ST实达(600734) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue fell by 67.74% to CNY 365,421,564.46 year-on-year[10] - Net profit attributable to shareholders was CNY -35,236,606.02, a decrease of 15.21% compared to the same period last year[10] - The company reported a basic earnings per share of CNY -0.0565, a decrease of 15.07% year-on-year[10] - The company reported a net loss of approximately $160.3 million, compared to a loss of $125.1 million in the previous period[36] - The total comprehensive income attributable to the parent company was -35,049,574.31 RMB, compared to -31,290,135.32 RMB in the same quarter of the previous year, indicating a decline[50] - Net profit for Q1 2019 was a loss of CNY 35,236,606.02, compared to a loss of CNY 30,583,529.65 in Q1 2018, reflecting a worsening of approximately 15.4%[48] Cash Flow and Liquidity - Net cash flow from operating activities improved by 91.11%, reaching CNY -46,951,175.31[10] - The company's cash flow from operating activities showed a significant decline, contributing to the overall net loss reported for the quarter[48] - Cash received from sales of goods and services was 923,618,202.61 RMB, down from 1,475,969,953.85 RMB year-over-year[57] - Total cash outflow from operating activities was 1,129,304,959.13 RMB, compared to 2,020,071,021.66 RMB in the same quarter of the previous year[57] - The company plans to address liquidity issues by actively seeking strategic investors and financial support, while also controlling operational costs[25] Assets and Liabilities - Total assets decreased by 4.35% to CNY 7,017,751,042.92 compared to the end of the previous year[10] - Total current assets decreased from $5.33 billion to $5.01 billion, a decline of approximately 6%[34] - Total non-current assets slightly decreased from $2.01 billion to $2.00 billion, a decrease of about 0.06%[34] - Total liabilities decreased from $4.73 billion to $4.44 billion, a decline of approximately 6.1%[36] - The company's equity attributable to shareholders decreased from $2.61 billion to $2.58 billion, a decrease of about 1.5%[36] Shareholder Information - The number of shareholders reached 60,413 at the end of the reporting period[15] - The largest shareholder, Beijing Angzhan Technology Development Co., Ltd., holds 36.64% of the shares, totaling 228,466,407 shares[15] Operational Costs - The operating costs also fell to CNY 340,758,108.72, reflecting a decrease of 67.64% due to the drop in revenue[22] - The company experienced a 67.75% increase in other payables, reaching CNY 214,944,318.56, indicating rising inter-company debts[22] - Financial expenses decreased by 62.95% to CNY 12,947,289.83, due to reduced borrowing and interest expenses[22] Strategic Initiatives - The company plans to focus on market expansion and new product development to improve future performance and mitigate losses[48] - The company has temporarily postponed the pledge of certain equity stakes to facilitate negotiations with strategic investors[26] - The company is facing risks related to litigation from creditors due to previous debt obligations, which may impact future financial stability[25] Other Financial Metrics - Deferred tax assets increased by 37.83% to CNY 40,510,465.46, attributed to temporary differences from deductible losses[22] - The company reported a significant increase in other income, which rose by 129.20% to CNY 13,390,393.34, primarily due to increased government subsidies[22] - Research and development expenses for Q1 2019 were CNY 35,499,016.50, an increase from CNY 32,162,387.12 in Q1 2018, representing an increase of about 10.5%[45] - The company recorded investment income of 331,912.13 RMB, down from 468,214.85 RMB in the same quarter of the previous year[50]