凌云股份(600480) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 10.95% to CNY 2,767,238,930.04 compared to the same period last year[10] - Net profit attributable to shareholders decreased by 29.05% to CNY 48,005,057.85 compared to the same period last year[10] - Basic earnings per share decreased by 26.67% to CNY 0.11 compared to CNY 0.15 in the same period last year[10] - The weighted average return on equity decreased by 0.57 percentage points to 1.20% compared to the previous year[10] - The net profit after deducting non-recurring gains and losses decreased by 41.36% to CNY 31,660,930.31 compared to the same period last year[10] - Operating revenue decreased by 10.95% year-on-year, mainly due to the automotive industry entering a deep adjustment period, resulting in reduced production and orders from some customers[22] - Operating costs decreased by 11.45% year-on-year, in line with the decline in operating revenue[22] - Net profit for Q1 2019 was ¥107,627,072.09, compared to ¥150,359,306.05 in Q1 2018, representing a decline of 28.5%[44] - The net profit attributable to shareholders of the parent company was ¥48,005,057.85, down from ¥67,656,404.92 in the previous year, a decrease of 29.2%[44] Cash Flow - Net cash flow from operating activities was negative at CNY -916,582,723.26, compared to CNY -800,573,012.37 in the previous year[10] - Net cash flow from operating activities decreased by ¥116,009,710.89 year-on-year, mainly due to extended customer payment cycles and increased use of bill settlements by some customers[24] - Cash flow from operating activities showed a net outflow of RMB 916,582,723.26, worsening from a net outflow of RMB 800,573,012.37 in Q1 2018[54] - Total cash inflow from operating activities was ¥329,626,641.34, while cash outflow was ¥301,464,395.08, resulting in a positive net cash flow[60] Assets and Liabilities - Total assets increased by 5.00% to CNY 13,937,644,938.20 compared to the end of the previous year[10] - Total liabilities reached ¥8,057,927,480.26, compared to ¥7,493,551,656.66, which is an increase of about 7.5%[32] - Current liabilities totaled ¥6,690,312,254.87, up from ¥6,148,252,337.83, reflecting a growth of approximately 8.8%[32] - Non-current liabilities amount to 1,345,299,318.83 CNY, including long-term borrowings of 604,527,130.00 CNY and bonds payable of 500,000,000.00 CNY[65] - Total liabilities stand at 7,493,551,656.66 CNY, while total equity is 5,780,346,018.40 CNY, resulting in total assets of 13,273,897,675.06 CNY[65] Shareholder Information - The number of shareholders at the end of the reporting period was 44,042[14] - The largest shareholder, Northern Lingyun Industrial Group Co., Ltd., holds 34.40% of the shares[14] Other Financial Metrics - The company recognized non-operating income of CNY 16,344,127.54 during the reporting period[12] - Interest payable increased by 111.47% compared to the beginning of the year, mainly due to the accumulation of interest on medium-term notes[19] - Other comprehensive income decreased by 244.41% year-on-year, primarily due to fluctuations in exchange rates affecting foreign currency translation differences[19] - Research and development expenses for Q1 2019 were ¥90,444,986.30, slightly up from ¥88,349,417.20 in Q1 2018, an increase of 2.36%[43] - The company reported a decrease in sales expenses to ¥117,269,788.88 from ¥146,065,472.38, a reduction of 19.69%[43] Future Outlook - The company anticipates a significant change in cumulative net profit compared to the same period last year, but no specific warning is applicable at this time[28]