英搏尔(300681) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥65,726,511.30, a decrease of 56.41% compared to ¥150,784,402.73 in the same period last year[8] - Net profit attributable to shareholders was -¥16,452,881.85, representing a decline of 169.16% from ¥23,791,185.37 year-on-year[8] - Net profit excluding non-recurring items was -¥18,276,275.42, down 182.59% from ¥22,130,085.54 in the previous year[8] - Basic and diluted earnings per share were both -¥0.2176, a decrease of 169.15% from ¥0.3147 in the previous year[8] - The company's operating revenue for Q1 2019 was 65.73 million, a decrease of 56.41% year-on-year, mainly due to a decline in sales orders influenced by policy changes[20] - The company's net profit for Q1 2019 was -16.45 million, a decrease of 169.16% year-on-year, attributed to the decline in sales orders[20] - Operating profit turned negative at -¥18,308,543.17, down from ¥26,785,283.10 in the prior year[50] - Net profit for the period was a loss of ¥16,452,881.85 compared to a profit of ¥23,791,185.37 in the previous period, indicating a significant decline[50] Cash Flow - Operating cash flow for the period was ¥75,457,674.79, a significant increase of 6,900.91% compared to ¥1,077,826.58 in the same period last year[8] - Cash flow from operating activities was ¥146,396,917.42, a significant increase compared to ¥65,416,975.07 in the previous period[57] - The net cash flow from operating activities was CNY 75,457,674.79, compared to only CNY 1,077,826.58 in the same period last year, indicating a substantial improvement[58] - The company reported a cash flow net increase of CNY -55,029,002.40, contrasting with a net increase of CNY 127,744,312.28 in the previous period, highlighting a challenging cash flow environment[59] - The company incurred financing cash outflows of CNY 102,709,411.81, a significant increase from CNY 4,251,248.50 in the previous period, indicating a rise in debt repayment and dividend distribution[63] - The net cash flow from financing activities was negative at CNY -90,109,411.81, compared to CNY -4,251,248.50 in the same period last year, reflecting increased financial pressure[63] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,045,590,774.99, down 14.74% from ¥1,226,294,004.74 at the end of the previous year[8] - Net assets attributable to shareholders decreased by 2.53% to ¥633,926,929.71 from ¥650,379,811.56 at the end of the previous year[8] - The company's accounts receivable decreased by 46.08% compared to the beginning of the year, primarily due to changes in settlement methods[17] - The company's total liabilities decreased by 34.72% compared to the beginning of the year, primarily due to early repayment of short-term loans[19] - Current liabilities reduced from CNY 496,482,035.25 to CNY 324,108,198.36, representing a decrease of about 34.63%[41] - Total liabilities decreased from CNY 575,914,193.18 to CNY 411,663,845.28, a decline of about 28.54%[41] Investments and Projects - The company invested RMB 642.14 million in the construction of an integrated powertrain project for new energy vehicles, which is currently under construction[28] - The new energy vehicle control system project is expected to reach its intended usable state by June 30, 2019, delayed from the original schedule due to policy impacts[32] - The company signed a share acquisition intention agreement with Guangdong Dehao Runda Electric Co., Ltd. to acquire 100% of Zhuhai Yingrui Energy-saving Technology Co., Ltd., but the agreement was terminated due to a lack of consensus[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,668[11] - The largest shareholder, Jiang Guibin, holds 41.67% of the shares, amounting to 31,500,000 shares, which are currently pledged[11] Research and Development - The company's research and development expenses increased by 21.34% year-on-year, reflecting an increase in R&D personnel and related costs[20] - Research and development expenses increased to ¥10,471,627.86 from ¥8,630,235.17, reflecting a rise of approximately 21.4% year-over-year[48] Government Support - The company received government subsidies amounting to ¥2,145,168.91 during the reporting period[9] Operational Changes - The company's construction in progress increased by 43.57% compared to the beginning of the year, mainly due to the commencement of the powertrain workshop construction[17] - The company anticipates a potential net loss for the first half of 2019 due to the performance loss in Q1 2019, indicating increased investment risk for shareholders[34]