Chunlan(SH:600854)2019-04-26 16:00Financial Performance - Operating revenue for the current period was ¥40,274,042.82, a decrease of 84.84% year-on-year[7]. - Net profit attributable to shareholders of the listed company was -¥4,818,067.31, representing a decline of 118.38% compared to the same period last year[7]. - Basic earnings per share were -¥0.0093, down 118.42% from ¥0.0505 in the previous year[7]. - Cash flow from operating activities showed a net outflow of -¥7,036,536.97, a significant decrease of 176.66% compared to the previous year[7]. - The company reported a significant decline in both revenue and profit, indicating challenges in the current market environment[11]. - The company's operating revenue for Q1 2019 was ¥40,274,042.82, a decrease of 84.84% compared to ¥265,677,262.27 in Q1 2018[12]. - Net profit for Q1 2019 was a loss of CNY 4,832,310.36, compared to a profit of CNY 30,596,701.49 in Q1 2018, indicating a decline of 115.8%[23]. - The total comprehensive income for Q1 2019 was CNY -35,761,885.73, compared to CNY -9,993,652.78 in the same period last year[26]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,263,072,937.56, an increase of 0.76% compared to the end of the previous year[7]. - The company's total liabilities decreased to ¥369,102,272.24 from ¥399,500,646.98 at the end of 2018[16]. - The company's total assets as of March 31, 2019, were CNY 2,931,514,339.82, slightly up from CNY 2,914,979,353.43 at the end of 2018[20]. - Total current assets decreased to CNY 994,625,695.10 from CNY 1,035,237,823.72 at the end of 2018, a decline of 3.9%[19]. - Total non-current assets increased to CNY 1,936,888,644.72 from CNY 1,879,741,529.71, reflecting a growth of 3.1%[19]. - The company's total liabilities were CNY 87,415,725.89, slightly up from CNY 87,319,344.55 in the previous period[20]. - The equity attributable to shareholders increased to CNY 2,844,098,613.93 from CNY 2,827,660,008.88, a rise of 0.6%[20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,087[9]. - The largest shareholder, Chunan Group Company, held 25.34% of the shares, totaling 131,630,912 shares[9]. Cash Flow - The net cash flow from operating activities was -¥7,036,536.97, a decline of 176.66% compared to ¥9,179,070.48 in Q1 2018[12]. - The cash flow from operating activities for Q1 2019 was a net outflow of CNY -7,036,536.97, compared to a net inflow of CNY 9,179,070.48 in Q1 2018[28]. - The total cash outflow from investing activities in Q1 2019 was CNY 71,137.39, with a net cash inflow of CNY 6,701,653.67 from investing activities overall[29]. - The net cash flow from financing activities was -984,969.89, primarily due to cash paid for dividends and interest[32]. Expenses - Operating costs for Q1 2019 were ¥22,186,140.55, down 87.74% from ¥181,027,433.61 in the same period last year[12]. - The company incurred sales expenses of CNY 2,416,035.05 in Q1 2019, a decrease from CNY 2,712,309.95 in Q1 2018[25]. - The company reported a significant increase in tax expenses, with CNY 2,042,353.81 in Q1 2019 compared to CNY 14,595,401.10 in Q1 2018, highlighting changes in tax obligations[23]. - The company reported financial expenses of CNY -729,918.43 in Q1 2019, compared to CNY -677,189.00 in Q1 2018[25]. Investment and R&D - Research and development expenses were reported at CNY 151,951.92 in Q1 2018, indicating a focus on innovation despite overall losses[23]. - The company reported a significant increase in other equity investments by 468.54 million due to the new accounting standards[42]. Accounting Changes - The company adopted new financial instrument standards, impacting the reporting of certain assets[34]. - The company adopted new financial instrument standards, adjusting available-for-sale financial assets to other equity investments, impacting total equity by 28.14 million[41].