DDN(002263)2019-06-27 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥369,437,552.24, representing a 26.79% increase compared to ¥291,382,873.07 in the same period last year[8] - The net profit attributable to shareholders of the listed company was a loss of ¥4,450,324.64, an improvement of 31.08% from a loss of ¥6,457,667.03 in the previous year[8] - The operating profit for the quarter was reported as a loss of ¥10,787,046.26, compared to a loss of ¥4,277,522.72 in the same period last year, indicating a worsening performance[40] - The total comprehensive income attributable to the parent company was a loss of ¥10,787,046.26, compared to a loss of ¥4,077,522.72 in the same period last year[41] Cash Flow - The net cash flow from operating activities was ¥27,955,747.74, a significant increase of 214.26% compared to a negative cash flow of ¥24,466,527.13 in the same period last year[8] - The net cash flow from operating activities was -3,416,085.30 CNY, an improvement from -7,200,562.68 CNY in the previous period[48] - The company reported a net cash outflow from investing activities of ¥648,576,133.09, compared to a smaller outflow of ¥21,811,763.50 in the prior period[45] - The net cash flow from financing activities was -26,088,356.42 CNY, worsening from -7,155,870.55 CNY in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,119,105,548.09, down 18.92% from ¥3,847,169,564.86 at the end of the previous year[8] - Total liabilities amounted to CNY 806,692,840.22, an increase from CNY 786,994,472.86 at the end of 2018[32] - The company's total equity was CNY 2,374,224,097.68 as of March 31, 2019, down from CNY 2,385,011,143.94 at the end of 2018[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 94,970[10] - Zhejiang Dazhongnan Group Co., Ltd. held 27.91% of the shares, with 524,158,020 shares pledged[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[11] Research and Development - Research and development expenses increased by 110.64% compared to the same period last year, mainly due to increased R&D investment by Hangzhou High-Tech Company[14] - Research and development expenses for Q1 2019 were CNY 12,369,871.35, significantly higher than CNY 5,872,595.32 in Q1 2018, indicating increased investment in innovation[34] - Research and development expenses increased to ¥1,652,224.07 from ¥998,450.40, reflecting a rise of about 65.5% year-over-year[39] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥3,574,559.62, which included government subsidies and other operating income[9] - Other income increased by 138.39% compared to the same period last year, primarily due to an increase in deferred asset amortization[14] - The financial expenses for the quarter were ¥8,730,976.62, up from ¥6,286,677.90, marking an increase of approximately 39%[39] - The company did not report any earnings per share for the quarter, maintaining a basic and diluted EPS of 0.00[41] Inventory and Receivables - Accounts receivable decreased by 68.18% compared to the beginning of the period, mainly due to the use of notes to pay for material purchases[14] - Other receivables increased to CNY 751,619,208.11 from CNY 734,115,374.47 at the end of 2018, reflecting a growing customer base[30] - Inventory as of March 31, 2019, was CNY 17,424,541.48, up from CNY 15,992,231.00 at the end of 2018[30] Audit and Standards - The company did not undergo an audit for the first quarter report[51] - The report indicates that the company has not applied new financial instrument standards or new revenue recognition standards[50]