天安新材(603725) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 184,234,639.57, representing a decline of 14.59% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 848,856.42, down 94.47% from the same period last year[6] - Basic earnings per share decreased by 90.00% to CNY 0.01 from CNY 0.1 in the same period last year[6] - The company's investment income decreased by 37.96% to ¥589,164.08, attributed to reduced returns from matured financial products[13] - The company's total operating revenue for Q1 2019 was CNY 184,234,639.57, a decrease of 14.6% compared to CNY 215,706,783.25 in Q1 2018[23] - The net profit for Q1 2019 was CNY 4,425,647.65, down 45.5% from CNY 8,134,887.69 in Q1 2018[27] - The total profit for Q1 2019 was CNY 5,206,644.29, a decrease of 45.4% compared to CNY 9,570,456.11 in Q1 2018[27] - The company reported other income of CNY 902,160.26 in Q1 2019, down from CNY 2,162,680.13 in Q1 2018[26] Cash Flow - The net cash flow from operating activities improved to -CNY 9,554,995.23, a 67.41% increase compared to -CNY 29,316,490.26 in the previous year[6] - The cash flow from operating activities increased by 35.29% to ¥3,160,707.37, mainly due to export tax refunds received during the reporting period[13] - The net cash flow from operating activities was -CNY 9.55 million in Q1 2019, an improvement from -CNY 29.32 million in Q1 2018[29] - Cash inflow from financing activities was CNY 70 million in Q1 2019, down 58.37% from CNY 167.89 million in Q1 2018[30] - The net cash flow from financing activities was CNY 14.85 million in Q1 2019, compared to CNY 76.30 million in Q1 2018, reflecting a decrease of 80.53%[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,268,361,986.92, a decrease of 1.00% compared to the end of the previous year[6] - The company's total liabilities decreased to CNY 426,273,844.83 in Q1 2019 from CNY 433,461,460.20 in Q4 2018[21] - Total current assets amounted to CNY 695,493,316.27 as of December 31, 2018, with cash and cash equivalents at CNY 100,618,049.53[35] - Total liabilities amount to 433,461,460.20, with current liabilities at 400,802,334.28[41] - Non-current liabilities total 32,659,125.92, including long-term borrowings of 23,286,010.79[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,026[10] - The largest shareholder, Wu Qichao, holds 30.73% of the shares, amounting to 45,075,429 shares[10] - The company's equity attributable to shareholders increased to CNY 788,310,451.01 in Q1 2019 from CNY 783,884,803.36 in Q4 2018[21] Operational Metrics - The company's long-term prepaid expenses rose by 102.07% to ¥485,755.67, primarily due to showroom renovation costs of a subsidiary[13] - The company's short-term borrowings increased to ¥285,898,083.33, up from ¥263,280,986.37, indicating a rise in financing needs[16] - Total operating costs for Q1 2019 were CNY 186,182,668.55, down 7.8% from CNY 201,772,487.46 in Q1 2018[23] - Operating costs included CNY 154,790,674.36 in cost of goods sold, a decrease of 6.3% from CNY 165,283,629.64 in the previous year[23] Other Financial Information - The company reported non-recurring gains and losses totaling CNY 2,620,808.19 for the period[9] - The company's financial expenses in Q1 2019 were CNY 3,064,667.92, down 16.7% from CNY 3,678,746.83 in Q1 2018[26] - Research and development expenses for Q1 2019 were CNY 4,257,171.01, a decrease of 18.1% from CNY 5,200,157.08 in Q1 2018[26] - The company's sales expenses for Q1 2019 were CNY 5,276,244.47, a decrease of 38.5% from CNY 8,593,121.85 in Q1 2018[26] - The company experienced a decrease in management expenses, which were CNY 6,807,909.82 in Q1 2019, down 23.8% from CNY 8,930,741.07 in Q1 2018[26] Changes in Accounting Policies - The company executed a new financial instrument standard starting January 1, 2019, impacting various financial statement items[38] - The company adopted new financial instrument standards effective January 1, 2019, without retrospective adjustments to prior period data[42]