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For the three months ended 31 March 2019, Hareon Solar Technology Co Ltd revenues decreased 58% to RMB121.6M. Net loss increased 41% to RMB275.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Non - Operating Expense increase from RMB7M to RMB141.5M (expense), Impairment Loss on Assets increase from RMB1.8M (income) to RMB27.5M (expense).
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Revenue | 121.6 | 93.07 | 203.26 | 582 |
Gross Profit | 55.31 | -8.74 | 73.31 | 42.67 |
Operating Income | -125.27 | -1753.25 | -274.2 | -358.28 |
Net Income | -275.3 | -2689.11 | -450.62 | -597.41 |
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Assets | 6692.85 | 7298.45 | 11201.32 | 13303.98 |
Total Liabilities | 9499.48 | 9839 | 11049.48 | 12719.21 |
Total Equity | -2806.63 | -2540.55 | 151.84 | 584.77 |
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | 44.05 | 197.18 | 255.14 | 226.58 |
Cash From Investing Activities | -0.07 | -63.76 | -25.37 | -14.94 |
Cash From Financing Activities | -35.65 | -202.61 | -311.25 | -277.44 |
Net Change in Cash | 4.46 | -68.76 | -79.61 | -67.84 |
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