FFEC(SH:600203)2019-04-29 16:00Financial Performance - Operating revenue increased by 63.00% to CNY 2,733,926,124.96 compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 57.54% to CNY 13,682,392.49 compared to the same period last year[7]. - Basic and diluted earnings per share decreased by 57.51% to CNY 0.03 compared to the previous year[7]. - Total operating revenue increased by 63.00% to ¥2,733,926,124.96 driven by growth in subsidiaries Zhongnuo Communications and Fujian Furi Technology[13]. - Operating profit for Q1 2019 decreased to ¥19,237,836.59, down 57.0% from ¥44,713,281.33 in Q1 2018[30]. - Net profit for Q1 2019 was ¥16,397,640.08, a decline of 61.5% compared to ¥42,293,938.69 in Q1 2018[30]. - The company reported a total equity of ¥2,161,519,127.31 as of March 31, 2019, compared to ¥2,125,305,117.37 at the end of 2018[27]. Cash Flow - The net cash flow from operating activities improved to CNY -19,854,679.89 from CNY -99,209,475.11 in the previous year[7]. - Cash inflow from operating activities rose by 63.43% to ¥3,524,453,010.07 reflecting increased sales activity[14]. - Total operating cash outflow increased by 57.12% to CNY 3,544,307,689.96, primarily due to increased cash payments for goods and services by the subsidiary Zhongnuo Communications[15]. - The net increase in cash and cash equivalents was CNY -46,167,179.74, a significant decline compared to CNY 76,742,749.52 in the previous period[16]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 3,524,453,010.07 in Q1 2019, compared to CNY 2,156,551,859.35 in Q1 2018, marking a growth of about 63.4%[37]. Assets and Liabilities - Total assets decreased by 5.15% to CNY 7,242,243,141.22 compared to the end of the previous year[7]. - Current liabilities decreased from CNY 5,369,498,714.82 to CNY 4,971,239,009.79, indicating improved liquidity management[22]. - Total assets as of March 31, 2019, amounted to ¥2,816,546,162.46, an increase from ¥2,779,332,102.65 at the end of 2018[26]. - The company’s total liabilities reached ¥5,528,596,500.81, indicating the overall financial obligations[43]. - The company recognized a decrease in total net assets by ¥152.74 million due to the implementation of new financial instrument standards[45]. Shareholder Information - The total number of shareholders reached 33,222 by the end of the reporting period[10]. - The largest shareholder, Fujian Furi Group Co., Ltd., holds 20.65% of the shares[11]. Research and Development - R&D expenses increased by 45.44% to ¥85,596,348.30 due to higher spending at Zhongnuo Communications[13]. - Research and development expenses for Q1 2019 were ¥85,596,348.30, up 45.4% from ¥58,851,579.42 in Q1 2018[30]. Tax and Financial Adjustments - The company reported a significant increase in tax payments by 45.93% to CNY 38,552,931.55, primarily due to increased tax liabilities from subsidiaries[15]. - The company began implementing the new financial instrument standards on January 1, 2019, with no significant impact on financial condition or cash flows[51].