DZCM(SH:603999)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 56.87% to CNY 3,696,656.57 compared to the same period last year[8] - Basic earnings per share increased by 50.00% to CNY 0.006 compared to the same period last year[8] - The company reported a net profit of CNY 3,741,412.66 for Q1 2019, an increase of 82.44% compared to CNY 2,050,805.90 in Q1 2018[12] - Total revenue for Q1 2019 was CNY 137,265,471.69, a decrease of 0.99% compared to CNY 138,642,197.72 in Q1 2018[25] - Total operating costs for Q1 2019 were CNY 134,690,171.12, down 5.51% from CNY 142,564,370.63 in Q1 2018[25] - The total profit for Q1 2019 was CNY 6,655,611.40, down 21.0% from CNY 8,444,445.09 in the same period last year[30] Assets and Liabilities - Total assets increased by 2.46% to CNY 2,051,320,964.90 compared to the end of the previous year[8] - Total current assets as of March 31, 2019, amounted to 1,199,938,366.81 RMB, compared to 1,147,699,359.98 RMB at the end of 2018, reflecting an increase of approximately 4.57%[18] - The total liabilities as of March 31, 2019, were 318,022,492.74 RMB, up from 272,458,961.43 RMB at the end of 2018, indicating a rise of about 16.73%[19] - Total liabilities for Q1 2019 were CNY 301,543,240.64, compared to CNY 209,119,768.89 in Q1 2018[24] - The total equity attributable to shareholders was 1,683,534,800.68 RMB, slightly up from 1,679,838,144.11 RMB, indicating a marginal increase of about 0.22%[20] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 12,090,716.74, an improvement from a net outflow of CNY 48,861,870.19 in the previous year[8] - The net cash flow from operating activities for Q1 2019 was -12,090,716.74 RMB, a decrease from -48,861,870.19 RMB year-on-year[14] - Cash inflow from operating activities was CNY 73,560,553.63, a decline of 8.5% from CNY 80,045,324.46 in Q1 2018[31] - Cash outflow from operating activities totaled CNY 85,651,270.37, down 33.5% from CNY 128,907,194.65 in Q1 2018[31] - The net cash flow from investment activities was negative CNY 109,234,844.91, slightly worse than negative CNY 106,358,321.83 in Q1 2018[32] Accounts Receivable and Inventory - Accounts receivable increased by 85.79% to CNY 189,913,180.34, primarily due to changes in settlement methods for seasonal textbook payments[12] - The company's cash and cash equivalents decreased by 22.01% to CNY 483,260,185.01 due to investments in financial products[12] - The company reported accounts receivable of $92.36 million, with accounts payable at $26.63 million[42][43] - The company has a total inventory of $45.49 million and other receivables amounting to $266.76 million[42] Future Outlook - The company anticipates potential impacts on cumulative net profit due to increased pricing and possible declines in product sales, with uncertainty regarding significant changes compared to the previous year[14] - The company plans to focus on market expansion and new product development in the upcoming quarters[24] Research and Development - Research and development expenses for Q1 2019 were CNY 10,500.00, significantly lower than CNY 157,849.09 in Q1 2018[26] Investment Income - The company reported a significant increase in investment income, totaling CNY 90,822.29 in Q1 2019 compared to CNY 2,587,755.52 in Q1 2018[26]