Workflow
天马科技(603668) - 2019 Q1 - 季度财报
TIANMA TECHTIANMA TECH(SH:603668)2019-04-29 16:00

Financial Performance - Operating revenue for the period was CNY 355,072,889.10, representing an increase of 16.41% year-on-year[11]. - Net profit attributable to shareholders was CNY 14,214,744.24, down 18.26% from the previous year[11]. - Basic earnings per share were CNY 0.05, a decrease of 16.67% compared to the previous year[11]. - The company reported a net profit of CNY 1,197,211.85 after adjustments for non-recurring gains and losses[16]. - Total revenue for Q1 2019 was CNY 355,072,889.10, an increase of 16.4% compared to CNY 305,028,134.50 in Q1 2018[46]. - Net profit for Q1 2019 was CNY 13,624,491.16, a decrease of 21.5% from CNY 17,322,661.97 in Q1 2018[46]. - The total comprehensive income attributable to the parent company was CNY 16,192,130.97, down from CNY 23,788,030.63 in the previous year[50]. - The total profit for Q1 2019 was CNY 17,105,624.27, compared to CNY 16,047,011.98 in the previous year, indicating growth[51]. Cash Flow - Net cash flow from operating activities was CNY -224,910,646.24, compared to CNY -201,817,912.77 in the same period last year[11]. - The cash flow from operating activities showed a net outflow of CNY -224,910,646.24, compared to CNY -201,817,912.77 in the same quarter last year[55]. - Cash inflow from operating activities totaled 108,934,461.27 RMB in Q1 2019, down from 114,822,328.86 RMB in Q1 2018, reflecting a decrease of approximately 5.2%[60]. - Cash outflow from operating activities increased to 384,566,189.56 RMB in Q1 2019, compared to 275,130,310.90 RMB in Q1 2018, representing a rise of about 39.7%[60]. - The net cash flow from investing activities was -44,521,884.31 RMB in Q1 2019, worsening from -21,690,318.10 RMB in Q1 2018[60]. - The net cash flow from financing activities was -37,739,378.25 RMB in Q1 2019, compared to -82,317,612.15 RMB in Q1 2018, showing an improvement[60]. - The cash and cash equivalents net increase for Q1 2019 was -357,584,250.27 RMB, compared to -264,424,681.67 RMB in Q1 2018, indicating a worsening cash position[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,172,812,138.45, a decrease of 1.58% compared to the end of the previous year[11]. - The company's total assets decreased to CNY 1,912,244,113.35 from CNY 2,025,629,547.48, a decline of 5.6%[43]. - Total liabilities decreased to CNY 903,151,550.20 from CNY 1,126,531,867.22, a reduction of 19.9%[43]. - The company's total liabilities decreased by 40.53% in bonds payable to RMB 141,315,496.79 from RMB 237,619,984.63, due to the conversion of convertible bonds into company stock[20]. - Total liabilities reached ¥1,246,268,751.66, reflecting a decrease of ¥1,485,865.20 from the prior period[70]. - Total current liabilities amounted to $980,335,703.58, down from $1,002,962,866.69, a decrease of approximately 2.26%[35]. - Non-current liabilities decreased to $148,017,005.75 from $243,305,884.97, a decline of approximately 39.2%[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 21,640[16]. - The largest shareholder, Chen Qingtang, held 27.32% of the shares, with a total of 86,548,557 shares[16]. - The company’s net assets attributable to shareholders increased by 8.52% year-on-year, reaching CNY 1,034,166,322.07[11]. - Shareholders' equity increased to $1,044,459,429.12 from $961,489,935.91, an increase of about 8.63%[35]. Research and Development - Research and development expenses rose by 33.84% to RMB 11,212,007.85, driven by the company's strategic focus on developing new feed products and improving existing product performance[22]. - Research and development expenses for Q1 2019 were CNY 11,212,007.85, compared to CNY 8,377,394.81 in Q1 2018, an increase of 33.5%[46]. - Research and development expenses increased to CNY 9,285,627.13, up from CNY 6,922,899.06 in Q1 2018, reflecting a focus on innovation[50]. Other Financial Metrics - The weighted average return on equity decreased to 1.51%, down 0.58 percentage points from the previous year[11]. - The company's cash and cash equivalents decreased by 58.96% to RMB 226,825,342.19 from RMB 552,687,937.90, mainly due to increased orders requiring upfront payments for raw materials[20]. - The company reported a significant increase of 80.69% in taxes payable, amounting to RMB 12,397,076.26, attributed to higher income and value-added taxes[20]. - The financial expenses for Q1 2019 were CNY 2,060,814.89, significantly higher than CNY 984,019.04 in the same period last year, indicating increased borrowing costs[50].