林州重机(002535) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥181,354,644.41, a decrease of 58.06% compared to ¥432,432,491.97 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥7,750,051.37, representing a decline of 130.45% from a profit of ¥25,450,067.46 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥11,456,704.26, down 149.90% from ¥22,957,326.71 in the same period last year[7] - The basic earnings per share for the reporting period was -¥0.0097, down 130.60% from ¥0.0317 in the same period last year[7] - The diluted earnings per share for the reporting period was also -¥0.0097, reflecting the same decline of 130.60% compared to the previous year[7] - The weighted average return on equity was -0.28%, a decrease of 1.15% from 0.87% in the previous year[7] - The company reported a net loss of ¥7,155,387.18 compared to a net profit of ¥25,392,687.45 in the previous period, indicating a significant decline in profitability[36] - Operating profit turned negative at ¥-7,668,485.16, down from ¥28,756,005.97 in the prior year, reflecting a substantial operational downturn[36] - The total comprehensive loss amounted to ¥-7,155,387.18, contrasting with a comprehensive income of ¥25,392,687.45 in the prior period[37] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥42,962,525.39, a decrease of 141.16% compared to ¥104,374,985.88 in the previous year[7] - Cash and cash equivalents increased by 36.11% to ¥500,341,737 due to an increase in margin payments during the reporting period[14] - The ending balance of cash and cash equivalents was CNY 10,001,614.02, down from CNY 89,755,643.34 in the previous period[45] - Operating cash inflow totaled CNY 411,978,007.77, a decrease of 28% compared to CNY 571,436,138.89 in the previous period[44] - Cash received from sales of goods and services was CNY 257,102,293.75, compared to CNY 255,420,629.50 in the previous period[47] - Total current assets reached CNY 4,927,610,981.82, representing a growth of 16.9% compared to CNY 4,216,614,324.72 at the end of 2018[25] - Total assets at the end of the reporting period were ¥8,250,265,290.27, an increase of 9.84% from ¥7,511,443,182.18 at the end of the previous year[7] Liabilities and Equity - Current liabilities rose to CNY 5,004,669,682.28, compared to CNY 4,272,198,671.48, indicating an increase of about 17.1%[27] - Total liabilities increased to CNY 5,449,893,603.63 from CNY 4,703,916,108.36, marking a growth of approximately 15.9%[27] - Owner's equity totaled CNY 2,800,371,686.64, a slight decrease from CNY 2,807,527,073.82, indicating a decline of about 0.3%[28] - The company reported a decrease in undistributed profits to CNY 85,224,649.68 from CNY 92,974,701.05, reflecting a decline of about 8.4%[28] Operational Highlights - Operating costs decreased by 57.98% to ¥190,152,935.11, corresponding to the decline in operating revenue[14] - Investment income surged by 461.43% to ¥2,607,702.89, attributed to increased investment returns from associated companies[14] - Research and development expenses increased to ¥6,189,238.89 from ¥5,170,574.37, marking a rise of approximately 19.6% year-over-year[34] - The company reported non-recurring gains and losses totaling ¥3,706,652.89, primarily from government subsidies and other income[8] Compliance and Governance - The company has committed to avoiding competition with its controlling shareholders and related parties, ensuring compliance with its operational commitments[17] - The company has committed to avoiding related party transactions that could harm its interests[19] - The company reported no violations regarding external guarantees during the reporting period[20] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[20] - The company has not provided any performance forecasts for the first half of 2019[19] - The company has not implemented any stock incentive plans during the reporting period[19] Investor Relations - The company has engaged in communication activities, including a phone call on March 11, 2019, with individual investors[21] - The company did not undergo an audit for the first quarter report[50]