ST天龙(300029) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was CNY 4,918,288.87, representing a 29.96% increase compared to CNY 3,784,438.71 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 3,115,100.11, an improvement of 74.42% from a loss of CNY 12,175,712.81 year-over-year[7] - Basic and diluted earnings per share were both CNY -0.0156, showing a 74.38% improvement from CNY -0.0609 in the same quarter last year[7] - Operating profit for the period was RMB -0.30569 million, a reduction in loss by 76.67% compared to the same period last year[15] - Net profit attributable to the parent company was RMB -0.31151 million, reflecting a decrease in loss of 74.42% year-on-year[15] - Net loss for the period was CNY 3,056,675.86, compared to a net loss of CNY 13,201,677.92 in the same period last year, showing an improvement of approximately 77%[39] - The total comprehensive income for the quarter was -3,241,304.52 CNY, an improvement from -10,436,421.42 CNY in Q1 2018, showing a recovery trend[44] Cash Flow - Net cash flow from operating activities improved to a loss of CNY 5,071,644.83, a 73.26% reduction from a loss of CNY 18,968,299.74 in the previous year[7] - Cash flow from operating activities showed a net outflow of -5,071,644.83 CNY, an improvement from -18,968,299.74 CNY in the previous year, indicating a reduction in cash burn[47] - Cash flow from investment activities generated a net inflow of 4,812,016.43 CNY, compared to an outflow of -1,073,302.56 CNY in the same period last year[48] - The company reported a significant decrease in cash outflows for operating activities, totaling 13,499,350.15 CNY, down from 34,402,148.79 CNY in the previous year[47] - The company’s cash flow from financing activities resulted in a net outflow of -66,544,860.69 CNY, reflecting challenges in raising capital[48] - The net cash flow from financing activities was -66,435,860.69 CNY, indicating a cash outflow[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 174,079,217.04, down 3.17% from CNY 179,772,150.19 at the end of the previous year[7] - The total current assets decreased to CNY 76,752,533.97 from CNY 78,981,571.58, reflecting a decline of approximately 2.8%[29] - The total non-current assets decreased to CNY 97,326,683.07 from CNY 100,790,578.61, indicating a decline of about 3.7%[29] - The total liabilities decreased to CNY 69,637,561.91 from CNY 72,273,819.20, a reduction of approximately 3.5%[30] - The total owner's equity decreased to CNY 104,441,655.13 from CNY 107,498,330.99, reflecting a decline of about 2.5%[31] - The company's total liabilities amounted to CNY 64,915,634.11, a slight decrease from CNY 66,367,455.51 in the previous period[36] - The total equity of the company was CNY 99,514,837.62, down from CNY 102,756,142.14 in the previous period[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,113[10] - The largest shareholder, Changzhou Noah Technology Co., Ltd., held 21.89% of the shares, totaling 43,788,606 shares[10] - No repurchase transactions were conducted by the top 10 shareholders during the reporting period[11] Research and Development - Research and development expenses decreased by 59.82% to RMB 454,179.81, indicating reduced spending compared to the previous year[14] - Research and development expenses for the quarter were CNY 454,179.81, down from CNY 1,130,451.95 in the previous period, indicating a reduction of approximately 60%[37] - The company plans to enhance its technology and product offerings by increasing R&D investment and collaborating with customers for product upgrades[19] Operational Challenges - The company is facing industry volatility risks due to significant impacts from national policies affecting the photovoltaic industry[19] - The company is actively seeking support from stakeholders to address liquidity challenges and ensure ongoing operational viability[20] - The company has made provisions for inventory risks, with remaining inventory having been processed and impairment recognized[20] Other Financial Information - Non-recurring gains and losses totaled CNY 1,339,047.46, including CNY 1,265,541.05 from the disposal of non-current assets[8] - Other income for the period was CNY 73,316.41, compared to CNY 328,503.91 in the previous period, reflecting a decrease of about 78%[37] - The company reported an asset disposal gain of CNY 1,265,541.05 during the quarter[39] - The report does not apply to the new financial instruments, revenue, and leasing standards adjustments[53] - The company did not undergo an audit for the first quarter report[53]