森源电气(002358) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥391,413,892.01, a decrease of 26.92% compared to ¥535,575,570.69 in the same period last year[7]. - Net profit attributable to shareholders was ¥58,058,941.10, down 28.14% from ¥80,795,984.12 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥26,241,929.90, a significant decline of 67.33% compared to ¥80,334,214.53 in the previous year[7]. - Total operating revenue for Q1 2019 was ¥391,413,892.01, a decrease of 27% compared to ¥535,575,570.69 in Q1 2018[55]. - Net profit for Q1 2019 was ¥59,927,809.11, a decline of 24% from ¥79,323,720.42 in Q1 2018[57]. - Basic earnings per share for Q1 2019 were ¥0.06, compared to ¥0.09 in Q1 2018[58]. - Operating revenue for the current period is $336.00 million, a decrease of 32.3% compared to $496.16 million in the previous period[60]. - Operating profit decreased to $31.38 million, down 64.5% from $88.29 million in the previous period[61]. - Net profit for the current period is $58.34 million, a decline of 22.7% from $75.39 million in the previous period[62]. - The company reported a total profit of $68.63 million, down 22.6% from $88.69 million in the previous period[61]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 364.80%, reaching ¥692,592,715.63, compared to a negative cash flow of ¥261,548,961.75 in the same period last year[7]. - Cash received from sales of goods and services increased by 548.21% year-on-year, mainly due to higher cash collections from sales[32]. - Cash and cash equivalents increased to ¥1,379,399,726.23 from ¥918,728,947.37, showing a growth of 50%[52]. - The net cash flow from operating activities was 482,907,552.76 CNY, a significant improvement compared to the negative cash flow of -414,363,747.00 CNY in the previous year[69]. - The total cash and cash equivalents at the end of the period reached 1,181,517,419.44 CNY, compared to 542,941,129.16 CNY at the end of the previous year[70]. - The company reported a total operating cash inflow of 1,106,861,479.21 CNY, an increase from 822,727,982.22 CNY year-over-year[69]. - The cash flow from financing activities included 685,000,000.00 CNY from loans, reflecting the company's reliance on external financing[70]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,203,802,833.45, a decrease of 0.96% from ¥9,293,408,103.28 at the end of the previous year[7]. - Total assets as of March 31, 2019, were ¥8,851,963,597.26, slightly down from ¥8,943,512,739.23 at the end of 2018[54]. - Total liabilities as of March 31, 2019, were RMB 4,099,806,685.63, down from RMB 4,249,339,764.57 at the end of 2018[48]. - Total liabilities decreased to ¥3,793,858,467.58 in Q1 2019 from ¥3,943,745,927.80 in Q4 2018[54]. - The total equity attributable to shareholders of the parent company was RMB 5,099,288,801.72 as of March 31, 2019, compared to RMB 5,041,229,860.62 at the end of 2018[49]. Research and Development - R&D expenses increased by 60.78%, indicating a higher investment in research and development activities[22]. - The company reported a significant increase in research and development expenses to ¥18,540,151.32, up from ¥11,531,188.23 in the previous year, reflecting a focus on innovation[55]. - Research and development expenses increased to $16.47 million, up 67.1% from $9.86 million in the previous period[60]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 83,159, with the top ten shareholders holding a combined 56.01% of the shares[11]. - The net profit attributable to minority shareholders increased by 226.94% year-on-year, mainly due to the increase in revenue and net profit from subsidiaries[30]. - The total comprehensive income attributable to minority shareholders rose by 226.94% year-on-year, primarily driven by the increase in total operating profit from subsidiaries[31]. Other Financial Metrics - The weighted average return on net assets was 1.15%, down from 1.64% in the previous year, reflecting a decline in profitability[7]. - The company reported a significant increase in other income, which rose by 46.00% due to increased government subsidies related to daily operations[26]. - The company experienced a significant decrease in cash and cash equivalents in the previous year, with a net decrease of -1,276,035,008.83 CNY[70]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 105.71% year-on-year, mainly due to increased expenditures on fundraising projects[34]. - Cash paid for investments decreased by 83.27% year-on-year, primarily due to a reduction in the purchase of financial products[35]. - Cash paid for dividends, profits, or interest increased by 61.08% year-on-year, mainly due to higher interest repayment expenses[36]. Audit and Compliance - The first quarter report was not audited, indicating that the figures may be subject to change upon final audit[71]. - The company did not report any adjustments related to the new financial instruments, revenue, or leasing standards[71].