福龙马(603686) - 2019 Q1 - 季度财报

Financial Performance - The company's main business revenue for Q1 2019 was 857 million RMB, representing a year-on-year increase of 12.57%[5] - The net profit attributable to shareholders decreased by 32.14% year-on-year, amounting to 52.4 million RMB[7] - The gross profit margin for the main business was 24.82%, a decrease of 1.65 percentage points compared to the previous year[5] - The revenue from sanitation equipment was 509 million RMB, a year-on-year decrease of 7.30%, accounting for 59.39% of the main business revenue[5] - The company reported a basic earnings per share of 0.18 RMB, down 30.77% from 0.26 RMB in the previous year[5] - Total operating revenue for Q1 2019 was ¥864,582,875.42, an increase of 12.6% compared to ¥768,053,368.64 in Q1 2018[26] - Net profit for Q1 2019 was ¥58,301,258.06, a decrease of 29.2% from ¥82,282,469.24 in Q1 2018[27] - Total profit for Q1 2019 was ¥68,003,273.00, down 29.7% from ¥96,605,682.87 in Q1 2018[27] - Operating profit for Q1 2019 was ¥68,335,617.38, a decrease of 29.4% compared to ¥96,816,551.45 in Q1 2018[27] - Basic and diluted earnings per share for Q1 2019 were both ¥0.18, down from ¥0.26 in Q1 2018[28] Cash Flow - The net cash flow from operating activities was -291 million RMB, showing an improvement from -356 million RMB in the same period last year[5] - Net cash flow from operating activities was -291,170,434.01 RMB, compared to -356,157,240.96 RMB in the previous year, indicating an improvement[34] - Total cash inflow from operating activities amounted to 833,909,745.54 RMB, while cash outflow was 1,125,080,179.55 RMB, resulting in a net cash flow deficit[34] - Cash flow from investment activities showed a net outflow of -33,388,983.67 RMB, a significant decrease from a net inflow of 114,705,011.60 RMB in the previous year[35] - Cash flow from financing activities generated a net inflow of 13,047,536.86 RMB, contrasting with a net outflow of -4,786,799.52 RMB in the same period last year[35] - The ending balance of cash and cash equivalents was 265,768,145.67 RMB, down from 577,280,026.49 RMB at the beginning of the period[35] - The company reported a net cash flow from operating activities of -225,501,089.14 RMB, an improvement from -402,859,577.57 RMB in the previous year[37] - The total cash and cash equivalents decreased by 230,322,908.46 RMB during the quarter, compared to a decrease of 206,294,401.50 RMB in the same period last year[38] Assets and Liabilities - The total assets at the end of the reporting period were approximately 4.1 billion RMB, a decrease of 0.70% from the end of the previous year[5] - Total assets decreased from CNY 4,132,501,133.80 in December 2018 to CNY 4,103,503,205.43 in March 2019, a decline of approximately 0.7%[21] - Total current assets amounted to ¥3,399,701,549.53 as of March 31, 2019, compared to ¥3,430,922,332.07 at the end of 2018[19] - Current liabilities decreased from CNY 1,655,350,264.66 in December 2018 to CNY 1,567,080,988.02 in March 2019, a reduction of about 5.3%[21] - Total liabilities decreased from CNY 1,697,328,610.14 in December 2018 to CNY 1,609,566,632.78 in March 2019, a decrease of approximately 5.2%[21] - The company reported a decrease in total liabilities, with short-term borrowings recorded at ¥19,000,000.00, indicating new short-term debt[12] - The company’s cash and cash equivalents decreased from CNY 640,107,052.49 in December 2018 to CNY 453,742,938.59 in March 2019, a decline of approximately 29.1%[22] - The company’s retained earnings increased from CNY 863,862,932.32 in December 2018 to CNY 916,263,181.24 in March 2019, an increase of about 6.1%[21] - The company holds a total of CNY 1,028,350,266.57 in capital reserves, with retained earnings of CNY 863,862,932.32[41] Research and Development - The company experienced a significant increase in R&D expenses, contributing to the decline in net profit[7] - Research and development expenses surged by 156.81% to ¥14,004,228.10, reflecting increased R&D investment[12] - Research and development expenses increased significantly to ¥14,004,228.10 in Q1 2019, compared to ¥5,453,230.34 in Q1 2018, reflecting a growth of 156.5%[26] Shareholder Information - The company had a total of 18,907 shareholders at the end of the reporting period[10] - The company plans to repurchase and cancel 2.108 million shares of unvested restricted stock at a price of ¥11.705 per share due to performance conditions not being met[15]