世龙实业(002748) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥504,738,606.44, representing a 66.63% increase compared to ¥302,917,328.63 in the same period last year[7]. - Net profit attributable to shareholders decreased by 72.95% to ¥3,244,779.11 from ¥11,996,497.08 year-on-year[7]. - The net profit after deducting non-recurring gains and losses fell by 82.76% to ¥1,947,981.47 compared to ¥11,301,701.84 in the previous year[7]. - Operating profit decreased by 71.22% to ¥4.17 million from ¥14.49 million, attributed to a decline in sales prices of main products and lower gross margins[19]. - Net profit fell by 72.95% to ¥3.24 million from ¥12.00 million, reflecting the same challenges in sales prices and gross margins[19]. - The company expects net profit for the first half of 2019 to decline by over 50% compared to the previous year, with a projected range of ¥25.95 million to ¥12.98 million[24]. Cash Flow - The net cash flow from operating activities was negative at -¥75,401,254.83, worsening by 103.14% from -¥37,117,921.97 in the same period last year[7]. - Cash flow from operating activities showed a net outflow of ¥75.40 million, an increase of 103.14% compared to the previous outflow of ¥37.12 million, due to increased trade procurement payments[21]. - Cash flow from investing activities also saw a net outflow of ¥74.90 million, up 234.75% from ¥22.38 million, driven by higher fixed asset acquisition expenditures[21]. - The total cash outflow from investing activities in Q1 2019 was CNY 74.92 million, compared to CNY 22.54 million in the same period last year[47]. - The net cash flow from financing activities was 52,448,487.49 CNY, a decrease from 5,890,511.86 CNY in the previous period[48]. Assets and Liabilities - Total assets increased by 5.03% to ¥1,588,286,296.19 from ¥1,512,291,718.09 at the end of the previous year[7]. - Total liabilities increased to CNY 415.60 million, compared to CNY 346.07 million at the end of 2018, reflecting a growth of 20.1%[34]. - Total equity attributable to shareholders reached CNY 1.17 billion, slightly up from CNY 1.17 billion at the end of 2018[34]. - The company's total assets amounted to 1,512,291,718.09 CNY, remaining stable compared to the previous period[55]. - Total current liabilities amounted to CNY 324,447,080.94[58]. Inventory and Receivables - Inventory levels increased by 48.58% to ¥105,623,848.60, attributed to higher stock of AC foaming agent products[16]. - Accounts receivable increased to CNY 295.59 million, compared to CNY 303.69 million at the end of 2018, indicating a slight decrease of 2.7%[36]. Earnings Per Share - The company's basic earnings per share decreased by 80.00% to ¥0.01 from ¥0.05 year-on-year[7]. - Basic and diluted earnings per share for Q1 2019 were both CNY 0.01, down from CNY 0.05 in the previous year[41][44]. Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 1.05 million, compared to CNY 1.20 million in the previous year[39]. - Research and development expenses for Q1 2019 were CNY 1.05 million, a decrease of 12.6% from CNY 1.20 million in the previous year[43]. Other Financial Metrics - The weighted average return on net assets dropped to 0.28% from 1.03% in the previous year, a decrease of 0.75%[7]. - The company reported other income of CNY 1.67 million in Q1 2019, compared to CNY 0.98 million in Q1 2018, indicating a 70.1% increase[43]. - The company incurred operating costs of CNY 286.03 million in Q1 2019, up from CNY 248.39 million in Q1 2018, reflecting a 15.1% increase[43]. Financial Reporting - The first quarter report was not audited[59]. - The report was issued by the legal representative Liu Yiyun on April 25, 2019[60].