ST工智(000584) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥417,385,296.47, representing a decrease of 23.02% compared to ¥542,226,300.17 in the same period last year[8]. - Net profit attributable to shareholders was ¥14,160,276.46, down 49.70% from ¥28,152,837.90 year-on-year[8]. - Basic earnings per share decreased by 49.67% to ¥0.0231 from ¥0.0459 in the same period last year[8]. - Sales revenue decreased by 40.51% to ¥244,141,793.08 as the company focused on high-end intelligent equipment manufacturing, leading to reduced income from real estate[15]. - Net profit for the period was ¥14,455,931.32, down from ¥26,453,327.50, indicating a decline of approximately 45%[45]. - Operating profit fell to ¥22,628,633.87 from ¥47,638,015.85, a decrease of around 53%[45]. - The total profit margin decreased significantly, with profit before tax at ¥22,729,778.26 compared to ¥47,772,456.95, a drop of about 52%[45]. Cash Flow - The net cash flow from operating activities was -¥105,117,593.88, a decline of 386.48% compared to ¥36,692,621.19 in the previous year[8]. - Cash received from operating activities dropped by 67.41% to ¥4,158,150.17, mainly due to the divestment of the spandex business segment[15]. - Total cash inflow from operating activities was 250,545,433.29 CNY, while cash outflow was 355,663,027.17 CNY, resulting in a net cash outflow of 105,117,593.88 CNY[53]. - Cash inflow from financing activities was 108,081,400.00 CNY, while cash outflow was 39,318,463.07 CNY, leading to a net cash inflow of 68,762,936.93 CNY[54]. - The total cash and cash equivalents decreased by 146,390,776.74 CNY during the period, contrasting with an increase of 196,946,648.49 CNY in the previous period[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,578,674,702.36, an increase of 1.87% from ¥4,494,805,671.83 at the end of the previous year[8]. - Current liabilities rose to CNY 2,378,068,387.64 from CNY 2,322,094,500.04, an increase of about 2.42%[36]. - Non-current liabilities increased to CNY 409,843,754.72 from CNY 374,110,896.38, representing a growth of approximately 9.63%[36]. - Total liabilities reached CNY 2,787,912,142.36, up from CNY 2,696,205,396.42, indicating an increase of around 3.39%[36]. - Owner's equity totaled CNY 1,790,762,560.00, slightly down from CNY 1,798,600,275.41, a decrease of about 0.10%[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,426[11]. - The largest shareholder, Wuxi Zhefeng Harbin Intelligent Robot Investment Enterprise, holds 18.60% of the shares, totaling 114,078,327 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Operational Highlights - The company received government subsidies amounting to ¥310,816.24 during the reporting period[9]. - Accounts receivable increased by 39.97% to ¥695,258,485.70 due to the expansion of high-end intelligent equipment manufacturing business[15]. - Prepayments rose by 45.05% to ¥211,982,041.94, primarily driven by the growth in high-end intelligent equipment manufacturing[15]. - Management expenses increased by 47.64% to ¥37,941,224.33, attributed to the expansion of high-end intelligent equipment manufacturing and the consolidation of Zhejiang Ruifeng Electromechanical Co., Ltd.[15]. - Research and development expenses increased to ¥10,509,641.46 from ¥8,633,759.41, reflecting a growth of about 22%[43]. Contracts and Sales - The company signed a sales contract with Changan Automobile Co., Ltd. for a welding production line project, with a contract amount of 197.88 million RMB, achieving sales revenue of 55.18 million RMB by the end of the reporting period[21]. - A contract was signed with Chongqing Changan Automobile Co., Ltd. for equipment worth 82.52 million RMB, with sales revenue of 24.64 million RMB realized by the end of the reporting period[22]. - The company entered into a contract with Anhui Leopard Automobile Co., Ltd. for a welding production line valued at 83.96 million RMB, with no sales revenue realized by the end of the reporting period[22]. - A contract for the "2019 model welding workshop side wall automation project" was signed with Changan Mazda Automobile Co., Ltd., totaling 83.78 million RMB, with sales revenue of 20.87 million RMB achieved by the end of the reporting period[23]. Changes in Financial Reporting - The company adjusted its accounts receivable impairment method from "incurred loss model" to "expected credit loss model" to enhance credit risk assessment[63]. - The company has implemented new financial instrument standards effective January 1, 2019, impacting the classification and measurement of financial assets[66].