成飞集成(002190) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥480,858,376.81, representing a 37.18% increase compared to ¥350,531,972.72 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was -¥28,969,900.13, a decrease of 17.46% from -¥24,662,689.27 year-on-year[8]. - The basic earnings per share for the reporting period was -¥0.0808, a decrease of 17.44% from -¥0.0688 in the same period last year[8]. - The company reported a net loss for the current period of ¥89,697,177.65, compared to a net loss of ¥44,610,262.57 in the previous period, indicating a deterioration in profitability[55]. - The total comprehensive income for the current period is 1,736,553.43, down from 3,763,227.40 in the previous period, reflecting a decline of 53.8%[66]. Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥30,967,431.24, an 84.84% increase compared to -¥204,313,989.00 in the previous year[8]. - Cash flow from operating activities shows a net outflow of -30,967,431.24, compared to a larger outflow of -204,313,989.00 in the previous period[70]. - Cash inflow from operating activities totaled 556,777,009.83, an increase from 363,509,872.71 in the previous period[70]. - Cash outflow from operating activities was 587,744,441.07, slightly up from 567,823,861.71 in the previous period[70]. - The net cash flow from operating activities was -49,272,702.76, compared to -13,465,119.64 in the previous period, indicating a significant decline[77]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,986,186,521.87, down 3.40% from ¥9,302,533,584.65 at the end of the previous year[8]. - Total current assets decreased from ¥4,409,866,758.20 to ¥4,103,759,860.19, a decline of approximately 6.9%[35]. - Total liabilities decreased from ¥4,480,103,908.67 to ¥4,252,902,432.88, a decline of about 5.1%[38]. - Long-term borrowings decreased significantly from ¥577,988,100.00 to ¥423,058,275.00, a decrease of approximately 26.8%[38]. - The company reported a total equity of 4,822,429,675.98, reflecting a strong financial position[86]. Operational Costs - Operating costs rose by 13,055 million yuan, up 43.15% year-on-year, primarily due to the strategic transformation of AVIC Lithium Battery and increased production volume[19]. - The company reported a gross profit margin of approximately -19.5% for the current period, compared to -11.1% in the previous period, highlighting challenges in cost management[55]. - The cash paid for purchasing goods and services increased to 74,483,582.69 from 56,315,840.09, showing a rise in operational costs[77]. - The cash paid to employees rose to 21,824,964.62, compared to 19,286,314.31 in the previous period, indicating increased labor costs[77]. Research and Development - Research and development expenses increased by 1,307 million yuan, a growth of 36.70%, reflecting higher investment to enhance product competitiveness[19]. - Research and development expenses increased to ¥48,676,992.21, up 36.7% from ¥35,608,716.18 in the previous period, reflecting a focus on innovation[52]. - The company plans to continue investing in R&D to drive future growth, as indicated by the increase in R&D expenses[52]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,989, with the largest shareholder, China Aviation Industry Group, holding 53.17% of the shares[11]. - The net assets attributable to shareholders of the listed company decreased by 1.62%, amounting to ¥1,768,387,474.24 compared to ¥1,797,462,823.19 at the end of the previous year[8]. Government Support - The company received government subsidies amounting to ¥9,912,612.23 during the reporting period[8]. - Investment income decreased by 460 million yuan, a decline of 300.25%, due to reduced government subsidies received by the joint venture AVIC Lithium Battery Research Institute[19]. Future Outlook - The company plans to restructure its lithium battery business assets to improve asset quality and enhance competitive capabilities[20]. - The company has not provided any specific guidance or outlook for future performance in the available documents[90]. - There are no new product developments or market expansion strategies mentioned in the provided content[90].