ST九有(600462) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue fell by 77.21% to CNY 90,673,040.94 compared to the same period last year[7] - Net profit attributable to shareholders was -CNY 5,411,828.16, a decrease of 1,107.85% year-on-year[7] - Basic earnings per share were -CNY 0.01, a decrease of 1,100.00% compared to the same period last year[7] - Total operating revenue for Q1 2019 was ¥90,673,040.94, a decrease of 77.25% compared to ¥397,875,668.82 in Q1 2018[29] - Net profit for Q1 2019 was a loss of ¥6,619,441.52, compared to a profit of ¥3,411,029.83 in Q1 2018, indicating a significant decline[30] - The total equity attributable to shareholders was ¥38,949,333.53, down from ¥40,956,075.42 in Q1 2018[29] - The company reported a gross loss of ¥6,213,686.66 in Q1 2019, compared to a gross profit of ¥4,423,042.75 in Q1 2018[29] Cash Flow - Net cash flow from operating activities decreased by 90.68% to CNY 3,692,965.93 compared to the previous year[7] - In Q1 2019, the company reported cash inflows from operating activities of CNY 118,975,659.36, a significant decrease of 93.68% compared to CNY 1,880,018,184.05 in Q1 2018[36] - The net cash flow from operating activities was CNY 3,692,965.93, down 90.66% from CNY 39,636,547.70 in the same period last year[37] - Cash inflows from financing activities totaled CNY 5,000,000.00, a decrease of 99.38% from CNY 809,042,056.63 in the previous year[38] - The net cash flow from financing activities was CNY -3,589,954.98, compared to CNY -232,432,490.39 in Q1 2018, indicating a worsening cash position[38] Assets and Liabilities - Total assets decreased by 16.77% to CNY 288,311,059.13 compared to the end of the previous year[7] - Total current assets decreased to CNY 188.94 billion from CNY 245.42 billion, a decline of approximately 23% year-over-year[20] - Total liabilities decreased to CNY 289.26 billion from CNY 329.22 billion, a decline of about 12%[22] - Short-term borrowings increased to CNY 8.50 billion from CNY 4.00 billion, an increase of 112.5%[21] - The company reported a net loss of CNY 1.20 billion in retained earnings, compared to a loss of CNY 1.18 billion in the previous period[22] Shareholder Information - The total number of shareholders was 36,873 at the end of the reporting period[12] - The top ten shareholders held a total of 19.06% of shares, with Tianjin Shengxin Yuantong Co., Ltd. holding 101,736,904 shares[12] Operational Changes - The company was unable to consolidate the financials of its subsidiary, Shenzhen Runtai Supply Chain Management Co., due to operational disruptions and legal issues[13] - Operating revenue decreased by 77.21% year-on-year, mainly due to the non-consolidation of the profit and loss statement of Run Tai Supply Chain, with a comparable increase of 0.76% after excluding this factor[14] - Operating costs decreased by 77.92% year-on-year, with a comparable increase of 5.40% after excluding the non-consolidation of Run Tai Supply Chain's profit and loss statement[14] - Sales expenses decreased by 65.07% year-on-year, with a significant increase of 282.50% after excluding the non-consolidation factor, mainly due to increased salaries in the sales department of Hanno Ruiya[15] - R&D expenses decreased by 50.45% year-on-year, primarily due to reduced R&D investment by the subsidiary Bo Li Xin[15] Asset Composition - Prepayments decreased by 86.90% compared to the beginning of the year, mainly due to the acquisition of a 57% stake in Beijing Hanno Ruiya Public Relations Consulting Co., Ltd. by the subsidiary Jiu You Supply Chain through the transfer of a debt of RMB 11.5 million[14] - Other current assets decreased by 51.02% compared to the beginning of the year, primarily due to a reduction in deductible input tax[14] - Intangible assets increased by 155.80% compared to the beginning of the year, mainly due to the increase in intangible assets of the subsidiary Hanno Ruiya[14] - Total non-current assets decreased slightly to CNY 99.37 billion from CNY 100.97 billion, a decrease of about 1.6%[21] Financial Management - The company is focusing on improving cash flow management and reducing operational costs in response to the significant decline in revenue and cash inflows[36]