CORUN(SH:600478)2019-04-29 16:00Financial Performance - Operating revenue for the period was ¥349,579,945.84, representing a year-on-year increase of 5.79%[12] - Net profit attributable to shareholders of the listed company was -¥45,346,312.91, compared to -¥9,925,246.68 in the same period last year[12] - Basic and diluted earnings per share were both -¥0.031, compared to -¥0.007 in the same period last year[12] - The company reported a net loss of CNY -192,503,451.83 for Q1 2019, compared to a net loss of CNY -186,200,571.91 in Q1 2018[46] - Total revenue for the current period was ¥71,571,705.80, down from ¥86,723,238.52 in the same period last year, reflecting a decrease of approximately 17.4%[52] - Operating profit for the current period was reported at -¥75,770,656.99, compared to -¥30,061,047.46 in the previous period, showing a worsening operational performance[50] - The company reported a basic and diluted earnings per share of -¥0.031, compared to -¥0.007 in the previous period, indicating a deterioration in earnings per share[52] - The company’s total comprehensive income for the current period was -¥79,094,373.77, compared to -¥24,895,535.11 in the previous period, indicating a significant increase in losses[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,401,560,564.88, an increase of 0.83% compared to the previous year-end[12] - Total liabilities reached ¥3,062,376,194.90, up from ¥2,893,095,793.07, marking an increase of approximately 5.87%[38] - The company's equity attributable to shareholders decreased to ¥2,037,509,913.65 from ¥2,097,988,191.35, a decline of approximately 2.87%[38] - Total liabilities for Q1 2019 were CNY 1,731,902,128.89, an increase from CNY 1,494,103,349.51 in Q1 2018, representing a rise of about 15.9%[43] Cash Flow - The net cash flow from operating activities was ¥14,503,045.86, a significant improvement from -¥23,045,067.06 in the previous year[12] - Cash inflow from operating activities for Q1 2019 was CNY 437,451,197.57, a slight increase from CNY 428,204,486.26 in Q1 2018[58] - Net cash flow from operating activities improved to CNY 14,503,045.86 in Q1 2019, compared to a negative CNY 23,045,067.06 in Q1 2018[58] - Cash inflow from financing activities reached CNY 495,532,450.16 in Q1 2019, compared to CNY 454,752,350.00 in Q1 2018[60] - The ending cash and cash equivalents balance for Q1 2019 was CNY 921,149,047.33, down from CNY 1,315,326,619.75 in Q1 2018[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 62,598[19] - The largest shareholder, Hunan Keli Yuan High-tech Group Co., Ltd., held 18.21% of the shares, totaling 267,644,720 shares[19] Expenses - Operating costs rose by 5.21% to RMB 313,750,056.78 from RMB 298,220,562.78, also attributed to the increase in civilian battery sales[26] - Sales expenses surged by 79.86% to RMB 20,489,772.81, mainly due to increased product sample costs[27] - Management expenses increased by 44.00% to RMB 74,596,393.04, primarily due to higher depreciation and amortization expenses[27] - Financial expenses rose by 18.40% to RMB 25,464,524.65, attributed to an increase in long-term borrowings[27] Investment and Subsidies - The company reported a significant increase in government subsidies recognized in the current period, amounting to ¥5,470,579.21[15] - Investment income decreased by 57.33% to RMB 7,265,653.48, compared to RMB 17,027,913.71 in the same period last year, due to lower investment returns from Keli Mei[27]