华东数控(002248) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥25,203,337.84, representing an increase of 8.85% compared to ¥23,153,339.98 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥15,572,525.27, which is a 50.28% improvement from a loss of ¥31,319,711.61 in the previous year[7] - The company reported a net loss of ¥1,023,030,553.70 in retained earnings as of March 31, 2019, compared to a loss of ¥1,007,458,028.43 at the end of 2018[40] - The company achieved other income of ¥117,500.00 during the current period, contributing positively to the overall financial performance[46] - The company reported a total comprehensive loss of -¥17,034,001.12, an improvement from -¥36,127,998.98, showing a 52.96% reduction in comprehensive losses[46] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥6,718,895.73, a 71.88% reduction from ¥23,896,826.24 in the same period last year[7] - Cash and cash equivalents at the end of the reporting period amounted to 7.80 million yuan, a decrease of 12.91 million yuan or 62.32% compared to the beginning of the period, primarily due to tax payments and employee compensation[19] - The total cash inflow from operating activities was ¥22,743,149.89, compared to ¥31,648,537.83 in the previous period, indicating a decline in overall cash inflow[53] - The total cash outflow from operating activities was ¥17,944,093.69, down from ¥26,156,057.22, reflecting improved cost management[53] - The net cash flow from operating activities for the current period is ¥4,799,056.20, a decrease of 12.6% compared to ¥5,492,480.61 in the previous period[53] Assets and Liabilities - The total assets at the end of the reporting period were ¥738,520,346.19, down 4.33% from ¥771,962,940.60 at the end of the previous year[7] - Current assets totaled ¥335,964,522.77, down 7.15% from ¥361,863,947.60 at the end of 2018[38] - Total liabilities were ¥684,246,688.36, reflecting a decrease of 2.73% from ¥700,863,290.48[40] - The company's equity attributable to shareholders decreased to ¥88,842,212.70, down 14.73% from ¥104,206,729.14[40] - Short-term borrowings increased slightly to ¥205,471,600.00, compared to ¥204,074,050.00 at the end of 2018[40] Expenses - Sales expenses increased by 32.12%, totaling ¥2,862,400, primarily due to higher sales commissions[16] - Management expenses decreased by 63.22%, amounting to ¥5,282,400, due to reduced depreciation and the exclusion of a subsidiary from the consolidated financial statements[16] - Total operating costs decreased to ¥45,781,868.50 from ¥60,014,645.04, a reduction of 23.73%[46] - Research and development expenses were ¥1,255,334.65, slightly decreased from ¥1,627,061.25, indicating a focus on cost management[46] Future Outlook - The company expects a net profit for the first half of 2019 to be between -45.00 million yuan and -25.00 million yuan, compared to a net profit of -111.78 million yuan in the same period of 2018[27] - The company anticipates that the effects of measures to restore production and management will gradually become evident, leading to increased sales and reduced costs[27] Other Information - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] - The company has not engaged in any significant mergers or acquisitions during the reporting period[24] - There were no violations regarding external guarantees during the reporting period[28] - The company recorded an asset disposal gain of ¥3,163,100, which was not present in the previous year[17]