JCET(SH:600584)2019-04-29 16:00Financial Performance - Operating revenue fell by 17.77% to CNY 4.51 billion year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 46.52 million, compared to a profit of CNY 5.25 million in the same period last year[4] - The company's operating profit for Q1 2019 was -227,370,120.31, a significant decrease compared to 10,996,880.02 in Q1 2018, primarily due to a decline in sales[9] - The net profit attributable to shareholders for Q1 2019 was -46,516,845.29, down from 5,250,811.50 in the same period last year, reflecting a decrease in operating profit[9] - Total operating revenue for Q1 2019 was ¥4,514,773,490.97, a decrease of 17.7% compared to ¥5,490,474,983.61 in Q1 2018[21] - Net profit for Q1 2019 was a loss of ¥46,056,242.21, compared to a profit of ¥9,575,145.22 in Q1 2018[22] - Basic earnings per share for Q1 2019 were -¥0.03, compared to ¥0.004 in Q1 2018[23] Assets and Liabilities - Total assets decreased by 8.01% to CNY 31.67 billion compared to the end of the previous year[4] - Total liabilities decreased to ¥19.63 billion from ¥22.13 billion, a reduction of 11.3%[16] - The company's total assets were reported at ¥31.67 billion, down 8.1% from ¥34.43 billion[16] - Total current assets amounted to approximately ¥8.37 billion, a decrease of 23.2% from ¥10.91 billion on December 31, 2018[13] - Total non-current assets were approximately ¥23.30 billion, a slight decrease from ¥23.52 billion, representing a decline of 1.0%[15] - Short-term borrowings rose by 50.65% to 10,739,573,058.22, primarily to redeem $425 million in preferred shares and repay $246 million in syndicated loans[8] Cash Flow - Net cash flow from operating activities increased by 20.03% to CNY 169.19 million[4] - Cash flow from financing activities showed a net outflow of -1,699,379,444.28, significantly higher than the inflow of 237,714,169.54 in the previous year, primarily due to debt repayments[10] - Cash flow from operating activities for Q1 2019 was CNY 169,193,210.11, an increase of 20.1% from CNY 140,963,653.36 in Q1 2018[27] - Cash inflow from financing activities was ¥2,802,650,000.00, significantly higher than ¥725,000,000.00 in the previous period[30] - The company reported a net cash outflow from investing activities of CNY 524,068,832.14 in Q1 2019, an improvement from CNY 754,548,982.32 in Q1 2018[65] Shareholder Information - The company had a total of 116,290 shareholders at the end of the reporting period[6] - The largest shareholder, National Integrated Circuit Industry Investment Fund, held 19.00% of the shares[6] Other Income and Expenses - The company reported a non-operating income of CNY 121.31 million, primarily from government subsidies[5] - Other income surged by 229.70% to 143,267,973.38, mainly due to an increase in government subsidies received[9] - Research and development expenses for Q1 2019 were ¥172,776,325.03, an increase of 15.9% from ¥148,823,481.70 in Q1 2018[21] - Financial expenses rose to CNY 101,037,707.59 in Q1 2019, up from CNY 83,797,393.68 in Q1 2018, indicating a rise of 20.5%[24] Cash and Cash Equivalents - Cash and cash equivalents decreased by 39.47% to CNY 2.89 billion compared to the beginning of the year[7] - The company's cash and cash equivalents were reported at ¥2.89 billion, down from ¥4.77 billion, indicating a decline of 39.7% year-over-year[13] - Cash and cash equivalents at the end of Q1 2019 were CNY 2,131,973,691.50, compared to CNY 1,333,722,868.63 at the end of Q1 2018, representing a growth of 60%[28] Equity - The equity attributable to shareholders decreased to approximately ¥12.03 billion from ¥12.29 billion, a decline of 2.1%[16] - The total equity attributable to shareholders reached approximately ¥12.29 billion, while total equity stood at about ¥12.30 billion[33]