四方股份(601126) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 552,919,926.24, representing a year-on-year increase of 9.56%[12] - Net profit attributable to shareholders was a loss of CNY 23,390,190.58, compared to a loss of CNY 18,448,569.45 in the same period last year[12] - Basic and diluted earnings per share were both CNY -0.0292, compared to CNY -0.0227 in the same period last year[12] - Total revenue for Q1 2019 was CNY 552,919,926.24, an increase of 9.4% compared to CNY 504,651,968.29 in Q1 2018[31] - Total operating costs for Q1 2019 were CNY 603,377,248.04, up from CNY 554,138,699.35 in Q1 2018, representing an increase of 8.9%[31] - Net loss for Q1 2019 was CNY -27,732,941.26, compared to a net loss of CNY -20,233,800.49 in Q1 2018, indicating a decline in profitability[32] - The company reported a total comprehensive loss of CNY -27,775,955.02 for Q1 2019, compared to CNY -20,691,164.22 in Q1 2018[32] - The total profit for Q1 2019 was CNY 16,821,614.90, compared to CNY 3,623,825.95 in Q1 2018, marking a growth of 364.5%[34] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 252,600,780.59, a significant improvement from a negative cash flow of CNY 47,011,005.14 in the previous year[12] - Cash and cash equivalents increased by 39.43% to ¥745,911,188.18 from ¥534,978,103.07 due to improved collection efforts and increased customer payments[16] - The net cash flow from financing activities decreased significantly by ¥161,397,196.13 due to loan repayments and share repurchases[17] - Total cash inflow from operating activities was RMB 584,900,605.32, down 14.6% from RMB 684,948,147.10 in the same period last year[44] - Cash outflow from operating activities decreased by 30.9% to RMB 401,698,346.69 from RMB 581,716,681.82 in Q1 2018[44] - The net cash flow from investing activities was RMB 150,203,787.89, a significant recovery from a negative RMB 6,798,224.15 in Q1 2018[46] - The company has maintained a strong cash position with a net increase in cash and cash equivalents of RMB 208,049,159.76 in Q1 2019[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,441,783,461.44, a decrease of 3.32% compared to the end of the previous year[12] - Total liabilities decreased from ¥1,676,004,346.72 to ¥1,563,515,821.59, a decline of about 6.73%[24] - Current liabilities decreased from ¥1,640,925,289.46 to ¥1,529,522,131.90, a reduction of about 6.77%[24] - Total equity attributable to shareholders decreased from ¥3,972,415,285.58 to ¥3,898,184,038.08, a decline of about 1.86%[24] - The company reported a total asset of RMB 5,628,672,464.60 as of the end of Q1 2019, unchanged from the previous year[48] - The total liabilities amounted to RMB 1,379,197,160.78, reflecting a manageable debt level[48] Shareholder Information - The number of shareholders at the end of the reporting period was 25,937, with the largest shareholder holding 40.12% of the shares[14] - The company repurchased shares, resulting in an 80% increase in treasury stock to ¥89,998,976.24 from ¥49,999,595.73[16] Government Support and Subsidies - The company received government subsidies amounting to CNY 3,647,173.08, which are closely related to its normal business operations[12] Research and Development - Research and development expenses for Q1 2019 were CNY 100,072,560.38, compared to CNY 89,661,935.07 in Q1 2018, an increase of 11.5%[31] - Research and development expenses for Q1 2019 were CNY 62,206,074.21, slightly up from CNY 61,130,040.77 in Q1 2018[34] Financial Standards and Reporting - The company adopted new financial instrument standards starting January 1, 2019, affecting the classification of certain financial assets[55] - The company has not applied retrospective adjustments for the new financial instrument and lease standards[56] - There is no applicable audit report for this period[56]