HSST(SZ:000707)2019-04-26 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥617,041,322.47, a decrease of 28.97% compared to the same period last year[7] - Net profit attributable to shareholders was ¥8,461,250.14, representing a significant increase of 109.03% from a net loss of ¥93,751,504.72 in the previous year[7] - The net cash flow from operating activities improved to ¥33,208,087.25, a 133.08% increase from a negative cash flow of ¥100,378,223.40 in the same period last year[7] - Basic earnings per share rose to ¥0.0182, compared to a loss of ¥0.2020 per share in the previous year, marking a 109.01% improvement[7] - The weighted average return on equity increased to 4.44%, up 32.89 percentage points from -28.45% in the previous year[7] - The company reported a net loss of CNY 1,210,147,694.59 in retained earnings, slightly improved from a loss of CNY 1,218,608,944.73[29] - The company anticipates no significant changes in net profit for the first half of 2019 compared to the previous year[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,073,592,053.13, a decrease of 5.92% from the end of the previous year[7] - Current assets totaled CNY 1,170,597,978.41, down from CNY 1,401,278,271.16, indicating a decrease of about 16.4%[27] - The company's cash and cash equivalents decreased to CNY 211,508,309.22 from CNY 269,891,912.22, representing a decline of approximately 21.6%[26] - Total liabilities were CNY 3,889,356,227.10, down from CNY 4,154,071,731.45, reflecting a decrease of about 6.4%[28] - The total equity attributable to shareholders rose to CNY 195,355,061.05 from CNY 186,355,850.85, an increase of about 4.3%[29] - Total assets decreased to CNY 3,760,737,188.53 from CNY 3,964,821,975.24, reflecting a decline of 5.1%[34] - The total liabilities decreased to CNY 3,206,408,100.40 from CNY 3,418,233,508.75, a reduction of 6.2%[34] Cash Flow - The net cash flow from operating activities for Q1 2019 was ¥9,865,455.53, a decrease of 88.3% compared to ¥84,379,922.61 in Q1 2018[49] - Total cash inflow from operating activities was ¥641,751,327.13, up from ¥545,830,335.40 in the previous year, representing an increase of 17.5%[49] - Cash outflow from operating activities increased to ¥631,885,871.60 from ¥461,450,412.79, marking a rise of 37%[49] - The net cash flow from investing activities was -¥65,390,232.53, worsening from -¥22,953,236.94 in the same period last year[49] - Cash inflow from financing activities totaled ¥749,980,000.00, compared to ¥478,200,000.00 in Q1 2018, reflecting a growth of 56.7%[50] - The net cash flow from financing activities was -¥58,591,154.00, an improvement from -¥137,483,059.25 year-over-year[50] Expenses - The total operating costs amounted to CNY 612,304,425.67, down 38.7% from CNY 996,702,821.27 year-on-year[35] - Research and development expenses for the quarter were CNY 15,055,303.00, indicating ongoing investment in innovation[35] - The company incurred research and development expenses of ¥15.06 million during the current period[40] - Sales expenses increased to ¥29.63 million from ¥22.40 million in the previous period, reflecting a rise of 32.4%[40] - Financial expenses decreased significantly to ¥25.54 million from ¥36.81 million, a reduction of 30.5%[40] Other Financial Metrics - The company reported non-recurring gains of ¥4,394,874.03 during the period, primarily from debt restructuring and government subsidies[8] - The company's total equity was ¥175,628,460.24, reflecting a decrease from the previous year due to accumulated losses[55] - The company has not undergone an audit for the Q1 report, indicating potential risks in financial reporting[61] - The company has implemented new financial and leasing standards, which may affect future financial statements[60]