众泰汽车(000980) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥3,969,077,631.66, a decrease of 27.11% compared to ¥5,445,618,511.81 in the same period last year[8]. - Net profit attributable to shareholders was ¥105,922,334.70, down 24.85% from ¥140,950,446.19 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥100,381,537.97, reflecting a decline of 28.19% compared to ¥139,791,757.58 in the previous year[8]. - Basic earnings per share decreased by 28.57% to ¥0.05 from ¥0.07 year-on-year[8]. - Total operating revenue for the current period is ¥3,969,077,631.66, a decrease of 27.1% from ¥5,445,618,511.81 in the previous period[51]. - Net profit for the current period is ¥106,113,431.16, a decline of 25.0% compared to ¥141,230,884.59 in the previous period[55]. Cash Flow - The net cash flow from operating activities was negative at ¥927,901,809.42, worsening from a negative cash flow of ¥569,431,251.16 in the same period last year[8]. - Operating cash flow net amount decreased by 63.45% to -¥927,901,809.42 from -¥569,431,251.16, primarily due to a decline in operating revenue[20]. - Cash inflow from operating activities totaled 2,254,195,431.84 CNY, down from 2,528,327,254.30 CNY year-over-year[69]. - Cash outflow from operating activities increased to 3,182,097,241.26 CNY from 3,097,758,505.46 CNY, reflecting higher operational costs[69]. - Net cash flow from investing activities was -306,248,812.42 CNY, an improvement from -1,080,486,167.48 CNY in the previous period[71]. - Net cash flow from financing activities was negative at -$106.32 million, a decline from a positive $34.68 million in the previous period[78]. Assets and Liabilities - Total assets at the end of the reporting period were ¥32,069,838,450.06, a decrease of 1.26% from ¥32,479,109,181.81 at the end of the previous year[8]. - Total current assets decreased to ¥16,941,391,228.72 from ¥17,333,117,661.47[34]. - The total liabilities decreased from 14,900,070,866.67 to 14,384,686,703.76, a reduction of approximately 3.46%[37]. - The total owner's equity increased from 17,579,038,315.14 to 17,685,151,746.30, reflecting a growth of about 0.60%[40]. - The total current liabilities decreased from 14,234,488,716.05 to 13,750,898,829.76, a decrease of approximately 3.39%[37]. Expenses - Total operating costs for the current period amount to ¥3,991,732,415.81, down 24.1% from ¥5,259,307,147.31 in the previous period[51]. - Research and development expenses increased to ¥114,361,721.86, up 12.5% from ¥101,577,788.62 in the previous period[51]. - Sales expenses decreased to ¥207,349,227.74, down 29.6% from ¥294,394,748.52 in the previous period[51]. - Management expenses slightly decreased to ¥158,774,547.88 from ¥161,779,182.87 in the previous period[51]. - Financial expenses decreased to ¥41,915,610.74, down 22.5% from ¥54,116,395.59 in the previous period[51]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 66,589, with the largest shareholder holding 38.78% of the shares[11]. - The company's total equity attributable to shareholders increased by 0.60% to ¥17,674,702,377.84 from ¥17,568,780,043.14 at the end of the previous year[8]. Other Income and Subsidies - The company reported government subsidies of ¥3,010,584.08 during the reporting period[8]. - Other income recorded was ¥159,162,351.50, attributed to government subsidies received during the period[20]. - Total comprehensive income amounted to -13,886,508.28 CNY, a decrease from -2,041,998.68 CNY in the previous period[65]. Cash and Cash Equivalents - Cash and cash equivalents decreased by 32.83% to ¥2,898,455,166.29 from ¥4,314,953,254.49 due to reduced operating expenses[20]. - The company's cash and cash equivalents decreased significantly from 1,085,377,379.78 to 259,442,476.37, a decline of approximately 76.06%[41]. - The ending cash and cash equivalents balance was 1,191,211,378.81 CNY, down from 3,049,517,525.32 CNY year-over-year[71]. - The beginning balance of cash and cash equivalents was $962.62 million, down from $1.69 billion in the previous period[78]. - The ending balance of cash and cash equivalents was $162.78 million, significantly lower than $1.68 billion in the previous period[78]. Audit Information - The first quarter report was not audited[79].