YBTI(SH:600883)2019-04-29 16:00Financial Performance - Operating revenue for the first quarter was ¥4,244,788.48, representing a significant decrease of 65.31% year-on-year[8]. - Net profit attributable to shareholders of the listed company was ¥1,542,365.68, down 20.98% from the same period last year[8]. - The net profit after deducting non-recurring gains and losses was -¥776,226.07, a decline of 166.69% compared to the previous year[8]. - Basic and diluted earnings per share were both ¥0.0065, reflecting a decrease of 21.69% year-on-year[8]. - Total operating revenue for Q1 2019 was 4,244,788.48, a decrease from 12,235,055.32 in Q1 2018, representing a decline of approximately 65.3%[34]. - Net profit for Q1 2019 was 1,542,365.68, compared to 1,951,861.66 in Q1 2018, reflecting a decrease of approximately 21%[34]. - Total comprehensive income for Q1 2019 was 1,545,317.20, down from 2,399,151.54 in Q1 2018, reflecting a decline of approximately 35.7%[35]. - Operating profit for Q1 2019 was 1,362,295.68, compared to 2,041,791.66 in Q1 2018, a decrease of about 33.2%[34]. Cash Flow - The company reported a net cash flow from operating activities of -¥2,593,426.56, which is not comparable to the previous year due to different operational conditions[8]. - Cash flow from sales of goods and services dropped to 4,788,951.60 from 15,098,470.10, a decrease of 68.28% due to lower sales volume[18]. - The net cash flow from investment activities was -CNY 35,794,887.03, a significant decline from CNY 875,522.99 in Q1 2018[41]. - The cash inflow from investment income was CNY 1,379,618.36, significantly higher than CNY 571,384.35 in Q1 2018[40]. - The company reported a net decrease in cash and cash equivalents of -CNY 38,395,363.78 in Q1 2019, compared to an increase of CNY 287,029.86 in Q1 2018[41]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥690,325,032.45, a slight increase of 0.27% compared to the previous year[8]. - Total liabilities decreased marginally to CNY 53,561,938.27 from CNY 53,571,678.38 in the previous year[31]. - The total current assets as of March 31, 2019, were 338,811,529.24 yuan, a decrease from 370,409,099.39 yuan at the end of 2018[26]. - The company's long-term equity investments increased to 307,894,202.91 yuan from 303,914,406.22 yuan at the end of 2018[26]. - Total liabilities reached ¥33.01 billion, with current liabilities at ¥8.67 billion and non-current liabilities at ¥24.34 billion[47]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,284[11]. - The largest shareholder, Shenzhen Derong Investment Development Co., Ltd., held 40,500,000 shares, accounting for 17.15% of the total shares[11]. - Shareholders' equity totaled ¥655.43 billion, with paid-in capital at ¥236.09 billion and retained earnings at ¥270.35 billion[48]. Investment Activities - The company reported an investment income of 1,379,618.36 yuan from new financial policies, which is an increase of 141.45% compared to the previous year[19]. - The company executed a rolling investment in government bond reverse repurchase, generating an investment income of 373,544.39 yuan, maintaining an investment balance of 60 million yuan[23]. - The company purchased bank financial products during the reporting period, achieving a total investment income of 30,563.01 yuan, with an ending investment balance of 6.7 million yuan[21]. Other Financial Metrics - Other comprehensive income decreased significantly by 99.34%, from 447,289.88 to 2,951.52[18]. - Financial expenses decreased by 70.45%, from 1,023,999.50 to 302,574.73, due to changes in interest income recognition[17]. - The company experienced an asset impairment loss of -156,677.70 in Q1 2019, which is an improvement compared to -353,300.22 in Q1 2018, showing a decrease of approximately 55.6%[38].