和顺电气(300141) - 2019 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2019 was ¥119,400,686.59, a decrease of 11.78% compared to ¥135,337,622.21 in the same period last year[7] - Net profit attributable to shareholders was -¥7,811,868.25, representing a decline of 282.89% from ¥4,271,402.67 in the previous year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,111,083.45, down 320.39% from ¥4,134,134.61 year-on-year[7] - Basic and diluted earnings per share were both -¥0.03, a decrease of 250.00% from ¥0.02 in the same period last year[7] - The company's net profit for the first quarter of 2019 was CNY -7,853,733.83, a decline of 245.62% compared to CNY 5,393,234.48 in the same period last year[20] - Operating profit dropped by 208.69% to CNY -7,883,651.73, attributed to a decline in total operating revenue and a decrease in gross margin[20] - The total comprehensive income for the first quarter was -5,984,780.55 CNY, compared to -1,419,760.39 CNY in the previous period[53] Cash Flow - The net cash flow from operating activities improved to -¥35,493,958.13, a 66.07% increase compared to -¥104,620,542.37 in the previous year[7] - Operating cash flow for Q1 2019 was CNY -35,493,958.13, an improvement of 66.07% from CNY -104,620,542.37 in Q1 2018, attributed to reduced procurement and tax payments[21] - Cash inflow from operating activities totaled 153,484,684.37 CNY, an increase from 137,102,370.10 CNY year-over-year[53] - The net cash flow from operating activities was -35,493,958.13 CNY, improving from -104,620,542.37 CNY in the same period last year[53] - The net cash flow from financing activities was 5,620,527.24 CNY, compared to 45,027,196.72 CNY in the previous period[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,574,524,398.52, a decrease of 0.52% from ¥1,582,816,321.21 at the end of the previous year[7] - Total current assets decreased to ¥1,314,425,624.49 from ¥1,400,409,311.96, a decline of approximately 6.1%[35] - Total liabilities decreased to ¥769,730,507.09 from ¥853,190,472.17, a reduction of approximately 9.8%[36] - The company's total liabilities amounted to ¥455,512,687.19, an increase from ¥436,868,341.60 in the previous period[42] - Total equity decreased to ¥694,754,544.66 from ¥699,126,975.21 in the previous period[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,288[11] - The company repurchased and canceled 20,000 shares as part of its stock incentive plan[17] - The total number of shares outstanding as of March 31, 2019, was 91,459,931 after the cancellation[17] Expenses - Research and development expenses decreased by 40.43% to CNY 4,388,209.95 compared to CNY 7,366,380.43 in the previous year[20] - Financial expenses increased by 89.43% to CNY 2,657,739.96 due to higher interest payments on working capital loans[20] - Total operating costs for Q1 2019 were ¥128,658,942.93, slightly up from ¥128,217,479.29 in the previous period[43] Other Income and Gains - The company reported non-recurring gains and losses totaling ¥1,299,215.20, including government subsidies of ¥949,911.66[8] - Other income surged by 1547.00% to CNY 1,048,037.88, primarily from government subsidies received[20] Investments and Projects - The company signed contracts totaling CNY 22,800,000 for solar power projects, which are currently in progress[23][24] - The company received a bid notification for a project with Guangdong Power Grid, involving the supply of electric vehicle charging devices, currently under contract execution[25] Audit Status - The report was not audited, indicating that the figures may be subject to change upon final review[59]