四通股份(603838) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 47.82% to CNY 10,833,835.03 year-on-year[5] - Operating revenue declined by 9.38% to CNY 81,602,527.58 compared to the same period last year[5] - Basic earnings per share dropped by 50.00% to CNY 0.04 compared to the previous year[5] - The weighted average return on equity decreased by 1.47 percentage points to 1.50%[5] - The company reported a significant decrease in net profit due to lower operating revenue and increased costs[5] - Net profit attributable to the parent company decreased by 47.82% to CNY 10,833,835.03, due to reduced sales gross margin and increased income tax expenses[17] - Basic and diluted earnings per share both decreased by 50.00% to CNY 0.04, attributed to reduced sales gross margin and increased income tax expenses[18] - Total revenue for Q1 2019 was ¥81,602,527.58, a decrease of 10.8% compared to ¥90,051,584.39 in Q1 2018[36] - Net profit for Q1 2019 was ¥10,831,018.31, a decline of 47.8% from ¥20,758,403.07 in Q1 2018[37] - The net profit for Q1 2019 was ¥8,468,291.09, down 55.3% from ¥18,976,831.32 in Q1 2018[40] Cash Flow - Net cash flow from operating activities was negative at CNY -14,002,609.42, a decrease of 144.13% year-on-year[5] - Cash flow from operating activities showed a net outflow of CNY -14,002,609.42, a decline of 144.13% compared to CNY 31,728,456.25 in the previous year, attributed to slower sales revenue collection[20] - The company reported a net cash outflow from investment activities of CNY -23,793,276.11, which is not applicable for percentage change, due to reduced investments in new projects[20] - The cash and cash equivalents decreased by CNY -18,417,980.55, a decline of 975.45% compared to an increase of CNY 2,103,832.19 in the previous year, mainly due to reduced cash flow from operating activities[21] - The company incurred a cash outflow of 107,772,484.52 RMB from operating activities, which was slightly higher than 107,517,439.90 RMB in Q1 2018[46] Assets and Liabilities - Total assets increased by 2.23% to CNY 855,047,547.01 compared to the end of the previous year[5] - Current assets totaled CNY 345,548,592.31, slightly up from CNY 340,245,031.96, indicating a growth of about 1%[28] - Total liabilities reached CNY 122,440,924.81, up from CNY 114,626,336.32, which is an increase of approximately 6.5%[29] - Total liabilities as of Q1 2019 amounted to ¥128,739,041.86, an increase from ¥117,696,183.40 in the previous year[36] - Total liabilities were reported at 117,696,183.40, indicating manageable debt levels[54] Shareholder Information - The total number of shareholders reached 18,214 at the end of the reporting period[10] - The largest shareholder, Cai Zhencheng, holds 25,736,880 shares, accounting for 9.65% of total shares[10] Investments and Subsidiaries - The company decided to terminate the major asset restructuring plan due to changes in the macroeconomic environment and capital market conditions, which posed significant risks and uncertainties[22] - A new wholly-owned subsidiary, Shenzhen Sitong Tengyun Technology Co., Ltd., was established with an investment of CNY 10,000,000, focusing on technology services and consulting[23] - Another wholly-owned subsidiary, Guangdong Dongwei New Materials Co., Ltd., was established with an investment of CNY 10,000,000, specializing in the production and sales of various new materials[23] - The company plans to continue its investment in new projects, including the construction of a new sanitary ceramics production line with an annual capacity of 800,000 pieces[20] Cost Management - Total operating costs for Q1 2019 were ¥68,482,272.51, down 8.5% from ¥74,672,578.28 in Q1 2018[36] - The total operating expenses decreased to ¥65,191,905.43 from ¥68,565,078.07 in Q1 2018, indicating improved cost management[39] Government Subsidies - The company received government subsidies amounting to CNY 886,591.53 during the reporting period[8] - Other income decreased by 73.22% to CNY 886,591.53, mainly due to a reduction in government subsidies recognized as income during the reporting period[16]