风范股份(601700) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 536,734,705.09, down 7.85% from CNY 582,446,557.03 in the same period last year[7] - Net profit attributable to shareholders of the listed company was CNY -2,361,501.50, a decline of 107.19% compared to CNY 32,850,610.79 in the previous year[7] - The company reported a significant increase in credit impairment losses, amounting to CNY 17,729,572.08, up 665.83% from the previous year's loss of CNY -3,133,372.73[14] - Total operating revenue for Q1 2019 was CNY 536,734,705.09, a decrease of 7.85% compared to CNY 582,446,557.03 in Q1 2018[28] - The company reported a net profit of CNY 42,402,753.07 for Q1 2019, compared to CNY 40,300,535.37 in Q1 2018, reflecting an increase of 5.21%[28] - The total profit for Q1 2019 was CNY 50,520,787.07, an increase from CNY 26,367,765.14 in Q1 2018[31] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -288,165,558.16, compared to a net outflow of CNY -85,345,179.67 in the same period last year[7] - The net cash flow from operating activities was -¥288,165,558.16, worsening from -¥85,345,179.67 in the same period last year, primarily due to large payments for due notes and accounts payable[16] - The net cash flow from investing activities was -¥24,242,656.40, a decline from ¥66,708,989.19 in the previous year, mainly due to cash payments for investments[16] - The net cash flow from financing activities was ¥81,096,192.48, a turnaround from -¥75,044,120.11 in the same period last year, primarily due to an increase in bank borrowings[16] - The cash inflow from operating activities was CNY 506,430,423.69, down from CNY 585,626,190.04 in Q1 2018[33] - The company reported a total cash outflow from operating activities of 644,055,151.66 RMB, an increase from 551,297,211.79 RMB in the previous year[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,584,943,369.39, a decrease of 1.95% compared to the end of the previous year[7] - The balance of cash and cash equivalents decreased by 33.81% to CNY 476,773,956.36 from CNY 720,283,832.82 at the beginning of the period[13] - The total liabilities as of March 31, 2019, were ¥1,693,686,101.60, down from ¥1,819,059,922.79 at the end of 2018[22] - The total equity as of March 31, 2019, was ¥2,891,257,267.79, an increase from ¥2,857,248,525.15 at the end of 2018[22] - Current liabilities totaled CNY 1,786,789,260.29, with short-term borrowings at CNY 1,060,990,000.00 and accounts payable at CNY 610,740,697.41[42] - The total liabilities amounted to CNY 1,594,559,254.08, reflecting the company's financial obligations[46] Shareholder Information - The number of shareholders at the end of the reporting period was 123,306[11] - The top shareholder, Fan Jiangang, held 331,340,000 shares, representing 29.24% of the total shares[11] Other Income and Expenses - Other income for the reporting period was ¥103,745.32, up 219.71% from the previous year, primarily due to the recognition of deferred income as other income[15] - Investment income for the reporting period was -¥68,782.76, a decrease of 101.29% year-on-year, mainly due to losses from associated companies[15] - The company's financial expenses decreased to CNY 11,566,585.64 from CNY 12,463,383.74 in the previous year[31] Changes in Equity - The company’s weighted average return on equity increased by 0.19 percentage points to 1.29% from 1.10%[7] - The company’s total equity increased to CNY 2,898,149,966.42 from CNY 2,855,215,317.96 year-over-year, indicating a growth of 1.50%[26] - The company's equity attributable to shareholders was CNY 2,845,230,421.70, with retained earnings of CNY 296,991,820.79[42] Financial Standards and Reporting - The company implemented new financial accounting standards effective January 1, 2019, impacting the recognition and measurement of financial instruments[43] - The company has implemented new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[48]