索菱股份(002766) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥157,291,023.98, a decrease of 59.77% compared to the same period last year[8] - The net profit attributable to shareholders was -¥71,814,899.30, representing a decline of 352.97% year-on-year[8] - Basic and diluted earnings per share were both -¥0.170, down 342.86% from ¥0.070 in the same quarter last year[8] - The company reported a net loss of CNY 71,662,989.56 for Q1 2019, compared to a loss of CNY 58,252,912.23 in Q1 2018[43] - The company's total comprehensive income for Q1 2019 was a loss of CNY 67,256,790.43, compared to a gain of CNY 6,963,525.37 in the previous year[47] - The total profit for Q1 2019 was a loss of CNY 81,333,106.51, compared to a profit of CNY 34,416,702.82 in the same period last year[46] Cash Flow - The net cash flow from operating activities was ¥10,372,707.95, a significant improvement from -¥148,471,128.62 in the previous year[8] - Net cash flow from operating activities was CNY 10,372,707.95, an increase of 106.99% year-on-year, attributed to a decrease in sales volume and corresponding reductions in collections and purchases[21] - Cash outflow from investing activities was CNY 10.77 million, compared to CNY 48.49 million in the previous period, indicating a reduction of 77.8%[55] - The company reported a net increase in cash and cash equivalents of CNY -8.13 million, compared to a decrease of CNY -110.93 million in the previous period[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,945,626,258.47, a decrease of 2.50% from the end of the previous year[8] - The net assets attributable to shareholders decreased by 5.40% to ¥1,253,997,361.46 compared to the end of the previous year[8] - Total liabilities decreased to CNY 2,743,720,086.51 from CNY 2,517,971,034.17, reflecting an increase of about 8.9%[42] - The company's total assets increased to CNY 4,055,264,674.87 from CNY 3,842,925,699.86, an increase of approximately 5.5%[43] Operating Costs and Expenses - The company’s operating costs for the period were ¥120,617,376.02, down 54.30% year-on-year, reflecting the significant drop in sales[17] - Financial expenses for the period amounted to CNY 43,430,662.29, an increase of 174.05% year-on-year, primarily due to increased borrowing interest[19] - The company’s financial expenses rose to CNY 43,430,662.29 from CNY 15,847,841.15, an increase of about 174.5%[44] - The company's other income for Q1 2019 was CNY 239,797.83, down from CNY 984,765.69 in the previous year[44] Investment and Impairment - Asset impairment losses were CNY 6,210,847.35, up 75.34% year-on-year, mainly due to an increase in bad debt provisions[19] - The company experienced an increase in asset impairment losses of CNY 10,611,349.74 in Q1 2019, compared to a gain of CNY 3,117,906.73 in the previous year[48] - Investment income was -CNY 4,204,054.36, a decrease of 783.54% year-on-year, mainly due to the loss of control over a subsidiary[19] Future Outlook - The company expects a net loss of between -CNY 144,000,000 and -CNY 104,000,000 for the first half of 2019, compared to a profit of CNY 67,522,100 in the same period of 2018[25] Other Information - The company decided to terminate the share repurchase plan due to financial constraints and the inability to recover receivables[23] - The company did not undergo an audit for the first quarter report[60]