*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 decline of 60.91% from -¥9,963,962.02 year-on-year[7] - The net cash flow from operating activities was -¥184,842,270.38, a significant drop of 331.44% compared to -¥42,842,653.03 in the previous year[7] - Basic earnings per share were -¥0.20, a decrease of 17.65% compared to -¥0.170 in the same period last year[7] - The total comprehensive income for Q1 2019 was CNY -16,033,138.54, which is a decline from CNY -9,963,962.02 in the previous year[41] - The operating profit for Q1 2019 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] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,531,873,258.85, reflecting a slight increase of 0.95% from ¥2,507,959,964.65 at the end of the previous year[7] - 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, representing 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, indicating a decline of approximately 1.42%[32] - The total assets as of March 31, 2019, were CNY 2,213,063,079.84, down from CNY 2,278,202,086.53, representing a decrease of approximately 2.86%[37] Cash Flow - As of March 31, 2019, the company's cash and cash equivalents amounted to ¥316,367,763.43, a decrease from ¥334,867,467.15 at the end of 2018[29] - The company's short-term borrowings increased to ¥601,469,041.43 from ¥437,404,420.94 at the end of 2018, representing a rise of approximately 37.5%[30] - The company's cash flow from operating activities was impacted by a total outflow of 326,226,003.51 CNY, compared to 170,628,490.05 CNY in the previous period, highlighting increased operational costs[52] - Cash inflow from financing activities amounted to 208,600,000.00 CNY, with a net cash flow of 151,496,305.49 CNY after accounting for outflows[53] Government Subsidies and Investments - The company received government subsidies totaling ¥8,957,688.06 during the reporting period, which positively impacted the Q1 performance[8] - 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 a planned investment of CNY 30 million, with 38.45% of the investment completed by the end of Q1 2019[20] - The R&D center for new energy vehicle power systems has a planned investment of CNY 12.11335 million, with 17.92% of the investment completed[20] 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, reflecting an increase of about 14.4%[38] - Research and development expenses for Q1 2019 were CNY 7,632,627.06, slightly lower than CNY 7,715,059.72 in the previous year[43] 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] Operational Adjustments - The company is actively adjusting product structures in response to the delayed release of national subsidies for new energy vehicles, which has affected market performance[14] - The company plans to continue enhancing capacity, market expansion, and quality management as part of its annual operational plan[16] - The company is actively adjusting product structures in response to current industry conditions[15] Miscellaneous - There were no significant changes in the company's core technology team or major suppliers during the reporting period[15] - The company has no reported violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[23][24] - The company has not undergone an audit for the first quarter report[60]