春秋电子(603890) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue increased by 15.34% to CNY 412,982,859.89 year-on-year[7] - Net profit attributable to shareholders increased by 103.34% to CNY 20,601,600.28 compared to the same period last year[7] - Basic and diluted earnings per share increased by 57.14% to CNY 0.11 per share[7] - Total operating revenue for Q1 2019 was CNY 412,982,859.89, an increase of 15.3% compared to CNY 358,049,003.02 in Q1 2018[24] - Net profit for Q1 2019 reached CNY 20,601,600.28, representing a significant increase of 103.0% from CNY 10,131,846.86 in Q1 2018[25] - The net profit attributable to the parent company for Q1 2019 was ¥20,601,600.28, compared to a net loss of ¥10,131,846.86 in Q1 2018, indicating a significant turnaround[26] - The total comprehensive income for Q1 2019 was ¥20,601,600.28, compared to a total comprehensive loss of ¥10,131,846.86 in Q1 2018[26] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 53,666,075.46, a 229.59% increase year-on-year[7] - The net cash flow from operating activities for Q1 2019 was ¥53,666,075.46, compared to a negative cash flow of ¥41,413,588.54 in Q1 2018[33] - Cash inflow from operating activities totaled ¥549,635,035.12 in Q1 2019, compared to ¥484,329,218.60 in Q1 2018, indicating strong operational performance[33] - The net cash flow from investing activities was ¥128,983,143.12, a recovery from a net outflow of ¥646,422,511.50 in Q1 2018[36] - The total cash inflow from operating activities was primarily driven by an increase in sales revenue, which reached ¥202,245,010.22 in Q1 2019, compared to ¥181,461,640.40 in Q1 2018, representing an increase of approximately 11.5%[36] Assets and Liabilities - Total assets decreased by 1.63% to CNY 2,501,674,238.79 compared to the end of the previous year[7] - The total assets decreased from ¥2,543,244,674.86 to ¥2,501,674,238.79, reflecting a reduction in current assets[17] - The company's total liabilities decreased from ¥1,080,816,446.04 to ¥1,014,620,680.43, reflecting a reduction in short-term borrowings[17] - Total liabilities amounted to CNY 439,452,358.69, down from CNY 461,574,042.91 at the end of 2018, indicating a reduction of 4.8%[22] Shareholder Information - Total number of shareholders reached 17,184, with the largest shareholder holding 43.99% of shares[9] - The total equity attributable to shareholders was CNY 1,431,245,997.99, up from CNY 1,410,644,397.71, indicating an increase of 1.5%[20] Expenses and Income - Research and development expenses for Q1 2019 were CNY 17,565,148.96, compared to CNY 13,803,019.55 in Q1 2018, reflecting a rise of 27.5%[25] - The company's income tax expense decreased by 64.80% to ¥1,703,630.68, mainly due to increased R&D deductions and reduced deferred tax expenses[12] - Financial expenses dropped by 49.45% to ¥9,905,519.68, attributed to a decrease in foreign exchange losses due to a decline in the USD exchange rate[12] - The company's cash received from investment recovery rose by 34.41% to ¥171,247,841.82, driven by an increase in the recovery of temporarily idle raised funds[12] Other Financial Metrics - The weighted average return on equity rose by 68.99 percentage points to 1.45%[7] - The company's retained earnings increased to CNY 398,540,500.44 from CNY 377,938,900.16, showing a growth of 5.4%[20] - The company's cash and cash equivalents increased to ¥677,834,944.99 from ¥549,510,733.41, indicating improved liquidity[16] - The company reported an increase in asset impairment losses by 200.59% to ¥2,615,876.87, primarily due to an increase in bad debt provisions[12]