Flying Technology(SH:603488)2019-04-25 16:00Financial Performance - Operating revenue for the period was CNY 60,372,285.13, representing a growth of 20.62% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 9,640,750.97, an increase of 25.37% compared to the same period last year[6] - The weighted average return on net assets increased by 0.04 percentage points to 1.06%[6] - The basic and diluted earnings per share remained at CNY 0.04[6] - Total operating revenue for Q1 2019 was CNY 60,372,285.13, an increase of 20.5% compared to CNY 50,051,941.10 in Q1 2018[24] - Net profit for Q1 2019 was CNY 8,875,639.86, a rise of 8.5% compared to CNY 8,179,585.20 in Q1 2018[25] - Operating profit for Q1 2019 reached CNY 10,539,109.71, representing a 9.8% increase from CNY 9,595,561.91 in Q1 2018[24] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 8,451,779.86, a decline of 910.97% compared to the previous year[6] - Cash flow from operating activities for Q1 2019 was negative at CNY -8,451,779.86, compared to a positive CNY 1,042,183.77 in Q1 2018[31] - The total operating cash outflow for Q1 2019 was CNY 63,466,671.12, compared to CNY 58,606,838.91 in Q1 2018[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 925,366,458.67, a decrease of 1.01% compared to the end of the previous year[6] - Total assets decreased from CNY 934,824,883.87 to CNY 925,366,458.67, reflecting a slight decline[16] - Total liabilities decreased from CNY 99,281,914.00 to CNY 79,953,744.59, indicating a reduction in financial obligations[17] - The company's total equity increased from CNY 835,542,969.87 to CNY 845,412,714.08, showing growth in shareholder value[17] - Total assets as of the end of Q1 2019 amounted to CNY 905,251,242.21, a decrease from CNY 914,853,351.77 at the end of Q1 2018[21] - Total liabilities for Q1 2019 were CNY 82,071,553.12, down from CNY 101,453,337.38 in Q1 2018[21] - Total equity for Q1 2019 was CNY 823,179,689.09, an increase from CNY 813,400,014.39 in Q1 2018[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,548[9] - The largest shareholder, Jin Peirong, held 34,520,000 shares, accounting for 16.52% of the total shares, with 8,210,000 shares pledged[9] Expenses and Income - Cash and cash equivalents decreased by 92.21% from CNY 572,781,848.24 to CNY 44,615,525.98 due to idle funds being invested in bank wealth management products[11] - Financial expenses increased by 37.36% from CNY -286,231.39 to CNY -393,170.28, attributed to growth in bank interest income[12] - Investment income dropped by 100% from CNY 510,831.36 to CNY 0.00 due to idle funds being used to purchase wealth management products that have not yet matured[12] - Tax refunds received increased by 116.73% from CNY 905,693.05 to CNY 1,962,937.01, due to receiving software tax refunds from the previous year[12] - Cash paid for the purchase of fixed assets decreased by 87.39% from CNY 7,754,999.19 to CNY 978,094.00 compared to the same period last year[12] Research and Development - Research and development expenses for Q1 2019 were CNY 2,672,692.22, compared to CNY 2,159,383.11 in Q1 2018, reflecting a 23.7% increase[24] Inventory and Receivables - Accounts receivable increased slightly from CNY 167,321,095.42 to CNY 168,210,608.71, indicating stable revenue collection[15] - Inventory stood at ¥38.23 million, indicating stable inventory management[35] Financial Standards and Reserves - The company has implemented new financial instrument standards, new revenue standards, and new lease standards, which may impact future financial reporting[33] - The company maintains a capital reserve of ¥338.42 million, contributing to its overall financial stability[36] - The company reported a capital reserve of $338,423,357.00, reflecting strong financial backing[40]