浙江世宝(002703) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥215,422,919.91, a decrease of 24.13% compared to ¥283,955,279.96 in the same period last year[8] - The net profit attributable to shareholders of the listed company was -¥11,219,820.98, representing a decline of 102.30% from -¥5,546,239.89 in the previous year[8] - The net cash flow from operating activities was -¥33,018,473.71, a significant decrease of 578.89% compared to -¥4,863,584.89 in the same period last year[8] - Operating revenue for the current period was ¥8,853,649.87, a decrease of 23.0% from ¥11,517,982.33 in the previous period[64] - Operating profit for the current period was -¥4,126,504.28, compared to a profit of ¥79,274.17 in the previous period[64] - Net profit for the current period was -¥4,130,854.20, a significant decline from a profit of ¥34,603.40 in the previous period[64] - Total comprehensive income for the current period was -¥4,130,854.20, compared to ¥34,603.40 in the previous period[64] Cash Flow - Operating cash inflow decreased by 4.81% to ¥161.68 million compared to the same period last year[23] - Operating cash outflow increased by 11.44% to ¥194.70 million year-on-year[23] - Net cash flow from operating activities dropped by 578.89% to -¥33.02 million, primarily due to reduced cash receipts from product sales and increased cash payments for material procurement[25] - Net cash flow from investing activities decreased by 54.21% to -¥18.74 million, mainly due to increased cash expenditures on fixed asset investments[25] - Net cash flow from financing activities surged by 6002.36% to ¥29.53 million, attributed to new bank loans of ¥30 million during the reporting period[25] - Cash flow from operating activities showed a net outflow of -¥33,018,473.71, compared to -¥4,863,584.89 in the previous period[68] - Cash flow from investing activities resulted in a net outflow of -¥18,737,575.93, compared to -¥12,150,348.50 in the previous period[68] - Cash flow from financing activities generated a net inflow of ¥29,534,840.10, contrasting with a net outflow of -¥500,390.55 in the previous period[68] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,001,829,067.97, down 2.11% from ¥2,045,077,333.85 at the end of the previous year[8] - Total assets as of March 31, 2019, amounted to ¥2,001.83 million, a decrease from ¥2,045.08 million at the end of 2018[43] - Total assets increased to CNY 1,174,231,271.44 from CNY 1,150,260,046.74, marking a growth of 2.1%[50] - Current liabilities rose to CNY 68,466,743.13 from CNY 40,364,664.23, an increase of 69.5%[54] - Total equity decreased to CNY 1,105,764,528.31 from CNY 1,109,895,382.51, a decline of 0.4%[54] Expenses - The company's gross profit margin decreased due to a decline in passenger car production and sales, leading to reduced operating revenue and gross profit[18] - Research and development expenses for Q1 2019 were ¥14,582,465.53, down 8.18% from ¥15,881,612.31 in the same period last year[16] - The company reported a significant increase in management expenses by 6.21% to ¥17,766,143.56 compared to ¥16,727,574.86 in the previous year[16] - The company reported a decrease in R&D expenses to CNY 14,582,465.53 from CNY 15,881,612.31, a reduction of 8.2%[59] - Research and development expenses amounted to ¥1,133,859.96, down 40.4% from ¥1,903,479.43 in the previous period[64] - The company reported a significant increase in sales expenses, which rose to ¥267,101.43 from ¥88,391.77 in the previous period[64] Shareholder Information - The company’s major shareholder, Zhejiang Shibao Holding Group Co., Ltd., holds 43.28% of the shares[12] - The total number of ordinary shareholders at the end of the reporting period was 38,911[12]