Y.I.C.(SH:600119)2019-04-29 16:00Financial Performance - Operating revenue fell by 43.58% to CNY 156,121,373.28 year-on-year[6] - Net profit attributable to shareholders increased significantly by 1,565.43% to CNY 10,776,439.42 compared to the same period last year[6] - Basic and diluted earnings per share rose to CNY 0.0351, an increase of 1,571.43% year-on-year[6] - The company reported a net loss of ¥551,507,304.00, an improvement from a loss of ¥562,283,743.42 in the previous period[22] - The company reported an operating profit of ¥9,615,567.83 for Q1 2019, up from ¥2,240,843.12 in Q1 2018, representing an increase of 329.5%[29] - The net profit for Q1 2019 reached ¥11,945,720.37, compared to ¥3,609,023.65 in Q1 2018, indicating a significant increase of 231.5%[29] - The total comprehensive income for Q1 2019 was CNY 19,894,269.96, while the total comprehensive loss in Q1 2018 was CNY -95,322,671.45[32] Cash Flow - Cash flow from operating activities decreased by 67.61% to CNY 26,830,080.31 compared to the previous year[6] - The net cash flow from operating activities decreased by 67.61% to RMB 26,830,080.31 compared to RMB 82,826,143.30 in the previous year[16] - Cash inflow from operating activities in Q1 2019 was CNY 254,945,369.33, down from CNY 398,579,428.99 in Q1 2018, representing a decrease of approximately 36.1%[36] - The net cash flow from financing activities for Q1 2019 was CNY -35,904,801.64, an improvement from CNY -42,342,088.25 in Q1 2018[37] - The ending cash and cash equivalents balance for Q1 2019 was CNY 226,746,205.56, slightly up from CNY 224,201,829.68 in Q1 2018[37] Assets and Liabilities - Total assets decreased by 3.33% to CNY 1,603,032,399.82 compared to the end of the previous year[6] - Total current assets decreased to ¥656,134,463.28 from ¥731,851,601.44, a decline of approximately 10.3%[20] - Total non-current assets increased to ¥946,897,936.54 from ¥926,333,441.69, reflecting a growth of about 2.5%[21] - Total liabilities decreased to ¥1,270,496,529.75 from ¥1,336,751,266.69, reflecting a decrease of about 4.9%[22] - Total current liabilities decreased to ¥1,175,101,233.23 from ¥1,240,420,208.45, a decline of about 5.3%[22] Shareholder Information - The total number of shareholders reached 41,133 at the end of the reporting period[11] - The largest shareholder, Changjiang Economic United Development Group, holds 35.64% of the shares[11] Investment and Income - Non-operating income totaled CNY 2,591,266.62, including government subsidies and asset disposal gains[10] - The company reported an investment income of RMB 28,222,583.97, a significant improvement from a loss of RMB 393,910.91 in the same period last year[16] - The company received government subsidies contributing to an increase in non-operating income by 72.24% to RMB 3,905,584.00 from RMB 2,267,526.08[16] Research and Development - The company’s research and development expenses decreased by 65.97% to RMB 1,689,779.70 from RMB 4,966,070.69, reflecting reduced R&D activities[15] - Research and development expenses for Q1 2019 were ¥1,689,779.70, significantly lower than ¥4,966,070.69 in Q1 2018, indicating a reduction of 66.0%[28] Market and Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company expects a significant uncertainty in cumulative net profit until the next reporting period due to stock price fluctuations in the capital market[16] - The company’s net profit attributable to shareholders is primarily derived from investment income related to the fair value increase of financial assets, indicating significant market volatility[16]