GOLDENHOME(SH:603180)2019-04-25 16:00Financial Performance - Operating revenue increased by 6.18% to CNY 278,131,119.34 year-on-year[7] - Net profit attributable to shareholders rose by 2.68% to CNY 19,084,817.17 compared to the same period last year[7] - Basic and diluted earnings per share increased by 3.57% to CNY 0.29[7] - The net profit excluding non-recurring gains and losses dropped by 90.73% to CNY 1,087,478.15[7] - The company's operating revenue for Q1 2019 was CNY 272,363,749.43, an increase of 11.8% compared to CNY 243,654,824.61 in Q1 2018[31] - The net profit for Q1 2019 reached CNY 19,009,726.90, representing a growth of 2.3% from CNY 18,586,032.06 in the same period last year[30] - The total profit for Q1 2019 was CNY 21,335,253.35, slightly down by 0.6% from CNY 21,456,456.25 in Q1 2018[30] - The company's total comprehensive income for Q1 2019 was CNY 18,882,344.37, compared to CNY 18,555,183.10 in Q1 2018, reflecting a growth of 1.8%[30] Assets and Liabilities - Total assets decreased by 4.80% to CNY 1,764,483,631.52 compared to the end of the previous year[7] - Total assets as of March 31, 2019, amounted to CNY 1,446,886,538.30, a decrease from CNY 1,479,527,657.30 at the end of 2018[25] - Total liabilities as of March 31, 2019, were CNY 568,052,348.90, down from CNY 610,673,833.63 at the end of 2018[26] - Shareholders' equity totaled CNY 878,834,189.40 as of March 31, 2019, compared to CNY 868,853,823.67 at the end of 2018, reflecting a slight increase[26] - Total liabilities reached CNY 867,607,706.52, with current liabilities at CNY 826,147,694.82 and non-current liabilities at CNY 41,460,011.70[42] - The total liabilities to equity ratio stands at approximately 0.88, indicating a balanced capital structure[42] Cash Flow - Cash flow from operating activities improved by 22.93%, reaching a net amount of CNY -88,225,034.70[7] - The net cash flow from operating activities was -CNY 88,225,034.70, an improvement from -CNY 114,473,306.23 in the same period last year[36] - Cash inflow from investment activities totaled CNY 481,848,417.22, slightly down from CNY 494,316,390.04 in Q1 2018[36] - The net cash flow from investment activities was -CNY 9,217,707.72, a significant decline from CNY 47,757,541.06 in Q1 2018[36] - Total cash outflow from operating activities was CNY 411,682,767.83, up from CNY 393,452,655.12 in Q1 2018[36] Shareholder Information - The total number of shareholders reached 14,434, with the largest shareholder holding 43.19% of shares[12] - The company completed a share buyback of 738,600 shares, accounting for 1.09% of the total share capital, to be used for an equity incentive plan[17] Research and Development - R&D expenses increased by 34.83% to ¥19,435,575.56, reflecting the company's commitment to enhancing market competitiveness[15] - Research and development expenses increased to CNY 19,435,575.56, up 34.1% from CNY 14,414,416.28 in Q1 2018[30] Other Financial Metrics - Non-recurring gains and losses totaled CNY 17,997,339.02, with government subsidies contributing CNY 16,670,008.29[10] - Other income surged by 325.87% to ¥16,633,933.29, primarily due to an increase in government subsidies[15] - The comprehensive gross profit margin decreased by 4.95% to 34.64%, mainly due to changes in sales structure[15] - Sales expenses decreased to CNY 57,002,701.63, down 3.1% from CNY 58,803,669.37 in the previous year[30] - The financial expenses showed an improvement, with a net income of CNY -530,784.40 compared to CNY -932,178.50 in Q1 2018[30] Accounting Standards - The company has implemented new financial accounting standards effective January 1, 2019, impacting the recognition and measurement of financial instruments[43] - The company executed new financial accounting standards effective January 1, 2019, which may impact future financial reporting[49]