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纵横通信(603602) - 2019 Q1 - 季度财报
FreelynetFreelynet(SH:603602)2019-04-28 16:00

Financial Performance - Operating revenue rose by 16.55% to CNY 90,211,657.22 year-on-year[6] - Net profit attributable to shareholders decreased by 0.69% to CNY 670,767,259.99 compared to the end of the previous year[6] - The company reported a basic earnings per share of CNY -0.04, compared to CNY -0.03 in the previous year[6] - The weighted average return on net assets decreased by 0.15 percentage points to -0.69%[6] - The net loss for Q1 2019 was CNY -6,694,661.47, compared to a net loss of CNY -3,175,944.53 in Q1 2018, representing an increase in loss of 110.5%[28] - The company's total profit (loss) for Q1 2019 was CNY -6,331,182.07, compared to CNY -3,084,005.85 in Q1 2018, indicating a worsening financial position[28] - The total comprehensive loss for Q1 2019 was CNY -6,694,661.47, compared to CNY -3,175,944.53 in Q1 2018[29] Cash Flow - Cash flow from operating activities showed a negative value of CNY -172,660,920.00, indicating a decline from CNY -94,189,744.87 in the previous year[6] - The net cash flow from operating activities for Q1 2019 was -172,660,920.00 RMB, compared to -94,189,744.87 RMB in Q1 2018, indicating a decline of approximately 83.5% year-over-year[31] - Total cash inflow from operating activities was 164,506,450.11 RMB, while cash outflow was 337,167,370.11 RMB, resulting in a cash flow deficit from operations[31] - Cash inflow from investment activities was 80,498,630.14 RMB, down from 151,487,045.60 RMB in the previous year, reflecting a decrease of about 46.9%[32] - The net cash flow from investment activities was -29,105,939.25 RMB, compared to a positive cash flow of 1,189,018.60 RMB in Q1 2018[31] - Cash inflow from financing activities totaled 210,290,000.00 RMB, with a net cash flow of 139,100,996.50 RMB after accounting for cash outflows[32] Assets and Liabilities - Total assets increased by 4.82% to CNY 1,145,158,702.9 compared to the end of the previous year[6] - Total liabilities increased to CNY 458,070,918.75 from CNY 410,554,981.51 year-over-year[22] - Total assets as of March 31, 2019, amounted to ¥1,145,158,702.96, an increase from ¥1,092,457,638.31 at the end of 2018[17] - Total current liabilities increased slightly from CNY 415,447,996.76 to CNY 410,554,981.51, indicating stable short-term financial obligations[40] - The total liabilities and shareholders' equity combined also amounted to CNY 1,092,457,638.31, indicating a balanced financial structure[37] Shareholder Information - The number of shareholders reached 24,969 by the end of the reporting period[8] - Shareholders' equity totaled CNY 687,087,784.21 as of March 31, 2019, compared to CNY 681,902,656.80 at the end of 2018[22] Expenses - Management expenses rose by 40.83% to ¥5,803,412.60 primarily due to increased labor costs[10] - Financial expenses decreased by 190.52% to ¥459,993.08, attributed to increased bank loan interest[10] - Asset impairment losses surged by 2415.30% to -¥2,093,784.41, mainly due to a significant increase in receivables[10] - Investment income fell by 68.35% to ¥470,405.79, resulting from a decrease in wealth management products purchased with idle funds[10] Inventory and Receivables - Accounts receivable decreased to CNY 242,771,274.59 from CNY 285,484,326.61 year-over-year[21] - Inventory increased to CNY 290,385,835.19 from CNY 254,096,152.50 year-over-year, indicating a growth of 14.3%[21] Research and Development - R&D expenses for Q1 2019 were CNY 9,964,584.16, an increase from CNY 7,794,993.74 in Q1 2018, reflecting a growth of 27.8%[25] - Research and development expenses for Q1 2019 were CNY 9,964,584.16, up from CNY 7,794,993.74 in Q1 2018, reflecting a 27.8% increase[28] Capital Expenditures - Cash paid for fixed asset construction increased by 3113.25% to ¥9,576,345.04, attributed to expenses related to the procurement of an information integration platform[11] - The company plans to invest up to ¥22 million in building a mobile communication technology R&D center and headquarters in Hangzhou[12] Other Financial Information - Tax and additional fees increased by 157.41% to ¥618,367.92 due to one-time prepayment related to contracts[10] - The company reported other income of CNY 120,000.00 in Q1 2019, compared to CNY 100,000.00 in Q1 2018, showing a 20.0% increase[28]