FOUNDERTECH(SH:600601)2019-04-29 16:00Financial Performance - Operating revenue for the period was approximately ¥890.74 million, representing a decline of 19.37% year-on-year[12]. - Net profit attributable to shareholders was approximately -¥157.31 million, compared to -¥76.27 million in the same period last year[12]. - The weighted average return on equity decreased by 2.47 percentage points to -4.99%[12]. - Basic and diluted earnings per share were both -¥0.0717, compared to -¥0.0347 in the previous year[12]. - The company reported a net loss of ¥157,824,974.33, a decrease of ¥82,346,927.53 compared to the previous year, mainly due to a decline in revenue and gross profit[23]. - The company's total profit for Q1 2019 was a loss of CNY 148,312,899.52, compared to a loss of CNY 71,345,479.81 in Q1 2018, marking a 108.5% increase in losses[47]. - The total comprehensive income for Q1 2019 was a loss of CNY 156,885,728.83, compared to a loss of CNY 77,875,704.15 in Q1 2018, indicating a 101.3% increase in losses[49]. Cash Flow - The net cash flow from operating activities was approximately ¥7.35 million, a significant improvement from -¥155.05 million in the same period last year[12]. - The company’s cash received from operating activities increased by 168.43% to ¥41,148,434.73, mainly due to an increase in received deposits[23]. - Operating cash inflow for Q1 2019 was CNY 1,319,001,264.04, a decrease of 5.5% from CNY 1,395,336,526.45 in Q1 2018[57]. - Net cash flow from operating activities for Q1 2019 was CNY 7,350,655.99, compared to a negative CNY 155,051,173.23 in Q1 2018[57]. - Cash inflow from other operating activities in Q1 2019 was CNY 41,148,434.73, significantly higher than CNY 15,329,572.68 in Q1 2018[57]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥10.77 billion, a decrease of 2.36% compared to the end of the previous year[12]. - Total assets decreased to ¥10,771,244,346.28 from ¥11,031,437,391.66, reflecting a reduction in current assets[32]. - The company’s short-term borrowings decreased to ¥1,793,038,656.82 from ¥1,853,301,870.83, indicating a reduction in leverage[32]. - Total current liabilities were CNY 6,613,433,729.30, with short-term borrowings at CNY 1,853,301,870.83[70]. - Total liabilities amounted to CNY 7,787,250,671.08, while total equity was CNY 3,244,186,720.58[72]. Shareholder Information - The total number of shareholders at the end of the reporting period was 236,270[16]. - The largest shareholder, Peking University Founder Group, held 255,613,016 shares, accounting for 11.65% of the total shares[16]. Government Subsidies and Other Income - The company received government subsidies amounting to approximately ¥4.28 million, which were included in the current period's profit[15]. - Other income rose by 67.74% to ¥3,740,871.94, attributed to an increase in government subsidies[23]. Legal Issues - The company is currently facing 915 lawsuits from investors with a total claim amount of ¥158,663,921.87 due to alleged false statements[26]. Research and Development - Research and development expenses increased to CNY 65,652,720.83 in Q1 2019, up from CNY 57,771,632.35 in Q1 2018, reflecting a growth of 13.5%[47].