SXBN(SH:600831)2019-04-29 16:00Financial Performance - Operating revenue for the period was CNY 739,630,441.91, representing a 13.24% increase compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 4.88% to CNY 43,727,283.79 compared to the previous year[7]. - Basic earnings per share decreased by 17.11% to CNY 0.063 per share[7]. - The total comprehensive income attributable to the parent company for Q1 2019 was CNY 43,727,283.79, compared to CNY 45,970,421.55 in Q1 2018, reflecting a decrease of 4.87%[29]. - Net profit for Q1 2019 was CNY 39,804,087.16, a decrease of 9.83% from CNY 43,963,578.90 in Q1 2018[29]. - The company's operating profit for Q1 2019 was CNY 32,340,861.08, down from CNY 34,664,173.79 in the same period last year, reflecting a decline of 6.8%[31]. Assets and Liabilities - Total assets decreased by 0.60% to CNY 8,001,927,362.14 compared to the end of the previous year[7]. - Total liabilities decreased to CNY 4,205,575,516.87 from CNY 4,794,153,758.56, a reduction of about 12.3%[23]. - Total equity increased to ¥3,796,351,845.27 from ¥3,255,797,328.47, marking an increase of approximately 16.6%[23]. - Current assets totaled ¥2,675,484,384.65, compared to ¥2,686,115,478.99 at the end of 2018, indicating a decrease of approximately 0.4%[22]. - Accounts receivable increased to ¥984,538,173.46 from ¥790,677,989.73, representing a growth of about 24.5%[22]. - Total liabilities reached ¥4,288.32 million, with current liabilities at ¥2,771.49 million and non-current liabilities at ¥1,516.83 million[44]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 34,732,712.99, an improvement from a net outflow of CNY 47,695,150.55 in the same period last year[7]. - Cash inflow from financing activities increased by 134.40% to ¥468,799,704.00 from ¥200,000,000.00 due to higher bank loan receipts[14]. - The company experienced a net cash outflow from operating activities of CNY -34,732,712.99 in Q1 2019, an improvement from CNY -47,695,150.55 in Q1 2018[32]. - Cash inflow from investment activities increased by 327.71% to ¥257,622,895.22 from ¥60,233,133.50 due to higher cash recovery from investments[13]. - Cash outflow for investment activities rose by 90.07% to ¥520,540,682.57 from ¥273,865,688.88 primarily due to increased cash payments for investments[13]. Shareholder Information - The number of shareholders reached 66,786, with the largest shareholder holding 29.30% of the shares[10]. - As of March 31, 2019, 76.56% of the convertible bonds issued had been converted into shares, totaling ¥612,449,000, representing 14.65% of the company's total shares before conversion[16]. Investment and Development - The company reported a significant increase of 137.38% in development expenditures to CNY 3,151,260.24 due to increased R&D activities[12]. - The company approved the establishment of a new subsidiary for big data operations with an investment of ¥5.1 million, acquiring a 51% stake[15]. - The company participated in the establishment of a poverty alleviation platform with an investment of ¥2 million, alongside its controlling shareholder's investment of ¥8 million[15]. Financial Adjustments - The company has implemented new financial instruments standards, resulting in a reclassification of certain financial assets[12]. - The company reported a significant adjustment of ¥127.90 million in financial assets due to the implementation of new financial instrument standards[45].