海南发展(002163) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥891,564,459.58, a decrease of 17.59% compared to ¥1,081,772,941.43 in the same period last year[10] - The net profit attributable to shareholders was -¥34,325,441.20, representing a decline of 326.89% from -¥7,865,089.69 in the previous year[10] - The basic earnings per share for the period was -¥0.04, a decline of 300.00% from -¥0.01 in the same period last year[10] - The diluted earnings per share also stood at -¥0.04, reflecting the same percentage decline as the basic earnings per share[10] - Net profit decreased by 87.87% to -¥48,197,329.18, impacted by reduced production and sales of solar glass products[25] - Total profit decreased by 131.21% to -¥49,563,166.30, mainly due to the decline in solar glass production line technology[25] - The company's return on equity was -5.17%, a decrease of 3.94% compared to the previous year[25] - The total comprehensive loss for the current period is -¥48,197,329.18, compared to -¥25,654,127.63 in the previous period[59] Cash Flow - The net cash flow from operating activities improved to ¥35,845,458.90, a significant increase of 229.15% compared to -¥29,805,857.28 in the same period last year[10] - Net cash flow from operating activities improved to ¥35,845,458.90 compared to a negative ¥27,754,210.41 in the previous year, attributed to enhanced collection efforts[25] - Cash inflow from operating activities totaled 1,224,207,538.69, an increase from 1,151,525,747.79 in the previous period[72] - Cash outflow from investing activities was 8,794,068.15, down from 10,117,676.97 in the previous period[74] - Net cash flow from investing activities was -8,767,568.15, an improvement from -10,080,926.17 in the previous period[74] - Cash inflow from financing activities was 77,828,060.00, a decrease from 837,363,100.61 in the previous period[74] - Net cash flow from financing activities was -113,392,469.41, compared to -96,802,376.99 in the previous period[74] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,609,723,608.83, a decrease of 1.09% from ¥4,660,523,001.51 at the end of the previous year[10] - The net assets attributable to shareholders decreased by 5.01% to ¥646,517,319.91 from ¥680,632,034.98 at the end of the previous year[10] - Total liabilities amounted to ¥3,699,272,695.58, a slight decrease from ¥3,702,085,485.21 year-over-year[40] - The total current liabilities increased to ¥1,079,680,421.91 from ¥1,183,551,398.03, an increase of about 8.8%[50] - The long-term borrowings decreased to ¥60,690,797.90 from ¥63,317,354.92, a decrease of approximately 4.1%[40] - The total non-current liabilities decreased to ¥112,636,757.77 from ¥116,349,178.33, a decrease of about 3%[40] Expenses - Total operating costs decreased to ¥925,331,436.73, down 16.3% from ¥1,104,342,920.76[54] - Sales expenses decreased by 34.27% to ¥23,529,003.90 primarily due to the exclusion of Hainan Special Glass from the consolidated financial statements[25] - Financial expenses decreased significantly to ¥17,677,883.29 from ¥41,335,209.85, primarily due to reduced interest expenses[54] - Research and development expenses increased to ¥17,429,611.48, up from ¥16,331,429.91, reflecting ongoing investment in innovation[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,886[14] - The total equity attributable to shareholders decreased to ¥646,517,319.91 from ¥680,632,034.98, reflecting a decline of approximately 5%[43] Other Financial Information - The company reported government subsidies recognized in the current period amounting to ¥1,859,297.90[10] - The company's retained earnings showed a negative balance of ¥725,141,968.47, worsening from ¥690,816,527.27[43] - The company's gross profit margin has declined, with operating profit at -¥49,032,066.17, compared to -¥20,485,075.73 previously[57] - Investment income decreased by 1475.50% to -¥16,987,624.29 due to increased losses from joint ventures[25] - Other income decreased to ¥1,839,150.02 from ¥3,047,083.36, indicating a decline in ancillary revenue sources[54] Audit and Standards - The first quarter report was not audited[81] - The company has not applied the new financial instruments, revenue, and leasing standards for the first-time execution adjustments[81] - There are no retrospective adjustments for prior comparative data under the new financial instruments and leasing standards[81]