Hylink(SH:603825)2019-04-28 16:00Financial Performance - Operating income rose by 6.20% to CNY 2,138,611,368.18 year-on-year[6] - Net profit attributable to shareholders decreased by 114.64% to CNY -1,905,003.99 compared to the same period last year[6] - Basic earnings per share dropped by 150.00% to CNY -0.01[6] - The company reported a net loss of CNY 407,888.03 for the current period, compared to a profit of CNY 4,392,076.93 in the previous year[6] - Net profit decreased by 59.49% to ¥1,254,676.2 from ¥3,097,346.84, mainly due to increased expenses[14] - Operating profit fell by 87.21% to ¥1,994,797.7 from ¥15,601,192.15, attributed to rising costs[14] - Total profit decreased by 31.44% to ¥3,747,025.5 from ¥5,465,700.69, primarily due to increased expenses[14] - The company reported a total profit of ¥3,747,025.53 for Q1 2019, down from ¥5,465,700.69 in Q1 2018[27] - The net profit for Q1 2019 was CNY 9,502,866.87, down 41.5% from CNY 16,280,107.97 in the same period last year[30] - The total comprehensive income for Q1 2019 was CNY 9,502,866.87, compared to CNY 15,363,889.48 in Q1 2018, reflecting a decline of 38.3%[30] Cash Flow - Cash flow from operating activities improved significantly, increasing by 135.34% to CNY 86,857,914.13[6] - Cash flow from operating activities improved by 135.34% to ¥86,857,914.1 from -¥245,758,531.48, mainly due to reduced payments to suppliers[15] - Cash flow from operating activities in Q1 2019 was CNY 86,857,914.13, a significant improvement from a negative cash flow of CNY -245,758,531.48 in Q1 2018[33] - The company reported cash inflows from operating activities totaling CNY 2,026,746,401.41, up from CNY 1,985,986,382.25 in Q1 2018[33] - Cash outflows from operating activities decreased to CNY 1,939,888,487.28 in Q1 2019 from CNY 2,231,744,913.73 in Q1 2018[33] - The net cash flow from investing activities was CNY -43,777,948.63 in Q1 2019, compared to CNY -26,016,021.11 in Q1 2018, indicating increased investment outflows[34] - Cash flow from financing activities showed a net outflow of CNY -143,025,492.48 in Q1 2019, contrasting with a net inflow of CNY 105,857,053.13 in Q1 2018[34] Assets and Liabilities - Total assets increased by 4.46% to CNY 6,488,960,754.91 compared to the end of the previous year[6] - Total liabilities amounted to CNY 4,983,531,606.99, up from CNY 4,869,225,384.59, indicating a growth of approximately 2.34%[19] - Current assets totaled CNY 6,096,084,516.30, an increase from CNY 5,832,842,238.98, marking a growth of around 4.53%[18] - Non-current assets reached CNY 392,876,238.61, compared to CNY 379,209,329.31, showing an increase of about 3.52%[19] - Total liabilities as of Q1 2019 amounted to ¥5,072,120,050.15, compared to ¥4,869,962,635.22 in the previous year[24] - Total equity increased to ¥1,567,583,178.59 in Q1 2019 from ¥1,418,083,492.69 in Q1 2018, reflecting a growth of 10.5%[24] Shareholder Information - The total number of shareholders reached 12,217[11] - The largest shareholder, Su Tong, holds 28.60% of the shares, totaling 65,807,311 shares[11] Expenses - Management expenses increased by 33.39% to ¥33,662,208.1 from ¥25,235,878.63, primarily due to new share payment expenses[14] - Financial expenses increased by 88.14% to ¥17,357,194 from ¥9,225,622.91, due to increased loan scale and rising interest rates[14] - Research and development expenses for Q1 2019 were ¥57,505,457.19, an increase of 20.5% from ¥47,709,858.53 in Q1 2018[27] - Sales expenses for Q1 2019 were ¥116,962,263.97, an increase of 17.3% from ¥99,715,607.15 in Q1 2018[27] Changes in Accounting Standards - The company implemented new financial instrument standards starting January 1, 2019, affecting the measurement and reporting of financial assets[43] - The cumulative impact of the new standards resulted in adjustments to the financial statements, including reclassification of certain financial assets[48] - The impairment provision method changed from "incurred loss model" to "expected loss model," leading to a reassessment of credit risk and bad debt provisions[48]