沃格光电(603773) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue fell by 40.89% to CNY 97,750,101.25, primarily due to a decline in both sales volume and unit price[12] - Net profit attributable to shareholders decreased by 81.20% to CNY 10,449,740.18[6] - Basic earnings per share dropped by 85.90% to CNY 0.1105[6] - The company's operating profit decreased by 79.63% to CNY 13,857,553.94 compared to the previous year[13] - Net profit fell by 81.20% to CNY 10,449,740.18, primarily due to increased fixed costs and management expenses[13] - Total revenue for Q1 2019 was ¥97,750,101.25, a decrease of 41.0% compared to ¥165,374,427.67 in Q1 2018[26] - Operating profit for Q1 2019 was ¥13,857,553.94, down 79.6% from ¥68,042,794.99 in Q1 2018[27] - Net profit for Q1 2019 was ¥10,449,740.18, a decline of 81.2% compared to ¥55,573,772.86 in Q1 2018[27] - The total profit for Q1 2019 was ¥4,946,359.38, a decline of 89.6% compared to ¥47,007,839.33 in Q1 2018[30] Cash Flow - Net cash flow from operating activities decreased by 35.71% to CNY 52,605,545.77[6] - Cash flow from operating activities decreased by 35.71% to CNY 52,605,545.77, attributed to reduced cash received from sales[13] - The cash flow from operating activities for Q1 2019 was ¥52,605,545.77, a decrease of 35.6% from ¥81,828,825.80 in Q1 2018[33] - The cash flow from investing activities for Q1 2019 was -¥72,261,811.14, compared to -¥17,641,970.66 in Q1 2018, indicating increased cash outflow[34] Assets and Liabilities - Total assets decreased by 2.70% to CNY 1,748,885,906.47 compared to the end of the previous year[6] - Total assets decreased to CNY 1,748,885,906.47 from CNY 1,797,331,669.30, reflecting a decline in current assets[19] - The company's total liabilities decreased to CNY 108,607,954.66 from CNY 167,503,457.67, showing a reduction in financial obligations[20] - Current assets totaled ¥959,055,360.15, a decrease of 6.5% from ¥1,025,534,007.95 at the end of 2018[22] - Total liabilities decreased to ¥85,771,032.30 from ¥133,149,966.24, a reduction of 35.6%[23] Shareholder Information - The number of shareholders reached 15,521 at the end of the reporting period[9] - The top shareholder, Yi Weihua, holds 27.31% of the shares, with 25,834,251 shares pledged[9] Expenses - Management expenses increased by 37.16% to CNY 16,336,119.07, primarily due to new office relocation costs[12] - The total operating expenses for Q1 2019 were ¥75,085,075.72, compared to ¥67,583,073.65 in Q1 2018, reflecting an increase of 11%[29] - The company incurred financial expenses of -¥1,390,709.24 in Q1 2019, a significant improvement compared to ¥7,140,790.54 in Q1 2018[29] Other Financial Metrics - The weighted average return on equity decreased by 6.66 percentage points to 0.64%[6] - The gross profit margin significantly declined, impacting overall profitability due to increased depreciation and fixed costs[13] - The company reported a significant increase in financial expenses, with a decrease of 118.20% in interest expenses due to increased interest income[13] - Accounts receivable decreased by 30% to CNY 161,993,147.55 from CNY 231,381,805.35, indicating improved collection efforts[18] - Cash and cash equivalents slightly decreased to CNY 862,712,833.92 from CNY 870,806,204.91, indicating stable liquidity[18]