华脉科技(603042) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 21.73% to CNY 210,668,471.21 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 206.47% to a loss of CNY 8,864,637.30 compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.0652, a decrease of 206.54% compared to the same period last year[6] - Total operating revenue for Q1 2019 was ¥210,668,471.21, a decrease of 21.6% compared to ¥269,139,935.03 in Q1 2018[25] - Net profit for Q1 2019 was a loss of ¥12,270,892.95, compared to a profit of ¥8,325,626.21 in Q1 2018[26] - The company reported a gross loss of ¥13,370,264.51 in Q1 2019, contrasting with a profit of ¥9,735,643.18 in Q1 2018[25] - The net profit for Q1 2019 was a loss of ¥10,311,009.01, compared to a profit of ¥4,968,411.16 in Q1 2018, marking a significant decline[29] - The total comprehensive income for Q1 2019 was a loss of ¥10,311,009.01, compared to a gain of ¥4,968,411.16 in Q1 2018[29] Assets and Liabilities - Total assets increased by 3.08% to CNY 2,192,273,484.88 compared to the end of the previous year[6] - Total current assets as of March 31, 2019, amounted to CNY 1,347,402,775.66, a slight increase from CNY 1,337,424,594.48 at the end of 2018[17] - Total assets as of March 31, 2019, reached CNY 2,192,273,484.88, compared to CNY 2,126,810,968.46 at the end of 2018[19] - Total assets decreased to ¥1,563,141,016.25 from ¥1,651,351,290.05 year-over-year[23] - Total liabilities decreased to ¥885,094,344.90 from ¥962,993,609.69 year-over-year[23] - The total liabilities were CNY 1,240,703,119.26, remaining stable compared to the previous period[40] Cash Flow - Net cash flow from operating activities improved to a loss of CNY 115,274,409.17, compared to a loss of CNY 129,939,762.50 in the previous year[6] - Net cash flow from investing activities worsened by 1,075.10% to -CNY 108,460,560.02, mainly due to increased fixed asset investments[18] - Net cash flow from financing activities increased by 296.87% to CNY 192,640,497.44, attributed to higher bank borrowings[18] - The net cash flow from operating activities for Q1 2019 was -CNY 102,188,306.29, slightly improved from -CNY 110,540,805.27 in the same period last year[36] - Cash inflow from financing activities reached CNY 210,000,000.00, a significant increase from CNY 30,000,000.00 in Q1 2018[36] Shareholder Information - The total number of shareholders reached 15,904 at the end of the reporting period[9] - The top shareholder, Xu Aimin, holds 25.71% of the shares, totaling 34,971,428 shares[9] Investments and Expenses - Research and development expenses rose by 31.13% to CNY 12,520,565.04, reflecting increased investment in R&D by subsidiaries[18] - Financial expenses surged by 764.80% to CNY 13,619,961.86, primarily due to increased bank borrowings during the reporting period[18] - Other income skyrocketed by 16,681.55% to CNY 8,658,418.45, driven by an increase in government subsidies received[18] - Prepayments increased significantly by 222.75% to CNY 50,380,059.51, attributed to an increase in pre-receivables from subsidiaries[18] - Research and development expenses increased to ¥12,520,565.04 in Q1 2019 from ¥9,547,883.66 in Q1 2018, reflecting a focus on innovation[25] Borrowings - Short-term borrowings decreased by 53.38% to CNY 145,000,000.00 from CNY 311,000,000.00 due to repayments during the reporting period[18] - Long-term borrowings increased by 89.42% to CNY 197,000,000.00 from CNY 104,000,000.00, indicating a strategic shift towards long-term financing[19] - The company raised ¥321,000,000.00 through borrowings in Q1 2019, compared to ¥30,000,000.00 in Q1 2018, reflecting increased financing activities[34]