*ST惠天(000692) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥971,581,831.86, representing a 1.92% increase compared to ¥953,321,743.11 in the same period last year[8]. - The net profit attributable to shareholders was -¥54,188,673.69, an improvement of 13.99% from -¥63,001,337.98 year-on-year[8]. - The net loss for the first quarter was CNY 52,597,482.75, compared to a net loss of CNY 61,400,494.66 in the same period last year, indicating an improvement of approximately 13.0%[37]. - Operating revenue for the current period was ¥316,619,106.09, an increase from ¥305,788,135.07 in the previous period, representing a growth of approximately 2.7%[40]. - Operating profit for the current period was -¥58,031,560.75, an improvement from -¥65,732,649.33 in the previous period, indicating a reduction in losses of about 11.5%[41]. - Net profit for the current period was -¥42,449,106.82, which is a decrease in losses compared to -¥49,648,518.30 in the previous period, reflecting a 14.5% improvement[42]. Cash Flow - The net cash flow from operating activities decreased by 26.49% to -¥484,598,156.12, compared to -¥383,124,525.77 in the previous year[8]. - Cash flow from operating activities showed a net outflow of -¥484,598,156.12, worsening from -¥383,124,525.77 in the previous period[45]. - Cash inflow from operating activities totaled 19,172,248.72 CNY, down from 148,152,121.00 CNY, a decline of approximately 87.1%[49]. - Cash outflow from operating activities surged to 447,188,341.44 CNY, compared to 137,056,678.21 CNY in the previous period, marking an increase of 226.5%[49]. - Cash flow from financing activities generated a net inflow of ¥286,771,960.25, an increase from ¥224,056,362.00 in the previous period, indicating a growth of approximately 28%[46]. - Total cash inflow from financing activities increased to 855,000,000.00 CNY, up from 555,000,000.00 CNY in the prior period, reflecting a growth of 53.8%[50]. - Cash outflow from financing activities decreased to 508,418,615.70 CNY from 620,327,674.61 CNY, indicating a reduction of 18%[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,707,291,810.49, down 6.35% from ¥6,094,147,190.03 at the end of the previous year[8]. - The company's current assets totaled CNY 2,015,678,836.11, down from CNY 2,351,213,807.39 at the end of 2018, reflecting a decline of approximately 14.2%[27]. - The company's total liabilities were CNY 4,289,945,525.40, down from CNY 4,628,536,007.74, indicating a reduction of approximately 7.3%[28]. - The total liabilities of the company were CNY 2,465,188,393.62, up from CNY 2,387,431,675.55, reflecting a year-over-year increase of 3.3%[33]. - The total equity attributable to shareholders decreased from CNY 1,408,830,112.92 to CNY 1,358,974,024.78, reflecting a decline of approximately 3.5%[29]. - The company's total equity decreased to CNY 1,103,741,447.88 from CNY 1,144,694,716.19, a decline of approximately 3.6%[34]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,182, with the largest shareholder, Shenyang Heating Group, holding 35.10% of the shares[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. - The company reported no overdue commitments from shareholders or related parties during the reporting period[19]. Expenses - The company reported a 137.54% increase in operating expenses due to increased litigation losses and penalties for delayed pension insurance payments[16]. - The company reported a decrease in management expenses to CNY 27,284,230.89 from CNY 29,368,955.40, a reduction of about 7.1%[35]. - The company incurred financial expenses of ¥18,184,136.87, an increase from ¥15,843,116.65 in the previous period, reflecting a rise of about 14.7%[40]. - The company reported a tax expense of -¥13,585,149.33, which is an improvement from -¥16,078,838.48 in the previous period, showing a reduction in tax-related losses of approximately 15.5%[41]. Inventory and Receivables - Inventory decreased by 58.04% as the heating season ended, leading to a reduction in coal inventory[16]. - Accounts receivable increased from CNY 565,706,862.68 to CNY 671,063,037.69, marking an increase of approximately 18.6%[26]. - Inventory decreased from CNY 360,882,051.84 to CNY 151,415,333.18, a decline of about 58.1%[26]. Other Information - The company reported a total of CNY 105,081,697.81 in undistributed profits[57]. - The first quarter report was not audited[59]. - The company has implemented new financial instrument and lease standards, with adjustments made to prior comparative data[58].