ST美讯(600898) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 49.63% to CNY 416,976,244.01, primarily due to a reduction in ODM business orders[14] - Net profit attributable to shareholders was a loss of CNY 37,308,711.88, compared to a profit of CNY 4,485,854.90 in the same period last year[6] - The company reported a net loss of ¥366,275,161.33 for Q1 2019, compared to a loss of ¥329,578,713.23 in the same period last year[18] - Net loss for Q1 2019 was ¥41,983,811.15, compared to a net loss of ¥10,932,367.70 in Q1 2018, representing an increase in loss of 284.5%[24] - The total comprehensive loss for Q1 2019 was ¥42,075,946.90, compared to a loss of ¥12,832,499.34 in Q1 2018[24] Assets and Liabilities - Total assets increased by 5.20% to CNY 2,869,580,487.68 compared to the end of the previous year[6] - Total current assets as of March 31, 2019, amounted to ¥1,838,743,286.58, up from ¥1,698,961,608.63 at the end of 2018[17] - Total liabilities as of March 31, 2019, were ¥2,671,840,942.86, compared to ¥2,487,933,864.05 at the end of 2018, reflecting an increase in financial obligations[18] - Total liabilities as of Q1 2019 were ¥1,157,581,328.49, an increase from ¥1,134,241,398.52 in the previous year[23] - Total equity decreased to ¥376,188,491.49 in Q1 2019 from ¥381,798,271.84 in Q1 2018[23] Cash Flow - Cash flow from operating activities increased by 122.59% to CNY 23,471,650.12 compared to the same period last year[6] - In Q1 2019, the company's cash inflow from operating activities was CNY 283,295,608.99, a decrease of 68.8% compared to CNY 908,716,525.04 in Q1 2018[29] - The net cash flow from operating activities for Q1 2019 was CNY 23,471,650.12, an increase of 22.9% from CNY 10,544,584.89 in Q1 2018[29] - Cash inflow from financing activities in Q1 2019 was CNY 87,561,009.85, a decrease of 75.0% from CNY 349,826,979.76 in Q1 2018[30] - The ending cash and cash equivalents balance for Q1 2019 was CNY 18,199,819.97, down 92.5% from CNY 243,986,377.88 in Q1 2018[30] Expenses - Research and development expenses rose by 101.85% to CNY 13,154,743.61, influenced by adjustments in the self-owned brand mobile phone business[14] - Financial expenses surged by 1,309.85% to CNY 19,509,141.02, mainly due to foreign exchange losses and increased interest expenses on working capital loans[14] - The company reported a significant increase in asset impairment losses, totaling CNY 11,110,829.62, primarily due to increased bad debt provisions[14] - Total operating costs for Q1 2019 were ¥464,118,918.60, down 45.0% from ¥843,010,408.13 in Q1 2018[23] - The company reported a significant increase in financial expenses, totaling ¥19,509,141.02 in Q1 2019, compared to ¥1,383,776.13 in Q1 2018[23] Shareholder Information - The number of shareholders reached 22,142, with the top ten shareholders holding a combined 54.80% of shares[10] - Basic and diluted earnings per share for Q1 2019 were both -¥0.1453, compared to ¥0.0207 in Q1 2018[24] Inventory and Receivables - Accounts receivable increased to ¥1,215,049,653.01 from ¥1,052,037,349.11, indicating a significant rise in credit sales[17] - Inventory levels slightly decreased to ¥197,846,139.22 from ¥200,532,265.76, suggesting stable inventory management[17] - Short-term borrowings decreased to ¥696,660,480.49 from ¥722,644,583.94, reflecting a reduction in reliance on short-term debt[18]