福建金森(002679) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥9,856,907.40, a decrease of 61.65% compared to the same period last year[8]. - The net profit attributable to shareholders was -¥12,255,269.19, representing a decline of 843.19% year-over-year[8]. - The basic earnings per share were -¥0.05, a decrease of 600.00% from the same period last year[8]. - The total profit for the period was -¥12,255,325.26, a decrease of 877.40% compared to the previous year, mainly due to reduced operating income[16]. - The net profit attributable to the parent company was -12,255,269.19 CNY, a decrease of 877.40% compared to the same period last year, primarily due to a reduction in net profit[17]. - Basic earnings per share amounted to -0.05 CNY, a decrease of 843.19% year-on-year, mainly due to the decline in net profit[17]. - The company's net profit for Q1 2019 was CNY 119,070,672.47, a decrease from CNY 129,866,478.11 in the previous year[40]. - The total comprehensive income for the current period is -12,255,325.26, compared to 1,576,441.21 in the previous period[44]. Cash Flow - The net cash flow from operating activities was -¥31,366,248.22, an increase of 897.99% compared to the previous year[8]. - Cash received from sales of goods and services was 3,977,401.40 CNY, a decrease of 89.15% year-on-year, indicating a reduction in cash inflow from sales[20]. - The cash flow from operating activities shows a significant decrease, with cash received from sales at 3,977,401.40 compared to 36,644,464.19 in the previous period[50]. - Total cash inflow from operating activities was 11,245,501.80 CNY, while cash outflow was 42,611,750.02 CNY, resulting in a net cash outflow of 31,366,248.22 CNY[51]. - The ending balance of cash and cash equivalents was 88,746,291.68 CNY, down from 90,890,474.94 CNY in the previous period, showing a decline in liquidity[52]. - The total cash inflow from operating activities was 6,755,502.47 CNY, a decrease from 68,284,170.75 CNY in the previous period, highlighting a drop in revenue generation[55]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,650,315,572.70, down 3.19% from the end of the previous year[8]. - The company's total liabilities as of March 31, 2019, were CNY 901,951,828.81, down from CNY 944,026,253.53 at the end of 2018[35]. - The total assets of the company decreased to CNY 1,650,315,572.70 from CNY 1,704,645,378.75 at the end of 2018[35]. - The company's total equity as of March 31, 2019, was CNY 748,363,743.89, down from CNY 760,619,125.22 at the end of 2018[35]. - The company's long-term borrowings stood at CNY 521,003,754.65, slightly down from CNY 529,003,754.65 at the end of 2018[39]. - The total liabilities reached CNY 944,026,253.53, with current liabilities at CNY 403,107,436.22[59]. Expenses - The company reported a significant increase in tax expenses, which rose by 189.18% to ¥68,192.00 due to the accrual of related taxes[15]. - Sales expenses increased by 127.88% to ¥533,900.43, attributed to the accrual of related costs during the reporting period[15]. - The financial expenses for the current period amount to 10,678,777.56, slightly up from 10,541,946.05 in the previous period[45]. - The company paid 27,883,696.81 CNY in dividends and interest, which is significantly higher than 10,524,222.81 CNY in the previous period, indicating increased financial obligations[56]. Investments - Investment income decreased by 45.61% to ¥345,380.13, primarily due to a slight decline in the performance of an invested company[15]. - The investment income for the current period is 345,830.13, down from 635,847.42 in the previous period[47]. Operational Changes - The company plans to implement proactive collection policies to improve cash flow and recover receivables[20]. - The company reported a significant increase in employee compensation payments, totaling 12,270,933.12 CNY, up from 10,535,893.55 CNY in the previous period[51].