南方精工(002553) - 2019 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2019 was ¥92,469,281.66, a decrease of 4.17% compared to ¥96,490,519.66 in the same period last year[8] - Net profit attributable to shareholders was ¥13,469,825.97, down 40.25% from ¥22,542,137.40 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥10,517,085.77, a decline of 49.62% compared to ¥20,875,983.98 in the previous year[8] - Basic earnings per share were ¥0.0387, down 40.28% from ¥0.0648 year-on-year[8] - The company's total profit for the first quarter was CNY 15,367,042.37, compared to CNY 26,663,532.93 in the same period last year, reflecting a decline of approximately 42%[38] - The company's operating profit was CNY 15,398,809.01, down from CNY 26,864,925.22 in the previous year, a decrease of around 43%[38] - The net profit for the first quarter was CNY 13,469,825.97, down from CNY 22,542,137.40 year-over-year, representing a decline of approximately 40%[38] - The net profit attributable to shareholders for the first half of 2019 is projected to be between 23.50 million and 31.50 million yuan, a decrease of 71.75% to 62.13%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥830,879,906.02, an increase of 3.47% from ¥803,005,088.60 at the end of the previous year[8] - Total assets as of March 31, 2019, amounted to 830,879,906.02, up from 803,005,088.60 at the end of 2018[27] - The total liabilities increased to CNY 95,094,211.95 from CNY 80,690,398.96, marking a rise of 17.8%[33] - Total liabilities were CNY 80,586,130.20, while total equity reached CNY 722,418,958.40[53] - The company's total current liabilities are CNY 77,742,505.12, with accounts payable at CNY 57,966,709.56[53] Cash Flow - Operating cash flow for the period was ¥14,464,280.68, representing a decrease of 12.83% from ¥16,593,674.42 in the same period last year[8] - Cash received from tax refunds surged by 8045.50% to 2,778,707.11 due to increased export tax rebates[16] - Cash paid for various taxes increased by 101.44% to 9,222,479.25 due to higher income tax payments in Q4 2018[16] - The cash flow from operating activities was CNY 99,931,164.03, a decrease from CNY 118,195,782.71 in the previous period[44] - Operating cash inflow totaled CNY 104,724,402.22, a decrease of 11.7% compared to CNY 118,536,668.54 in the previous period[49] - Operating cash outflow amounted to CNY 90,271,404.41, down from CNY 101,941,396.77, resulting in a net cash flow from operating activities of CNY 14,452,997.81, a decline of 13.7% year-over-year[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,022[12] - The largest shareholder, Shi Jianwei, holds 39.60% of the shares, with 137,800,000 shares pledged[12] Expenses - Total operating costs increased to CNY 79,591,599.55, up 8.3% from CNY 73,387,167.22 in Q1 2018[35] - Research and development expenses rose to CNY 5,299,573.83, reflecting an increase of 9.7% compared to CNY 4,829,289.98 in the previous year[35] - Sales expenses increased by 34.58% to 4,286,035.40 mainly due to higher exhibition costs[16] - Financial expenses for the quarter were CNY 1,333,317.97, compared to CNY 666,281.36 in the previous period, indicating a significant increase of about 100%[40] Non-Recurring Gains and Other Income - The company reported non-recurring gains of ¥2,952,740.20, primarily from fair value changes and government subsidies[9] - Other income increased by 624.29% to 407,773.12 primarily from government subsidies[16] Future Projections - Net profit for the first half of 2019 is expected to decline by over 50% compared to the same period last year[18]