STS(SH:603322)2019-04-29 16:00Financial Performance - Operating revenue increased by 34.04% to CNY 289,654,450.52 compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 26,885,925.11, worsening from a loss of CNY 8,172,093.04 in the previous year[7]. - Cash flow from operating activities showed a loss of CNY 190,131,923.99, compared to a loss of CNY 146,588,497.65 in the same period last year[7]. - Basic and diluted earnings per share were both -CNY 0.21, compared to -CNY 0.08 in the previous year[7]. - The company reported a net loss of CNY 28,485,807.12, compared to a net loss of CNY 7,436,627.67 in Q1 2018, representing an increase in losses of approximately 284%[29]. - The company reported an operating profit of CNY -14,540,649.50 for Q1 2019, worsening from CNY -4,969,382.91 in Q1 2018[26]. - The company's net profit is expected to decline due to rising labor costs and increased comprehensive costs[17]. Assets and Liabilities - Total assets decreased by 2.33% to CNY 2,160,172,183.01 compared to the end of the previous year[7]. - Current assets totaled ¥1,805,590,358.38, down from ¥1,900,664,603.72 at the end of 2018, indicating a reduction of approximately 5.0%[20]. - Total liabilities decreased to ¥1,478,100,804.95 from ¥1,538,135,073.13, reflecting a reduction of about 3.9%[21]. - The company's short-term borrowings increased to ¥440,909,000.00 from ¥371,900,000.00, marking an increase of approximately 18.6%[20]. - Total liabilities increased to CNY 1,374,726,621.94 in Q1 2019 from CNY 1,346,203,726.69 in the previous quarter, reflecting a growth of 2.8%[24]. - The company's total equity decreased to CNY 421,468,978.41 in Q1 2019 from CNY 449,954,785.53 in Q1 2018, a decline of 6.3%[24]. Cash Flow and Investments - Cash and cash equivalents decreased by 38.81% to ¥280,573,286.32 due to payments of due settlement amounts[13]. - Cash received from sales and services increased by 95.95% to ¥309,934,653.59, driven by improved collection efforts[16]. - The company reported a cash outflow of ¥150,143,000.00 for debt repayment, reflecting a 142.17% increase compared to the previous period[16]. - Operating cash inflow for Q1 2019 was CNY 331,296,525.42, up from CNY 184,687,344.63 in Q1 2018, indicating a growth of about 79.5%[32]. - Cash outflow for investing activities in Q1 2019 was CNY 32,612,222.22, significantly reduced from CNY 237,093,458.90 in Q1 2018, indicating a decrease of approximately 86.2%[33]. - The net cash flow from investment activities was -142,695,094.80 RMB in Q1 2019, compared to -242,088,868.90 RMB in Q1 2018, indicating a 41.0% improvement year-over-year[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,578[10]. - The largest shareholder, Liang Jianhua, held 46.69% of the shares, with 51,996,000 shares pledged[11]. - The company's retained earnings decreased to ¥132,148,675.19 from ¥154,969,861.57, a decline of about 14.7%[21]. Operating Costs and Expenses - Operating costs rose by 33.15% to ¥239,017,919.78, reflecting the inclusion of the same three subsidiaries[14]. - Research and development expenses increased by 48.82% to ¥17,528,767.70, attributed to the consolidation of subsidiaries[14]. - The company's total operating expenses in Q1 2019 were CNY 521,428,449.41, up from CNY 331,275,842.28 in Q1 2018, reflecting an increase of about 57.5%[32]. - Financial expenses surged by 259.73% to ¥8,244,900.32, mainly due to increased borrowings[14].