新赛股份(600540) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -10,483,353.61, a decrease of 496.02% year-on-year[8] - Operating revenue fell by 16.46% to CNY 290,733,707.49 compared to the same period last year[8] - Basic earnings per share were CNY -0.0223, down 498.21% from the previous year[8] - The company reported a net profit of -11,316,048.21, a decrease of 19,414,232.60 compared to the previous year's profit of 8,098,184.39, representing a decline of 239.74%[20] - The company experienced a significant drop in other income, which decreased by 783,873.95 to 184,739.70, a decline of 80.93% due to reduced government subsidies[18] - The company reported a significant increase in financial expenses, totaling CNY 10,232,033.97 in Q1 2019, compared to CNY 5,832,234.17 in Q1 2018, marking a rise of 75.5%[31] - The net profit for Q1 2019 was a loss of ¥9,954,117.17, compared to a loss of ¥23,932.19 in Q1 2018, indicating a significant increase in losses[35] - The total comprehensive income for Q1 2019 was a loss of ¥9,954,117.17, compared to a loss of ¥23,932.19 in Q1 2018[35] Cash Flow - Net cash flow from operating activities was CNY -25,933,171.28, a decline of 132.46% year-on-year[8] - The net cash flow from operating activities decreased by 105,818,191.56 to -25,933,171.28, a decline of 132.46% compared to the previous year[21] - Cash inflows from operating activities in Q1 2019 totaled ¥199,791,311.33, down from ¥516,433,089.21 in Q1 2018, representing a decline of 61.39%[38] - The total cash outflow from operating activities was CNY 82,810,839.99 in Q1 2019, compared to CNY 169,562,682.29 in Q1 2018, showing a reduction of 51.1%[40] - The cash inflow from sales of goods and services was CNY 3,957,553 in Q1 2019, a significant drop from CNY 76,343,749.14 in Q1 2018, reflecting a decrease of 94.8%[40] - The net cash flow from operating activities for Q1 2019 was -CNY 63,456,576, compared to -CNY 67,457,992 in Q1 2018, indicating a slight improvement[40] Assets and Liabilities - Total assets decreased by 17.36% to CNY 1,574,600,100.19 compared to the end of the previous year[8] - The company's total assets decreased from 1,905,277,321.28 to 1,574,600,100.19, indicating a reduction in asset value[26] - Total liabilities as of March 31, 2019, were CNY 557,270,896.31, compared to CNY 579,263,469.54 at the end of 2018, reflecting a decrease of 3.6%[30] - Shareholders' equity totaled CNY 1,145,047,681.53 as of March 31, 2019, down from CNY 1,155,001,798.70 at the end of 2018[31] - Cash and cash equivalents decreased to CNY 65,221,021.92 from CNY 123,330,461.39 at the end of 2018, representing a decline of 47.2%[29] Inventory and Prepayments - Inventory decreased by 34.57% to CNY 418,922,684.62 compared to the beginning of the year[13] - Prepayments decreased by 67.77% to CNY 109,250,110.67, primarily due to product sales[15] - The company's inventory decreased from 640,239,884.78 to 418,922,684.62, reflecting a reduction in stock levels[26] Financial Ratios - The weighted average return on net assets decreased by 2.06 percentage points to -1.64%[8] - The financial expenses for Q1 2019 were ¥2,196,552.91, compared to a financial income of -¥1,195,499.77 in Q1 2018, showing a significant shift in financial performance[34] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 1,597,539.70 during the reporting period[8] - Investment income improved by 1,011,675.39, moving from -1,523,489.24 to -511,813.85, a change of -66.41%[18] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[31]