Huati Tech(SH:603679)2018-04-25 16:00Financial Performance - Operating revenue for the current period reached CNY 127,700,675.25, representing an increase of 80.07% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 9,170,123.01, up 33.91% from the same period last year[6] - Basic earnings per share increased to CNY 0.1154, reflecting an 18.24% growth compared to the previous year[6] - Operating revenue increased by 80.07% to CNY 127,700,675 compared to CNY 70,916,604 in the same period last year, primarily due to increased installation income from engineering projects[12] - Net profit for Q1 2018 reached CNY 11,617,659.60, representing a 58.8% increase compared to CNY 7,320,745.35 in Q1 2017[24] - The company's operating revenue for the current period is ¥83,065,817.70, an increase of 26.3% compared to ¥65,776,697.89 in the previous period[26] - Net profit for the current period is ¥1,458,158.47, down 77.0% from ¥6,351,574.62 in the previous period[26] - The company’s total profit for the current period is ¥1,740,709.40, down 76.8% from ¥7,497,735.83 in the previous period[26] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -30,972,613.81, indicating a significant decline compared to CNY -12,100,968.66 in the previous year[6] - Net cash flow from operating activities was negative CNY 30,972,613, compared to negative CNY 12,100,968 in the previous year, primarily due to increased procurement payments[13] - Net cash flow from investing activities was negative CNY 181,423,146, significantly higher than negative CNY 2,799,446 in the previous year, mainly due to increased purchases of financial products[13] - The net cash flow from operating activities is -¥30,972,613.81, worsening from -¥12,100,968.66 in the previous period[29] - Cash and cash equivalents at the end of the period stand at ¥49,026,195.40, down from ¥261,262,461.63 at the beginning of the period[30] - The company reported a decrease in sales cash receipts to ¥108,887,509.91 from ¥117,679,371.52 in the previous period[28] - The total cash flow from operating activities was not detailed, but the overall cash position indicates a challenging liquidity situation[32] - The company’s cash reserves have significantly decreased, highlighting the need for strategic financial management moving forward[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 731,884,317.38, a decrease of 0.93% compared to the end of the previous year[6] - The total assets decreased to CNY 731,884,317.38 from CNY 738,743,949.06 at the beginning of the year[14] - The company’s total liabilities decreased to CNY 188,045,757.81 from CNY 221,383,806.53, indicating improved financial stability[16] - Total liabilities decreased to CNY 121,855,853.30 from CNY 161,396,928.07 at the start of the year, a reduction of 24.5%[20] - Current assets totaled CNY 436,518,328.43, down from CNY 465,547,654.83 at the beginning of the year[19] Expenses - Operating costs rose by 76.42% to CNY 87,903,772.7, reflecting the increase in revenue[12] - Management expenses increased by 49.48% to CNY 11,521,636.1, mainly due to the amortization of equity incentive costs and increased R&D expenses[12] - The company reported a significant increase in management expenses, rising to CNY 11,521,636.10 from CNY 7,708,060.17 year-over-year[24] - The company reported a 132.28% increase in income tax expenses to CNY 3,857,592.07, attributed to higher tax provisions from its subsidiary[12] Shareholder Information - The number of shareholders at the end of the reporting period was 5,783[10] - Short-term borrowings decreased by 92.86% to CNY 1,000,000 from CNY 14,000,000, primarily due to repayment of bank loans[12] Financial Transparency - The financial report is not subject to an audit, indicating a potential area for improvement in financial transparency[32]