Workflow
*ST中捷(002021) - 2019 Q1 - 季度财报
ZJRZJR(SZ:002021)2019-04-29 16:00

Financial Performance - The company's revenue for Q1 2019 was ¥265,490,148.32, representing a decrease of 13.56% compared to ¥307,124,952.30 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥3,214,284.86, an improvement of 71.87% from a loss of ¥11,425,417.48 in the previous year[8] - The basic earnings per share were -¥0.0047, showing a 71.69% improvement from -¥0.0166 in the same period last year[8] - Operating profit decreased by 75.75% year-on-year, despite a 13.56% decline in operating revenue, as total operating costs decreased by 14.66%[16] - Total profit decreased by 80.40% year-on-year, primarily due to the decline in operating profit[16] - The company reported a net loss of CNY 7,747,543.24 for Q1 2019, compared to a net loss of CNY 13,047,054.84 in Q1 2018[43] - The company reported a total profit of -2,459,103.18 CNY, an improvement from -12,545,605.94 CNY in the same quarter last year[44] - The company experienced a comprehensive loss of -3,478,716.41 CNY in Q1 2019, compared to -12,233,871.24 CNY in the previous year, reflecting a 71.5% reduction in losses[45] Cash Flow - The net cash flow from operating activities was ¥26,610,379.51, down 17.47% from ¥32,245,229.73 in the same period last year[8] - Total cash inflow from operating activities was ¥318,710,374.77, while cash outflow was ¥292,099,995.26, resulting in a net cash inflow of ¥26,610,379.51[50] - Cash flow from investment activities showed a net outflow of ¥3,626,990.60, compared to a net outflow of ¥12,529,675.54 in the previous year[51] - Cash inflow from financing activities was ¥59,833,522.00, with a net cash outflow of ¥1,946,438.76, contrasting with a net inflow of ¥23,088,328.02 in Q1 2018[51] - The total cash and cash equivalents at the end of the period was ¥59,141,414.69, down from ¥142,370,285.40 at the end of Q1 2018[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,278,049,872.86, a decrease of 28.25% from ¥1,781,277,383.05 at the end of the previous year[8] - Total liabilities decreased to CNY 582,441,136.29 from CNY 647,771,277.57, reflecting a reduction of approximately 10.1%[37] - Total assets as of March 31, 2019, were CNY 850,953,621.92, down from CNY 863,729,760.38 at the end of 2018[42] - The company's equity attributable to shareholders decreased to CNY 695,610,166.61 from CNY 699,088,547.69, a decline of about 0.5%[37] - The total liabilities to total assets ratio stands at approximately 48.1%[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,525[11] - The top shareholder, Zhejiang Zhongjie Huanzhou Supply Chain Group Co., Ltd., held 17.45% of the shares, amounting to 120,000,000 shares[11] Research and Development - The company's research and development expenses increased by 36.83% compared to the same period last year, primarily due to increased R&D investments by its subsidiary Zhongjie Technology[15] - Research and development expenditures are expected to grow compared to the previous year, reflecting the company's commitment to innovation[26] Legal Matters - The company has ongoing litigation regarding a 4.17% equity dispute with Jiangxi Jinyuan Agricultural Development Co., Ltd., with a favorable first-instance judgment received[17] - The company is involved in a lawsuit concerning a 100% equity transfer dispute with Chengde Shuo Da Mining Co., Ltd., with a claim for 127 million RMB in principal and additional penalties[18] - As of the report date, 120 million shares held by Zhejiang Huanzhou are under judicial freeze, with no resolution yet[21] Future Projections - The estimated net profit for the first half of 2019 is projected to be between -35 million and -20 million RMB, compared to a net profit of 27.58 million RMB in the same period of 2018, indicating a significant decline[26] - The decline in net profit is primarily attributed to the absence of asset disposal gains, as the previous year included over 50 million RMB from the sale of 100% equity in Zhongyi Machinery[26] - Sales revenue from the main business of industrial sewing machines is expected to decrease compared to the same period last year, compounded by increased foreign exchange losses[26] - The company plans to increase marketing activities for the 25th anniversary of the Zhongjie brand, which is anticipated to raise sales expenses[26]