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胜利精密(002426) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥3,288,541,404.11, a decrease of 28.37% compared to ¥4,590,859,205.50 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥170,685,464.06, representing a decline of 211.23% from a profit of ¥153,457,343.49 in the previous year[8]. - The basic earnings per share were -¥0.0496, down 211.21% from ¥0.0446 in the previous year[8]. - The company reported a 90.40% decrease in investment income, down to ¥1,298,917.64, mainly due to the previous year's fund impacts[20]. - The net profit for the first half of 2019 is expected to be between -165 million and -140 million RMB, compared to a net profit of 323.64 million RMB for the same period in 2018[65]. - The company experienced a significant decline in business revenue and profit due to increased funding costs and market conditions[68]. - The total comprehensive income for the current period is -¥149,359,615.42, compared to ¥152,442,655.87 in the previous period, reflecting a substantial decline[104]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥252,475,586.89, a significant improvement from a negative cash flow of ¥290,044,873.24 in the same period last year[8]. - Cash received from tax refunds decreased by 32.90%, totaling ¥81,646,309.00, primarily due to reduced export tax rebates[21]. - The total cash inflow from operating activities is ¥4,410,849,234.95, down from ¥5,148,586,140.72 in the previous period[112]. - The total cash outflow from operating activities is ¥4,158,373,648.06, compared to ¥5,438,631,013.96 in the previous period, indicating a decrease of about 23.5%[112]. - The company experienced a net decrease in cash and cash equivalents of -54,335,103.69, compared to -130,957,746.35 in the previous period[123]. Assets and Liabilities - Total assets at the end of the reporting period were ¥18,134,968,134.69, a decrease of 1.85% from ¥18,476,869,885.29 at the end of the previous year[8]. - Total current assets decreased to CNY 9,517,518,046.91 from CNY 9,929,415,168.22, a decline of approximately 4.16%[77]. - Total liabilities decreased to CNY 10,199,339,706.39 from CNY 10,330,330,708.59, a reduction of about 1.27%[80]. - The company's total equity rose to ¥7,371,092,523.25 from ¥7,351,975,559.67, reflecting a slight increase of about 0.26%[93]. - The company reported a negative retained earnings of ¥-306,543,307.43[133]. Shareholder Information - The top shareholder, Gao Yugun, holds 22.24% of the shares, with a total of 765,345,445 shares[11]. - The company guarantees that all partners in the investment will not engage in any structured arrangements that could harm the company's interests[44]. - The company will not provide any financial assistance or compensation to investors participating in the non-public offering[49]. - The company has a lock-up period of 36 months for shares issued in the non-public offering, during which no transfers are allowed[46]. Research and Development - R&D expenses surged by 221.63%, amounting to ¥109,482,144.66, driven by growth in the smart manufacturing sector[20]. - Research and development expenses for the current period were ¥109,482,144.66, up from ¥74,177,694.20, indicating an increase of approximately 47.5%[94]. Government Support - The company received government subsidies amounting to ¥19,145,727.37 during the reporting period[8]. - The company received ¥600,000,000.00 from government relief funds, marking a 100% increase in cash from financing activities[25]. - The company’s long-term payables increased by 100%, reaching ¥600,000,000.00, primarily due to the government relief fund[20]. Compliance and Governance - The company committed to minimizing and avoiding related party transactions, ensuring fair operations at market prices when necessary[32]. - The company has established a commitment to comply with relevant regulations regarding securities issuance and underwriting[45]. - The company is under a legal obligation to recover compensation of 38.35 million RMB as determined by the Suzhou Arbitration Commission[64].