三维化学(002469) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 121,582,434.16, representing a 7.20% increase compared to CNY 113,415,865.97 in the same period last year[9]. - The net profit attributable to shareholders decreased by 36.27% to CNY 5,972,970.59 from CNY 9,372,552.56 year-on-year[9]. - Basic and diluted earnings per share both fell by 36.02% to CNY 0.0119 from CNY 0.0186 in the same period last year[9]. - The net profit attributable to the parent company was CNY 4,902,745.68, compared to CNY 10,505,630.61 in the previous year, indicating a decline of 53.4%[54]. - The company reported a total comprehensive income of CNY 7,118,874.89 for the quarter, compared to CNY 5,548,951.42 in the same period last year, reflecting overall growth[61]. - The total profit before tax was CNY 7,818,323.33, an increase from CNY 6,584,878.64 in the previous year, indicating strong operational performance[60]. Cash Flow - The net cash flow from operating activities was negative at CNY -73,867,202.79, a decline of 439.32% compared to CNY -13,696,304.27 in the previous year[9]. - Total cash inflow from operating activities was 78,209,300.45 CNY, down from 178,845,543.34 CNY, reflecting a decrease of approximately 56%[64]. - Cash outflow from operating activities totaled 152,076,503.24 CNY, compared to 192,541,847.61 CNY, showing a reduction of about 21%[64]. - The net cash flow from investing activities was -399,162,110.97 CNY, a substantial increase in losses from -93,619,064.43 CNY in the previous period[65]. - Cash inflow from investing activities was 1,350,053.00 CNY, significantly lower than 290,436,661.47 CNY previously, marking a decrease of over 99%[65]. - The total cash and cash equivalents at the end of the period were 227,805,652.80 CNY, down from 413,011,581.43 CNY, a decrease of approximately 45%[65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,688,548,637.61, a decrease of 0.35% from CNY 1,694,485,514.29 at the end of the previous year[9]. - The company's total assets as of March 31, 2019, were CNY 1,404,455,617.56, a decrease from CNY 1,417,018,428.68 at the end of 2018[51]. - The total liabilities decreased to CNY 271,747,023.78 from CNY 291,428,709.79, showing a reduction of 6.7%[52]. - The company's short-term borrowings remained unchanged at CNY 3,000,000.00[46]. - Total liabilities were CNY 378,643,051.38, with current liabilities at CNY 378,241,140.90, and non-current liabilities at CNY 401,910.48[72]. Expenses and Costs - The total operating costs for Q1 2019 were CNY 116,689,688.48, up from CNY 102,910,235.36, reflecting a year-over-year increase of 13.4%[54]. - Sales expenses decreased by 34.26% compared to the same period last year, attributed to a decline in sales revenue from Qingdao Lianxin[21]. - Financial expenses decreased by 81.86% compared to the same period last year, mainly due to an increase in time deposits[22]. - The cash outflow for purchasing goods and services was 96,350,679.54 CNY, down from 127,203,590.63 CNY, reflecting a decrease of approximately 24%[64]. Accounts Receivable and Inventory - Accounts receivable notes increased by 78.58% compared to the beginning of the period, mainly due to an increase in customer acceptance bills[18]. - Accounts receivable increased from CNY 443,805,428.26 at the end of 2018 to CNY 498,104,603.80, indicating a growth of about 12.2%[45]. - The company's inventory remained relatively stable, with a slight increase from CNY 105,518,377.88 to CNY 106,535,758.53[45]. - The inventory level rose to CNY 63,856,813.26, up from CNY 42,419,778.62, marking an increase of 50.7%[50]. Other Financial Information - The company signed a total contract value of RMB 224.81 million for the EPC project with China National Petroleum Corporation, achieving revenue of RMB 31.03 million by March 31, 2019[30]. - The company has provided RMB 50 million in financial support to its associate company, which has not yet been repaid, leading to potential asset impairment risks[32]. - The company is actively communicating with the owner regarding the delayed project due to stricter environmental regulations, aiming to mitigate risks and ensure stable operations[31]. - The company reported no non-compliance with external guarantees during the reporting period[39]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[40]. - The company did not engage in any research, communication, or interview activities during the reporting period[41]. - The company is implementing new financial accounting standards effective January 1, 2019, which may impact future financial reporting[76].