纵横通信(603602) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue increased by 17.29% to CNY 77,402,062.18 year-on-year[6] - Net profit attributable to shareholders decreased by 498.62% to a loss of CNY 3,438,831.96 compared to the same period last year[6] - The company reported a 77.63% decrease in income tax expenses, reflecting a reduction in profits compared to the previous year[13] - Net profit for Q1 2018 was a loss of CNY 3,541,055.58, compared to a profit of CNY 1,273,693.25 in Q1 2017, representing a significant decline[26] - The company reported a total comprehensive loss of CNY 3,175,944.53 for Q1 2018, compared to a comprehensive income of CNY 603,460.34 in the same period last year[30] Assets and Liabilities - Total assets decreased by 6.86% to CNY 948,908,928.22 compared to the end of the previous year[6] - The company's total assets decreased to CNY 938,167,094.87 from CNY 1,009,910,731.89 at the beginning of the year, a reduction of approximately 7.1%[24] - Current liabilities totaled CNY 303,704,143.76, down 18.4% from CNY 372,271,836.25 at the start of the year[24] - The company's current liabilities decreased from ¥368,998,601.71 to ¥302,625,474.38[20] - The total equity attributable to shareholders was ¥639,452,168.54, slightly down from ¥642,891,000.50[20] Cash Flow - Cash flow from operating activities improved by 11.80% to a net outflow of CNY 94,189,744.87 compared to the previous year[6] - The net cash flow from investment activities was ¥1,189,018.60, a decrease of 3192.62% compared to the previous year[13] - The company generated CNY 151,487,045.60 in cash inflow from investment activities, significantly higher than CNY 10,637.68 in the same period last year[36] - The company’s cash flow from financing activities resulted in a net inflow of CNY 9,100,395.83, compared to outflows in the previous year[33] Expenses - Sales expenses increased by 43.51% to CNY 2,409,961.02 due to expansion costs in other provinces[12] - The company reported a 58.09% increase in tax expenses, amounting to ¥15,519,591.60 compared to ¥9,817,039.74 in the same period last year[13] - Total operating costs for Q1 2018 were CNY 85,367,612.35, up 25.1% from CNY 68,234,982.95 in the same period last year[26] Shareholder Information - The number of shareholders reached 15,900 at the end of the reporting period[9] - The company received government subsidies totaling CNY 3,100,000.00, including CNY 3,000,000.00 related to capital market support[9] Investment Activities - Cash inflow from investment activities totaled ¥151,487,045.60, a significant increase of 1423960.94% compared to the previous year[13] - The company received CNY 150,000,000.00 related to investment activities, indicating a strategic focus on investment opportunities[36] - The company is planning a major asset restructuring to acquire 100% equity of Hangzhou Duomai E-commerce Co., Ltd., with stock trading suspended for up to 30 days starting April 9, 2018[14] Other Financial Metrics - The weighted average return on equity decreased by 0.81 percentage points to -0.54%[6] - Basic and diluted earnings per share for Q1 2018 were both CNY -0.04, compared to CNY 0.01 in Q1 2017[27] - The company reported an operating profit of CNY -6,378,731.92 for Q1 2018, compared to CNY 1,576,670.58 in the previous year[26] - The company's operating profit was negative CNY 6,024,917.34, a decline from a positive operating profit of CNY 671,345.17 in the same quarter last year[30]