永安林业(000663) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥125,064,034.66, representing a 1.34% increase compared to ¥123,407,486.47 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥18,155,678.94, an improvement of 25.28% from a loss of ¥24,297,496.50 in the previous year[8] - The net cash flow from operating activities improved significantly, with a net outflow of ¥5,993,570.38, a 95.75% reduction from a net outflow of ¥140,862,797.61 in the same period last year[8] - The basic earnings per share improved to -¥0.05 from -¥0.07, reflecting a 28.57% increase[8] - The company reported a net loss of CNY 1,183,834,091.73 in retained earnings as of March 31, 2019, compared to a loss of CNY 1,165,678,412.79 at the end of 2018[32] - Net loss for Q1 2019 was CNY 18,430,337.05, compared to a net loss of CNY 23,287,037.55 in the same period last year, showing an improvement of 20.5%[40] - The company reported a total comprehensive income of -5,422,879.04 CNY, compared to -12,035,980.54 CNY in the same quarter last year, reflecting a 55% improvement[45] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,833,969,561.16, an increase of 1.63% from ¥2,788,596,507.63 at the end of the previous year[8] - Current assets increased to CNY 1,537,502,705.74 as of March 31, 2019, up from CNY 1,482,629,805.83 on December 31, 2018, representing a growth of 3.4%[29] - Total liabilities rose to CNY 2,013,155,537.33, compared to CNY 1,951,276,951.42, an increase of 3.2%[31] - Total liabilities as of Q1 2019 amounted to CNY 1,070,490,404.60, an increase from CNY 1,042,387,155.92[37] - Current liabilities increased to CNY 1,863,553,836.34 from CNY 1,812,276,137.41, a rise of 2.3%[31] - The company’s total liabilities increased by 1.5% compared to the previous year, indicating a growing leverage position[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,794[11] - The largest shareholder, Fujian Yong'an Forestry (Group) Co., Ltd., holds 19.03% of the shares, amounting to 64,884,600 shares, with 32,440,000 shares pledged[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] - The company’s total equity attributable to shareholders was 810,485,745.86 CNY, indicating a decrease in shareholder value compared to the previous year[57] Income and Expenses - The company reported non-operating income of ¥10,263,010.36 from the disposal of non-current assets, primarily due to demolition compensation[9] - Total operating costs for Q1 2019 were CNY 154,322,854.87, up from CNY 147,501,292.28, indicating a rise of 4.93%[38] - The company’s financial expenses for Q1 2019 were CNY 13,390,302.98, up from CNY 11,079,877.49, representing a rise of 20.9%[38] - Tax expenses significantly decreased by 99.33% to ¥4,228.20, reflecting lower corporate tax payments[15] - Cash paid to employees decreased by 32.27% year-on-year to ¥48,291,077.66, indicating reduced salary expenditures[15] Cash Flow - Cash received from bank loans increased by 133.33% year-on-year to ¥175,000,000.00, indicating a rise in borrowing[15] - The cash inflow from financing activities was 175,000,000.00 CNY, up from 95,000,000.00 CNY in the previous year, indicating a strong financing position[49] - The cash outflow for operating activities totaled 208,327,229.16 CNY, down from 310,000,706.66 CNY year-over-year, showing improved cost management[48] - The company reported a net cash flow from financing activities of 8,255,548.97 CNY, a turnaround from a negative cash flow of -10,179,762.54 CNY in the previous year[53] Other Financial Metrics - The company reported a gross profit margin of approximately 15.5% for Q1 2019, down from the previous period's margin[38] - Other comprehensive income after tax for Q1 2019 was CNY 1,924,804.67, compared to CNY 362,631.02 in the previous period, indicating a significant increase[40] - The company recorded an asset disposal gain of CNY 10,263,010.36 in Q1 2019, contributing positively to the overall financial results[40] - Non-operating income surged by 404.42% year-on-year to ¥305,865.60, driven by increased default income[15]