CRCH(SH:600636)2019-04-24 16:00Financial Performance - Operating revenue for the period was CNY 277,434,349.01, representing a decline of 37.35% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 1,139,167.74, a decrease of 101.72% compared to the same period last year[5] - Basic and diluted earnings per share were both -CNY 0.0025, a decrease of 101.65% compared to the previous year[5] - The company reported a total comprehensive income of CNY 1,301,429.50 for Q1 2019, compared to CNY 76,952,956.82 in Q1 2018[26] - The net profit attributable to the parent company was a loss of CNY 1,139,167.74, compared to a profit of CNY 66,372,119.11 in the same period last year[26] - The company reported an investment income of ¥1,474,520.54 in Q1 2019, compared to ¥319,829,831.28 in Q1 2018[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,452,906,456.04, a decrease of 1.14% compared to the end of the previous year[5] - Total liabilities decreased to ¥284,598,649.30 from ¥324,982,008.90[19] - Accounts receivable increased by 30.13% to ¥234,356,110.85 from ¥180,089,205.65[14] - Cash and cash equivalents increased to ¥959,993,136.26 from ¥906,390,410.22[17] - Total assets decreased to ¥3,452,906,456.04 from ¥3,492,727,644.45[19] - Total assets as of March 31, 2019, amounted to ¥2,967,156,345.97, slightly down from ¥2,971,627,048.25 at the end of 2018[23] Cash Flow - The net cash flow from operating activities improved significantly, with a net cash flow of -CNY 31,866,640.76, an increase of 88.53% year-on-year[5] - Operating cash flow for Q1 2019 was negative CNY 31,866,640.76, an improvement from negative CNY 277,860,758.22 in Q1 2018[32] - The total cash inflow from operating activities was 29,827,896.47 RMB, down from 802,336,624.73 RMB in the previous year[34] - The company reported a significant decrease in cash received from sales of goods and services, totaling only 2,157,585.42 RMB in Q1 2019 compared to 160,347,883.63 RMB in Q1 2018[34] - The company experienced a net increase in cash and cash equivalents of 127,912,423.43 RMB in Q1 2019, contrasting with a decrease of 323,379,994.63 RMB in Q1 2018[35] Subsidiary Performance - The subsidiary Guangzhou Aoweiya Electronics Technology Co., Ltd. generated revenue of CNY 39,137,977.62, an increase of 18% compared to the same period last year[7] - The net profit of the subsidiary was CNY 3,738,535.35, a significant increase of 1861.77% year-on-year[7] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,787[12] - The largest shareholder, China Cultural Industry Development Group Co., Ltd., held 24.66% of the shares[12] Research and Development - Research and development expenses increased by 86.29% to ¥17,210,029.74 from ¥9,238,421.56[14] - Research and development expenses for Q1 2019 were ¥17,210,029.74, an increase of 86.3% from ¥9,238,421.56 in Q1 2018[25] Other Financial Metrics - The weighted average return on equity decreased by 2.64 percentage points to -0.04%[5] - Operating costs fell by 45.16% to ¥234,825,887.53 from ¥428,237,676.77[14] - Sales expenses increased to CNY 861,071.54 in Q1 2019 from CNY 318,643.94 in Q1 2018, marking an increase of approximately 170.5%[28] - The company incurred management expenses of CNY 4,324,410.04 in Q1 2019, a decrease from CNY 20,613,378.08 in Q1 2018, representing a decline of about 79.0%[28]