长城军工(601606) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was approximately CNY 134.83 million, an increase of 6.41% year-on-year[17]. - Net profit attributable to shareholders of the listed company was approximately CNY -39.92 million, a decline of 7.47% compared to the same period last year[17]. - The net cash flow from operating activities was approximately CNY -97.69 million, showing an improvement of 2.26% year-on-year[17]. - Total operating revenue for Q1 2019 was CNY 134,833,025.83, an increase from CNY 126,706,113.45 in Q1 2018, representing a growth of approximately 8.9%[49]. - The net profit for Q1 2019 was a loss of CNY 40,129,972.39, worsening from a loss of CNY 37,584,490.96 in Q1 2018[49]. - The total comprehensive income for Q1 2019 was -40,130,244.23 RMB, compared to -37,584,685.13 RMB in Q1 2018, indicating continued losses[50]. - The company's net profit for Q1 2019 was -40,130,244.23 RMB, compared to -37,584,685.13 RMB in Q1 2018, indicating a decline in profitability[50]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 3.45 billion, a decrease of 3.37% compared to the end of the previous year[17]. - Total assets decreased to ¥3,453,319,790.67 from ¥3,573,905,306.55, indicating a reduction in both current and non-current assets[34]. - Total current assets decreased to ¥1,988,420,096.33 from ¥2,119,727,897.81, reflecting a decline in cash and cash equivalents[31]. - Total liabilities as of March 31, 2019, were CNY 171,895,159.31, compared to CNY 378,660,436.04 at the end of 2018, indicating a reduction of approximately 54.5%[43]. - Current liabilities reached approximately ¥932.58 million, while total liabilities were around ¥1.35 billion[73]. - The company reported a significant decrease in other payables, which fell to CNY 171,528,912.37 from CNY 378,181,212.95, a reduction of about 54.7%[43]. Shareholder Information - Net assets attributable to shareholders of the listed company were approximately CNY 2.17 billion, down 1.76% from the end of the previous year[17]. - The total number of shareholders at the end of the reporting period was 62,033[21]. - The largest shareholder, Anhui Military Industry Group Co., Ltd., held 58.89% of the shares, totaling approximately 426.50 million shares[21]. Cash Flow - Cash and cash equivalents decreased by 33.44% to ¥476,776,401.70 from ¥716,269,518.38 due to repayment of short-term loans and cash payments for raw materials and construction[25]. - Cash paid for dividends and interest decreased by 73.25% to ¥4,454,377.04 from ¥16,653,007.09, due to a prior dividend payment of ¥12,000,000[28]. - Cash inflow from operating activities totaled 223,265,441.92 RMB in Q1 2019, compared to 191,431,631.75 RMB in Q1 2018, marking an increase of approximately 17%[60]. - The company experienced a net cash decrease of $315,045,057.23 during the quarter, compared to a decrease of $177,880,714.85 in the same quarter last year[68]. Expenses - Total operating costs for Q1 2019 were CNY 177,835,435.52, up from CNY 167,070,504.23 in Q1 2018, indicating an increase of about 6.5%[49]. - Research and development expenses for Q1 2019 amounted to CNY 23,538,048.20, compared to CNY 19,068,727.75 in Q1 2018, reflecting a rise of approximately 23.0%[49]. - Financial expenses decreased by 64.10% to ¥1,391,247.96 from ¥3,874,864.87, due to a reduction in interest-bearing liabilities[28]. Equity and Retained Earnings - Owner's equity totaled approximately $2.22 billion, with equity attributable to shareholders amounting to about $2.21 billion[73]. - The company’s retained earnings stood at approximately $758.72 million, indicating a strong profit retention strategy[73]. - Total equity reached $1,138,788,327.24, including paid-in capital of $724,228,400.00 and retained earnings of $51,539,768.70[83]. Government Subsidies - The company received government subsidies amounting to CNY 2.89 million, which were included in the current period's profit and loss[17].