HGTECH(SZ:000988)2019-04-26 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥1,151,036,902.03, a decrease of 8.96% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥99,947,712.85, representing an increase of 64.52% year-on-year[3]. - Basic and diluted earnings per share were both ¥0.10, up 66.67% from ¥0.06 in the same period last year[3]. - The company reported a 54.09% increase in R&D expenses, totaling ¥55,262,910.16, as a result of increased investment in new technologies and products[10]. - The company achieved a gross profit of CNY 60,616,503.84, with a gross profit margin of approximately 5.27%[26]. - The total comprehensive income for Q1 2019 was CNY 98,903,759.61, compared to CNY 57,491,785.22 in Q1 2018[27]. Cash Flow - The net cash flow from operating activities improved to -¥98,126,442.64, a 74.39% increase compared to -¥383,126,241.23 in the previous year[3]. - Total cash inflow from operating activities was ¥1,282,749,014.70, up from ¥924,710,902.10 in the previous period, marking a 38.7% increase[32]. - The company reported cash outflows for investing activities of -¥344,720,990.59, compared to -¥331,143,640.53 in the previous period, indicating a slight increase in investment expenditures[32]. - The net cash flow from operating activities was -48,766,697.03 CNY, an improvement from -124,498,521.04 CNY in the previous period, indicating a reduction in cash outflow[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,565,453,929.03, a decrease of 2.35% from the end of the previous year[3]. - Total liabilities decreased to ¥2,703,001,468.77 from ¥2,969,745,558.23, a decline of 8.97%[21]. - The company’s total equity as of the end of Q1 2019 was CNY 4,005,580,675.21, remaining stable compared to CNY 4,005,678,323.71 in the previous year[25]. - The total liabilities included short-term borrowings of 452,064,000.00 CNY, remaining unchanged from the previous period[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 93,115[6]. - The largest shareholder, Wuhan Huazhong Science and Technology Group Co., Ltd., held 28.68% of the shares[6]. - The company did not report any related party transactions among the top ten shareholders during the reporting period[7]. Other Income and Expenses - The company reported non-operating income of ¥47,795,486.88, after accounting for tax and minority interests[4]. - The company experienced a 269.80% increase in other income, amounting to ¥16,390,633.58, mainly from government subsidies recognized during the period[10]. - The company reported a 35.03% increase in income tax expenses, amounting to ¥23,713,966.40, reflecting higher profits during the period[11]. - The financial expenses decreased by 76.78% to ¥3,427,449.44, attributed to lower interest expenses and increased interest income[10]. Changes in Current Assets - Total current assets increased to ¥6,461,289,469.72 as of March 31, 2019, compared to ¥6,329,678,239.46 at the end of 2018, representing a growth of 2.08%[19]. - Cash and cash equivalents decreased to ¥1,734,207,671.02 from ¥2,011,286,919.43, a decline of 13.77%[19]. - Accounts receivable decreased to ¥2,534,905,375.19 from ¥2,630,587,501.72, a reduction of 3.63%[19]. - Inventory decreased to ¥1,242,090,054.08 from ¥1,281,541,512.89, a decrease of 3.08%[19].