汇源通信(000586) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥74,152,312.59, representing a 2.52% increase compared to ¥72,332,353.91 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥1,586,549.84, an improvement of 64.40% from a loss of ¥4,456,603.66 in the previous year[8]. - The basic earnings per share improved to -¥0.008, a 65.22% increase from -¥0.023 in the previous year[8]. - Operating profit improved by 58.10% to -¥2,596,653.71 from -¥6,197,865.91, driven by higher revenue from optical cable and fiber businesses[15]. - The net profit attributable to shareholders of the parent company improved by 64.40% to -¥1,586,549.84 from -¥4,456,603.66, due to higher gross margin contributions from optical cable and fiber businesses[15]. - The company reported a net loss of CNY 1,906,328.51 for Q1 2019, compared to a net loss of CNY 5,551,061.54 in the same period last year, indicating an improvement in performance[44]. Cash Flow - The net cash flow from operating activities was negative at ¥21,972,273.72, a decline of 160.12% compared to a negative cash flow of ¥8,446,874.99 in the same period last year[8]. - Net cash flow from operating activities worsened by 160.12% to -¥21,972,273.72 from -¥8,446,874.99, mainly due to increased cash payments for goods and services[15]. - Net cash flow from investing activities was ¥17,108,175.02, a significant improvement from -¥4,290,989.90, attributed to the release of matured time deposits[15]. - Net cash flow from financing activities increased by 85.09% to ¥13,650,624.72 from ¥7,375,058.32, primarily due to increased cash received from borrowings[15]. - The company generated CNY 119,844,259.37 in cash inflows from operating activities, slightly down from CNY 120,516,357.14 in the previous year[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥573,855,645.35, down 4.26% from ¥599,392,755.83 at the end of the previous year[8]. - The company's total liabilities amounted to CNY 383,677,000.00, with current liabilities including accounts payable at CNY 128,839,422.24, down from CNY 166,421,375.14, a decrease of approximately 22.6%[38]. - The company's current assets totaled CNY 483,677,385.77, down from CNY 506,133,076.32 at the end of 2018, indicating a reduction of about 4.4%[37]. - Total liabilities decreased to CNY 63,435,232.72 from CNY 64,331,522.76, showing a slight reduction in financial obligations[42]. - Owner's equity totaled CNY 147,098,030.66, down from CNY 149,502,636.07, indicating a decrease in shareholder value[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,847[11]. - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, held 20.68% of the shares, amounting to 40,000,000 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Research and Development - Research and development expenses surged by 655.57% to ¥3,603,483.80 from ¥476,924.23, reflecting increased R&D investments[15]. - Research and development expenses increased to CNY 3,603,483.80 from CNY 476,924.23, reflecting a substantial investment in innovation[43]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥869,655.08 for the period[9]. - Investment income decreased by 348.06% to -¥2,194,830.93 from -¥489,853.95, primarily due to increased losses from joint ventures[15]. - The company incurred management expenses of CNY 946,450.30, down from CNY 1,698,731.66 in the previous year, reflecting cost control efforts[46]. - The company reported a significant increase in other income to CNY 541,390.76 from CNY 1,871,706.79, indicating variability in non-operating income sources[43]. Compliance and Standards - The company executed new financial instrument standards starting January 1, 2019, impacting the financial reporting[50]. - The company has not made any adjustments to prior comparative data under the new financial instrument standards[57].