Linewell(SH:603636)2019-04-24 16:00Financial Performance - Operating revenue increased by 96.56% to CNY 107,029,218.37 year-on-year, up CNY 52,577,000[7] - Net profit attributable to shareholders was -CNY 6,005,694.37, a decrease of 583.75% compared to the previous year[7] - Basic and diluted earnings per share were both -CNY 0.011, a decrease of 466.67% compared to the previous year[7] - The company reported a slight increase of 2.61% in net profit attributable to shareholders after deducting non-recurring gains and losses, totaling -CNY 9,184,249.24[7] - The net loss for Q1 2019 was ¥7,898,431.06, compared to a net profit of ¥271,234.46 in Q1 2018[35] - The operating profit for Q1 2019 was reported at -¥8,581,282.39, worsening from -¥2,473,463.05 in Q1 2018[34] - Basic earnings per share for Q1 2019 were -¥0.011, compared to ¥0.003 in Q1 2018, reflecting a decline in profitability[35] Cash Flow - Net cash flow from operating activities was -CNY 253,096,784.19, a decline of 54.01% year-on-year[7] - The net cash flow from operating activities for Q1 2019 was -121,178,440.18 RMB, an improvement from -127,073,929.36 RMB in Q1 2018[49] - Cash flow from operating activities for Q1 2019 was a net outflow of approximately ¥253.10 million, compared to a net outflow of ¥164.34 million in Q1 2018[46] - Total cash inflow from operating activities was approximately ¥95.27 million, while total cash outflow was approximately ¥348.37 million in Q1 2019[46] Assets and Liabilities - Total assets decreased by 5.89% to CNY 2,820,581,908.75 compared to the end of the previous year[7] - The company’s total current assets decreased to CNY 1,193,266,024.32 from CNY 1,477,956,424.26, reflecting a reduction in liquidity[20] - Total liabilities decreased from ¥1,229,046,574.27 to ¥1,051,105,236.63, a reduction of approximately 14.5%[25] - Current liabilities decreased from ¥998,366,303.20 to ¥850,720,646.73, a reduction of approximately 14.8%[25] - The total liabilities as of the reporting date were ¥1,018,660,222.91, down from ¥1,098,689,716.49 in the previous period[32] Investment and R&D - The company has increased investment in technology talent to enhance R&D capabilities and core technology competitiveness[7] - Research and development expenses amounted to CNY 490,725.05, marking a 100% increase as the company capitalized on its R&D investments[13] - Research and development expenses for Q1 2019 amounted to ¥490,725.05, indicating ongoing investment in innovation[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,653[9] - Shareholders' equity increased slightly from ¥1,768,206,596.25 to ¥1,769,476,672.12, an increase of about 0.1%[25] - The total equity attributable to shareholders reached ¥1,747,757,502.61, while total equity was ¥1,768,206,596.25[57] Operational Costs - The operating costs increased by 102.45% to CNY 67,199,912.18 from CNY 33,194,038.11, primarily due to the rise in operating revenue[13] - Total operating costs for Q1 2019 were ¥121,750,077.73, up from ¥72,857,995.25 in Q1 2018, reflecting a 67.0% increase[34] Financial Position - The company reported a decrease in cash and cash equivalents to CNY 233,973,231.18, down 61.00% from CNY 599,856,207.80 at the beginning of the period[13] - Cash and cash equivalents at the end of Q1 2019 stood at 113,245,513.83 RMB, down from 760,794,725.94 RMB at the end of Q1 2018, indicating a decrease of approximately 85.2%[50]