康强电子(002119) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥316,893,108.76, representing a decrease of 7.19% compared to the same period last year[7]. - Net profit attributable to shareholders increased by 49.31% to ¥26,160,028.11 compared to ¥17,520,737.80 in the previous year[7]. - The net profit after deducting non-recurring gains and losses decreased by 48.63% to ¥8,670,957.02 from ¥16,878,285.54 year-on-year[7]. - Basic earnings per share increased by 50.00% to ¥0.09 from ¥0.06 in the previous year[7]. - Net profit increased to ¥26,160,028.11 from ¥20,668,949.31, marking a growth of approximately 26.5% year-over-year[40]. - Operating profit improved significantly to ¥29,275,493.70 from ¥25,353,554.33, an increase of about 7.6%[40]. Cash Flow - The net cash flow from operating activities was negative at -¥4,788,166.25, a decline of 121.23% compared to ¥22,549,033.11 in the same period last year[7]. - Cash flow from operating activities decreased to ¥244,972,581.32 from ¥372,042,302.39, a decline of approximately 34.2%[47]. - The net cash flow from operating activities was -16,248,978.99 yuan, a decrease from 33,139,985.03 yuan in the previous period[52]. - Total cash inflow from investment activities was 63,423,909.60 yuan, compared to 6,932,000.00 yuan in the previous period, resulting in a net cash flow of 56,945,446.21 yuan[52]. - Cash inflow from financing activities amounted to 161,000,000.00 yuan, an increase from 109,000,000.00 yuan in the previous period, leading to a net cash flow of 31,336,560.28 yuan[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,695,085,665.27, an increase of 0.89% from the previous year-end[7]. - Current liabilities decreased to ¥749,516,899.36 from ¥821,147,351.88, a reduction of about 8.7%[31]. - Non-current liabilities increased significantly to ¥112,122,919.63 from ¥49,216,096.54, marking a rise of approximately 128.3%[31]. - Total liabilities decreased slightly to ¥861,639,818.99 from ¥870,363,448.42, a reduction of approximately 1.3%[31]. - The total assets decreased in trading financial assets by 52.44 million RMB, a drop of 69.48%, due to changes in fair value[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,665[10]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., held 19.72% of the shares, amounting to 56,930,160 shares[10]. - The company reported non-recurring gains of ¥17,489,071.09, primarily from government subsidies and other income[9]. Investments and Projects - The company established a joint venture with Huamao Education Investment Co., Ltd., investing 80 million RMB in total[15]. - The company signed a share transfer agreement to sell 65% of its subsidiary, Ningbo Misike Precision Machinery Engineering Co., Ltd., for 6.5 million RMB[16]. - The company's long-term borrowings increased by 520 million RMB, a significant rise of 520.00%, mainly due to new project loans[17]. - The investment income surged by 1,601.42 million RMB, an increase of 10,752,851.96%, resulting from the equity transfer of a subsidiary[17]. Other Financial Metrics - Research and development expenses increased to ¥16,176,968.37 from ¥13,824,505.00, a rise of approximately 16.3%[38]. - Management expenses increased to ¥18,445,947.06 from ¥14,902,648.30, reflecting a rise of about 23.3%[38]. - Other income rose to ¥2,725,779.78 from ¥1,874,685.10, an increase of about 45.5%[38]. - The company experienced a foreign exchange loss of -567,939.36 yuan during the reporting period[53].