Tianyong(SH:603895)2019-04-19 16:00Financial Performance - Operating income decreased by 10.68% to CNY 101,197,721.97 year-on-year[7] - Net profit attributable to shareholders decreased by 29.60% to CNY 8,532,302.17 compared to the same period last year[7] - Basic and diluted earnings per share decreased by 39.81% to CNY 0.1031 compared to the previous year[7] - The weighted average return on equity decreased by 25.86% to 1.75%[7] - The company reported a decrease in net profit due to non-recurring losses and operational challenges[7] - Total operating revenue for Q1 2019 was ¥101,197,721.97, a decrease of 10.5% compared to ¥113,292,209.67 in Q1 2018[23] - Net profit for Q1 2019 was ¥11,144,748.71, a decline of 7.7% from ¥12,079,611.94 in Q1 2018[24] - The company's operating profit for Q1 2019 was CNY 12,460,648.38, compared to CNY 14,779,044.86 in Q1 2018, reflecting a decrease of approximately 15.7%[27] Assets and Liabilities - Total assets increased by 6.77% to CNY 1,177,346,079.63 compared to the end of the previous year[7] - Total assets as of March 31, 2019, amounted to 1,177,346,079.63, an increase from 1,102,733,858.90 at the end of 2018[18] - Total liabilities as of March 31, 2019, were 536,568,683.78, up from 473,101,211.76 at the end of 2018[18] - The company's total equity increased to 640,777,395.85 from 629,632,647.14, reflecting a growth in retained earnings[18] - Total liabilities for Q1 2019 were ¥544,208,540.66, up from ¥486,429,290.55 in Q1 2018, reflecting an increase of 11.9%[21] - The company reported a total of CNY 1,035,228,394.84 in current assets, which includes cash, receivables, and inventory[36] Cash Flow - Cash flow from operating activities increased significantly by 971.58% to CNY 19,294,516.96 year-to-date[7] - Operating cash flow net amount increased by 971.58% to 19,294,516.96 from 1,800,559.55, due to the use of notes payable reducing cash payments[12] - The net cash flow from operating activities was CNY 19,294,516.96, significantly up from CNY 1,800,559.55 in the same period last year, indicating a substantial improvement[30] - The net cash flow from operating activities for Q1 2019 was CNY 36,022,071.40, a significant increase from CNY 3,170,506.49 in Q1 2018, representing an increase of approximately 1,034%[34] - The company reported cash inflows from operating activities of CNY 126,830,207.24, up from CNY 120,482,437.39 in Q1 2018[30] Shareholder Information - The total number of shareholders reached 14,078 by the end of the reporting period[10] - The largest shareholder, Shanghai Mingjia Investment Co., Ltd., holds 62.35% of the shares[10] Expenses - Total operating costs for Q1 2019 were ¥91,164,557.14, down from ¥99,435,141.10 in Q1 2018, representing an 8.6% reduction[23] - Research and development expenses for Q1 2019 totaled ¥8,578,272.12, compared to ¥8,041,501.74 in Q1 2018, indicating a 6.7% increase[24] - Sales expenses for Q1 2019 were ¥4,515,138.88, compared to ¥3,073,635.29 in Q1 2018, marking a 47.0% increase[24] Government Support - Government subsidies recognized in the current period amounted to CNY 3,028,070.87[9] - Other income recorded was 3,028,070.87, attributed to tax refunds for embedded software products in Q1 2019[12] Other Financial Metrics - Cash and cash equivalents increased to 272,675,533.94 from 253,381,016.98, indicating improved liquidity[15] - The company has implemented new financial instruments, revenue, and leasing standards, which may impact future financial reporting[35] - The company holds $58 million in long-term equity investments, suggesting a strategic focus on long-term growth[41]