*ST越博(300742) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥5,751,995.56, a decrease of 86.97% compared to ¥44,141,859.10 in the same period last year[7] - Net profit attributable to shareholders was -¥16,033,138.54, representing a 60.91% increase in losses compared to -¥9,963,962.02 in the previous year[7] - Basic earnings per share were -¥0.20, a 17.65% increase in losses compared to -¥0.170 in the same period last year[7] - The operating profit for the quarter was a loss of CNY 15,653,614.53, compared to a loss of CNY 10,476,686.89 in the same period last year, indicating a worsening performance[40] - The total comprehensive income for the quarter was CNY -16,033,138.54, which is a decline from CNY -9,963,962.02 in the same quarter last year[41] Cash Flow - The net cash flow from operating activities was -¥184,842,270.38, an increase in negative cash flow of 331.44% compared to -¥42,842,653.03 last year[7] - The cash flow from operating activities showed a significant decrease, with cash received from sales dropping to CNY 8,224,424.21 from CNY 76,788,090.82 in the previous year[47] - The net cash flow from operating activities was -149,016,947.28 CNY, compared to 6,862,493.36 CNY in the previous period, indicating a significant decline in operational performance[52] - Operating cash inflows totaled 177,209,056.23 CNY, while cash outflows were 326,226,003.51 CNY, leading to a negative cash flow from operations[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,531,873,258.85, a 0.95% increase from ¥2,507,959,964.65 at the end of the previous year[7] - The total liabilities increased, with short-term borrowings rising to ¥601,469,041.43 from ¥437,404,420.94 at the end of 2018[30] - The total liabilities as of March 31, 2019, were CNY 1,416,798,446.97, compared to CNY 1,376,852,014.23 at the end of 2018, indicating an increase of about 2.90%[32] - The total equity attributable to shareholders decreased to CNY 1,115,074,811.88 from CNY 1,131,107,950.42, reflecting a decline of approximately 1.42%[32] Government Subsidies - The company received government subsidies totaling ¥8,957,688.06 during the reporting period, which positively impacted Q1 performance[8] - In Q1 2019, the company received government subsidies totaling CNY 8.9577 million, positively impacting its performance[15] Research and Development - Research and development expenses for Q1 2019 were CNY 10,502,916.61, up from CNY 9,178,230.26 in the previous period, representing an increase of about 14.4%[38] - The R&D center for new energy vehicle power systems has received CNY 2,171.1 million, which is 17.92% of the planned investment[20] Customer and Supplier Concentration - The top five customers accounted for CNY 4,781,870.53 in sales, representing 83.13% of the annual total sales[16] - The largest customer contributed CNY 2,029,262.74, which is 35.28% of the annual sales total[16] - The top five suppliers accounted for CNY 4,308,346.41 in purchases, making up 40.70% of the annual total purchases[16] Investment Activities - The company has invested CNY 752.24 million of the raised funds in Q1 2019, with a cumulative investment of CNY 13,707.35 million[20] - The production base for the new energy vehicle power system has seen a cumulative investment of CNY 11,536.2 million, achieving 38.45% of the planned investment[20] Operational Strategy - The company is actively adjusting product structures in response to the slowdown in the overall market performance due to the delayed release of national subsidies for new energy vehicles[14] - The company plans to continue enhancing capacity, market expansion, and quality management as part of its annual operational strategy[16] Financial Management - The company reported a total of ¥288,665,125.16 in unused raised funds and interest, which includes ¥50,000,000.00 in structured deposits and ¥216,000,000.00 in temporarily supplemented working capital[22] - The company utilized ¥21,600,000.00 of idle raised funds to temporarily supplement working capital as of March 31, 2019[22] - The company plans to use part of the idle raised funds, up to ¥216,000,000.00, for cash management in safe and liquid financial products[22] Miscellaneous - There were no significant changes in the company's core technology team or major suppliers during the reporting period[15] - The company has not provided specific guidance for future performance or new product developments in the current report[40] - The company has not undergone an audit for the first quarter report[60]