Koal(SH:603232)2019-04-19 16:00Financial Performance - Operating revenue increased by 2.67% to CNY 58.48 million year-on-year[6] - Net profit attributable to shareholders was CNY -5.25 million, a decrease of 213.10% compared to the previous year[6] - The company reported a basic earnings per share of CNY -0.02, a decrease of 200.00% compared to the previous year[6] - Total revenue for Q1 2019 was CNY 58,484,785.12, an increase of 2.68% compared to CNY 56,963,694.71 in Q1 2018[29] - Total operating costs for Q1 2019 were CNY 67,446,163.94, up 15.09% from CNY 58,676,154.61 in Q1 2018[29] - Net profit for Q1 2019 was a loss of CNY 1,929,527.72, compared to a profit of CNY 1,648,276.06 in Q1 2018[30] - Operating profit for Q1 2019 was a loss of CNY 3,929,703.61, down from a profit of CNY 1,656,393.99 in Q1 2018[29] - The basic and diluted earnings per share for Q1 2019 were both CNY -0.02, compared to CNY 0.02 in Q1 2018[30] - Operating revenue for Q1 2019 was ¥18,918,727.31, a decrease of 32.6% compared to ¥28,117,757.12 in Q1 2018[31] - Net profit for Q1 2019 was -¥2,883,104.33, compared to a net profit of ¥6,250,966.03 in Q1 2018, indicating a significant decline[32] - Operating profit for Q1 2019 was -¥4,056,913.64, down from ¥7,336,711.69 in Q1 2018[31] - Total comprehensive income for Q1 2019 was -¥2,883,104.33, compared to ¥6,250,966.03 in Q1 2018[32] Cash Flow - Cash flow from operating activities improved to CNY -25.44 million, compared to CNY -41.18 million in the same period last year[6] - Operating cash flow net amount improved by CNY 15.74 million compared to the previous year, mainly due to a reduction in tax payments[16] - Cash flow from operating activities for Q1 2019 was -¥25,442,432.63, an improvement from -¥41,181,850.35 in Q1 2018[36] - The net cash flow from operating activities improved significantly to ¥11,268,915.53, compared to a negative cash flow of ¥9,853,163.56 in the same period last year[37] Assets and Liabilities - Total assets decreased by 3.03% to CNY 702.90 million compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 34.13% to CNY 37.56 million[12] - Total liabilities decreased to CNY 82.00 million from CNY 102.02 million, reflecting a reduction in current liabilities[22] - Total assets as of March 31, 2019, amounted to CNY 702.90 million, a decrease from CNY 724.84 million at the end of 2018[22] - Total liabilities increased to CNY 40,893,255.62 from CNY 38,818,046.87 at the end of 2018[26] - The company's total assets remained stable at ¥724,843,838.56 as of the end of Q1 2019[40] - The total liabilities were reported at ¥102,018,015.86, unchanged from the previous year[41] - Current assets totaled ¥327,455,876.40, with cash and cash equivalents at ¥12,448,568.20[44] - Total liabilities were reported at ¥38,818,046.87, with current liabilities at ¥36,546,603.38[46] Shareholder Information - The number of shareholders reached 5,938, with the top ten shareholders holding a combined 60.43% of shares[10] - Total equity attributable to the parent company reached ¥621,779,025.43 as of Q1 2019[42] - The company's equity totaled ¥622,825,822.70, reflecting a stable financial position[41] Expenses and Investments - Management expenses increased by CNY 8.28 million, a rise of 47.89%, primarily due to an increase in employee compensation resulting from a higher headcount[15] - Investment income increased by CNY 1.72 million, a rise of 52.15%, mainly due to increased investment income from joint ventures and associates[15] - Research and development expenses for Q1 2019 were ¥7,272,926.99, slightly down from ¥7,982,152.08 in Q1 2018[31] Changes in Financial Reporting - The company has implemented new financial and revenue recognition standards, which may impact future financial reporting[39] - The company implemented new financial instrument standards effective January 1, 2019, impacting financial reporting[42] - Adjustments to financial statements were made without affecting prior period comparative data[47]