上海石化(600688) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 65.53% to CNY 610,653,000 year-on-year[5] - Operating revenue declined by 2.42% to CNY 25,136,233,000 compared to the same period last year[5] - Basic earnings per share decreased by 65.85% to CNY 0.056 compared to the same period last year[6] - Operating profit for Q1 2019 was CNY 747,350, a decrease of CNY 1,516,124 or 66.98% compared to CNY 2,263,474 in Q1 2018 due to rising raw material costs and falling product prices[11] - Net profit for Q1 2019 was CNY 610,997, down 65.5% from CNY 1,773,683 in Q1 2018[19] - The company reported a total profit of CNY 747,679 for Q1 2019, down 67.1% from CNY 2,271,206 in Q1 2018[19] Cash Flow - Net cash flow from operating activities was negative at CNY -1,089,708,000, a decrease of 166.64% year-on-year[5] - Cash flow from operating activities showed a net outflow of CNY 1,089,708, compared to a net inflow of CNY 1,635,267 in the previous year[22] - Total cash inflow from operating activities was 20,798,499 thousand RMB in Q1 2019, slightly up from 20,680,204 thousand RMB in Q1 2018, reflecting a growth of approximately 0.57%[24] - Cash outflow from operating activities increased to 21,775,936 thousand RMB in Q1 2019, up from 19,276,171 thousand RMB in Q1 2018, representing an increase of about 12.93%[24] - The ending cash and cash equivalents balance for Q1 2019 was 7,075,797 thousand RMB, down from 8,078,402 thousand RMB in Q1 2018, reflecting a decrease of about 12.43%[25] Assets and Liabilities - Total assets decreased by 3.28% to CNY 43,079,860,000 compared to the end of the previous year[5] - Total current assets as of March 31, 2019, were CNY 23,893,162, down from CNY 25,298,876 at the end of 2018[14] - Total liabilities decreased to CNY 11,969,590 from CNY 14,053,456 compared to the same period last year[15] - Total assets as of March 31, 2019, were CNY 43,079,860, down from CNY 44,539,960 at the end of 2018[15] - The company's equity attributable to shareholders increased to CNY 30,993,549 from CNY 30,370,126 year-on-year[15] Investment and Expenses - Investment income decreased by 28.04% to CNY 195,291 from CNY 271,384 year-on-year, attributed to weaker operating conditions of joint ventures[11] - Financial expenses increased by 12.33% to CNY -119,841 from CNY -106,688 in the same period last year[11] - Research and development expenses for Q1 2019 were CNY 7,085, while there were no R&D expenses reported in Q1 2018[19] - The company reported a total cash inflow from investment activities of 789,677 thousand RMB in Q1 2019, down from 1,071,995 thousand RMB in Q1 2018, a decline of approximately 26.3%[24] Shareholder Information - The top shareholder, Sinopec Limited, holds 50.44% of the shares, totaling 5,460,000,000 shares[8] - The company's net assets attributable to shareholders increased by 2.05% to CNY 30,993,549,000 compared to the end of the previous year[5] - Total owner's equity reached CNY 30,211,009, reflecting the company's financial stability[30] - Unallocated profits amounted to CNY 12,481,733, indicating retained earnings for future investments[30] Regulatory and Reporting Changes - The company adopted new leasing standards effective January 1, 2019, impacting financial reporting[30] - The company did not report any significant changes in commitments or warnings regarding potential losses for the upcoming reporting period[11]