CASHWAY(SH:603106)2019-04-26 16:00Financial Performance - Operating revenue fell by 47.94% to CNY 173,112,679.76 year-on-year[5] - Net profit attributable to shareholders decreased by 71.58% to CNY 9,039,089.69 compared to the same period last year[5] - Basic earnings per share dropped by 72.73% to CNY 0.03 compared to the previous year[5] - The company reported a significant increase in non-recurring losses, with a net loss attributable to shareholders after excluding non-recurring items of CNY -13,572,714.61[5] - The company's operating revenue for Q1 2019 was CNY 173,112,679.76, a decrease of 48% compared to CNY 332,553,972.11 in Q1 2018[28] - The net profit for Q1 2019 was CNY 9,604,095.59, down from CNY 31,806,380.89 in the same period last year, representing a decline of approximately 70%[29] - The total profit for Q1 2019 was CNY 12,344,368.21, down from CNY 37,749,904.10 in Q1 2018, reflecting a decline of about 67%[29] - The company's operating profit for Q1 2019 was CNY 12,354,614.91, compared to CNY 34,999,394.91 in Q1 2018, a decrease of approximately 64%[28] Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY -65,168,349.55 from CNY -126,872,615.94 year-on-year[5] - Cash and cash equivalents decreased by 56.13% to ¥232,111,046.68 from ¥529,039,428.60 due to lower sales receipts and investment in financial products[11] - The cash flow from operating activities in Q1 2019 was CNY 115,110,339.10, down from CNY 145,574,177.13 in Q1 2018, a decrease of about 21%[32] - The net cash flow from operating activities was -¥63,660,886.90, compared to -¥126,872,615.94 in the same quarter last year, showing an improvement[37] - The total cash outflow from operating activities was ¥228,276,773.31, compared to ¥311,433,173.59 in the previous year, indicating a reduction in cash outflows[37] - The company experienced a net decrease in cash and cash equivalents of -¥287,420,557.37, compared to -¥124,166,121.87 in the same quarter last year[38] Assets and Liabilities - Total assets decreased by 1.84% to CNY 2,275,757,663.38 compared to the end of the previous year[5] - Total liabilities decreased to CNY 610,385,412.21 in Q1 2019 from CNY 662,222,275.11 in Q1 2018, a reduction of 7.83%[21] - Accounts receivable increased to CNY 470,911,955.83 in Q1 2019 from CNY 434,617,940.53 in Q1 2018, reflecting a growth of 8.33%[20] - The company reported a decrease in cash and cash equivalents to CNY 230,139,946.90 from CNY 528,428,886.75 year-over-year[19] - The total assets as of March 31, 2019, were CNY 2,276,175,507.84, a decrease from CNY 2,318,408,275.15 at the end of 2018[20] Shareholder Information - The total number of shareholders reached 33,374 by the end of the reporting period[8] - The largest shareholder, Hengrong Investment Group, holds 46.43% of the shares[9] Government Support and Other Income - The company received government subsidies amounting to CNY 22,442,162.73 during the reporting period[7] - Other income surged by 229.01% to ¥26,443,945.13 from ¥8,037,321.72, largely due to increased government subsidies received[12] - The company reported other income of CNY 26,443,945.13 in Q1 2019, significantly higher than CNY 8,037,321.72 in Q1 2018, an increase of approximately 229%[28] Operating Costs and Expenses - Operating costs decreased by 45.36% to ¥123,617,301.18 from ¥226,231,828.97, reflecting the decline in operating revenue[12] - Research and development expenses for Q1 2019 were CNY 22,467,670.87, slightly down from CNY 24,543,997.04 in Q1 2018[24] - The company incurred a total of CNY 123,617,301.18 in operating costs for Q1 2019, down from CNY 226,231,828.97 in Q1 2018, reflecting a decrease of approximately 45%[28]