002070SZSE

2019 First Quarter Report Text (Updated)

Zhonghe Retreat Co., Ltd.··10 pages

✨ AI Summary

The announcement presents the first quarter financial report of Fujian Zhonghe Co., Ltd. for 2019, highlighting a 24.45% increase in revenue compared to the previous year. However, the net profit attributable to shareholders remains negative at -49.3 million RMB. The report also notes significant changes in operating costs and a decrease in research and development expenses due to financial constraints. The company anticipates continued losses in the first half of 2019.

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Full Translation

AI Translation· azure_openai

Section 1: Important Notice

The Board of Directors, Supervisory Board, and senior management of the company guarantee that the contents of the quarterly report are true, accurate, and complete, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibility. All directors attended the board meeting to review this quarterly report. The company’s responsible person Zhao Deyong, the head of accounting Zheng Chong, and the head of the accounting institution (accounting supervisor) Zheng Chong declare that they ensure the financial statements in the quarterly report are true, accurate, and complete.

Section 2: Basic Information of the Company

1. Main Accounting Data and Financial Indicators

Does the company need to retrospectively adjust or restate previous years' accounting data? □ Yes √ No

ItemCurrent PeriodSame Period Last YearChange (%)
Operating Revenue (RMB)58,573,094.7247,065,614.5124.45%
Net Profit Attributable to Shareholders (RMB)-49,298,158.98-51,165,633.793.65%
Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (RMB)-47,292,972.82-50,710,284.426.74%
Net Cash Flow from Operating Activities (RMB)-1,572,288.329,547,978.97-116.47%
Basic Earnings per Share (RMB/share)-0.0778-0.08053.35%
Diluted Earnings per Share (RMB/share)-0.0778-0.08053.35%
Weighted Average Return on Net Assets-4.72%-10.50%5.78%
ItemEnd of Current PeriodEnd of Previous YearChange (%)
Total Assets (RMB)1,570,298,679.021,603,558,240.23-2.07%
Net Assets Attributable to Shareholders (RMB)-1,150,243,759.24-1,103,156,380.78-4.27%

Non-Recurring Gains and Losses Items and Amounts

ItemAmount (RMB)Description
Government Subsidies Included in Current Profit and Loss276,019.08Excluding those closely related to business
Funds Occupation Fees Charged to Non-Financial Enterprises470,977.00
Other Non-Operating Income and Expenses-2,864,223.62
Less: Income Tax Impact16,857.55
Minority Shareholders' Equity Impact (after tax)-128,898.93
Total-2,005,186.16

The company does not have any non-recurring gains and losses defined by the "Interpretative Announcement No. 1 on Information Disclosure for Companies Issuing Securities to the Public - Non-Recurring Gains and Losses" that are classified as recurring gains and losses.

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