毅昌科技(002420) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 1,009,014,430.79, a decrease of 25.07% compared to the same period last year[7]. - Net profit attributable to shareholders increased by 342.17% to CNY 7,389,107.15, driven by improved business conditions and cost control[14]. - Basic and diluted earnings per share rose by 338.10% to CNY 0.0184[7]. - The company expects to achieve a net profit of CNY 667,000 to CNY 1,000,000 for the first half of 2019, reversing losses from the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 100.42% to CNY 12,814.73[7]. - The company reported a net loss of CNY 865,161,295.68, slightly improved from a loss of CNY 872,550,402.83 in the previous period[27]. - Net profit for Q1 2019 was CNY 7,249,131.13, compared to CNY 966,260.83 in Q1 2018, representing a significant increase[35]. - The net profit for Q1 2019 was -11,984,921.10 CNY, compared to -7,624,674.96 CNY in the same period last year, representing an increase in net loss of approximately 57.5%[39]. - Operating profit for Q1 2019 was -12,144,557.72 CNY, a decline from -6,721,496.96 CNY year-over-year, indicating a worsening operational performance[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,398,066,336.96, down 12.20% from the end of the previous year[7]. - As of March 31, 2019, total assets amounted to CNY 2,398,066,336.96, a decrease from CNY 2,731,142,098.95 as of December 31, 2018, representing a decline of approximately 12.2%[24]. - Total current assets decreased to CNY 1,398,509,331.78 from CNY 1,690,849,048.65, reflecting a reduction of about 17.3%[25]. - Accounts receivable decreased significantly to CNY 685,054,239.90 from CNY 781,405,191.68, a decline of approximately 12.3%[24]. - Inventory levels dropped to CNY 398,017,128.22 from CNY 606,490,874.32, indicating a decrease of around 34.4%[24]. - Total liabilities decreased to CNY 2,011,437,147.43 from CNY 2,351,920,740.55, a reduction of about 14.5%[26]. - Current liabilities totaled CNY 1,926,051,923.92, down from CNY 2,266,008,806.01, reflecting a decrease of approximately 15.0%[26]. - The company's equity attributable to shareholders increased slightly to CNY 375,126,439.34 from CNY 367,737,332.19, an increase of about 2.1%[27]. - The total liabilities decreased to CNY 1,485,775,640.81 from CNY 1,512,113,819.81 year-over-year[32]. - The total equity decreased to CNY 817,194,066.52 from CNY 829,178,987.62 in the same period last year[32]. - The company’s total assets decreased to CNY 2,302,969,707.33 from CNY 2,341,292,807.43 in the same period last year[32]. Cash Flow - The net cash flow from operating activities decreased by 41.25% to CNY 106,517,458.63, primarily due to increased payments for goods[14]. - The net cash flow from operating activities for Q1 2019 was 106,517,458.63 CNY, a decrease of about 41.2% compared to 181,310,169.74 CNY in the same period last year[43]. - Cash and cash equivalents increased to CNY 235,252,353.22 from CNY 229,731,280.90, showing a growth of approximately 2.2%[24]. - Cash outflow from investing activities in Q1 2019 was 5,438,702.15 CNY, significantly lower than 56,393,998.77 CNY in the previous year, indicating reduced investment spending[44]. - Cash outflow from financing activities for Q1 2019 was 232,879,459.72 CNY, down from 391,546,975.66 CNY in the same period last year, showing a decrease in financing costs[44]. - The company reported a cash inflow from financing activities of 138,858,692.84 CNY in Q1 2019, compared to 226,987,254.49 CNY in the previous year, reflecting a decline in financing activities[44]. - Operating cash inflow totaled CNY 408 million, a decrease from CNY 444 million in the previous quarter, reflecting a decline of approximately 8.2%[47]. - Net cash flow from operating activities increased to CNY 104 million, up from CNY 89 million, representing a growth of about 17.3%[47]. - Cash outflow from financing activities was CNY 198 million, down from CNY 332 million, indicating a reduction of approximately 40.3%[48]. - The net cash flow from financing activities showed a deficit of CNY 93 million, an improvement from a deficit of CNY 137 million in the previous quarter, marking a decrease of about 31.9%[48]. - The ending balance of cash and cash equivalents was CNY 120 million, slightly down from CNY 120 million in the previous quarter, showing a marginal decrease of 0.1%[48]. - Cash outflow for investment activities was CNY 3.4 million, compared to CNY 5.6 million in the previous quarter, reflecting a decrease of approximately 39.0%[47]. - Cash inflow from borrowing amounted to CNY 105 million, down from CNY 195 million, indicating a decline of about 46.0%[48]. - The company reported a net increase in cash and cash equivalents of CNY 7.2 million, contrasting with a decrease of CNY 55.2 million in the previous quarter[48]. Shareholder Information - The company reported a total of 28,650 shareholders at the end of the reporting period[10]. - The top shareholder, Gaojin Technology Industry Group Co., Ltd., holds 25.98% of the shares, totaling 104,198,900 shares[10]. Research and Development - Research and development expenses for Q1 2019 were CNY 31,059,096.26, down 34% from CNY 47,395,009.73 in Q1 2018[33]. Other Information - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[19]. - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[49]. - The chairman of the company, Xiong Haitao, presented the report on April 25, 2019, indicating ongoing leadership engagement in financial disclosures[50].