至正股份(603991) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was ¥131,996,274.90, representing a growth of 33.87% year-on-year[5] - Net profit attributable to shareholders was ¥3,712,741.36, a decrease of 44.42% compared to the same period last year[5] - Basic earnings per share were ¥0.05, down 44.44% from ¥0.09 in the same period last year[5] - The company reported a net profit of ¥3,712,741.36, a decrease of 44.42% from ¥6,680,294.34, mainly due to a reduction in total profit[13] - The company's revenue for Q1 2019 was CNY 131,996,274.90, representing a 33.8% increase compared to CNY 98,601,075.22 in Q1 2018[22] - Net profit for Q1 2019 was CNY 3,712,741.36, down 44.4% from CNY 6,680,294.34 in Q1 2018[24] - Basic and diluted earnings per share for Q1 2019 were CNY 0.05, down from CNY 0.09 in Q1 2018[24] Assets and Liabilities - Total assets at the end of the reporting period reached ¥829,450,983.63, an increase of 1.47% compared to the end of the previous year[5] - Total liabilities rose to CNY 333,847,586.53, up from CNY 325,544,280.58, indicating a 2.0% increase[20] - Cash and cash equivalents decreased by 74.05% to ¥15,675,415.39 from ¥60,395,282.03, primarily due to increased payments for equipment and raw material purchases[12] - The company's cash and cash equivalents decreased, impacting liquidity, with total current assets at CNY 517,998,914.77 compared to CNY 544,369,608.52[20] Cash Flow - The company reported a net cash flow from operating activities of -¥14,976,152.53, an improvement from -¥63,704,306.63 in the previous year[5] - The cash flow from operating activities showed a net outflow of ¥14,976,152.53, an improvement from a larger outflow of ¥63,704,306.63 in the previous year[13] - Net cash flow from investing activities was -$36.89 million, compared to -$5.66 million in the previous period[26] - Cash inflow from financing activities totaled $40 million, down from $53.59 million year-over-year[26] - Net cash flow from financing activities was $7.15 million, a decrease from $18.21 million in the prior year[26] - Cash and cash equivalents at the end of the period were $15.68 million, down from $16.63 million in the previous year[26] - Total cash outflow from financing activities was $32.85 million, compared to $35.38 million last year[26] - Cash outflow from debt repayment was $30 million, compared to $34 million in the previous period[26] - The company reported a significant decrease in cash and cash equivalents, with a net decrease of $44.72 million compared to $51.15 million last year[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,655[10] - The largest shareholder, Shanghai Zhizheng Enterprise Group Co., Ltd., held 44.89% of the shares, with 33,456,080 shares pledged[10] Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥23,507.70 during the reporting period[7] - The total non-recurring gains and losses amounted to ¥25,202.14 after tax adjustments[8] Costs and Expenses - Operating costs rose by 46.76% to ¥111,475,885.48 from ¥75,956,745.64, attributed to higher sales volume[12] - Financial expenses increased by 154.42% to ¥3,319,677.20 from ¥1,304,776.73, primarily due to an increase in short-term borrowings[13] - Research and development expenses were CNY 3,783,284.82, slightly higher than CNY 3,615,775.44 in Q1 2018, indicating continued investment in innovation[23] Strategic Decisions - The company terminated its plan to issue shares and pay cash for asset purchases due to unfavorable market conditions[15] - The company plans to focus on market expansion and new product development to drive future growth[22] Other Financial Reporting - The company did not apply new financial instrument standards or new revenue recognition standards for the current year[27] - The company has not made any retrospective adjustments for prior period comparative data under new leasing standards[27]