惠发食品(603536) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue fell by 16.87% to CNY 161,241,097.40 year-on-year[6] - Net profit attributable to shareholders decreased significantly by 1,296.27% to a loss of CNY 24,999,361.07[6] - Basic earnings per share dropped by 850.00% to -CNY 0.15[6] - Weighted average return on equity decreased by 1306.25 basis points to -3.86%[6] - Net profit for Q1 2019 was a loss of ¥25,041,645.82, compared to a profit of ¥2,033,109.52 in Q1 2018, indicating a significant decline[23] - The company's gross margin for Q1 2019 was -14.5%, down from 1.7% in Q1 2018, highlighting a challenging operational environment[22] - Total operating revenue for Q1 2019 was ¥161,241,097.40, a decrease of 16.9% compared to ¥193,969,401.19 in Q1 2018[22] - Total operating costs for Q1 2019 were ¥186,035,475.76, slightly down from ¥191,306,011.40 in Q1 2018, reflecting a decrease of 2.3%[22] - Total comprehensive income for Q1 2019 was a loss of ¥24,604,440.56, compared to a gain of ¥439,712.62 in Q1 2018[27] Assets and Liabilities - Total assets decreased by 6.35% to CNY 1,082,147,917.82 compared to the end of the previous year[6] - The company's net assets attributable to shareholders decreased by 3.77% to CNY 634,664,737.80 compared to the end of the previous year[6] - Total liabilities decreased from ¥496,553,108.43 to ¥448,126,452.90, reflecting a reduction in financial obligations[16] - The total assets decreased from ¥1,155,482,260.22 to ¥1,082,147,917.82, indicating a reduction in overall asset base[15] - The total assets decreased to ¥934,794,545.52 in Q1 2019 from ¥1,018,519,618.95 in Q1 2018, a decline of 8.2%[19] - Total liabilities decreased to ¥460,202,283.54 in Q1 2019 from ¥519,322,916.41 in Q1 2018, a reduction of 11.3%[19] Cash Flow - Cash flow from operating activities decreased by 34.55% to CNY 27,996,427.37 compared to the same period last year[6] - Net cash flow from operating activities decreased to CNY 16,588,691.44 in Q1 2019, down 55.7% from CNY 37,385,029.64 in Q1 2018[32] - Cash inflow from financing activities was CNY 45,000,000.00 in Q1 2019, down 18.2% from CNY 55,000,000.00 in Q1 2018[33] - The net cash flow from financing activities showed a significant decline to -CNY 36,433,156.75 in Q1 2019, compared to a positive net flow of CNY 390,934.46 in Q1 2018[33] - Cash flow from operating activities generated a net inflow of ¥27,996,427.37 in Q1 2019, down 34.5% from ¥42,773,510.45 in Q1 2018[30] - The total cash inflow from operating activities was impacted by a rise in cash paid for goods and services, which increased to CNY 178,964,534.79 in Q1 2019 from CNY 145,191,850.94 in Q1 2018[32] Shareholder Information - The total number of shareholders reached 9,468 at the end of the reporting period[10] - The largest shareholder, Shandong Huifa Investment Co., Ltd., holds 32.05% of the shares, with 53,848,266 shares pledged[10] Research and Development - Research and development expenses increased by 39.89% to ¥5,419,602.69 as the company intensified its R&D investments[12] - Research and development expenses increased to ¥5,419,602.69 in Q1 2019, up from ¥3,874,285.46 in Q1 2018, representing a growth of 39.8%[22] Other Financial Metrics - The company reported non-recurring gains of CNY 344,719.66 during the period[8] - Financial expenses grew by 69.20% to ¥4,630,760.86 due to a significant increase in borrowing scale and corresponding interest expenses[12] - The company reported a significant increase in sales expenses, which rose to ¥12,632,249.70 in Q1 2019, compared to ¥9,842,707.90 in Q1 2018[26]