山高环能(000803) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥4,637,040.32, a decrease of 92.27% compared to ¥60,000,977.32 in the same period last year[7]. - The net profit attributable to shareholders was -¥16,997,987.40, representing an increase of 267.15% from -¥4,629,768.30 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥17,226,985.63, an increase of 324.54% compared to -¥4,057,818.16 in the previous year[7]. - The basic earnings per share were -¥0.13, reflecting a 225.00% increase from -¥0.04 in the same period last year[7]. - The diluted earnings per share were also -¥0.13, showing a 225.00% increase compared to -¥0.04 year-on-year[7]. - The company reported a net loss of CNY 107,823,247.86 compared to a loss of CNY 90,825,260.46 in the previous period[31]. - Net loss for Q1 2019 amounted to CNY 22,818,384.07, compared to a net loss of CNY 7,808,487.53 in Q1 2018, representing an increase in loss of 192.73%[39]. - The total comprehensive loss for Q1 2019 was CNY 22,818,384.07, compared to a comprehensive loss of CNY 7,808,487.53 in Q1 2018, indicating a worsening financial position[40]. Cash Flow - The net cash flow from operating activities was ¥64,464,171.86, a significant improvement from -¥24,190,723.59 in the same period last year[46]. - Operating cash inflow for the current year is 92,725,203.21, an increase of 55,646,220.22 or 150.07% compared to the previous year[15]. - Operating cash outflow for the current year is 28,261,031.35, a decrease of 33,008,675.23 or 53.87% year-on-year[15]. - The total cash outflow from operating activities was 28,261,031.35 CNY, down from 61,269,706.58 CNY in the previous period[46]. - Cash inflow from sales of goods and services reached 89,386,365.97 CNY, up from 27,879,227.35 CNY in the previous year[45]. - The net cash flow from investing activities was -378,027.76 CNY, compared to -121,526.88 CNY in the previous year[47]. - The net cash flow from financing activities was -154,383,345.77 CNY, worsening from -3,347,988.25 CNY in the previous period[47]. - The ending cash and cash equivalents balance was 17,737,369.90 CNY, down from 36,623,050.07 CNY at the end of the previous period[47]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,086,641,071.64, down 17.43% from ¥1,316,028,790.82 at the end of the previous year[7]. - Total current assets decreased to CNY 543,432,709.47 from CNY 767,835,714.76, a decline of approximately 29.3%[29]. - Accounts receivable decreased to CNY 248,615,075.93 from CNY 382,273,625.70, representing a reduction of about 34.9%[28]. - Total liabilities decreased to CNY 937,085,770.11 from CNY 1,143,474,978.16, a decrease of approximately 18%[30]. - The company's total liabilities as of Q1 2019 were CNY 668,979,091.39, a decrease of 23.03% from CNY 867,984,186.61 in the previous year[36]. - The company’s total assets as of Q1 2019 were CNY 773,948,057.56, down from CNY 980,877,835.95 in the previous year, a decrease of 21.12%[36]. - The company’s total equity decreased to CNY 149,555,301.53 from CNY 172,553,812.66, a decline of approximately 13.3%[31]. - The total equity of the company decreased to CNY 104,968,966.17 in Q1 2019 from CNY 112,893,649.34 in the same period last year, reflecting a decline of 7.06%[36]. Costs and Expenses - The main business cost for the current year is 4,518,920.25, down by 44,987,460.35 or 90.87% year-on-year, reflecting a corresponding decrease in revenue[15]. - Total operating costs for Q1 2019 were CNY 28,060,539.10, down 58.55% from CNY 67,636,869.72 year-on-year[37]. - The company incurred financial expenses of CNY 4,850,059.99 in Q1 2019, a decrease of 19.43% from CNY 6,016,625.48 in Q1 2018[37]. - The company has incurred an asset impairment loss of 3,964,649.14, an increase of 2,841,880.38 or 253.11% due to the aging of accounts receivable[15]. - Research and development expenses for Q1 2019 were CNY 713,194.47, which is an increase of 146.06% compared to CNY 289,950.94 in Q1 2018[37]. Investments - The company has invested 309,174.29 in the development of a heating monitoring platform, marking a 100% increase in development expenditure[15]. - Cash inflow from investment activities is 114,050.00, a significant increase compared to the previous year[15]. - The company has no securities or derivative investments during the reporting period[19][20]. Audit and Compliance - The company has not undergone an audit for the first quarter report[52]. - The company’s financial statements have not been adjusted for new financial instrument standards, revenue standards, or leasing standards[52].