阳煤化工(600691) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 13.23% to CNY 4,768,544,806.32 year-on-year [12] - Net profit attributable to shareholders dropped by 89.71% to CNY 6,804,102.03 compared to the same period last year [12] - The net profit after deducting non-recurring gains and losses was CNY -12,876,521.63, a decrease of 124.96% year-on-year [12] - Total revenue for Q1 2019 was $4.77 billion, a decrease of 13.2% from $5.50 billion in Q1 2018 [44] - Net profit for Q1 2019 was a loss of $14.32 million, compared to a profit of $96.45 million in Q1 2018 [44] - Operating revenue for Q1 2019 was 582,730,389.71 RMB, a decrease from 1,406,553,972.48 RMB in Q1 2018, reflecting a decline of approximately 58.6% [50] - The company incurred an operating loss of -27,225,527.66 RMB in Q1 2019, compared to a loss of -15,205,412.08 RMB in the same period last year [50] - Total comprehensive income for the period was -14,629,678.27 RMB, down from 96,416,848.47 RMB year-over-year [46] Cash Flow - Cash flow from operating activities decreased by 20.52% to CNY 257,149,646.42 year-on-year [12] - Net cash flow from operating activities for Q1 2019 was ¥257,149,646.42, a decrease of ¥66,378,849.94 or 20.52% compared to Q1 2018 [24] - The cash inflow from operating activities was CNY 1,747,595,854.74 in Q1 2019, compared to CNY 762,591,408.18 in Q1 2018, representing a significant increase [56] - The cash outflow from operating activities was CNY 2,668,084,864.99 in Q1 2019, up from CNY 614,481,573.70 in Q1 2018, leading to a net cash flow from operating activities of -CNY 920,489,010.25 [57] - The company reported cash inflow from financing activities of CNY 700,000,000.00 in Q1 2019, while cash outflow was CNY 49,241,666.46, resulting in a net cash flow from financing activities of CNY 650,758,333.54 [57] - The net increase in cash and cash equivalents for Q1 2019 was -CNY 269,730,676.71, compared to an increase of CNY 117,563,167.80 in Q1 2018, reflecting a challenging cash flow environment [57] Assets and Liabilities - Total assets increased by 5.37% to CNY 43,739,537,639.98 compared to the end of the previous year [12] - Current assets increased to ¥16,075,450,072.51 as of March 31, 2019, compared to ¥13,540,166,877.93 at the end of 2018 [28] - Total liabilities increased to ¥36,095,523,126.55 as of March 31, 2019, compared to ¥33,853,587,558.38 at the end of 2018 [33] - Short-term borrowings increased to ¥16,502,591,000.00 from ¥16,036,616,000.00 at the end of 2018 [32] - The company's total assets increased to $14.68 billion in Q1 2019 from $12.48 billion in Q1 2018, representing a growth of 17.6% [40] - Total liabilities rose to $7.80 billion in Q1 2019, up from $5.57 billion in Q1 2018, indicating an increase of 40.0% [40] Research and Development - R&D expenses increased by 115.28% to CNY 13,780,845.53 compared to the same period last year [20] Market Conditions - Total profit decreased due to weak chemical product market conditions and government environmental policies, leading to a decline in major product prices compared to the same period last year [21] - The company anticipates a potential loss or significant change in cumulative net profit compared to the same period last year due to low market prices for major products like ethylene glycol and weak downstream demand [24] Shareholder Information - The number of shareholders at the end of the reporting period was 51,388 [15]