ST浩源(002700) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥139,306,050.28, representing a 37.64% increase compared to ¥101,212,977.07 in the same period last year[8] - The net profit attributable to shareholders decreased by 22.93% to ¥16,542,720.35 from ¥21,463,545.57 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 24.35% to ¥16,253,997.96 compared to ¥21,484,800.10 in the previous year[8] - The basic earnings per share decreased by 22.83% to ¥0.0392 from ¥0.0508 in the previous year[8] - The net profit for the first half of 2019 decreased by over 50% year-on-year, with a range of net profit attributable to shareholders of the listed company from 19.08 million to 28.62 million yuan[23] - The net profit for the first half of 2018 was 31.80 million yuan, indicating a significant decline in profitability[23] - The net profit for the current period was ¥17,435,590.87, down about 15% from ¥20,517,014.88 in the previous period[46] - The basic earnings per share decreased to ¥0.0413 from ¥0.0486 in the previous period, reflecting a decline of approximately 15%[47] - The company reported a total operating profit of ¥20,504,696.24, down from ¥24,159,564.01 in the previous period, indicating a decrease of about 15%[46] Cash Flow - The net cash flow from operating activities improved significantly, showing a net inflow of ¥4,123,723.29 compared to a net outflow of ¥329,366,036.13 in the same period last year, marking a 98.75% improvement[8] - The net cash flow from operating activities improved significantly, with a net outflow of ¥4,123,723.29, a 98.75% reduction compared to a net outflow of ¥329,366,036.13 in the previous year[17] - The operating cash flow generated was negative at -¥4,123,723.29, an improvement from -¥329,366,036.13 in the previous period[50] - The total cash inflow from operating activities was ¥133,965,075.31, compared to ¥103,068,701.31 in the previous period, marking an increase of approximately 30%[50] - The cash outflow from operating activities was ¥138,088,798.60, significantly lower than ¥432,434,737.44 in the previous period, indicating a reduction in cash outflow[50] - The net cash flow from operating activities was -6,124,909.10 CNY, an improvement from -138,736,001.96 CNY in the same period last year[54] - Total cash inflow from operating activities was 116,917,133.33 CNY, compared to 95,464,666.13 CNY in the previous year, representing an increase of approximately 22.5%[54] - Cash outflow from operating activities totaled 123,042,042.43 CNY, down from 234,200,668.09 CNY year-over-year, indicating a reduction of about 47.5%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,245,241,514.34, a slight decrease of 0.05% from ¥1,245,804,389.57 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.81% to ¥1,035,245,345.52 from ¥1,016,802,075.40 at the end of the previous year[8] - As of March 31, 2019, total current assets amounted to 709.58 million yuan, slightly up from 700.17 million yuan at the end of 2018[32] - The total liabilities as of March 31, 2019, were 155.30 million yuan, down from 180.84 million yuan at the end of 2018[34] - The total assets as of March 31, 2019, were 1.25 billion yuan, showing a slight decrease from 1.25 billion yuan at the end of 2018[34] - The company's cash and cash equivalents decreased to 595.30 million yuan from 607.03 million yuan at the end of 2018[31] - The total current assets decreased to CNY 407.61 million from CNY 413.79 million at the end of 2018[37] - The total current liabilities decreased to CNY 114.36 million from CNY 137.35 million at the end of 2018[38] - Cash and cash equivalents as of March 31, 2019, were CNY 328.67 million, down from CNY 351.16 million at the end of 2018[36] - The company’s total equity as of March 31, 2019, was CNY 1,061.49 million, an increase from CNY 1,042.32 million at the end of 2018[39] Expenses and Costs - Operating costs increased by 59.02% to ¥107,974,906.82, primarily due to higher natural gas sales volume and increased upstream natural gas purchase prices[16] - Management expenses surged by 161.85% to ¥7,513,002.23, attributed to increased management costs at subsidiaries[16] - The total amount of prepaid expenses increased by 47.67% to ¥28,538,648.84, due to higher prepayments for procurement materials and project costs[15] - The company's tax payable decreased by 45.60% to ¥2,775,270.42, as a result of tax payments made during the period[15] - The special reserve increased significantly by 299.87% to ¥2,534,337.50, reflecting the accumulation of special reserves during the reporting period[15] Market Conditions - Natural gas prices have been rising since June 10, 2018, with non-residential gas prices increasing by 20%, 30%, and 37% during the heating period from November 2018 to March 2019[23] - The company's procurement costs for natural gas have increased due to upstream price adjustments, while residential sales prices have not been adjusted, leading to continuous profit decline[23] Corporate Governance - The company is committed to avoiding any industry competition and has made formal commitments to this effect[21] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company did not undergo an audit for the first quarter report[56] - The company has not applied new financial instrument standards or new revenue standards for the first quarter[56]