大立科技(002214) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥70,281,545.49, representing a 32.50% increase compared to ¥53,043,428.08 in the same period last year[9] - Net profit attributable to shareholders was ¥11,718,101.07, a significant increase of 470.46% from ¥2,054,144.48 in the previous year[9] - The net profit after deducting non-recurring gains and losses reached ¥7,588,011.64, up 901.57% from a loss of ¥946,643.08 in the same period last year[9] - The basic earnings per share increased to ¥0.0255, a rise of 466.67% compared to ¥0.0045 in the previous year[9] - Operating revenue increased by 17.24 million yuan, a growth of 32.50%, attributed to an increase in product deliveries compared to the same period last year[24] - Net profit attributable to shareholders increased by 9.66 million yuan, a growth of 470.46%, driven by a higher increase in total revenue compared to total costs[25] - The company expects net profit for the first half of 2019 to be between 54.01 million yuan and 60.25 million yuan, representing a year-on-year increase of over 160%[33] - The increase in net profit is mainly due to a significant rise in military orders and the successful completion of related model research and development[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,410,043,769.45, a decrease of 3.00% from ¥1,453,611,412.95 at the end of the previous year[9] - Total current assets decreased to ¥1,071,379,331.33 as of March 31, 2019, from ¥1,115,800,456.33 as of December 31, 2018, representing a decline of approximately 3.5%[43] - Total liabilities decreased to ¥357,434,837.69 from ¥412,679,500.45, a reduction of about 13.4%[46] - The company's total assets amounted to ¥1,410,043,769.45, down from ¥1,453,611,412.95, a decrease of approximately 3%[43] - Short-term borrowings increased to ¥245,384,076.00 from ¥226,725,364.00, an increase of about 8.5%[46] - The total liabilities decreased to ¥356,973,870.76 from ¥412,161,229.81, a reduction of approximately 13.4%[59] Cash Flow - The net cash flow from operating activities was -¥33,365,097.35, a significant decline of 973.85% from -¥3,107,065.02 in the same period last year[9] - The net cash flow from operating activities decreased by 30.26 million yuan, primarily due to increased cash payments for goods purchased and the payment of year-end bonuses[26] - Cash inflow from operating activities totaled 78,792,513.63, compared to 73,271,831.33 in the previous period[77] - Cash outflow from operating activities was 112,157,610.98, compared to 76,378,896.35 in the previous period[77] - The net cash flow from operating activities was -33,365,097.35, compared to -3,107,065.02 in the previous period[77] - The company reported a significant increase in cash inflow from operating activities, which totaled 77,286,748.67, compared to 72,836,481.33 in the previous period[84] Research and Development - R&D expenses rose by 6.33 million yuan, a growth of 59.78%, due to continued investment in research and development[24] - Research and development expenses rose to ¥16,922,114.62, compared to ¥10,591,177.92, marking a 59.5% increase[60] Government Subsidies and Other Income - The company received government subsidies amounting to ¥4,552,497.43 during the reporting period, which is considered a regular income item due to its direct relation to normal business operations[13] - Other income increased by 4.53 million yuan, a growth of 67.85%, mainly due to an increase in government subsidies recognized in the current period[25] - The company reported a significant increase in other income to ¥11,198,342.56 from ¥6,671,522.96, a growth of 67.5%[67] Shareholder Information - The company had a total of 37,608 common shareholders at the end of the reporting period[14] - The net assets attributable to shareholders were ¥1,050,605,104.32, reflecting a slight increase of 1.13% from ¥1,038,887,003.25 at the end of the previous year[9] - The company's equity attributable to shareholders rose to ¥1,050,605,104.32 from ¥1,038,887,003.25, an increase of approximately 1.6%[49] Financial Standards and Reporting - The company has implemented new financial instrument standards, which may impact future financial reporting and performance[88] - The company has not audited the first quarter report[98] - The company reported no adjustments in financial instruments under the new financial instrument standards effective January 1, 2019[96] - The company has not made any adjustments to prior financial statements as per the new standards[96]