通源石油(300164) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was CNY 303,305,754.62, a decrease of 0.77% compared to CNY 305,646,642.15 in the same period last year[8] - Net profit attributable to shareholders increased by 288.09% to CNY 13,951,761.67 from CNY 3,594,962.00 year-on-year[8] - Net profit excluding non-recurring items rose by 313.32% to CNY 13,229,113.51 compared to CNY 3,200,690.50 in the previous year[8] - Basic earnings per share increased by 276.83% to CNY 0.0309 from CNY 0.0082 in the same period last year[8] - The company reported a net profit for Q1 2019 of CNY 14,293,214.25, representing an increase of 6.7% from CNY 13,391,608.74 in the same period last year[47] - The company reported a basic earnings per share of CNY 0.0309, up from CNY 0.0082 in the previous year[48] - The company’s total comprehensive income for the period was CNY 7,983,627.56, a recovery from a loss of CNY 6,658,783.73 in the same period last year[52] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 95.57% to CNY 480,454.74 from CNY 10,846,594.57 year-on-year[8] - Cash received from operating activities increased by 32.68%, primarily due to an increase in government subsidies[26] - Cash received from investment returns dropped by 97.00% to RMB 3,000,000.00, compared to RMB 100,000,000.00 in the same period last year[24] - The company reported cash and cash equivalents at the end of the period amounting to CNY 178,400,718.04, down from CNY 211,553,528.21 at the end of the previous year[55] - The net cash flow from financing activities was 13,276,958.12 CNY, compared to a negative cash flow of -20,734,157.33 CNY in the previous period[57] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,851,408,840.80, down 2.18% from CNY 2,915,049,963.66 at the end of the previous year[8] - Total current assets decreased to CNY 1,079,196,997.60 from CNY 1,114,654,567.00, a decline of approximately 3.2%[37] - Total liabilities decreased to CNY 1,031,483,883.03 from CNY 1,084,864,324.60, a decline of approximately 4.9%[39] - Total equity decreased to CNY 1,819,924,957.77 from CNY 1,830,185,639.06, a decrease of about 0.7%[39] - Long-term borrowings decreased to CNY 258,727,154.00 from CNY 268,534,606.00, a decline of approximately 3.7%[38] Investments and Expenses - The company's investment income surged by 922.58% to RMB 3,942,315.52, driven by increased returns from investments in Beijing Yilong Hengye Petroleum Engineering Technology Co., Ltd.[22] - Financial expenses decreased by 166.25%, resulting in a negative amount of RMB 4,413,246.02, primarily due to foreign exchange gains from Euro-denominated borrowings[22] - Research and development expenses for the quarter were CNY 2,619,845.21, compared to CNY 2,233,813.82 in the previous period, marking an increase of 17.3%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,347[11] - The company plans to issue up to 90,240,431 shares to raise no more than 600 million yuan for acquiring minority stakes in The Wireline Group and supplementing working capital[28] Operational Highlights - The company is actively expanding its domestic operations, with projects in major oil fields showing significantly higher operating rates than in previous years[26] - The company is preparing for new projects in Iraq and Ukraine, indicating ongoing international expansion efforts[27]