电科芯片(600877) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -25,238,144.58, an improvement of 81.16% compared to CNY -133,978,905.26 in the same period last year[11] - The net profit for the first quarter of 2019 was -26,463,201.93 RMB, compared to -133,999,908.36 RMB in the same period of 2018, showing an improvement[42] - The net loss attributable to shareholders for Q1 2019 was CNY -223,973,450.30, compared to a loss of CNY -203,473,661.19 in the same period last year[34] - The total comprehensive income for the first quarter of 2019 was -20,499,789.11 RMB, an improvement from -121,536,927.33 RMB in the same quarter of 2018[44] - The operating profit for the first quarter of 2019 was -24,426,242.03 RMB, compared to -139,885,667.94 RMB in the same period of 2018, indicating a significant reduction in losses[42] Revenue and Costs - Operating revenue fell by 64.36% to CNY 35,025,930.35, primarily due to a continuous decline in sales scale[15] - The total operating revenue for Q1 2019 was CNY 35,025,930.35, a decrease of approximately 64.4% compared to CNY 98,288,940.52 in Q1 2018[39] - The total operating costs for Q1 2019 were CNY 66,795,268.29, down from CNY 245,621,024.22 in Q1 2018, reflecting a decrease of about 72.8%[39] - The total revenue for the first quarter of 2019 was 20,134,731.94 RMB, while the operating costs were 25,703,773.65 RMB, resulting in a gross loss[44] Assets and Liabilities - Total assets decreased by 5.85% to CNY 900,463,200.38 compared to the end of the previous year[11] - The total liabilities as of March 31, 2019, amounted to CNY 900,463,200.38, down from CNY 956,452,054.81 at the end of 2018[34] - The company reported a significant increase in expected liabilities by 307.54% to CNY 6,062,581.55[15] - The company’s total liabilities exceed total assets, indicating potential financial distress with total liabilities at 121.3% of total assets[61] Cash Flow - The net cash flow from operating activities improved by 54.56% to CNY -21,477,018.66 compared to CNY -47,268,730.74 in the previous year[11] - The net cash flow from operating activities was -21,477,018.66 RMB, a decrease from -47,268,730.74 RMB year-over-year[51] - Cash inflow from operating activities totaled 55,807,138.56 RMB, compared to 92,278,586.12 RMB in the previous year[51] - The net cash flow from investing activities was 12,078,579.59 RMB, a significant improvement from -69,720.13 RMB in the previous year[51] Research and Development - Research and development expenses increased by 254.19% to CNY 1,460,565.61, indicating a focus on innovation[15] - The company reported a research and development expense of CNY 1,460,565.61 for Q1 2019, compared to CNY 412,371.84 in Q1 2018, representing an increase of approximately 253.5%[39] - Research and development expenses increased as the company intensified its R&D efforts this year[16] Shareholder Information - The number of shareholders at the end of the reporting period was 59,999, with the largest shareholder holding 22.34%[12] - The total equity attributable to shareholders was CNY -223,973,450.30, indicating a decline from CNY -203,473,661.19 year-over-year[34] - The company has a significant accumulated deficit of -¥1,558,692,841.83, which may impact future profitability and investment decisions[61] Employee and Compensation - As of March 31, 2019, 301 employees signed agreements for the termination of labor contracts, and 273 employees signed agreements for leave arrangements[23] - The company reported a total of ¥62,816,121.58 in employee compensation payable, reflecting its payroll obligations[61] - Cash outflow for employee compensation was 14,986,191.02 RMB, a decrease from 43,828,215.75 RMB year-over-year[51]