Workflow
三变科技(002112) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥159,921,466.58, representing a 50.50% increase compared to ¥106,261,054.57 in the same period last year[8] - The net profit attributable to shareholders was ¥791,363.01, a significant turnaround from a loss of ¥7,678,570.33 in the previous year, marking a 110.31% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥135,430.60, compared to a loss of ¥12,522,140.65 last year, reflecting a 101.08% increase[8] - Operating revenue grew by 50.50% to ¥159.92 million from ¥106.26 million, driven by increased shipments and revenue recognition from contract orders[17] - Operating profit surged by 110.18% to ¥0.78 million from a loss of ¥7.68 million, attributed to revenue growth and a significant decrease in financial expenses[17] - The company achieved a total profit of ¥791,363.01, recovering from a total loss of ¥7,678,570.33 in the previous period[38] Cash Flow - The company's cash flow from operating activities was negative at -¥17,409,822.81, which is a 16.74% decline from -¥14,913,011.38 in the previous year[8] - The net cash flow from operating activities declined by 16.74% to -¥17.41 million from -¥14.91 million, primarily due to reduced customer payment collections[17] - Cash flow from operating activities was ¥116,900,101.12, a decrease from ¥131,707,505.63 in the prior period[45] - Total cash inflow from operating activities was 136,200,257.10 yuan, down from 155,969,557.98 yuan year-over-year[46] - Cash outflow from operating activities totaled 153,610,079.91 yuan, compared to 170,882,569.36 yuan in the previous period, showing a decrease in cash outflow[46] - The net cash flow from investing activities dropped by 109.35% to -¥0.47 million from ¥4.97 million, as the previous period had higher investment income[17] - The net cash flow from financing activities decreased by 199.02% to -¥33.78 million from ¥34.11 million, largely due to a significant reduction in bank loans[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥954,097,276.17, down 4.84% from ¥1,002,587,459.37 at the end of the previous year[8] - Current liabilities decreased from CNY 566,246,898.46 to CNY 517,554,141.88, a reduction of about 8.6%[29] - Total liabilities decreased from CNY 618,084,674.98 to CNY 568,803,128.77, reflecting a decline of around 8.0%[29] - Owner's equity increased slightly from CNY 384,502,784.39 to CNY 385,294,147.40, an increase of about 0.2%[30] - Total assets decreased from CNY 1,002,587,459.37 to CNY 954,097,276.17, a decline of approximately 4.8%[28] - The company reported a total of CNY 678,535,662.76 in current assets, with inventory valued at CNY 215,036,478.32[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,463[11] - The largest shareholder, Zhejiang Sanbian Group Co., Ltd., held 14.77% of the shares, amounting to 29,770,931 shares[11] Financial Expenses - Financial expenses decreased by 52.03% to ¥4.36 million from ¥9.08 million, mainly due to a reduction in loan scale and lower interest expenses[16] - Financial expenses decreased significantly to ¥4,355,888.74 from ¥9,080,409.11, a reduction of about 52.0%[37] Other Financial Metrics - The weighted average return on net assets improved to 0.21%, up from -2.05% in the same period last year, indicating a positive trend[8] - The company reported non-recurring gains totaling ¥655,932.41, which included government subsidies and other income[9] - Research and development expenses increased to ¥5,264,164.11 from ¥4,626,473.67, reflecting a rise of approximately 13.8%[41] - The company reported a slight increase in undistributed profits from CNY 63,141,878.36 to CNY 63,933,241.37, an increase of approximately 1.2%[30] - Basic and diluted earnings per share for the current period were both reported as ¥0.00, compared to a loss of ¥0.040 in the previous period[42] Asset Management - Cash and cash equivalents decreased by 36.96% to ¥74.56 million from ¥118.27 million due to a reduction in acceptance guarantee deposits[15] - Other receivables increased by 34.48% to ¥19.04 million from ¥14.16 million primarily due to higher external bidding guarantee expenditures[16] - Accounts receivable increased from CNY 276,999,215.48 to CNY 304,483,440.69, an increase of about 9.9%[32] - Inventory decreased from CNY 215,036,478.32 to CNY 189,748,650.88, a reduction of approximately 11.7%[32] - Prepayments decreased from CNY 46,928,050.54 to CNY 37,093,871.89, a decline of about 20.9%[32] Corporate Actions - The company terminated a major asset restructuring plan due to failure to reach consensus on core terms with the counterparties[18] - The company reported a 100% decrease in available-for-sale financial assets, reclassified to other equity instruments under new financial instrument standards[16] - The company executed adjustments related to new financial and leasing standards, but it is not applicable for retrospective adjustments[57] - The company has not undergone an audit for the first quarter report[57]