*ST新海(002089) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥68,694,413.56, representing a decrease of 23.84% compared to ¥90,194,767.95 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥42,446,740.11, a decline of 333.13% from a profit of ¥18,207,323.03 in the previous year[7] - The basic earnings per share were -¥0.0309, down 334.09% from ¥0.0132 in the previous year[7] - The total profit and net profit for the first quarter decreased by 66.76 million and 63.79 million respectively, representing declines of 444.76% and 472.96% year-on-year, primarily due to reduced sales during the Spring Festival holiday[16] - Net loss for Q1 2019 was ¥50,300,993.85, compared to a net profit of ¥13,487,140.18 in Q1 2018, indicating a significant decline in profitability[47] Cash Flow - The net cash flow from operating activities was negative at ¥33,584,115.87, a decrease of 448.62% compared to ¥9,633,344.06 in the same period last year[7] - The net cash flow from operating activities decreased by 43.22 million, down 448.63%, mainly due to a significant increase in payments for raw materials compared to the previous year[16] - Cash flow from operating activities showed a net outflow of CNY 33,584,115.87, compared to a net inflow of CNY 9,633,344.06 in the previous period[55] - The company reported a significant increase in cash received from operating activities, totaling CNY 551,000,984.77, compared to CNY 261,046,517.52 in the previous period[55] - Net cash flow from operating activities was negative CNY 19,287,755.90, an improvement compared to negative CNY 67,297,053.34 in the prior period[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,019,560,434.82, an increase of 3.28% from ¥4,860,375,480.44 at the end of the previous year[7] - The company's total assets as of March 31, 2019, amounted to ¥3,463,655,493.62, an increase from ¥3,041,985,457.57 at the end of 2018[44] - Total current liabilities rose to ¥2,671,290,379.29 from ¥2,425,821,455.55, indicating an increase of approximately 10.14%[38] - The total liabilities of the company reached ¥3,610,005,488.16, up from ¥3,398,543,420.27, reflecting an increase of about 6.21%[38] - The company's equity attributable to shareholders decreased to ¥1,159,567,841.59 from ¥1,169,072,400.83, a decline of 0.8%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 90,560[10] - Major shareholders include Zhang Yibin with 18.05% and Ma Lingzhi with 16.46% of the shares, both of whom have pledged a significant portion of their holdings[10] Investments and Acquisitions - The company signed an agreement to acquire 40% equity in a lithium mine project through its investment in the Guoao Fund, aligning with its strategic transformation in the new energy field[18] - The company transferred 28% of its shares in Nanjing Haiyi Star Energy Technology Co., Ltd. for a consideration of 25.20 million, aiming to reduce investment risks in the new energy sector[17] Government Support - The company received government subsidies amounting to ¥519,844.33 during the reporting period[8] Commitments and Compliance - The company has committed to not engaging in any business activities that are the same or similar to its main business[25] - The company has made commitments to avoid conflicts of interest and ensure that funds are not directly or indirectly provided to controlling shareholders or related parties[25] - The company has not reported any violations regarding external guarantees during the reporting period[28] Performance Commitments - The company has not fulfilled its performance commitments for the years 2016 and 2017, resulting in a negative profit for 2017[26] - The company is in discussions regarding compensation methods for performance shortfalls, including cash or equivalent shares[24] Research and Development - Research and development expenses for Q1 2019 were CNY 2,281,756.45, down from CNY 3,272,013.70 in the previous year, indicating a reduction of 30.3%[50] Share Repurchase - The company repurchased a total of 2,489,000 shares, accounting for 0.18% of the total share capital, with a total transaction amount of approximately 9.99 million (excluding transaction fees)[22] - The company has engaged in a share repurchase program, details of which are available in public announcements[23] Market and Product Development - The company has not disclosed any significant market expansion or new product developments in the current report[24] - The company has not provided any updates on its operating performance expectations for the first half of 2019[27] Audit and Financial Adjustments - The company did not undergo an audit for the first quarter report[61] - The financial report adjustments related to new financial instruments and revenue standards were not applicable[61]