精工科技(002006) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥174,259,365.59, representing a 6.95% increase compared to ¥162,932,038.76 in the same period last year[9] - The net profit attributable to shareholders of the listed company was -¥27,298,249.15, a decrease of 324.58% from ¥12,155,058.55 in the previous year[9] - The basic earnings per share for the period was -¥0.06, down 300.00% from ¥0.03 in the previous year[9] - The company's net profit attributable to the parent company for Q1 2019 showed a loss, decreasing by 324.58% year-on-year, primarily due to a significant drop in sales of solar multi-crystalline silicon ingot furnaces amid low market demand[22] - The company expects a net loss of approximately RMB 38 million to RMB 28 million for the first half of 2019, compared to a net profit of RMB 31.48 million in the same period of 2018, indicating a significant decline in performance[38] - The net profit for the current period is a loss of CNY 29,921,020.81, compared to a profit of CNY 10,756,082.50 in the previous period, reflecting a significant decline[70] - The company’s total comprehensive income for the current period is a loss of CNY 29,921,020.81, compared to a profit of CNY 10,756,082.50 in the previous period[70] - Total comprehensive income amounted to -19,807,834.65, compared to 12,140,405.04 in the previous period[81] Cash Flow - The net cash flow from operating activities was -¥32,037,270.80, which is a decline of 48.58% compared to -¥21,562,978.65 in the same period last year[9] - The net cash flow from operating activities was -32,037,270.80, worsening from -21,562,978.65 in the previous period[85] - Cash inflow from operating activities totaled 239,501,639.00, an increase from 198,957,334.51 in the previous period[85] - Cash outflow from operating activities was 271,538,909.80, compared to 220,520,313.16 in the previous period[85] - Cash inflow from investing activities was 12,738,254.28, down from 16,763,159.18 in the previous period[88] - Net cash flow from investing activities was 1,830,279.01, compared to -35,868,245.96 in the previous period[88] - Cash inflow from financing activities was 105,100,000.00, down from 168,600,000.00 in the previous period[88] - Net cash flow from financing activities was 11,983,353.73, improving from -7,563,807.89 in the previous period[88] - The ending balance of cash and cash equivalents was 122,245,966.38, down from 158,719,616.17 in the previous period[88] - Cash and cash equivalents decreased by $7,948,297.07 compared to the previous period, resulting in a year-end balance of $78,615,358.22[94] - The net cash flow from financing activities was $11,983,353.73, a significant improvement from a negative cash flow of $7,216,141.59 in the previous period[94] - The total cash outflow from financing activities amounted to $93,116,646.27, down from $175,816,141.59 in the previous period[94] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $49,215.63, compared to a decrease of $350,654.72 in the previous period[94] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,940,821,361.08, an increase of 0.93% from ¥1,922,943,205.31 at the end of the previous year[9] - Total liabilities increased to ¥925,693,507.42 from ¥886,841,268.81, representing an increase of approximately 4.8% year-over-year[53] - Current liabilities totaled ¥923,004,007.42, up from ¥884,084,268.81, indicating a growth of about 4.4%[53] - Owner's equity decreased to ¥1,015,127,853.66 from ¥1,036,101,936.50, reflecting a decline of approximately 2.5%[56] - Total assets amounted to ¥1,940,821,361.08, compared to ¥1,922,943,205.31, showing a slight increase of about 0.9%[56] - Cash and cash equivalents decreased to ¥105,827,096.92 from ¥157,489,987.04, a decline of approximately 32.8%[57] - Accounts receivable decreased to ¥367,821,855.45 from ¥398,913,839.38, a reduction of about 7.8%[57] - Inventory remained relatively stable at ¥351,790,017.97 compared to ¥352,727,749.98, showing a negligible change[57] - Long-term investments in equity decreased slightly to ¥127,298,119.96 from ¥128,196,779.91, a decrease of about 0.7%[60] - Deferred income decreased marginally to ¥2,689,500.00 from ¥2,757,000.00, a decline of approximately 2.5%[63] - Unappropriated profits decreased to ¥163,022,484.26 from ¥182,830,318.91, reflecting a decrease of about 10.9%[66] Expenses and Investments - Consolidated management expenses for the reporting period amounted to 21.22 million yuan, an increase of 71.89% year-on-year, mainly due to increased employee compensation and related expenses[23] - The company's consolidated financial expenses reached 3.93 million yuan, up 152.71% year-on-year, primarily due to a significant increase in bank acceptance bill discounting expenses[23] - The company reported an asset impairment loss of CNY 10,296,485.82, compared to a gain of CNY -869,174.60 in the previous period[67] - Research and development expenses for the current period are CNY 8,764,103.22, slightly down from CNY 9,597,745.68 in the previous period[67] - The company has invested 147.91 million yuan in a new intelligent production line project with an annual output of 250,000 cabinets, with total investment planned at 251.96 million yuan[24] - The company signed a sales contract for a complete production line of large tow carbon fiber with a total contract amount of 225 million yuan, which is currently being executed[25] - The company provided a loan of 40 million yuan to Shenzhen Xinyuren Technology Co., Ltd. under a convertible bond investment agreement, with an annual interest rate of 8%[31] - Zhejiang Huayu Electric Co., Ltd., a company in which the company holds shares, has applied for bankruptcy reorganization due to insolvency and inability to pay due debts[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,755[13] - The controlling shareholder, Jinggong Group Co., Ltd., has had 141,809,800 shares frozen, accounting for 100% of its holdings, but this is not expected to impact the company's operations or control[36] - There were no non-operating fund occupations by controlling shareholders or related parties reported during the period[43] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[37] Other Information - The company received government subsidies amounting to ¥875,048.52 during the reporting period[9] - The company did not engage in any research, communication, or interview activities during the reporting period[44] - The company's first quarter report was not audited, indicating a potential area for further scrutiny in financial reporting[95]