得润电子(002055) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,563,183,434, a decrease of 8.27% compared to ¥1,704,064,325.81 in the same period last year[8] - Net profit attributable to shareholders was ¥21,803,695.15, down 33.91% from ¥32,988,504.41 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥7,352,916.08, a significant decline of 74.03% compared to ¥28,315,977.24 in the previous year[8] - Basic and diluted earnings per share were both ¥0.0455, representing a decrease of 35.55% from ¥0.0706 in the previous year[8] - The company reported a total comprehensive income of CNY 41,758,875.45 for Q1 2019, compared to CNY 27,161,594.52 in the previous year, reflecting an increase of 53.8%[40] - The total profit for Q1 2019 was CNY 15,277,702.05, down 56.6% from CNY 35,179,024.54 in Q1 2018[40] - The company reported a net profit margin of approximately 1.00% for Q1 2019, compared to 1.00% in Q1 2018[37] - The gross profit margin decreased to 14.4% in Q1 2019 from 14.5% in Q1 2018, indicating a slight decline in profitability[42] Cash Flow - The net cash flow from operating activities improved to ¥1,207,560.70, a turnaround from a negative cash flow of ¥231,954,000.18 in the same period last year, marking a 100.52% increase[8] - Net cash flow from operating activities increased by 100.52% year-on-year, an increase of 233,161,600 RMB, mainly due to reduced payments for goods and other expenses[16] - The company achieved a net cash inflow from operating activities of CNY 1,504,577,992.18, slightly up from CNY 1,501,230,278.35 in the previous year[45] - Total cash inflow from investment activities was 26,629,000.00 CNY, while cash outflow was 126,034,349.90 CNY, resulting in a net cash flow of -99,405,349.90 CNY[47] - Cash inflow from financing activities amounted to 1,312,315,003.70 CNY, with cash outflow totaling 1,351,800,162.82 CNY, leading to a net cash flow of -39,485,159.12 CNY[47] - The company experienced a net decrease in cash and cash equivalents of 139,578,763.42 CNY, compared to a decrease of 551,430,767.90 CNY in the previous period[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,176,575,518.69, a slight increase of 0.13% from ¥10,162,952,382.78 at the end of the previous year[8] - Total liabilities amounted to CNY 3,988,992,365.08, down from CNY 4,111,158,551.05 in the previous year[36] - The total equity attributable to shareholders was CNY 2,094,792,246.71, slightly up from CNY 2,089,084,408.57 in the previous year[36] - Total liabilities reached CNY 7,076,896,748.16, including current liabilities of CNY 6,032,785,955.07 and non-current liabilities of CNY 1,044,110,793.09[54] - The total liabilities to equity ratio is approximately 2.29, suggesting a leveraged capital structure[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,972[12] - The largest shareholder, Shenzhen Desheng Asset Management Co., Ltd., held 29.14% of the shares, totaling 139,771,620 shares[12] Research and Development - R&D expenses increased by 55.63% year-on-year, an increase of 10,003,700 RMB, reflecting the company's increased investment in new product development[16] - Research and development expenses increased to CNY 27,985,787.04, up 55.56% from CNY 17,982,084.97 in the previous year[37] - Research and development expenses decreased significantly to CNY 1,379,347.58 in Q1 2019 from CNY 8,010,126.08 in Q1 2018, a drop of 82.8%[42] Non-Recurring Gains and Other Income - The company reported non-recurring gains of ¥14,450,779.07, primarily from government subsidies and other income[9] - Other income increased by 733.79% year-on-year, an increase of 11,991,700 RMB, primarily due to increased government subsidies related to operations[16] Financial Assistance and Investments - The company transferred 28% of its stake in Shenzhen Dekang Electronics Co., Ltd., reducing its holding to 42%[17] - The company provided financial assistance of 71,312,100 RMB to Dekang Electronics, which will be repaid in installments with interest[17] Financial Reporting and Standards - The company has implemented new financial instrument standards since January 1, 2019, affecting the presentation of financial statements[55] - The first quarter report was not audited, which may impact the reliability of the financial data presented[60]