eGOVA(SZ:300075)2018-04-25 16:00Financial Performance - Total operating revenue for Q1 2018 was CNY 137,705,091.42, an increase of 22.52% compared to CNY 112,395,636.07 in the same period last year[8]. - Net profit attributable to shareholders was CNY 16,924,398.25, representing a growth of 52.39% from CNY 11,106,334.21 year-on-year[8]. - Basic earnings per share increased by 33.33% to CNY 0.04 from CNY 0.03 in the previous year[8]. - The company achieved operating revenue of RMB 137,705,091.42, representing a year-on-year growth of 22.52%[23]. - The net profit attributable to shareholders reached RMB 16,924,398.25, an increase of 52.39% compared to the same period last year[23]. - The operating profit for Q1 2018 was CNY 20,007,121.98, significantly higher than CNY 5,450,570.61 in Q1 2017, marking a growth of 267.5%[51]. - The company's total profit for the quarter was CNY 20,007,122.77, compared to CNY 14,416,649.20 in the previous year, reflecting a year-over-year increase of 38.5%[51]. - The basic and diluted earnings per share for Q1 2018 were both CNY 0.04, compared to CNY 0.03 in the same quarter last year, indicating a 33.3% increase[52]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -130,672,106.94, a decline of 7.05% compared to CNY -122,060,853.89 in the same period last year[8]. - As of March 31, 2018, the company's cash and cash equivalents decreased to RMB 552,866,869.36 from RMB 694,675,773.87 at the beginning of the period, reflecting a decline of approximately 20.4%[42]. - The company reported a cash inflow from operating activities of CNY 237,016,107.22, compared to CNY 130,050,108.85 in the previous year, indicating an increase of 82.2%[57]. - Total cash inflow from operating activities was 254,802,899.54 CNY, up from 148,143,270.08 CNY year-over-year, reflecting a significant increase in operational revenue[58]. - The ending cash and cash equivalents balance was 538,637,965.07 CNY, down from 679,979,956.46 CNY at the beginning of the period[59]. - The company’s cash and cash equivalents decreased by 141,341,991.39 CNY during the period, compared to a decrease of 165,838,004.48 CNY in the previous period[59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,009,706,124.35, down 1.71% from CNY 3,062,153,257.73 at the end of the previous year[8]. - Total liabilities decreased from CNY 1,006,581,183.41 to CNY 937,364,099.66 during the same period[44]. - The company's total equity increased from CNY 2,055,572,074.32 to CNY 2,072,342,024.69[45]. - Accounts receivable amounted to RMB 969,027,677.80, down from RMB 1,024,697,948.34, indicating a decrease of about 5.4%[42]. - Long-term equity investments decreased from CNY 11,530,432.97 to CNY 9,628,817.19[43]. Operational Highlights - New signed orders amounted to RMB 41,765,000, reflecting a growth of 57.85% year-on-year[23]. - Cash received from sales of goods and services increased by 82.25% year-on-year, attributed to higher sales collections[22]. - The company has undertaken drainage network projects in over ten cities, including Beijing, Guangzhou, and Qingdao, enhancing urban flood prevention and wastewater treatment processes[27]. - The company has successfully secured contracts for underground pipeline surveys and management information system construction in multiple cities, including Lianyuan and Tongling[27]. - The company is actively promoting its "grid-based +" smart city solutions in collaboration with various local governments[24]. - The company plans to expand its business into urban infrastructure intelligent services, including municipal, sanitation, and environmental protection sectors[25]. Risks and Challenges - The company faces risks related to reliance on government procurement, which may be affected by fiscal tightening at local government levels[10]. - Increased competition in the smart city construction sector poses a risk to maintaining market share and profit margins[10]. Investments and Future Plans - The company has a commitment to invest in various projects, with a total planned investment of CNY 68,810,000[32]. - The company completed the acquisition of 90% of the shares of Hanwang Technology Co., Ltd.'s wholly-owned subsidiary, enhancing its capabilities in smart city design and expanding its product line[33]. - The company has invested CNY 101,668.39 in total from the raised funds, with a cumulative change in use amounting to 28.81%[31]. - The company has implemented measures to retain core technical personnel, which are crucial for product innovation and sustainable development[11].