LJRB(SH:600853)2019-04-29 16:00Financial Performance - Operating revenue for the period was CNY 664,476,970.85, representing an increase of 13.11% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY -6,609,468.26, compared to CNY -6,374,018.07 in the same period last year[5] - The company reported a basic and diluted earnings per share of CNY -0.0093[5] - Net loss for Q1 2019 was CNY 9,404,916.19, compared to a net loss of CNY 8,882,296.93 in Q1 2018, indicating a deterioration in performance[32] - Total comprehensive income for Q1 2019 was CNY 10,127,823.44, down from CNY 12,093,077.07 in Q1 2018, a decline of 16.2%[35] Cash Flow - Cash flow from operating activities was CNY -627,148,545.38, showing a significant decline compared to CNY -177,502,679.69 in the previous year[5] - Cash flow from financing activities decreased by 50.33% year-on-year, mainly due to the absence of non-public stock issuance this period[15] - The company reported a decrease in cash inflow from operating activities, totaling CNY 1,646,125,662.74 in Q1 2019, down from CNY 2,396,236,980.68 in Q1 2018, a drop of 31.3%[38] - The company's net cash flow from financing activities was -191,273,188.46 RMB in Q1 2019, a decline of 133.5% from 570,694,625.96 RMB in Q1 2018[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,250,528,232.10, a decrease of 0.79% compared to the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 1,709,148,854.31 from CNY 1,854,586,588.13[25] - Total liabilities as of March 31, 2019, were CNY 9,716,594,124.10, slightly down from CNY 9,753,237,368.22 at the end of 2018[29] - The total equity attributable to shareholders decreased to CNY 1,538,750,101.77 from CNY 1,546,202,074.93[27] Shareholder Information - The company had a total of 52,015 shareholders at the end of the reporting period[10] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., held 286,339,763 shares, accounting for 44.45% of total shares[10] Research and Development - Research and development expenses rose by 298.62% year-on-year, reflecting increased investment in R&D efforts[14] - The company reported R&D expenses of CNY 1,553,288.89 in Q1 2019, significantly higher than CNY 389,664.80 in Q1 2018, reflecting an increase of 297.5%[31] Financial Changes - Financial expenses increased by 47.50% year-on-year, attributed to higher interest expenses from increased financing scale[14] - The company adopted new financial accounting standards effective January 1, 2019, impacting the classification of financial assets[50] Other Financial Metrics - Non-recurring gains and losses totaled CNY 633,850.44, primarily from non-operating income[7] - The controlling shareholder, Jian Investment Group, has had 50,000,000 unrestricted circulating shares judicially frozen due to a contract dispute[21] - The company has changed its accounting estimate for the depreciation period of fixed assets, which will reduce the total profit for 2019 by approximately CNY 1,709,680.07[22]