Financial Performance - The company's operating revenue for Q1 2019 was ¥183,844,412.07, a decrease of 13.20% compared to ¥211,791,327.35 in the same period last year[8] - Net profit attributable to shareholders was ¥12,609,687.94, down 12.20% from ¥14,361,435.58 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥4,453,877.59, a significant decline of 70.02% from ¥14,857,534.58 in the previous year[8] - Basic and diluted earnings per share were both ¥0.0125, down 11.97% from ¥0.0142 in the previous year[8] - The weighted average return on equity was 3.29%, a decrease of 1.14% from 4.43% year-on-year[8] - The company's total comprehensive income for Q1 2019 was CNY 12,658,757.95, compared to CNY 15,919,839.49 in Q1 2018, reflecting a decrease of 20.5%[45] Cash Flow - The net cash flow from operating activities was negative at -¥26,357,170.06, compared to a positive cash flow of ¥27,589,536.92 in the same period last year, marking a decrease of 195.53%[8] - Cash received from operating activities decreased by 76.85% to RMB 1,487,129.78, reflecting a reduction in collection of payments[20] - Cash inflow from operating activities totaled CNY 146,585,650.15, down from CNY 187,734,141.14 year-over-year, reflecting a decrease of approximately 22%[52] - Cash outflow from operating activities increased to CNY 172,942,820.21, compared to CNY 160,144,604.22 in the previous year, representing an increase of about 8%[52] - The company's cash flow from financing activities resulted in a net outflow of CNY 30,375,000.00, with no cash inflow reported[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥577,902,479.39, down 8.15% from ¥629,209,731.17 at the end of the previous year[8] - The total liabilities decreased to ¥188,397,356.61 from ¥251,311,795.14, a reduction of 25.03%[35] - The company's cash and cash equivalents decreased to ¥91,196,019.55 from ¥128,565,133.29, representing a decline of 29.05%[33] - The total current assets amounted to ¥242,685,218.44, a decrease of 10.59% from ¥271,318,171.86 on December 31, 2018[34] - The total owner's equity increased to ¥389,505,122.78 from ¥377,897,936.03, an increase of 3.20%[36] Expenses - Total operating costs for Q1 2019 were CNY 179,112,873.05, down 8.9% from CNY 196,781,246.43 year-over-year[42] - Sales expenses decreased by 39.62% to RMB 1,361,116.61, attributed to a reduction in sales and management personnel[18] - Management expenses fell by 34.43% to RMB 14,275,227.74, also due to a decrease in personnel[18] - Cash paid for taxes decreased by 34.03% to RMB 6,990,209.93, due to lower VAT and additional tax payments[20] Investments - Investment income surged by 1,113.79% to RMB 9,215,832.93 due to gains from the sale of equity in associates[18] - The company reported non-recurring gains of ¥8,155,810.35 during the reporting period[10] - The net cash flow from investing activities was CNY 19,360,926.32, a significant improvement from a negative CNY 818,720.00 in the previous year[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 111,860[12] - The net assets attributable to shareholders increased by 3.07% to ¥389,505,122.78 from ¥377,897,936.03 at the end of the previous year[8] Forecast and Adjustments - The company anticipates significant fluctuations in net profit for the period from January to June 2019, but specific forecasts are not applicable[25] - The company's financial statements were adjusted for the first-time implementation of new financial instrument standards, revenue standards, and lease standards[58]
凤凰航运(000520) - 2019 Q1 - 季度财报