龙星化工(002442) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥690,581,947.27, representing a 1.53% increase compared to ¥680,160,032.14 in the same period last year[8]. - Net profit attributable to shareholders decreased by 95.03% to ¥1,585,978.49 from ¥31,897,215.37 year-on-year[8]. - The net profit after deducting non-recurring gains and losses fell by 98.20% to ¥561,261.82 from ¥31,146,160.98 in the previous year[8]. - Basic earnings per share dropped by 95.04% to ¥0.0033 from ¥0.0665 year-on-year[8]. - Net profit decreased by 95.03% compared to the same period last year, primarily due to a decrease in gross profit from sales[22]. - The total comprehensive income for the quarter was CNY 1,582,534.54, a decrease of 95.0% compared to CNY 31,895,931.06 in the same period last year[48]. - The company reported a total profit of CNY 8,494,130.22 for the quarter, down from CNY 28,359,009.39 in the same period last year[52]. Cash Flow - The net cash flow from operating activities decreased by 48.70% to ¥88,601,105.13 compared to ¥172,722,661.03 in the same period last year[8]. - Cash flow from operating activities decreased by 48.70% compared to the same period last year, mainly due to increased cash payments for goods and services[23]. - Cash and cash equivalents net increase decreased by 192.94% compared to the same period last year, attributed to reduced cash flow from operating and investing activities[25]. - Operating cash inflow totaled CNY 783.66 million, a decrease from CNY 859.07 million in the previous period[59]. - Net cash flow from operating activities was CNY 128.44 million, down from CNY 146.54 million year-over-year[59]. - Cash outflow from financing activities amounted to CNY 256.55 million, compared to CNY 446.98 million in the prior period[60]. - Net cash flow from financing activities was negative CNY 96.55 million, an improvement from negative CNY 148.72 million previously[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,868,522,151.64, a decrease of 1.54% from ¥2,913,300,463.04 at the end of the previous year[8]. - Total current assets decreased to CNY 1,621,419,928.63 from CNY 1,650,621,164.86, a decline of approximately 1.4%[37]. - Total liabilities increased slightly to CNY 1,648,898,657.46 from CNY 1,647,172,848.19, an increase of approximately 0.1%[38]. - The company's total liabilities reached CNY 1,208,648,360.35, compared to CNY 1,102,451,721.72 in the previous year, indicating a year-over-year increase of about 9.6%[44]. - The company's equity attributable to shareholders decreased to CNY 1,219,623,494.18 from CNY 1,266,127,614.85, a decrease of about 3.7%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,810[10]. - The largest shareholder, Liu Jiangshan, holds 20.40% of the shares, totaling 97,897,902 shares[11]. Government Support and Certifications - The company received government subsidies amounting to ¥1,130,550.15 during the reporting period[9]. - The company received the "High-tech Enterprise Certificate," allowing it to enjoy a reduced corporate income tax rate of 15% for three years[26]. Operational Costs and Expenses - Total operating costs amounted to CNY 690,302,036.02, up from CNY 642,711,375.87, reflecting a year-over-year increase of approximately 7.4%[45]. - Research and development expenses were CNY 3,890,551.92, slightly up from CNY 3,707,065.24, indicating a year-over-year increase of about 4.9%[45]. - Financial expenses decreased by 38.65% compared to the same period last year, mainly due to reduced acceptance discount and loan interest[18]. Inventory and Receivables - Accounts receivable decreased by 50.63% compared to the beginning of the year, mainly due to a reduction in advance payments received[16]. - Inventory decreased to CNY 374,280,305.42 from CNY 406,604,466.85, a decrease of about 7.9%[36].