晨鸣B(200488) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥6,159,836,579.24, a decrease of 14.94% compared to ¥7,241,811,895.12 in the same period last year[7] - Net profit attributable to shareholders was ¥38,223,111.21, down 95.12% from ¥782,500,357.98 year-on-year[7] - The net profit after deducting non-recurring gains and losses was -¥23,652,252.85, a decline of 103.23% compared to ¥733,118,818.26 in the previous year[7] - Basic and diluted earnings per share were both -¥0.037, a decrease of 117.87% from ¥0.207 in the previous year[7] - The total comprehensive income for Q1 2019 was CNY 191,944,116.79, down from CNY 1,061,068,710.82 in the previous year, indicating a decrease of 81.9%[46] Cash Flow - The net cash flow from operating activities increased by 12.39% to ¥1,424,685,047.04 from ¥1,267,680,953.19 in the same period last year[7] - The net cash flow from operating activities was ¥813,451,793, a significant improvement compared to the previous period's net cash flow of -¥1,854,570,997[52] - Total cash inflow from operating activities amounted to ¥1,963,465,745, while cash outflow was ¥1,150,013,952, resulting in a net cash inflow[52] - Cash flow from investing activities showed a net outflow of -¥1,050,226,978, compared to a net inflow of ¥136,414,400 in the previous period[52] - The cash flow from financing activities for Q1 2019 was CNY 104,038,375.61, a recovery from a negative cash flow of CNY -134,535,571.79 in Q1 2018[49] Assets and Liabilities - The total assets at the end of the reporting period were ¥106,040,273,940.00, reflecting a 0.69% increase from ¥105,318,734,827.82 at the end of the previous year[7] - Total liabilities amounted to CNY 80,074,738,595.12, slightly up from CNY 79,447,043,599.73 at the end of 2018[39] - Current assets totaled CNY 32,501,661,203.07 as of March 31, 2019, compared to CNY 32,209,891,486.78 at the end of 2018, reflecting an increase of 0.91%[41] - The total non-current assets were CNY 56,711,316,139.30, down from CNY 57,351,223,039.12, reflecting a decrease of 1.12%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 123,152[12] - The net assets attributable to shareholders at the end of the reporting period were ¥25,141,902,723.14, up 0.37% from ¥25,048,731,454.79 at the end of the previous year[7] - Total equity attributable to shareholders was CNY 25,141,902,723.14, compared to CNY 25,048,731,454.79 at the end of 2018, indicating a marginal increase[39] Government Subsidies and Non-Operating Income - The company reported a government subsidy of ¥77,271,053.63 during the reporting period[9] - The company reported a significant increase in non-operating income, which rose by 3182.50% year-on-year, mainly due to increased government subsidies received during the reporting period[22] Operational Metrics - Accounts receivable increased by 28.96% from the beginning of the year, primarily due to an increase in goods settled by notes[20] - Prepayments rose by 35.10% from the beginning of the year, mainly due to increased advance payments for materials[20] - Non-current assets due within one year increased by 31.13% from the beginning of the year, attributed to an increase in receivables for lease payments due within one year[20] - Other non-current assets increased by 43.55% from the beginning of the year, primarily due to the company's subscription to equity in Nanyue Bank[20] Research and Development - Research and development expenses for Q1 2019 were CNY 192,763,955.03, a decrease of 11.6% from CNY 218,189,602.03 in Q1 2018[46] Financial Expenses - The financial expenses for Q1 2019 were CNY 735,008,721.10, down from CNY 768,650,745.61 in the previous year, showing a reduction of 4.4%[46] - The company’s interest expenses for Q1 2019 were CNY 785,193,442.24, an increase of 6.0% compared to CNY 740,613,828.95 in Q1 2018[46] Audit Information - The company did not undergo an audit for the first quarter report[55]