正平股份(603843) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 22.89% to CNY 468,090,894.42 year-on-year[7] - Net profit attributable to shareholders decreased by 118.90% to CNY -3,735,941.64 compared to the same period last year[7] - Basic earnings per share decreased by 120.00% to CNY -0.01[7] - The company experienced a significant decline in net profit due to a challenging market environment[7] - Total operating revenue for Q1 2019 was ¥468,090,894.42, a decrease of 22.9% compared to ¥607,049,197.52 in Q1 2018[29] - Net profit for Q1 2019 was a loss of ¥8.85 million, compared to a profit of ¥9.31 million in Q1 2018, representing a decline of 195.06%[34] Assets and Liabilities - Total assets increased by 2.07% to CNY 5,660,901,884.34 compared to the end of the previous year[7] - Current assets totaled ¥4,259,257,812.80, up from ¥4,141,298,253.26, indicating an increase of about 2.85%[22] - Total liabilities rose to ¥4,112,873,089.08 from ¥4,019,425,567.30, marking an increase of approximately 2.32%[23] - The company's equity increased to ¥1,548,028,795.26 from ¥1,526,415,985.57, reflecting a growth of about 1.41%[23] - The company’s total liabilities were reported at RMB 3,605,833,748.42, maintaining a stable financial position relative to total assets[43] Cash Flow - Net cash flow from operating activities improved by 92.05%, reaching CNY -21,905,371.14[7] - Cash flow from operating activities in Q1 2019 was a net outflow of ¥21.91 million, an improvement from a net outflow of ¥275.64 million in Q1 2018[35] - Cash flow from financing activities in Q1 2019 generated a net inflow of ¥42.68 million, down from ¥191.18 million in Q1 2018[36] - The company reported a net increase in cash and cash equivalents of RMB 49,006,440.79, contrasting with a decrease of RMB 58,223,041.91 in the previous year[39] Shareholder Information - The number of shareholders reached 35,852 at the end of the reporting period[10] - The largest shareholder, Jin Shengguang, holds 27.01% of the shares, totaling 108,039,438 shares[10] Expenses - The company’s income tax expense decreased by 85.45% to CNY 1,501,256.77, influenced by reduced profits[12] - The company’s sales expenses increased by 66.84% to CNY 2,199,818.11, mainly due to higher sales costs in the investment and power sales sectors[11] - Research and development expenses for Q1 2019 were ¥211,203.42, an increase from ¥139,507.49 in Q1 2018[29] Contracts and Projects - The company secured a major contract for the G1816 Uhuai to Maqin National Highway project, valued at approximately CNY 900,980.68 million, with a planned duration of three years[13] - The company’s revenue from construction projects increased by 27.83% year-on-year, with a total contract value of CNY 942,474.65 million for 28 projects[13] Other Financial Metrics - The weighted average return on equity decreased by 1.84 percentage points to -0.28%[7] - The company reported non-recurring gains of CNY 1,025,848.93 for the period[9] - Long-term borrowings increased by 50.23% to CNY 523,700,000.00 due to new loans taken during the period[11]