GOHIGH(SZ:000851)2019-05-06 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥2,040,821,462.88, representing a decrease of 13.76% compared to ¥2,366,555,531.23 in the same period last year[8]. - The net profit attributable to shareholders was -¥20,220,876.07, a significant decline of 2,801.05% from a profit of ¥748,631.39 in the previous year[8]. - Basic earnings per share were -¥0.0229, a decrease of 2,962.50% from ¥0.0012 in the previous year[8]. - The net profit for the current period was a loss of ¥21,158,048.86, compared to a loss of ¥2,488,543.47 in the previous period, indicating a significant decline in profitability[63]. - The net loss attributable to the parent company is CNY -20,239,983.42, compared to a profit of CNY 748,631.39 in the previous period, indicating a significant decline in profitability[67]. - The company reported a total comprehensive income of CNY -21,177,156.21, compared to CNY -2,488,543.47 in the previous period, showing a worsening financial position[67]. Cash Flow - The net cash flow from operating activities was -¥564,490,216.75, showing an improvement of 44.80% compared to -¥1,022,637,497.39 in the same period last year[8]. - Cash received from financing activities increased by 100.00% to ¥150 million, reflecting an increase in internal loans from the controlling shareholder[27]. - The net cash flow from operating activities is CNY -564,490,216.75, an improvement from CNY -1,022,637,497.39 in the previous period, indicating a reduction in cash outflow[79]. - The company has a significant cash outflow in operating activities, totaling CNY 4,620,254,730.59, compared to CNY 8,000,971,842.46 in the previous period, indicating a need for improved cash management[79]. - The financing activities resulted in a cash inflow of CNY 285,002,350.00, down from CNY 633,572,845.65 in the previous period, indicating a decrease in financing activities[79]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,238,257,253.19, an increase of 5.70% from ¥8,740,109,584.87 at the end of the previous year[8]. - Total liabilities increased to CNY 5,340,331,220.12, up 10.7% from CNY 4,825,528,423.46[46]. - The company's total assets decreased to ¥4,347,889,369.69 from ¥4,688,015,312.10, representing a reduction of approximately 7.26%[59]. - Total liabilities decreased to ¥1,298,305,263.28 from ¥1,625,288,400.45, a decline of about 20.09%[59]. - The total equity of the company was reported at ¥3,049,584,106.41, down from ¥3,062,726,911.65, reflecting a decrease of approximately 0.43%[59]. Research and Development - The company's R&D expenses decreased by 43.12% to ¥5,859,211.50 from ¥10,301,859.16 in the previous year[21]. - Research and development expenses for the current period were ¥5,859,211.50, down from ¥10,301,859.16, indicating a reduction of about 43.06%[60]. - Research and development expenses are not explicitly stated but are included in the management expenses of CNY 1,845,905.03, which increased from CNY 1,765,161.27 in the previous period[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 76,329[12]. - The top shareholder, Telecom Science and Technology Research Institute, held 12.81% of the shares, totaling 116,244,499 shares[12]. Inventory and Receivables - Accounts receivable increased by 38.38% to ¥2.47 billion, attributed to sales and enterprise information technology business not yet reaching the payment period[23]. - Inventory rose by 65.49% to ¥2.15 billion, driven by increased stock for sales and enterprise information technology business[23]. - Accounts payable increased by 87.93% to ¥2.25 billion, due to increased note settlements for sales business stock and unpaid amounts[23]. Government Subsidies - The company received government subsidies amounting to ¥720,000.00 during the reporting period[8]. Future Plans - The company plans to transfer 100% equity of Jiangsu Gao Hong Ding Heng Information Technology Co., Ltd., pending evaluation and board approval[28]. - The company plans to focus on market expansion and new product development to improve future performance, although specific figures were not provided in the report[60].