HSGC(SH:600774)2019-06-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 65.32% to CNY 2,811,673.22 compared to the same period last year[7]. - Operating revenue slightly decreased by 0.30% to CNY 295,757,583.90 compared to the previous year[7]. - The net profit for Q1 2019 was CNY -2,694,706.42, compared to a net profit of CNY 5,952,344.42 in Q1 2018, indicating a significant decline in profitability[28]. - The company's operating profit for Q1 2019 was CNY 10,747,995.43, an increase from CNY 9,576,525.03 in Q1 2018, showing improved operational efficiency[27]. - The net profit for Q1 2019 was ¥8,340,962, down 15.0% from ¥9,823,270 in Q1 2018[30]. - The total profit for Q1 2019 was ¥11,090,087, a decrease of 0.5% from ¥13,156,836 in Q1 2018[30]. Cash Flow - Net cash flow from operating activities turned negative at CNY -9,124,742.81, a decrease of 173.71% compared to the same period last year[7]. - The net cash flow from operating activities for Q1 2019 was -¥9,124,742.81, compared to ¥12,379,987.53 in Q1 2018[34]. - Cash inflow from financing activities totaled 49,000,000.00 CNY, while cash outflow was 55,191,245.94 CNY, resulting in a net cash flow of -6,191,245.94 CNY for Q1 2019[38]. Assets and Liabilities - Total assets decreased by 2.98% to CNY 1,671,560,142.52 compared to the end of the previous year[7]. - Total current assets as of March 31, 2019, were ¥124,060,990.63, down from ¥182,239,341.78 at the end of 2018[19]. - The total liabilities decreased from ¥1,005,854,855.49 to ¥957,171,158.36[21]. - Total liabilities for Q1 2019 were CNY 408,163,234.64, compared to CNY 434,921,769.41 in Q1 2018, indicating a reduction in leverage[25]. - The company's total equity stood at 717,083,690.58 CNY, consistent with the previous year's figures[42]. Investments - The company reported a significant increase in investment income by 83.71% to CNY 927,448.59 compared to the previous period[13]. - Long-term investments increased slightly from ¥78,862,531.42 to ¥79,789,980.01[19]. - The company reported a decrease in investment income, with losses of ¥20,273.27 in Q1 2019 compared to losses of ¥98,202.34 in Q1 2018[30]. Shareholder Information - The number of shareholders reached 8,626 at the end of the reporting period[10]. - The total equity attributable to shareholders increased from ¥597,892,713.73 to ¥600,704,386.95[21]. Tax and Operating Costs - The total cash paid for taxes increased by 181.38% compared to the same period last year, amounting to ¥23,313,121.86[16]. - Total operating costs for Q1 2019 were CNY 285,937,037.06, down from CNY 287,579,539.90 in the same period last year, reflecting a cost reduction strategy[27]. - Cash paid for other operating activities rose by 41.25% year-on-year, totaling ¥32,960,615.06[16]. Cash and Cash Equivalents - Cash and cash equivalents decreased by 31.63% to CNY 99,250,546.92 compared to the end of the previous year[11]. - Cash and cash equivalents at the end of Q1 2019 were ¥99,250,546.92, down from ¥118,177,582.72 at the end of Q1 2018[35]. - The ending cash and cash equivalents balance was 65,716,717.50 CNY, down from 79,001,238.50 CNY in Q1 2018, reflecting a decrease of approximately 16.7% year-over-year[38]. Financial Standards and Reporting - The company has implemented new financial instrument standards, revenue recognition standards, and lease standards, which may impact future financial reporting[38]. - The company did not report any adjustments related to new financial instruments or leasing standards[45].