*ST西发(000752) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥71,241,900.55, a decrease of 21.86% compared to ¥91,166,350.10 in the same period last year[7]. - The net profit attributable to shareholders was -¥21,862,181.25, representing a decline of 752.18% from ¥3,352,189.12 year-on-year[7]. - The net cash flow from operating activities was ¥44,670,127.24, down 58.10% from ¥106,599,580.90 in the previous year[7]. - The basic earnings per share were -¥0.0829, a decrease of 752.76% compared to ¥0.0127 in the same period last year[7]. - The company reported a net loss of CNY 4,782,678.21 for the period, compared to a profit of CNY 17,079,503.04 in the previous year[54]. - The net profit attributable to the parent company was -21,862,181.25 CNY, compared to a profit of 3,352,189.12 CNY in the previous period[73]. - The total comprehensive income for the current period was -24,203,221.66 CNY, compared to -2,305,885.85 CNY in the previous period[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,148,312,384.81, an increase of 0.53% from ¥1,142,311,742.90 at the end of the previous year[9]. - The total liabilities increased to CNY 543,309,132.57 from CNY 517,810,855.57, marking an increase of about 4.9%[54]. - The company's equity attributable to shareholders decreased from CNY 374,122,687.83 to CNY 352,260,506.58, a decline of approximately 5.8%[54]. - The total current liabilities rose to CNY 489,356,743.26 from CNY 466,028,981.86, an increase of approximately 5%[54]. - The total assets amounted to 1,142,311,742.90 CNY, with current assets at 463,787,471.69 CNY and non-current assets at 678,524,271.21 CNY[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,078[13]. - The top 10 shareholders hold a total of 43,078 shares, with the largest shareholder, Tibet Tianyi Longxing Investment Co., Ltd., owning 10.65% (28,099,562 shares) of the company[17]. - The state-owned Tibet Autonomous Region State-owned Assets Management Company owns 7.30% (19,242,842 shares) of the company[17]. - The report indicates that Ma Shufen and Li Min are acting in concert regarding their shareholdings[18]. - The total number of shares held by the top 10 shareholders is significant, with a combined ownership of over 78%[17]. Cash Flow - The company reported cash inflows from operating activities of CNY 113,845,325.83, a decrease of 37.9% compared to the previous period's CNY 182,931,002.00[84]. - The ending balance of cash and cash equivalents was CNY 378,928,432.22, down from CNY 475,402,704.57 in the previous period[87]. - Cash outflows from financing activities totaled CNY 258,402,894.44, with CNY 68,000,000.00 allocated to debt repayment and CNY 190,402,894.44 for dividend distribution and interest payments[87]. - The company’s cash flow from operating activities was impacted by a reduction in sales and service revenue, reflecting broader market challenges[84]. Legal and Compliance Issues - The company is involved in multiple lawsuits, which may impact its financial condition and operations if it is required to bear liability[23][24][26]. - The company is facing a claim for repayment of 80 million RMB and interest of 6.4 million RMB, with potential severe impacts on its financial status if the court rules against it[33]. - The company has been ordered by the court to repay a loan principal of 10,146,297.96 yuan and a penalty of 338,209.93 yuan, totaling 10,484,507.89 yuan, with a 24% annual interest rate on overdue amounts[36]. - The company is actively pursuing the recovery of funds related to unauthorized borrowings and has engaged in legal actions to address these issues[40]. - The company is facing multiple lawsuits and arbitration disputes that could lead to significant financial liabilities if not resolved favorably[40]. Operational Challenges - The company has seen a substantial increase in management expenses by 83.5% year-on-year, mainly due to litigation and advertising costs[21]. - The company reported a significant increase in investment losses, which rose by 335.29% compared to the previous year[4]. - Inventory decreased by 30.04% year-on-year, primarily because the brewery failed to successfully order new beer bottles[21]. - Accounts payable increased by 76.13% compared to last year, due to increased material costs from malt and packaging orders[21]. - The company is focusing on research and development, with R&D expenses included in management expenses[74].