深赛格B(200058) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥376,087,480.56, a decrease of 3.85% compared to the same period last year[12]. - Net profit attributable to shareholders was ¥60,097,292.93, down 4.03% year-on-year[12]. - The net profit after deducting non-recurring gains and losses was ¥15,160,088.23, a significant decline of 44.12% compared to the previous year[12]. - The net cash flow from operating activities was negative at ¥10,122,641.51, worsening from a negative cash flow of ¥1,165,334.33 in the same period last year[12]. - Total assets at the end of the reporting period were ¥6,628,767,304.85, a decrease of 7.00% from the end of the previous year[12]. - The net assets attributable to shareholders increased by 2.79% to ¥1,920,074,451.41 compared to the end of the previous year[12]. - The weighted average return on net assets was 2.41%, slightly up from 2.40% in the previous year[12]. - The company reported non-recurring gains of ¥44,937,204.70, primarily from the disposal of non-current assets and government subsidies[13]. - The gross profit margin for Q1 2019 was approximately 12.4%, compared to 15.7% in the previous year[56]. - Basic earnings per share for Q1 2019 were CNY 0.0486, down from CNY 0.0507 in the same period last year[59]. - The total comprehensive income for the period was CNY 27,038,452.27, down from CNY 33,639,975.36 in the previous year, reflecting a decline of 19.6%[63]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 527,355,112.69 RMB, a reduction of 30.01%, primarily due to repayment of restructuring consideration and bank loans[20]. - The net cash flow from operating activities was negative at CNY -10,122,641.51, compared to CNY -1,165,334.33 in the same period last year[66]. - Cash received from interest, fees, and commissions decreased by 4,290,343.51 RMB, a decline of 92.04%, due to the transfer of the small loan business[25]. - Cash and cash equivalents decreased significantly from CNY 1,757,492,816.67 to CNY 1,230,137,703.98, a reduction of about 30%[47]. - The total cash and cash equivalents at the end of Q1 2019 amounted to ¥614,617,390.40, down from ¥971,376,038.87 at the beginning of the period[71]. - The net cash flow from financing activities in Q1 2019 was -¥148,710,107.48, compared to -¥56,125,458.32 in Q1 2018[71]. Assets and Liabilities - Total liabilities decreased from CNY 4,678,160,834.05 to CNY 4,098,671,857.24, a reduction of approximately 12.35%[49]. - The company's total assets decreased from CNY 7,128,009,738.20 to CNY 6,628,767,304.85, reflecting a decline of about 7%[50]. - The total liabilities as of Q1 2019 were ¥4,678,160,834.05, with current liabilities totaling ¥2,965,296,543.18[75]. - The company's inventory stood at ¥2,670,294,017.74 as of Q1 2019[74]. - Total current assets decreased to CNY 4,598,641,067.89 from CNY 5,068,568,666.07 as of December 31, 2018, representing a decline of approximately 9.25%[47]. Shareholder Information - The total number of shareholders at the end of the reporting period was 70,146[16]. - The largest shareholder, Shenzhen Seg Group Co., Ltd., held 56.70% of the shares, totaling 700,628,759 shares[16]. - The equity attributable to shareholders increased from CNY 1,867,881,216.44 to CNY 1,920,074,451.41, an increase of approximately 2.8%[50]. Legal and Regulatory Matters - The company faced contract breaches in its subsidiary projects, with 585 homeowners involved, of which 417 have been resolved as of the report date[29]. - The company is currently involved in multiple litigation cases, with amounts in dispute totaling over 2,000,000 yuan across various cases[30]. - The company is actively monitoring the legal situation regarding its subsidiary, which may impact future operations[46]. - The company has received legal documents regarding the freezing of some bank accounts of its subsidiary, which poses a risk of potential guarantee liability[31]. Investment Activities - Investment cash outflows increased by 442,248,340.34 RMB, a rise of 126.04%, reflecting significant investment activities during the period[25]. - The company reported an investment income of CNY 52,122,030.89, an increase of 19.5% from CNY 43,590,161.83 in the previous year[56]. - The company reported long-term equity investments of approximately CNY 1.33 billion[79]. Corporate Actions - The company issued a total of RMB 800 million in corporate bonds to meet funding needs for its main business development[31]. - The company plans to stop the construction of the photovoltaic industry base project in the Shenshan Special Cooperation Zone and intends to transfer its 100% equity in the related subsidiary[32]. - The cash portion of the transaction price for the major asset restructuring has been fully paid, amounting to RMB 675.63 million[32]. - The company has completed the registration procedures for the major asset restructuring of four target companies[32]. Operational Performance - The company reported a decrease in operating costs to CNY 329,289,265.35 from CNY 334,036,630.74, a reduction of 1.6%[56]. - The operating profit for Q1 2019 was CNY 37,601,898.49, down 15.5% from CNY 44,459,117.59 in Q1 2018[62]. - Total revenue from operating activities was CNY 288,094,199.99, down from CNY 386,113,295.26 in the previous year, representing a decline of approximately 25.4%[65].