通富微电(002156) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,653,683,849.12, representing a 0.80% increase compared to ¥1,640,518,075.00 in the same period last year[3] - The net profit attributable to shareholders was -¥53,227,284.12, a decrease of 245.32% from ¥36,626,584.40 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥92,844,424.60, down 632.09% from ¥17,449,170.08 year-on-year[3] - The basic earnings per share were -¥0.05, a decline of 266.67% compared to ¥0.03 in the same period last year[3] - The diluted earnings per share were also -¥0.05, reflecting the same percentage decrease of 266.67% from the previous year[3] - The weighted average return on equity was -0.87%, down 1.49% from 0.62% in the previous year[3] - The net profit for Q1 2019 was a loss of CNY 51,704,185.26, compared to a profit of CNY 38,596,272.12 in the same period last year, indicating a significant decline[25] - The total comprehensive income for Q1 2019 was a loss of CNY 81,646,277.58, compared to a loss of CNY 10,971,205.82 in the same period last year[27] - The company reported a total comprehensive income of -29,530,991.51 CNY for the first quarter, compared to 46,103,507.82 CNY in the same period last year, indicating a decline of approximately 164%[30] Cash Flow and Liquidity - The net cash flow from operating activities increased by 328.29% to ¥353,232,599.75 from ¥82,474,437.38 in the same period last year[3] - Operating cash flow increased by 328.29% to RMB 353,232,599.75, driven by higher cash received from sales and reduced cash payments for goods[13] - Cash and cash equivalents increased by 116.43% to RMB 32,410,134.21, influenced by improved operating cash flow and reduced financing cash outflows[13] - The net cash flow from operating activities for Q1 2019 was CNY 273,166,402.06, a significant increase of 138.0% compared to CNY 114,349,150.24 in Q1 2018[35] - The total cash and cash equivalents at the end of Q1 2019 amounted to CNY 764,128,232.47, compared to CNY 605,761,356.87 at the end of Q1 2018, reflecting an increase of 26.1%[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,171,999,584.15, an increase of 1.46% from ¥13,968,377,342.51 at the end of the previous year[3] - The net assets attributable to shareholders decreased by 1.36% to ¥6,050,899,069.56 from ¥6,134,345,314.38 at the end of the previous year[3] - Current liabilities rose to ¥5,294,086,678.11, compared to ¥5,064,608,628.55, reflecting an increase of about 4.53%[18] - Non-current liabilities increased to ¥2,456,960,819.87 from ¥2,401,170,350.21, marking a growth of approximately 2.31%[18] - Total liabilities reached ¥7,751,047,497.98, up from ¥7,465,778,978.76, indicating an increase of around 3.83%[18] - Owner's equity decreased to ¥6,420,952,086.17 from ¥6,502,598,363.75, a decline of about 1.26%[19] - The company's total liabilities amounted to CNY 4,690,384,896.34, slightly up from CNY 4,634,096,425.30 year-over-year[23] - The total equity of the company decreased to CNY 6,112,579,369.91 from CNY 6,142,110,361.42, reflecting a decline of approximately 0.48%[23] Investment and Expenses - The company's construction in progress increased by 37.33% to RMB 1,130,939,919.77 due to increased investment in factories and equipment[11] - Long-term borrowings rose by 32.59% to RMB 478,399,551.87 as the company increased bank loans to enhance investment[11] - Research and development expenses for Q1 2019 were CNY 124,240,890.01, down from CNY 146,443,696.19, a decrease of about 15.16%[24] - The company reported a 55.29% increase in interest expenses to RMB 47,368,597.64, reflecting higher bank loan interest payments[11] Government Support - The company reported government subsidies amounting to ¥45,938,797.64 during the reporting period[4] - Other income surged by 107.15% to RMB 45,938,797.64, mainly due to increased government subsidies compared to the previous year[11] Inventory and Receivables - The company's inventory increased to RMB 1,375,124,859.79, up from RMB 1,330,295,297.97, indicating a potential buildup of stock[16] - Accounts receivable stood at ¥915,516,495.39, slightly down from ¥919,573,838.65, a decrease of about 0.45%[20] Accounting and Reporting - The company has not undergone an audit for the first quarter report, indicating a potential area for investor scrutiny[43] - The company adjusted its accounting policies in accordance with new financial instrument standards, which may impact future financial reporting[39]