美芝股份(002856) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥130,166,560.53, a decrease of 29.96% compared to ¥185,839,912.89 in the same period last year[7] - The net profit attributable to shareholders for Q1 2019 was ¥3,776,989.16, down 33.18% from ¥5,652,258.77 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,780,173.38, a decline of 35.75% compared to ¥5,883,728.78 in the same period last year[7] - Basic earnings per share for Q1 2019 were ¥0.03, a decrease of 50.00% from ¥0.06 in the same period last year[7] - Operating profit for the current period is ¥5,048,913.11, compared to ¥7,444,673.81 in the previous period, reflecting a decrease of approximately 32%[38] - Net profit for the current period is ¥3,776,989.16, down from ¥5,652,258.77 in the previous period, which is a decline of around 33%[39] - Basic and diluted earnings per share for the current period are both ¥0.03, compared to ¥0.06 in the previous period, indicating a 50% decrease[39] Cash Flow - The net cash flow from operating activities improved significantly to ¥17,206,815.18, compared to a negative cash flow of ¥104,835,281.62 in the same period last year, representing an increase of 116.41%[7] - Cash flow from operating activities increased to ¥265,569,203.70 from ¥194,649,711.09 in the previous period, showing an increase of approximately 36%[45] - Total cash inflow from operating activities was ¥267,882,478.53, while cash outflow was ¥250,675,663.35, resulting in a net increase of ¥17,206,815.18[46] - The company reported a cash inflow from financing activities of ¥5,701,135.09, while cash outflow was ¥2,168,879.11, leading to a net cash flow of ¥3,532,255.98[47] - The net increase in cash and cash equivalents for Q1 2019 was ¥20,577,139.02, contrasting with a decrease of ¥135,291,737.32 in the same quarter of the previous year[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,366,496,465.77, down 5.57% from ¥1,447,111,366.85 at the end of the previous year[7] - Total current assets decreased from CNY 1,372,739,038.02 to CNY 1,292,972,864.47, a decline of approximately 5.8%[28] - Total liabilities decreased from CNY 785,332,062.39 to CNY 701,304,207.92, representing a reduction of about 10.7%[29] - The company's total assets decreased from CNY 1,447,111,366.85 to CNY 1,366,496,465.77, a decrease of approximately 5.6%[30] - The total current liabilities decreased from CNY 786,916,002.02 to CNY 701,807,942.72, a reduction of about 10.8%[34] Shareholder Information - The net assets attributable to shareholders at the end of the reporting period were ¥665,192,257.85, an increase of 0.52% from ¥661,779,304.46 at the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 14,134[10] - Major shareholder Li Suhua holds 51.02% of the shares, amounting to 62,039,040 shares, with all shares pledged[10] Operational Efficiency - Accounts receivable decreased from ¥831,746,206.18 to ¥714,328,822.14, indicating improved collection efficiency[27] - The company reported a significant reduction in asset impairment losses by 184.54%, resulting in a loss of ¥2,944,030.18[14] - Cash and cash equivalents rose by 115.21% to ¥20,577,139.02, reflecting increased operational receipts and reduced capital expenditures[14] - The cash outflow for purchasing goods and services was ¥214,286,506.85, down from ¥257,554,368.00 in the previous year, indicating cost management efforts[46] Expenses - Financial expenses rose dramatically by 7,494.26% to ¥1,357,712.99, mainly due to increased interest expenses[14] - Tax expenses for the current period are ¥1,267,678.32, down from ¥1,552,402.23 in the previous period, representing a decrease of about 18%[38] - Sales expenses for the current period are ¥3,466,328.80, reduced from ¥4,232,785.96 in the previous period, indicating a decrease of approximately 18%[36] - Management expenses increased to ¥9,226,971.54 from ¥8,507,124.73 in the previous period, reflecting an increase of about 8%[36]