HJINV(SZ:000633)2019-04-25 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥21,553,876.05, representing a 37.42% increase compared to ¥15,684,381.55 in the same period last year[10] - The net profit attributable to shareholders was -¥600,767.34, an improvement of 89.14% from -¥5,530,740.75 year-on-year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,944,864.48, showing a 65.57% improvement from -¥5,648,728.43 in the previous year[10] - The basic earnings per share were -¥0.0016, an 88.89% improvement from -¥0.0144 year-on-year[10] - The net loss for Q1 2019 was CNY 1,686,980.32, an improvement from a net loss of CNY 6,357,735.43 in Q1 2018[42] - Operating profit for Q1 2019 was CNY -2,879,674.32, an improvement from CNY -6,358,385.43 in the same period last year[42] - The company reported a total comprehensive loss of CNY -1,686,980.32 for Q1 2019, compared to CNY -6,357,735.43 in Q1 2018[43] Cash Flow - The net cash flow from operating activities was -¥42,989,577.59, which is a 47.39% improvement compared to -¥81,708,745.39 in the same period last year[10] - Total cash inflow from operating activities was 22,089,678.80 CNY, up from 18,464,973.55 CNY, reflecting a growth of about 19.0%[50] - Cash outflow from operating activities totaled 65,079,256.39 CNY, down from 100,173,718.94 CNY, showing a decrease of approximately 35.0%[50] - The net cash flow from investing activities was -278,061.15 CNY, compared to -595,560.00 CNY in the previous period, representing an improvement of about 53.3%[51] - The total cash and cash equivalents decreased by 44,215,185.13 CNY, compared to a decrease of 83,227,494.39 CNY in the previous period, indicating a significant reduction in cash outflow[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,054,816,393.03, a slight increase of 0.83% from ¥1,046,131,094.30 at the end of the previous year[10] - Total current assets decreased to ¥92,974,298.69 from ¥128,530,322.42, a decline of approximately 27.7%[32] - Total liabilities rose to ¥894,399,653.45 from ¥884,027,374.40, an increase of approximately 1.6%[33] - The total owner's equity decreased to ¥160,416,739.58 from ¥162,103,719.90, a decline of about 1.0%[34] - The company reported a negative retained earnings of ¥335,360,137.95, slightly worsening from ¥334,759,370.61[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,695[13] - The largest shareholder, 霍尔果斯通海股权投资有限公司, held 20.00% of the shares, amounting to 77,021,275 shares, which are currently pledged[13] - The total equity attributable to shareholders was CNY 261,850,361.47, slightly down from CNY 262,630,295.29 in the previous period[39] Operational Changes - The company plans to transfer 40% equity of Beijing Yangxing Cultural Development Co., Ltd. to Xinjiang Yuanchuang Cultural Industry Investment Co., Ltd. and to deregister its subsidiary Xinjiang Alloy Agile Intelligent Technology Co., Ltd.[19] - Management expenses increased by 8.05% to ¥6,576,631.35 from ¥6,086,727.16 due to business expansion and related personnel costs[17] - The company appointed Mr. Li Gang as the new CFO following the resignation of Ms. He Yanmin[18] Inventory and Receivables - Cash and cash equivalents decreased by 69.93% to ¥19,016,998.97 from ¥63,232,184.10 due to increased payments for the Dazhou PPP project[17] - Accounts receivable decreased by 2.89% to ¥30,226,380.57 from ¥31,124,583.25, primarily due to increased collections[17] - Inventory increased by 19.52% to ¥23,877,328.37 from ¥19,977,979.29, driven by an increase in orders and corresponding production[17] Non-Recurring Gains - The company reported non-recurring gains of ¥1,344,097.14, which included government subsidies and other income[11] - Other income for Q1 2019 was CNY 1,198,390.00, compared to CNY 650.00 in Q1 2018[42]