惠程科技(002168) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥221,860,514.47, a decrease of 63.27% compared to ¥604,057,765.92 in the same period last year[8] - The net profit attributable to shareholders was ¥26,596,218.40, down 82.97% from ¥156,162,545.94 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥25,260,541.31, reflecting an 83.68% decline from ¥154,818,894.71 in the previous year[8] - Basic and diluted earnings per share were both ¥0.03, down 84.21% from ¥0.19 in the previous year[8] - The weighted average return on equity decreased to 1.81%, down 9.13% from 10.94% year-on-year[8] - The company's operating revenue for Q1 2019 was ¥221,860,514.47, a decrease of 63.27% compared to ¥604,057,765.92 in Q1 2018, primarily due to the delayed product launch of the subsidiary, Duokemeng[20] - The company's financial expenses increased by 2,309.87% to ¥7,469,636.51 in Q1 2019, attributed to the increased scale of loans for the Duokemeng project[20] - The company's development expenses rose by 30.68% to ¥5,741,565.94 in Q1 2019, driven by increased R&D expenditures for self-developed patent technologies[20] - The company reported a total of CNY 50,594,816.10 in trading financial assets as of March 31, 2019, compared to zero at the end of 2018[38] - The company reported a total of CNY 1,495,925,870.01 in current assets, up from CNY 1,381,660,928.01, an increase of about 8.3%[44] Cash Flow - The net cash flow from operating activities was -¥132,995,439.10, a significant drop of 1,321.79% compared to ¥10,885,271.63 in the same period last year[8] - The net cash flow from operating activities was -132,995,439.10, a significant decrease compared to 10,885,271.63 in the previous period, indicating a decline of approximately 1,325%[54] - Cash inflow from operating activities totaled 259,220,488.79, down 54.5% from 569,566,431.13 in the prior period[54] - Cash outflow from operating activities increased to 392,215,927.89, a decrease of 29.8% compared to 558,681,159.50 in the previous period[54] - The net cash flow from investment activities was 31,286,067.08, down 71.6% from 110,295,642.41 in the previous period[54] - Cash inflow from investment activities was 219,360,871.36, a decrease of 55.9% compared to 497,078,016.80 in the prior period[54] - Cash outflow from investment activities decreased to 188,074,804.28, down 51.4% from 386,782,374.39 in the previous period[54] - The net cash flow from financing activities was 4,385,193.84, an improvement from -90,496,707.40 in the previous period[55] - Total cash and cash equivalents at the end of the period were 636,019,370.34, down from 733,303,657.33 at the beginning of the period[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,691,326,871.46, a slight decrease of 0.27% from ¥3,701,460,497.85 at the end of the previous year[8] - The company's cash and cash equivalents decreased to CNY 648,053,781.12 from CNY 749,630,841.74[38] - The accounts receivable stood at CNY 393,646,505.78, down from CNY 404,200,072.52[38] - The company's inventory increased to CNY 73,190,398.70 from CNY 64,987,559.66[38] - Non-current assets totaled CNY 1,949,745,729.19, up from CNY 1,914,375,538.10[39] - The company's short-term borrowings remained unchanged at CNY 113,871,471.84[39] - The accounts payable decreased to CNY 384,533,736.16 from CNY 424,493,722.08[39] - Total liabilities amounted to CNY 1,651,850,073.78, up from CNY 1,533,876,325.81, indicating an increase of around 7.67%[45] - Owner's equity totaled CNY 1,662,985,711.83, slightly down from CNY 1,668,392,722.48, a decrease of about 1.7%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,317[12] - The total equity attributable to shareholders of the parent company was CNY 1,970,518,287.45, up from CNY 1,943,899,800.92, an increase of approximately 1.4%[41] Government Support - The company received government subsidies amounting to ¥1,571,409.78, primarily related to local government support policies[9] - The company reported a significant increase in government subsidies, with operating other income rising by 242.00% to ¥1,571,409.78 in Q1 2019[20] Subsidiary Activities - The company established a new subsidiary, Chengdu Duoqu Network Technology Co., Ltd., with an investment of ¥10 million in January 2019[24] - The company plans to dissolve its subsidiary, Huludao Gongchuang Network Technology Co., Ltd., due to lack of business operations and inability to secure favorable policies[24] - The company acquired 853,000 shares of Aikouyou Technology Co., Ltd., representing approximately 1.67% of its total equity, for no more than ¥20.05 million[24] Compliance and Standards - The company is subject to new financial accounting standards effective from January 1, 2019, which may impact future financial reporting[62] - The company adopted new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[67] - The first quarter report was not audited, indicating that the figures presented are preliminary and subject to change[67]