力帆科技(601777) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 2,246,537,962.67, representing a decline of 31.07% year-on-year[10] - Net profit attributable to shareholders was a loss of CNY 97,204,761.34, a decrease of 257.56% compared to a profit of CNY 61,693,115.20 in the same period last year[10] - Basic earnings per share were CNY -0.07, a decrease of 240.00% from CNY 0.05 in the same period last year[10] - The weighted average return on net assets was -1.36%, a decrease of 221.00 percentage points compared to the previous year[10] - The company reported non-recurring losses totaling CNY -6,159,972.19 for the period[12] - Total revenue for Q1 2019 was CNY 2,246,537,962.67, a decrease of 31.1% compared to CNY 3,259,322,315.90 in Q1 2018[46] - The net profit for Q1 2019 was a loss of CNY 100,727,704.28, compared to a profit of CNY 60,195,333.74 in Q1 2018[48] - The operating profit for Q1 2019 was a loss of CNY 116,686,686.70, compared to a profit of CNY 71,076,529.42 in Q1 2018[48] - The total comprehensive income for Q1 2019 was CNY 1,742,636.01, compared to CNY 19,407,038.21 in Q1 2018, reflecting a decline of approximately 91.0%[52] Cash Flow - The net cash flow from operating activities was a negative CNY 163,753,451.60, an improvement of 18.00% compared to the previous year[10] - The cash flow from financing activities showed a net outflow of RMB 552,610,494.91, a decrease of 417.23% compared to the previous period[23] - The net cash flow from operating activities for Q1 2019 was -CNY 163,753,451.60, an improvement compared to -CNY 199,689,660.62 in Q1 2018[56] - Total cash inflow from operating activities was 3,178,414,885.21 RMB, down from 5,126,891,855.73 RMB year-over-year, indicating a decline of approximately 38.1%[58] - Cash outflow from operating activities totaled 3,304,183,241.10 RMB, compared to 3,712,775,305.58 RMB in the previous year, reflecting a decrease of about 11%[58] - The net cash flow from investing activities was 486,254,122.97 RMB, a recovery from -4,264,579.02 RMB in Q1 2018[61] - Cash inflow from financing activities was 2,479,796,251.84 RMB, significantly higher than 957,068,797.90 RMB in the same quarter last year, marking an increase of approximately 159.9%[61] - The net cash flow from financing activities was -360,062,911.57 RMB, an improvement from -1,614,085,014.99 RMB in Q1 2018[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 26,818,518,384.18, a decrease of 3.89% compared to the end of the previous year[10] - Total liabilities decreased to CNY 10,239,589,000.08 from CNY 10,803,032,830.87 year-over-year, a reduction of approximately 5.2%[43] - The total number of shareholders at the end of the reporting period was 61,308[17] - The largest shareholder, Chongqing Lifan Holdings Co., Ltd., held 620,642,656 shares, accounting for 47.24% of the total shares[17] - Total current liabilities decreased from ¥18,779,565,904.75 to ¥18,414,798,526.99, a decline of approximately 2.0%[34] - Non-current liabilities decreased significantly from ¥20,353,417,816.61 to ¥19,321,600,235.74, a reduction of about 5.1%[36] - The total liabilities decreased significantly, with the payable bonds dropping to zero, a 100% decrease from the previous period[20] Receivables and Inventory - Accounts receivable decreased by RMB 138,764,914.80, or 46.70%, from the beginning of the year[20] - Other receivables decreased by RMB 872,676,020.86, or 42.82%, compared to the beginning of the year[20] - The company reported a loss attributable to minority shareholders of RMB 3,522,942.94, a decrease of 135.21% compared to the previous period[20] - The company reported a decrease in inventory from ¥77,905,344.21 to ¥81,710,537.06, an increase of about 4.6%[40] Research and Development - The company's R&D expenses decreased by RMB 11,553,852.38, or 37.31%, compared to the previous period[20] - Research and development expenses for Q1 2019 were CNY 19,412,718.86, down from CNY 30,966,571.24 in Q1 2018, a decrease of 37%[46] - Research and development expenses rose to CNY 3,815,923.39 in Q1 2019, up from CNY 2,037,163.18 in Q1 2018, marking an increase of about 87.2%[50] Financial Expenses - The company reported a financial expense increase of RMB 92,083,747.21, or 66.92%, compared to the previous period[20] - The company incurred financial expenses of CNY 45,373,590.73 in Q1 2019, up from CNY 28,149,005.74 in Q1 2018, representing an increase of approximately 60.9%[50] - The company reported a financial expense of CNY 229,677,191.32 in Q1 2019, which is significantly higher than CNY 137,593,444.11 in Q1 2018, an increase of 67%[46] Cash and Equivalents - Cash and cash equivalents dropped from ¥2,501,395,001.75 to ¥1,561,490,543.75, a decrease of approximately 37.7%[40] - The ending balance of cash and cash equivalents was 36,426,539.42 RMB, compared to 49,364,528.21 RMB at the end of Q1 2018[61] - The company experienced a net increase in cash and cash equivalents of 374,334.72 RMB, contrasting with a decrease of -204,325,063.25 RMB in the previous year[61]