万里股份(600847) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue increased by 16.07% to CNY 122,712,536.58 year-on-year[7] - Net profit attributable to shareholders decreased by 163.93% to CNY -1,562,113.92 compared to the same period last year[7] - Basic and diluted earnings per share both decreased by 163.64% to CNY -0.0098[7] - The company experienced a significant increase in non-operating income, totaling CNY 66,885.62[9] - Total operating revenue for Q1 2019 was CNY 122,712,536.58, an increase of 16.1% compared to CNY 105,727,215.52 in Q1 2018[24] - Net profit for Q1 2019 was a loss of CNY 1,495,228.30, compared to a profit of CNY 2,355,669.47 in Q1 2018, indicating a significant decline[25] - Basic and diluted earnings per share for Q1 2019 were both CNY -0.0098, down from CNY 0.0154 in Q1 2018[26] - The company reported operating income of -459,770.17 in Q1 2019, compared to 2,599,228.68 in Q1 2018, showing a substantial drop in profitability[29] Cash Flow - Cash flow from operating activities showed a significant decline of 300.64%, resulting in a net cash outflow of CNY -17,808,681.60[7] - Net cash flow from operating activities turned negative at -¥17,808,681.60 compared to ¥8,875,952.51 in the previous year, mainly due to tax payments[13] - Operating cash flow for Q1 2019 was -17,808,681.60, down from 8,875,952.51 in Q1 2018, reflecting a negative cash flow trend[33] - Cash inflow from operating activities totaled 97,026,176.09 in Q1 2019, slightly up from 94,535,928.83 in Q1 2018[33] - Cash outflow from operating activities increased to 114,834,857.69 in Q1 2019, compared to 85,659,976.32 in Q1 2018, indicating rising operational costs[33] - The net cash decrease for Q1 2019 was -17,953,879.05, compared to -3,730,876.51 in Q1 2018, indicating a worsening cash position[34] Assets and Liabilities - Total assets decreased by 4.29% to CNY 726,516,383.10 compared to the end of the previous year[7] - Total assets decreased from CNY 755,324,010.59 in the previous quarter to CNY 732,551,605.31 in Q1 2019, a decline of 3.0%[22] - Total liabilities decreased to ¥45,993,407.48 from ¥77,085,703.61, indicating a significant reduction in current liabilities[18] - Total liabilities decreased from CNY 65,973,579.60 to CNY 43,680,087.02, a reduction of 33.7%[22] - Total equity slightly decreased from CNY 689,350,430.99 to CNY 688,871,518.29, a decline of 0.1%[22] Expenses - Operating costs rose by 19.68% to ¥107,839,827.98 from ¥90,103,672.70, primarily due to increased sales revenue[13] - Tax and additional charges increased by 42.14% to ¥6,285,349.35 from ¥4,421,953.42, driven by higher sales revenue and accrued taxes[13] - Sales expenses surged by 58.76% to ¥4,659,915.65 from ¥2,935,256.43, mainly due to increased product maintenance and shipping costs[13] - Management expenses grew by 38.15% to ¥4,798,691.66 from ¥3,473,441.98, primarily due to rising intermediary service fees[13] - Financial expenses decreased by 87.00% to ¥272,500.84 from ¥2,096,247.28, as a result of loan repayments[13] Shareholder Information - The total number of shareholders reached 8,383 by the end of the reporting period[11] - The top shareholder, Jiatiantian Asset Management Co., Ltd., holds 10.00% of shares, totaling 15,328,740 shares[12] Inventory and Receivables - Inventory decreased from CNY 100,289,950.69 to CNY 85,459,064.96, a reduction of 14.8%[21] - Accounts receivable decreased from CNY 128,752,239.81 to CNY 125,966,728.84, a decline of 2.2%[21] Government Subsidies - The company reported a government subsidy of CNY 88,584.71 related to normal business operations[9]