ST奥康(603001) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 735,801,408.24, a decline of 15.23% year-on-year[6] - Net profit attributable to shareholders decreased by 33.68% to CNY 79,139,159.27 compared to the same period last year[6] - Basic earnings per share decreased by 32.43% to CNY 0.2011[6] - Total revenue for the company was CNY 729,386,605.70, a decrease of 15.68% year-over-year[22] - Gross profit margin decreased to 38.20%, reflecting an increase of 0.15 percentage points compared to the previous year[22] - The company's net profit for Q1 2019 was not explicitly stated, but the decrease in revenue and costs suggests a challenging financial environment[38] - The total profit for Q1 2019 was ¥96,776,764.01, down 33.7% from ¥145,942,277.39 in Q1 2018[40] - The net profit for Q1 2019 was ¥78,871,611.41, down 34.2% from ¥119,648,573.44 in Q1 2018[40] - The total comprehensive income for Q1 2019 was ¥73,108,256.18, a decrease of 39.1% from ¥120,016,276.67 in Q1 2018[40] Cash Flow and Liquidity - Cash flow from operating activities improved to CNY 5,184,195.24, compared to a negative CNY 8,421,017.09 in the same period last year[6] - Cash received from operating activities decreased by 53.30% to ¥38,011,543.26, mainly due to reduced recovery of operational deposits[16] - Cash and cash equivalents decreased to CNY 569,282,488.49 from CNY 646,466,280.09 at the end of 2018[30] - Cash and cash equivalents decreased to CNY 41,060,829.24 from CNY 49,313,304.98, indicating a liquidity challenge[35] - The cash inflow from operating activities was ¥876,857,598.94 in Q1 2019, down from ¥1,115,165,036.57 in Q1 2018, a decline of 21.4%[43] - The net cash flow from investment activities was ¥34,039,260.27, a significant improvement from a negative cash flow of ¥132,082,249.89 in Q1 2018[45] - The company reported a total cash outflow from financing activities of ¥43,528,765.40, with no cash inflow recorded[46] Assets and Liabilities - Total assets decreased by 2.62% to CNY 4,750,041,796.01 compared to the end of the previous year[6] - Total assets as of March 31, 2019, were CNY 4,510,026,950.25, slightly down from CNY 4,526,842,481.95 at the end of 2018[36] - Total liabilities amounted to CNY 341,910,935.05, an increase from CNY 323,004,371.41 in the previous period[36] - Total liabilities amount to CNY 903,991,564.24, with current liabilities comprising the majority[49] - Total equity attributable to shareholders is CNY 3,963,739,201.77, reflecting a strong capital base[49] - The company’s short-term borrowings and other liabilities decreased significantly, with total current liabilities at CNY 746,584,834.75 compared to CNY 903,991,564.24 at the end of 2018[31] Shareholder Information - The number of shareholders at the end of the reporting period was 17,276[11] - The largest shareholder, Aokang Investment Holdings, holds 27.73% of the shares, with 111,181,000 shares pledged[11] Operational Highlights - Online sales generated CNY 86,223,451.08, with a year-over-year increase of 11.02%[22] - Offline sales accounted for CNY 643,163,154.62, showing a decrease of 18.32% year-over-year[22] - The company opened 30 new franchise stores in Vietnam and Kuwait as of March 31, 2019[24] - The company invested CNY 18 million in Wenzhou Anbaole Shoe Industry Technology Co., Ltd. on January 18, 2019[25] - A licensing agreement was signed with Pokémon Company and Alibaba for the sale of Pokémon merchandise in China, effective from March 1, 2019, to February 29, 2020[25] Expense Management - Employee compensation payable decreased by 46.38% to CNY 34,594,588.03, primarily due to the distribution of 2018 salaries and bonuses[13] - Financial expenses decreased by 84.58% to ¥757,271.10, primarily due to reduced interest payments[15] - The company reported a decrease in asset impairment losses to ¥550,940.67, primarily due to provisions for bad debts[15] - The company’s tax expenses decreased by 31.90% to ¥17,905,152.60, mainly due to a reduction in total profit[15] - Research and development expenses increased to ¥9,972,141.43 in Q1 2019, up 18.8% from ¥8,392,578.30 in Q1 2018[41] Strategic Initiatives - The company plans to continue focusing on investment activities to improve cash flow and reduce negative cash flow from operations[45] - The company is actively exploring new strategies for market expansion and product development to enhance overall performance[45]