万安科技(002590) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥491,628,464.22, a decrease of 10.48% compared to the same period last year[8]. - The net profit attributable to shareholders was ¥5,713,226.46, representing a significant decline of 81.90% year-over-year[8]. - The net profit after deducting non-recurring gains and losses was -¥1,739,763.05, a decrease of 106.54% compared to the previous year[8]. - Basic and diluted earnings per share were both ¥0.01, down 85.71% year-over-year[8]. - Operating profit decreased by 77.89% year-on-year, primarily due to a decline in sales and gross profit margin[17]. - Net profit fell to ¥5,037,282.39 compared to ¥31,933,873.39 in the previous period, indicating a decline of approximately 84.2%[40]. - The total profit before tax was ¥9,309,564.75, down from ¥40,292,058.33, a decrease of about 77.0%[40]. - The estimated net profit for the first half of 2019 is expected to decline by over 50% year-on-year, influenced by a decrease in automobile sales[21]. - The net profit attributable to shareholders for the first half of 2019 is projected to range from 1,325.44 million to 3,976.31 million yuan[21]. Cash Flow - The net cash flow from operating activities was -¥37,941,763.23, down 164.89% from the same period last year[8]. - Net cash flow from operating activities decreased by 164.89% year-on-year, mainly due to an increase in cash paid for purchasing goods and services[17]. - Cash outflow from operating activities increased to CNY 442,497,468.05, up from CNY 378,822,295.85, indicating a rise of about 16.8%[48]. - Cash flow from investment activities was negative at CNY -54,242,861.15, compared to CNY -77,462,550.63 in the previous period, showing an improvement[49]. - Cash flow from financing activities resulted in a net outflow of CNY -6,830,550.53, down from a net inflow of CNY 12,936,715.95 previously[49]. - The ending balance of cash and cash equivalents was CNY 445,531,497.51, a decrease from CNY 543,435,868.52 in the prior period[49]. - The net increase in cash and cash equivalents was CNY -100,584,714.21, compared to a decrease of CNY -9,458,908.84 in the previous period[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,467,923,022.12, a slight decrease of 0.09% from the end of the previous year[8]. - Current liabilities totaled CNY 1,424,970,134.90, down from CNY 1,441,073,229.28[31]. - Non-current liabilities decreased to CNY 195,774,784.68 from CNY 196,959,121.15[31]. - Total liabilities were CNY 1,620,744,919.58, compared to CNY 1,638,032,350.43 previously[31]. - Owner's equity increased to CNY 1,847,178,102.54 from CNY 1,833,090,006.11[32]. - The total equity attributable to shareholders rose to CNY 1,784,782,572.41 from CNY 1,777,782,295.93[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,801[12]. - The company reported no violations regarding external guarantees during the reporting period[23]. Research and Development - Research and development expenses increased to ¥23,952,270.76 from ¥18,895,481.25, reflecting a rise of about 26.5% year-over-year[38]. - The company plans to continue focusing on R&D to drive future growth despite the current financial challenges[40]. Other Financial Metrics - The weighted average return on net assets was 0.32%, a decrease of 1.34% compared to the previous year[8]. - Financial expenses decreased by 37.45% year-on-year, mainly due to the impact of exchange gains and losses[17]. - The company reported non-recurring gains of ¥7,452,989.51, primarily from government subsidies and other income[9]. - Investment losses amounted to ¥7,737,186.40, compared to losses of ¥6,050,293.89 in the previous period[42]. - The company recorded other income of ¥8,392,276.11, up from ¥4,905,161.34, an increase of approximately 71.5% year-over-year[38].