冀东装备(000856) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥608,089,153.33, representing a 73.38% increase compared to ¥350,732,210.52 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥1,573,358.37, a decrease of 291.78% from a profit of ¥820,412.18 in the previous year[6] - The gross profit margin decreased significantly due to increased operating costs, with operating costs rising by 77.67% to ¥567,551,149.52[13] - The company's net profit for the first quarter of 2019 showed a significant loss, with undistributed profits at CNY -384,571,810.98, worsening from CNY -375,250,397.90 year-over-year[36] - The total profit for the current period was ¥137,005.30, a decrease from ¥1,459,201.63 in the previous period[40] Cash Flow - The net cash flow from operating activities was -¥101,473,123.07, showing a slight improvement of 4.99% compared to -¥106,800,439.92 in the previous year[6] - The net cash flow from investing activities was -8,410,917.85, a significant decrease of 935.60% compared to -812,177.85, attributed to increased construction expenditures[14] - The net cash flow from financing activities was -7,099,421.42, a decrease of 119.11% compared to 37,151,110.12, mainly due to a reduction in short-term borrowings[14] - The total cash inflow from operating activities was 318,016,137.15 CNY, while cash outflow was 419,489,260.22 CNY, resulting in a net cash outflow of 101,473,123.07 CNY[47] - The cash flow from operating activities was ¥310,296,251.60, a substantial increase from ¥141,357,370.20 in the previous period[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,137,634,060.10, an increase of 3.18% from ¥2,071,733,585.27 at the end of the previous year[6] - The company's total liabilities increased, with contract liabilities rising by 30.44% to ¥173,569,179.74, indicating growth in pre-received project payments[13] - The total current assets increased to 1,640,597,503.31 from 1,574,729,923.68, reflecting a growth in receivables and inventory[29] - The total liabilities increased to CNY 406,093,136.31 in the first quarter of 2019, compared to CNY 447,759,964.77 in the same period last year, showing a decline of about 9.3%[36] Shareholder Information - The company reported a total of 53,236 common shareholders at the end of the reporting period[8] - The largest shareholder, Jidong Development Group, holds 30.00% of the shares, totaling 68,099,999 shares[8] Research and Development - The company's R&D expenses increased by 150.76% to ¥8,029,418.59, up from ¥3,202,096.34 in the previous year, indicating a focus on innovation[13] - The company's research and development expenses for the first quarter were CNY 8,029,418.59, significantly higher than CNY 3,202,096.34 in the previous year, marking an increase of about 150.0%[37] - Research and development expenses increased to ¥6,621,012.83 from ¥2,359,098.15, reflecting a growth of 180.5%[42] Government Support - The company received government subsidies amounting to ¥310,000.00 during the reporting period, contributing to other income[7] Financial Challenges - The company recorded a credit impairment loss of -¥1,944,136.00, indicating potential challenges in asset quality[43] - The company reported a significant increase in financial expenses, totaling ¥2,265,997.96 compared to ¥1,971,811.69 in the previous period[42] Capital and Loans - The company has completed a capital increase of 23.87 million for Tangshan Dunshi Electric Co., Ltd. as of the report date[15] - The company has applied for a loan of up to 300 million RMB from financial institutions to support liquidity, with 146 million RMB already applied as of the report date[15]