科大国创(300520) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥120,528,241.47, an increase of 7.29% compared to ¥112,341,024.70 in the same period last year[7] - Net profit attributable to shareholders was ¥521,813.53, a significant recovery from a loss of ¥7,511,600.58 in the previous year[7] - Basic earnings per share improved to ¥0.003 from -¥0.036 year-on-year[7] - The company achieved operating revenue of 120.53 million RMB, representing a year-on-year growth of 7.29%[18] - The net profit attributable to shareholders was 0.52 million RMB, an increase of 803.34 million RMB compared to the same period last year[18] - The company's total cash and cash equivalents at the end of Q1 2018 were ¥235,595,850.39, down from ¥473,151,635.23 at the end of Q1 2017[50] - The total comprehensive income for Q1 2018 was ¥1,093,057.52, compared to -¥6,430,160.23 in the same quarter last year[45] Cash Flow and Liquidity - The net cash flow from operating activities was -¥160,234,923.73, a decline of 122.19% from -¥72,116,653.05 in the same period last year[7] - Cash and cash equivalents decreased by 60.31% compared to the beginning of the period, primarily due to repayment of bank loans and transactions related to the internet + smart logistics cloud service platform[17] - The company's cash and cash equivalents decreased significantly to CNY 73,654,179.21 from CNY 258,316,523.40, a drop of 71.5%[37] - Cash and cash equivalents at the end of the period decreased to $74,992,169.92 from $239,151,697.70, a decline of 68.7%[54] - The company reported a negative cash flow from investment activities of -$9,555,250.15, slightly worse than -$9,148,486.55 previously[53] Assets and Liabilities - Total assets decreased by 12.57% to ¥1,104,546,525.39 from ¥1,263,333,466.91 at the end of the previous year[7] - Current liabilities decreased to CNY 523,687,340.82 from CNY 617,432,169.95, a reduction of 15.1%[38] - The total liabilities decreased to CNY 536,671,717.50 from CNY 630,701,319.96, a decline of 14.9%[39] - The company's total assets decreased to CNY 1,012,833,012.89 from CNY 1,110,291,030.81, a decline of 8.8%[38] Operational Risks and Market Conditions - The company faces risks from intensified market competition, particularly in the software development sector[9] - Seasonal fluctuations in revenue are expected, with higher income typically concentrated in the second half of the year due to client budget cycles[9] - The company has a significant risk related to accounts receivable, which may increase as project cycles are lengthy and payment terms are extended[11] Investments and Projects - The company has invested a total of 16.57 million yuan from the raised funds, with 2.15 million yuan invested in the current quarter[24] - The new generation telecom operation support system project has a total investment commitment of 62.04 million yuan, with 100% of the investment completed[24] - The big data-driven intelligent application software project has 75.60% of its investment completed, with a total commitment of 6.35 million yuan[24] - The company plans to redirect ¥63.5 million of unutilized raised funds to the "Big Data Driven Intelligent Application Software Project" after terminating two previous projects[25] Management and Governance - The company has not experienced significant changes in its core management team or key technical personnel during the reporting period[21] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[28][29] Sales and Procurement - The company achieved a total procurement amount of 19.56 million yuan, with the top five suppliers accounting for 60.36% of total procurement[20] - The sales amount from the top five customers reached 54.87 million yuan, representing 45.52% of total sales[20]