COMEC(SH:600685)2019-04-26 16:00Financial Performance - Operating revenue for the period was CNY 2.50 billion, a decrease of 18.96% year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 208.67 million, compared to a loss of CNY 33.55 million in the same period last year[4] - Basic earnings per share were CNY -0.1476, compared to CNY -0.0237 in the same period last year[4] - The company reported a net loss of ¥2,362,376,807.58, compared to a loss of ¥2,153,702,475.37 in the previous year[14] - Total operating revenue for Q1 2019 was RMB 2,495,197,903, a decrease of 18.9% from RMB 3,079,069,618 in Q1 2018[19] - Net profit for Q1 2019 was a loss of RMB 283,721,719.67, compared to a profit of RMB 32,843,252.21 in Q1 2018[20] - Operating profit for Q1 2019 was a loss of RMB 286,994,618.62, compared to a loss of RMB 494,559,167.49 in Q1 2018[19] - Total profit for Q1 2019 was a loss of RMB 283,291,940.14, compared to a profit of RMB 104,475,166.63 in Q1 2018[19] Assets and Liabilities - Total assets decreased by 3.33% to CNY 45.90 billion compared to the end of the previous year[4] - Total liabilities amounted to ¥31,716,983,233.10, a decrease of 4.3% from ¥33,118,933,538.30 in the previous year[14] - The company's short-term borrowings increased to ¥4,796,161,633.02 from ¥4,304,387,255.88, reflecting a rise in financing needs[13] - The company's contract liabilities decreased by 5.7% to ¥6,706,596,397.75, indicating a reduction in future obligations[13] - Current assets totaled ¥1,702,281,958.63, up from ¥1,017,480,609.93, representing a significant increase of 67.3%[15] - Non-current assets decreased to ¥8,356,641,460.48 from ¥8,656,604,789.84, a decline of 3.5%[16] - Total current liabilities increased to ¥999,166,199.55 from ¥819,632,717.71, an increase of 21.9%[16] Cash Flow - Net cash flow from operating activities was negative CNY 2.89 billion, compared to negative CNY 1.84 billion in the same period last year[4] - The net cash flow from operating activities decreased significantly to -¥2,894,631,213.88, impacted by reduced collections and increased payments for materials and equipment[10] - The cash inflow from operating activities in Q1 2019 was approximately ¥3.12 billion, a decrease of 15.4% compared to ¥3.69 billion in Q1 2018[23] - The cash outflow from operating activities in Q1 2019 was approximately ¥6.01 billion, an increase of 8.8% from ¥5.53 billion in Q1 2018[23] - The net cash flow from investment activities in Q1 2019 was approximately ¥40.26 million, recovering from -¥51.58 million in Q1 2018[24] - The cash inflow from financing activities in Q1 2019 was approximately ¥2.80 billion, a decrease of 52.3% compared to ¥5.87 billion in Q1 2018[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 68,640[6] - The largest shareholder, HKSCC Nominees Limited, held 41.68% of the shares[6] - The company's equity attributable to shareholders decreased to ¥9,519,063,232.91 from ¥9,727,437,689.21, a decline of 2.1%[14] - The total owner's equity was ¥14,179,078,026.13, down from ¥14,356,410,548.07, reflecting a decrease of 1.2%[14] Research and Development - R&D expenses rose by 136.84% to ¥100,522,969.51 reflecting increased investment in research and development[8] - Research and development expenses increased to RMB 100,522,969.51 in Q1 2019, up from RMB 42,443,796.56 in Q1 2018, representing a 136.5% increase[19] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 31.74 million related to normal business operations[5] - Other income increased by 225.29% to ¥18,533,402.39 due to a rise in government subsidies received[8] - The fair value change income reached ¥234,477,608.18, significantly improving from -¥10,154,879.59, driven by favorable foreign exchange movements[8]