G-bits(SH:603444)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders was CNY 213,442,887.27, representing a growth of 38.87% year-on-year[11]. - Operating revenue for the period was CNY 505,745,127.66, reflecting a 33.09% increase compared to the same period last year[11]. - Basic earnings per share increased to CNY 2.99, a rise of 38.43% compared to the previous year[11]. - The weighted average return on equity rose to 7.08%, an increase of 0.64 percentage points from the previous year[11]. - The company reported a significant increase in long-term equity investments, which rose by 38.70% to ¥225,091,190.09 from ¥162,288,069.82, due to new equity investments made during the period[22]. - The company’s investment income fell by 49.37% to ¥8,411,630.51 from ¥16,614,825.80, as the new financial instrument standards affected the recognition of investment income[26]. - The company reported a gross profit margin of approximately 58.0% for Q1 2019, compared to 55.0% in Q1 2018[52]. - Total comprehensive income for Q1 2019 reached approximately ¥269.85 million, up from ¥191.13 million in Q1 2018, reflecting a growth of 41%[55]. Cash Flow - The net cash flow from operating activities was CNY 221,637,597.11, up 62.37% year-on-year[11]. - The company’s cash flow from investing activities improved by 85.24%, with a net cash outflow of ¥59,279,388.21 compared to ¥401,576,850.89 in the previous year, due to a reduction in the purchase and redemption of financial products[27]. - In Q1 2019, the company reported cash inflows from operating activities of RMB 583,449,035.39, an increase of 57.8% compared to RMB 369,647,994.58 in Q1 2018[63]. - The net cash flow from investment activities was negative at RMB -59,279,388.21 in Q1 2019, an improvement from RMB -401,576,850.89 in Q1 2018[65]. - The company reported a net increase in cash and cash equivalents of RMB 149,159,908.39 for Q1 2019, compared to a decrease of RMB -290,724,587.93 in Q1 2018[65]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,229,694,343.62, an increase of 5.53% compared to the end of the previous year[11]. - Total liabilities decreased to RMB 799,881,139.00 from RMB 877,120,895.74, a reduction of approximately 8.8%[42]. - The company's total equity increased to RMB 3,429,813,204.62 from RMB 3,131,094,061.43, reflecting a growth of about 9.5%[42]. - Total non-current assets reached RMB 1,721,614,048.11, up from RMB 1,548,340,800.55, indicating an increase of approximately 11.2%[39]. - The company’s inventory decreased to RMB 436,774.77 from RMB 459,209.73, a decline of about 4.8%[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,475[15]. - The largest shareholder, Lu Hongyan, holds 30.09% of the shares, amounting to 21,629,475 shares[15]. - The company received government subsidies amounting to CNY 5,933,387.61 during the reporting period[15]. Expenses - Sales expenses surged by 100.18% to ¥55,034,659.42, compared to ¥27,492,786.51 in the previous year, primarily due to increased marketing expenses for new games[23]. - The company experienced a 41.42% rise in operating costs, totaling ¥50,126,407.54, up from ¥35,445,605.93, as payments to external developers for new games increased[23]. - The company’s financial expenses decreased by 79.34% to ¥2,407,330.30, down from ¥11,652,054.18, due to increased interest income and reduced exchange losses[23]. Research and Development - Research and development expenses for Q1 2019 were ¥70,210,957.71, an increase of 8.9% compared to ¥64,768,677.12 in Q1 2018[52].