天鹅股份(603029) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 75,713,883.89, representing an increase of 47.45% year-on-year[7]. - Net profit attributable to shareholders was a loss of CNY 4,228,586.37, a decline of 574.61% compared to the previous year[7]. - Basic and diluted earnings per share were both CNY -0.0453, a decrease of 576.84% year-on-year[7]. - Operating profit for Q1 2019 was a loss of CNY 6,178,816.97, compared to a profit of CNY 211,696.87 in Q1 2018[24]. - The net profit attributable to shareholders of the parent company for Q1 2019 was a loss of CNY 4,228,586.37, compared to a profit of CNY 890,958.17 in Q1 2018[28]. - The total comprehensive income for Q1 2019 was a loss of CNY 5,628,979.14, compared to a gain of CNY 711,399.73 in Q1 2018[28]. Cash Flow - Cash flow from operating activities was a negative CNY 28,894,386.25, compared to a negative CNY 8,001,084.68 in the same period last year[7]. - The net cash flow from operating activities was -28,894,386.25 CNY, compared to -8,001,084.68 CNY in the previous year, indicating a significant decline in cash generation[32]. - Cash inflow from financing activities was 20,000,000.00 CNY, with a net cash flow of 19,821,108.66 CNY after accounting for cash outflows[32]. - The cash inflow from operating activities for Q1 2019 was CNY 71,634,700.09, compared to CNY 50,310,322.37 in Q1 2018, representing a growth of 42.4%[31]. - The company reported a total cash outflow of 57,926,790.81 CNY from operating activities, compared to 55,045,187.29 CNY in the previous year[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,113,185,507.64, a decrease of 2.91% compared to the end of the previous year[7]. - The total liabilities decreased to ¥349,596,578.52 from ¥377,537,582.40[18]. - Total assets as of March 31, 2019, were CNY 996,284,149.05, down from CNY 1,017,085,067.41 as of December 31, 2018[21]. - Current liabilities reached ¥314,677,632.45, with accounts payable and notes payable at ¥135,583,362.41[38]. - The total liabilities were ¥377,537,582.40, while total equity stood at ¥769,038,191.04[38]. Expenses - Sales expenses rose by 64.20% to CNY 7,982,349.49, primarily due to an increase in the scope of consolidation[13]. - Management expenses increased by 38.11% to ¥13,555,385 compared to the previous period due to an expanded consolidation scope[14]. - R&D expenses surged by 96.09% to ¥5,048,228, attributed to the increased consolidation scope[14]. - The company experienced a credit impairment loss of CNY 3,275,345.71 in Q1 2019, up from CNY 2,222,372.56 in Q1 2018[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,704[10]. - Shareholders' equity totaled CNY 697,207,514.23 as of March 31, 2019, down from CNY 701,564,210.92 at the end of 2018[21]. Market Outlook - The company anticipates a significant change in cumulative net profit, potentially resulting in a loss compared to the same period last year due to declining demand in the domestic cotton machine market[15].