ST升达(002259) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥202,596,344.72, representing a 9.47% increase compared to ¥185,066,199.51 in the same period last year[9]. - The net profit attributable to shareholders was -¥11,741,592.17, an increase in loss of 8.93% from -¥10,779,231.79 year-on-year[9]. - The total operating revenue for the first quarter of 2019 was CNY 202,596,344.72, an increase from CNY 185,066,199.51 in the same period last year, representing a growth of approximately 9%[43]. - The total operating costs for the first quarter of 2019 were CNY 214,952,936.94, up from CNY 194,421,440.85, indicating an increase of about 10.5%[43]. - The company's net profit for Q1 2019 was -11,776,062.85 CNY, compared to -9,981,358.97 CNY in the same period last year, indicating a decline of approximately 18%[45]. - The total comprehensive income for Q1 2019 was -11,776,062.85 CNY, compared to -9,981,358.97 CNY in the previous year, showing a deterioration of around 18%[46]. - The total profit for Q1 2019 was -12,388,498.12 CNY, compared to -9,560,842.66 CNY in the previous year, marking a decline of around 30%[45]. Cash Flow and Assets - The net cash flow from operating activities decreased by 65.31% to ¥4,454,379.56, down from ¥12,840,540.01 in the previous year[9]. - Cash and cash equivalents were reported at CNY 113,340,096.16, down from CNY 174,760,022.76, indicating a decrease of approximately 35.1%[34]. - The company reported a cash flow from operating activities of 4,454,379.56 CNY, down from 12,840,540.01 CNY in the previous year, representing a decline of approximately 65%[53]. - The net cash flow from operating activities for the first quarter was -442,497.86 CNY, an improvement from -2,920,449.25 CNY in the previous period[57]. - The cash flow from operating activities included 4,568,890.19 CNY received from other operating activities, compared to 665,130.66 CNY in the previous period[57]. - The total assets at the end of the reporting period were ¥2,765,817,403.64, a decrease of 9.91% from ¥3,069,953,593.85 at the end of the previous year[9]. - As of March 31, 2019, the company's total assets amounted to CNY 2,765,817,403.64, a decrease from CNY 3,069,953,593.85 as of December 31, 2018, representing a decline of approximately 9.9%[34]. Liabilities and Equity - The company's total liabilities increased to CNY 1,841,450,300.30 from CNY 1,800,000,000.00, showing an increase of approximately 2.3%[35]. - The total liabilities decreased to CNY 678,007,190.42 from CNY 844,208,766.79, reflecting a reduction of approximately 19.7%[41]. - The owner's equity totaled CNY 1,571,949,465.06, slightly down from CNY 1,583,263,104.75 compared to the previous year[42]. Fund Occupation Issues - The company is actively pursuing the recovery of funds occupied by the controlling shareholder and is in discussions regarding resolution[15]. - The performance commitment compensation from a subsidiary is expected to be ¥158,155,303.62 due to unmet profit targets[16]. - The company reported a fund occupation balance of approximately 635.88 million yuan, which represents 38.09% of the latest audited net assets[19]. - The controlling shareholder, Shengda Group, has committed to resolving the aforementioned guarantee and fund occupation issues by September 29, 2018, but has not fulfilled this commitment on time[19]. - The company plans to actively seek solutions to the fund occupation issues through various means, including equity transfers and asset restructuring[19]. - The company has a total of 87.155 million yuan in non-operating fund occupation, which is 58.35% of the total[23]. - The total non-operating fund occupation at the end of the reporting period was 116,634.5 million, accounting for 78.07% of the most recent audited net assets[26]. - The company has not disclosed any information regarding the progress of the CNY 4 billion fund occupation issue as of March 31, 2019[30]. - The company has not provided any undisclosed information regarding operational conditions during the communication sessions held in March 2019[30]. - The company has not disclosed any specific plans for future repayment of the non-operating fund occupation[26]. Operational Insights - The company has not provided a forecast for its operating performance for the first half of 2019[21]. - The company has not disclosed any new product or technology developments in the report[21]. - There are no updates on market expansion or mergers and acquisitions mentioned in the report[21]. - The research and development expenses were not explicitly detailed in the provided data, indicating a potential area for further inquiry[43]. - The company has not disclosed any new product launches or technological advancements in the current report[43]. Miscellaneous - The company has faced inquiries about abnormal stock price fluctuations, but has not disclosed relevant information[28]. - The company has been contacted regarding the forced transfer of funds from the fundraising account, with no undisclosed information provided[28]. - The report for the first quarter was not audited[60].