东信和平(002017) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥253,459,087.41, representing a 4.24% increase compared to ¥243,155,712.42 in the same period last year[8]. - Net profit attributable to shareholders was ¥8,239,785.01, up 3.23% from ¥7,982,173.67 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥9,113,507.13, an increase of 4.24% from ¥8,742,577.98 in the previous year[8]. - Basic earnings per share decreased by 19.57% to ¥0.0185 from ¥0.0230 in the previous year[8]. - The company's operating revenue for the first quarter of 2019 was approximately ¥234.80 million, an increase from ¥228.04 million in the previous period[43]. - The net profit for the first quarter of 2019 was approximately ¥9.25 million, compared to ¥8.72 million in the same period last year, reflecting a growth of about 6.1%[44]. - The total comprehensive income for the first quarter was approximately ¥9.25 million, an increase from ¥8.72 million in the previous year[45]. - The company's operating profit for the first quarter was approximately ¥10.35 million, compared to ¥11.17 million in the previous period, indicating a decrease of about 7.4%[44]. - The total profit for the first quarter was approximately ¥10.80 million, down from ¥11.23 million in the previous year, representing a decline of about 3.9%[44]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥114,496,137.35, a decline of 46.46% compared to -¥78,173,057.05 in the same period last year[8]. - Cash and cash equivalents increased by 42.01% to ¥911,417,371.61 due to funds received from shareholder investments during the equity financing[16]. - Total cash inflow from financing activities reached 428,712,065.79 CNY, with a net cash flow of 393,992,379.24 CNY, a significant increase from -540,144.00 CNY in the previous period[49]. - The cash flow from sales of goods and services was 195,456,686.57 CNY, an increase from 152,629,493.57 CNY in the previous period[51]. - The cash and cash equivalents at the end of the period amounted to 903,999,625.19 CNY, up from 489,119,885.91 CNY, reflecting a net increase of 269,615,367.95 CNY[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,054,936,710.47, a 24.65% increase from ¥1,648,594,296.69 at the end of the previous year[8]. - The total current liabilities decreased slightly from CNY 1,000,000,000 to CNY 972,000,000, reflecting a reduction of approximately 2.8%[30]. - The company's total liabilities were CNY 664,091,449.04, slightly up from CNY 663,543,390.08, indicating a stable liability management strategy[36]. - The company's total equity attributable to shareholders was CNY 972,727,449.53[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 88,664[11]. - The largest shareholder, Putian Oriental Communication Group Co., Ltd., holds 29.38% of the shares, totaling 131,172,253 shares[11]. - The company has committed to distributing at least 10% of its distributable profits in cash if certain conditions are met, ensuring shareholder returns[22]. - The company has committed to a three-year cash dividend distribution plan, ensuring a minimum annual average profit distribution of 30% of distributable profits[22]. Operational Insights - Accounts receivable rose by 67.73% to ¥198,628,345.82, primarily due to longer settlement periods with domestic clients in the competitive smart card industry[16]. - The company reported a 175.04% increase in business taxes and additional fees due to higher VAT payments[16]. - Research and development expenses for Q1 2019 were CNY 25,293,751.87, slightly up from CNY 24,844,716.41, indicating continued investment in innovation[38]. - The company incurred research and development expenses of approximately ¥24.93 million in the first quarter, slightly up from ¥24.04 million in the previous year[43]. Governance and Compliance - There were no instances of non-operational fund occupation by controlling shareholders during the reporting period, indicating strong governance practices[24]. - There were no violations of external guarantees during the reporting period, reflecting a stable financial position[23]. - The report for Q1 2019 was not audited[60].