Azure(SZ:002245)2019-04-23 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥826,218,035.82, a decrease of 9.16% compared to ¥909,508,459.60 in the same period last year[9]. - Net profit attributable to shareholders was ¥39,384,012.05, down 56.13% from ¥89,780,986.15 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥17,987,233.84, a decline of 77.29% compared to ¥79,218,213.84 in the previous year[9]. - Basic earnings per share decreased to ¥0.0401, down 56.08% from ¥0.0913 year-on-year[9]. - The company's net profit for Q1 2019 decreased by CNY 50.40 million, a decline of 56.13% year-on-year, mainly due to the continuous decline in LED chip prices since early 2018[21]. - Net profit for the current period was ¥80,582,711.80, down 37.4% from ¥128,713,020.46 in the previous period[56]. - The net profit for the current period is CNY 4,879,212.95, compared to CNY 13,055,507.79 in the previous period, indicating a decrease of approximately 62.6%[67]. - The total comprehensive income for the current period is CNY 4,879,212.95, down from CNY 13,055,507.79, reflecting a decline of about 62.6%[67]. Cash Flow - The net cash flow from operating activities increased significantly to ¥396,910,574.42, up 2,435.87% from ¥15,651,856.80 in the same period last year[9]. - Cash flow from operating activities generated CNY 396,910,574.42, a significant increase from CNY 15,651,856.80 in the previous period[71]. - Cash inflow from sales of goods and services reached CNY 909,891,558.44, compared to CNY 648,470,340.92 in the previous period, representing an increase of approximately 40.2%[68]. - Cash outflow for purchasing goods and services was CNY 385,560,205.39, down from CNY 519,920,053.27, indicating a decrease of about 26.0%[71]. - The net cash flow from investing activities was CNY -356,535,605.40, compared to CNY -65,049,519.55 in the previous period, showing a worsening of investment cash flow[74]. - Cash flow from financing activities resulted in a net outflow of CNY -7,367,619.15, contrasting with a net inflow of CNY 81,092,891.97 in the previous period[74]. - The ending balance of cash and cash equivalents is CNY 176,162,412.49, compared to CNY 201,107,458.52 at the end of the previous period, reflecting a decrease of about 12.4%[74]. - Operating cash inflow totaled $257.79 million, an increase from $235.49 million year-over-year[78]. - Operating cash outflow decreased to $147.83 million from $216.47 million year-over-year[78]. - Net cash flow from operating activities reached $109.96 million, significantly up from $19.01 million year-over-year[78]. - Investment cash inflow was $131.01 million, down from $186.22 million year-over-year[78]. - Net cash flow from investment activities was -$91.34 million, compared to $184.84 million year-over-year[78]. - Financing cash inflow amounted to $91.81 million, a decrease from $113.87 million year-over-year[81]. - Net cash flow from financing activities was $19.89 million, recovering from a negative $177.09 million year-over-year[81]. - The cash and cash equivalents at the end of the period increased to $64.51 million from $43.88 million year-over-year[81]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,304,059,271.91, a slight decrease of 1.01% from ¥7,378,891,777.86 at the end of the previous year[9]. - Total current assets decreased from ¥3,793,716,521.59 to ¥3,729,925,915.99, a decline of approximately 1.7%[36]. - Total non-current assets slightly decreased from ¥3,585,175,256.27 to ¥3,574,133,355.92, a decline of about 0.3%[36]. - Total current liabilities increased significantly from ¥2,641,555,657.70 to ¥3,650,695,364.85, an increase of about 38.1%[39]. - Total liabilities increased from ¥3,379,409,472.14 to ¥4,395,889,911.56, an increase of approximately 30%[39]. - The company's total liabilities increased to ¥2,372,012,298.24, compared to ¥1,232,801,167.81 in the previous period, reflecting a growth of 92.6%[52]. - Total equity decreased from ¥3,999,482,305.72 to ¥2,908,169,360.35, a decline of about 27.3%[42]. - The company's retained earnings decreased from ¥1,181,262,004.78 to ¥1,014,746,732.36, a decline of about 14.1%[42]. - Other payables surged from ¥180,337,894.90 to ¥1,100,560,360.96, an increase of about 510.5%[39]. - Long-term borrowings increased from ¥78,272,771.01 to ¥89,060,914.61, an increase of approximately 10.1%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,015[13]. - The largest shareholder, Aoyang Group Co., Ltd., held 32.39% of the shares, with 317,838,000 shares pledged[13]. - Net assets attributable to shareholders decreased by 24.10% to ¥2,046,678,627.90 from ¥2,696,481,197.52 at the end of the previous year[9]. - The company's minority shareholders' equity decreased by CNY 441.51 million, a decline of 33.88% year-on-year, as Jiangsu Greenway became a wholly-owned subsidiary[21]. Government Support and Expenses - The company received government subsidies amounting to ¥47,007,919.02 during the reporting period[9]. - Financial expenses for Q1 2019 increased by CNY 5.63 million, a growth of 41.35% year-on-year, primarily due to higher interest expenses from large bill discounting[21]. - Other income increased by CNY 31.69 million, a growth of 206.38% year-on-year, mainly due to increased government subsidies received during the reporting period[21]. - The company's income tax expense decreased by CNY 16.27 million, a decline of 51.90% year-on-year, primarily due to the decrease in net profit during the reporting period[21]. Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming quarters[56]. - The company acquired 52.94% of Jiangsu Greenway Lithium Energy Co., Ltd., making it a wholly-owned subsidiary, with the transaction completed on April 12, 2019[22]. Audit and Reporting - The company did not undergo an audit for the first quarter report[82]. - The report was released by the Chairman, Shen Xueru, on April 22, 2019[83].