沈阳机床(000410) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥443,495,189.15, a decrease of 72.94% compared to ¥1,638,835,018.68 in the same period last year[10] - The net profit attributable to shareholders was -¥453,641,693.17, representing a decline of 3,646.89% from ¥12,789,859.97 in the previous year[10] - The basic and diluted earnings per share were both -¥0.59, a decrease of 3,050.00% from ¥0.02 in the previous year[10] - Total operating revenue fell by 72.94% from CNY 1,638,835,018.68 to CNY 443,495,189.15, attributed to changes in the market environment[24] - Net loss for the current period was ¥469,653,021.82, compared to a net profit of ¥6,151,945.48 in the previous period, reflecting a substantial decline in profitability[62] - The total comprehensive income for the period was -189,333,481.07 CNY, compared to -66,904,184.43 CNY in the previous period[73] Cash Flow - The net cash flow from operating activities improved to ¥35,656,534.75, a significant increase of 110.00% compared to -¥356,576,297.84 in the same period last year[10] - Cash received from sales of goods and services dropped by 69.57% from CNY 1,121,675,424.23 to CNY 341,337,049.52, reflecting a decrease in revenue scale[24] - Cash flow from operating activities was 370,637,629.84 CNY, down from 1,147,607,278.95 CNY in the previous period, showing a substantial decrease[77] - Cash flow from investing activities was -2,701,154.38 CNY, compared to -5,655,785.73 CNY in the previous period, indicating a reduced outflow[80] - Cash flow from financing activities resulted in a net outflow of -38,336,868.73 CNY, compared to -1,646,527,269.32 CNY in the previous period, showing an improvement[80] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,588,850,743.82, down 8.84% from ¥20,392,382,497.07 at the end of the previous year[10] - Total current assets decreased from ¥15,478,899,196.38 to ¥13,764,191,818.43, a decline of approximately 11.04%[42] - Total liabilities decreased from ¥20,242,224,508.17 to ¥18,936,182,015.04, a reduction of about 6.43%[45] - The company's total equity turned negative, decreasing from ¥150,157,988.90 to -¥347,331,271.22[48] - The company's total liabilities amounted to CNY 16,594,443,331.90, while total equity was CNY 722,490,559.80[98] Shareholder Information - The net assets attributable to shareholders were -¥509,555,532.99, a decrease of 857.03% from ¥67,309,515.09 at the end of the previous year[10] - The largest shareholder, Shenyang Machine Tool (Group) Co., Ltd., holds 30.13% of the shares, totaling 230,671,780 shares[14] - The company's total equity attributable to shareholders was $67.31 million, with retained earnings showing a deficit of approximately $2.16 billion[94] Operational Efficiency - Operating costs decreased by 58.65% from CNY 1,220,588,975.71 to CNY 504,719,432.95, reflecting the change in revenue scale[24] - Cash paid for purchasing goods and services decreased by 78.97% from CNY 828,420,321.80 to CNY 174,201,564.63, also due to reduced revenue scale[24] - Cash paid for employee compensation decreased by 58.18% from CNY 284,592,135.88 to CNY 119,008,937.53, reflecting reduced salary and benefits payments[24] - The company incurred operating expenses totaling 334,981,095.09 CNY, down from 1,504,183,576.79 CNY in the previous period[77] Government Support - The company received government subsidies amounting to ¥11,189,006.87 during the reporting period[10] Research and Development - Research and development expenses for the current period were ¥7,193,202.34, down from ¥8,878,478.33 in the previous period, showing a reduction in investment in R&D[59] Financial Ratios - The company reported a weighted average return on equity of 284.39%, an increase of 282.92% compared to 1.47% in the previous year[10] - The company's short-term borrowings increased slightly from ¥10,826,058,000.00 to ¥10,873,954,479.34, an increase of approximately 0.44%[42] - The total amount of contract liabilities was not specified, indicating potential changes in revenue recognition practices[58]