EASTCOM(SH:600776)2019-04-28 16:00Financial Performance - Operating revenue for the period was CNY 473,228,953.68, down 5.30% year-on-year[9] - Net profit attributable to shareholders was CNY 14,213,303.34, representing a decline of 31.14% compared to the same period last year[9] - Basic earnings per share decreased by 31.14% to CNY 0.01131632[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 7,684,333.43, a decrease of 42.66% year-on-year[9] - Total operating revenue for Q1 2019 was CNY 473,228,953.68, a decrease of 5.3% compared to CNY 499,734,895.44 in Q1 2018[31] - Net profit for Q1 2019 was CNY 13,767,603.20, representing a decline of 30.9% from CNY 19,978,103.12 in Q1 2018[32] - Total profit for Q1 2019 was CNY 18,321,466.06, a decline of 25.5% from CNY 24,590,386.30 in Q1 2018[31] Cash Flow - Net cash flow from operating activities was CNY -109,163,360.22, an improvement from CNY -202,204,385.32 in the previous year[9] - In Q1 2019, the cash inflow from operating activities was CNY 575,437,559.05, an increase of 12.06% compared to CNY 513,561,366.59 in Q1 2018[39] - The net cash flow from operating activities was -CNY 109,163,360.22, an improvement from -CNY 202,204,385.32 in the same period last year[39] - The cash inflow from investment activities totaled CNY 115,921,343.09, down 56.32% from CNY 264,266,404.28 in Q1 2018[39] - The net cash flow from investment activities was CNY 110,435,437.54, a decrease of 53.40% compared to CNY 236,992,116.09 in Q1 2018[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,744,611,342.41, a decrease of 1.53% compared to the end of the previous year[9] - Total liabilities decreased to approximately 614.33 million from 686.46 million, indicating a reduction in financial obligations[24] - Owner's equity remained stable at approximately 1.26 billion, reflecting consistent capital structure[24] - The total number of shareholders at the end of the reporting period was 202,153[14] - The largest shareholder, Putian Oriental Communication Group Co., Ltd., held 570,712,740 shares, accounting for 45.439% of total shares[14] Investments and Expenses - Research and development expenses increased to CNY 31,200,882.58, up 27.4% from CNY 24,481,428.40 in the same period last year[31] - Development expenses rose by 31.85% to approximately 9.38 million from 7.12 million, reflecting increased investment in smart self-service equipment development[16] - Sales expenses decreased significantly to CNY 16,080,700.75, down 30.2% from CNY 23,035,603.96 in Q1 2018[31] Shareholder Information - The company received government subsidies amounting to CNY 2,980,000.00 during the reporting period[11] - The equity attributable to shareholders of the parent company was CNY 2,777,426,946.69, down from CNY 2,786,299,769.97, showing a decrease of about 0.73%[30] Financial Position - Financial assets measured at fair value decreased by 100% to 0.00 from 110 million due to the recovery of structured deposits by a subsidiary[16] - Accounts receivable decreased by 74.65% to approximately 38.88 million from 153.34 million, primarily due to a reduction in bank acceptance bills[16] - Interest receivable increased by 202.27% to approximately 4.88 million from 1.61 million, attributed to increased deposit interest[16] - Construction in progress increased by 49.64% to approximately 859,793 from 574,593, due to a new parking project by a subsidiary[16] - Total assets decreased to approximately 3.74 billion from 3.80 billion, reflecting changes in financial and operational activities[20] Other Financial Metrics - The weighted average return on equity was 0.46%, down 0.22 percentage points from the previous year[9] - The company reported a financial expense of CNY -4,179,690.63, compared to CNY -350,303.54 in the previous year, indicating improved financial management[31]