四方科技(603339) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue rose by 41.15% to CNY 333,437,272.78 year-on-year[6] - Net profit attributable to shareholders increased by 22.27% to CNY 34,580,459.84 compared to the same period last year[6] - Basic earnings per share rose by 14.29% to CNY 0.16[6] - Diluted earnings per share increased by 23.08% to CNY 0.16[6] - The company reported non-recurring gains of CNY 7,932,548.83 during the period[8] - Revenue for Q1 2019 reached ¥333,437,272.78, an increase of 41.15% compared to ¥236,230,014.71 in Q1 2018, primarily due to sales growth[11] - Net profit for Q1 2019 was CNY 34,580,459.84, representing a growth of 22.3% from CNY 28,282,795.33 in Q1 2018[23] - The company reported a gross profit of CNY 67,002,814.35 for Q1 2019, compared to CNY 71,108,203.77 in Q1 2018, indicating a decrease of 5.8%[22] - The company reported a total profit of CNY 8,447,296.75 for Q1 2019, down 37.5% from CNY 13,622,192.33 in Q1 2018[27] - The total comprehensive income for Q1 2019 was CNY 33,990,903.05, up 24.2% from CNY 27,381,834.19 in Q1 2018[28] Assets and Liabilities - Total assets increased by 8.94% to CNY 2,234,662,771.01 compared to the end of the previous year[6] - The total assets as of March 31, 2019, amounted to ¥2,234,662,771.01, up from ¥2,051,223,456.86 at the end of 2018[14] - Total liabilities as of March 31, 2019, were CNY 163,621,240.21, compared to CNY 154,564,376.98 at the end of 2018, indicating a rise of 5.9%[21] - Current assets totaled CNY 305,806,512.74, down from CNY 366,547,397.15 at the end of 2018, reflecting a decrease of 16.5%[20] - Non-current assets increased to CNY 968,850,378.02 from CNY 891,231,978.99, marking a growth of 8.7%[20] Cash Flow - Net cash flow from operating activities improved by 47.68%, reaching CNY -26,274,045.96[6] - Cash flow from operating activities showed a net outflow of CNY 26,274,045.96 in Q1 2019, an improvement from a net outflow of CNY 50,219,366.18 in Q1 2018[29] - The net increase in cash and cash equivalents for the quarter was -CNY 55,690,078.33, compared to -CNY 170,243,860.19 in the same period last year, showing an improvement in cash management[34] - The ending balance of cash and cash equivalents was CNY 163,309,671.55, down from CNY 218,999,749.88 at the beginning of the quarter[34] - The company reported a decrease in cash flow from operating activities, with total cash inflow dropping to CNY 107,397,770.95 from CNY 127,544,391.24 year-over-year[33] Shareholder Information - The total number of shareholders reached 20,185 by the end of the reporting period[9] - The largest shareholder, Huang Jie, holds 39.95% of the shares, totaling 84,187,105 shares[9] Operating Costs and Expenses - Operating costs increased by 62.34% to ¥266,434,175.82 in Q1 2019 from ¥164,121,811.34 in Q1 2018, driven by rising material prices[11] - Operating costs for Q1 2019 were CNY 303,420,458.43, an increase from CNY 204,569,090.94 in Q1 2018, reflecting a rise of 48.4%[22] - Employee compensation liabilities decreased by 47.17% to ¥18,104,417.06 from ¥34,267,387.74, reflecting the distribution of last year's bonuses[11] - Research and development expenses for Q1 2019 were CNY 12,316,708.15, slightly higher than CNY 11,254,684.86 in Q1 2018[23] - Research and development expenses decreased to CNY 4,810,522.64 in Q1 2019 from CNY 5,924,268.85 in Q1 2018, a reduction of 18.8%[27] - The company's sales expenses increased to CNY 5,722,650.38 in Q1 2019 from CNY 4,248,357.00 in Q1 2018, representing a rise of 34.7%[26] Investment Activities - Total cash inflow from investment activities was CNY 32,081,041.09, while cash outflow was CNY 77,468,353.50, resulting in a net cash flow of -CNY 77,468,353.50 for investment activities[33] - The company received CNY 53,041.09 in investment income during the quarter, contributing to overall cash inflows[33] - The company disposed of fixed assets and received CNY 28,000.00, which is part of the cash inflow from investment activities[33] - The total cash outflow for investment activities in Q1 2019 was significantly lower than the previous year's CNY 228,315,980.59, indicating a reduction in capital expenditures[33] Tax and Financial Management - The company received CNY 25,011,474.55 in tax refunds during Q1 2019, an increase from CNY 21,643,324.65 in Q1 2018[29] - The financial expenses for Q1 2019 were reported as CNY -576,101.62, a significant improvement compared to CNY -1,495,249.97 in Q1 2018[27] - The company experienced a foreign exchange loss of -CNY 647,472.31, impacting the overall cash position[34]