to CNY 1,513,011.20 from CNY 2,012,287.76, a decline of approximately 25%[16] - The company's inventory surged to CNY 406,738.00 from CNY 16,080.00, indicating a significant increase of about 2435.5%[16] Business Operations - The company has indicated that its current business operations are limited, with the subsidiary Fuzeyuan (Beijing) Cultural Development Co., Ltd. having a small scale and limited profitability[11] - The company has not reported any significant changes in accounting items or financial indicators[10]