Westone(SZ:002268)2019-04-25 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥165,005,851.19, representing a 14.35% increase compared to ¥144,295,679.02 in the same period last year[3]. - The net profit attributable to shareholders was -¥79,214,430.19, showing an improvement of 7.55% from -¥85,683,115.89 in the previous year[3]. - The basic earnings per share improved to -¥0.0945, a 7.53% increase from -¥0.1022 in the same period last year[3]. - The net profit for Q1 2019 was a loss of CNY 92,562,812.56, compared to a loss of CNY 106,229,947.07 in the previous year, showing an improvement in loss reduction[22]. - The total comprehensive loss for the first quarter was ¥79.16 million, compared to a loss of ¥87.62 million in the previous year, indicating a year-over-year improvement[23]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 24.17%, amounting to -¥460,954,041.42 compared to -¥371,235,977.94 in the same period last year[3]. - Cash and cash equivalents decreased significantly to CNY 69,897,897.74 from CNY 505,016,454.52, a decline of approximately 86.2%[19]. - Total cash inflow from operating activities was 296,289,617.50 CNY, while cash outflow was 757,243,658.92 CNY, resulting in a significant cash outflow[27]. - The company reported a cash balance of 1,205,570,829.97 CNY at the end of the period, down from 1,931,298,590.37 CNY at the beginning of the period, reflecting a decrease of 725,727,760.40 CNY[28]. - Total cash outflow for operating activities was 143,128,006.93 CNY, compared to 98,774,535.51 CNY in the previous year, indicating increased operational expenses[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,556,348,809.94, a decrease of 10.67% from ¥6,220,278,883.90 at the end of the previous year[3]. - The total liabilities decreased to CNY 498,754,570.52 from CNY 775,873,426.89, a decrease of approximately 35.7%[21]. - The total equity attributable to shareholders decreased to CNY 3,672,875,005.31 from CNY 3,711,316,278.43, a decline of about 1.0%[21]. - The company reported total liabilities of CNY 1,765,599,218.97, with current liabilities at CNY 1,689,200,858.75 and non-current liabilities at CNY 76,398,360.22[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,496[6]. - The largest shareholder, China Electronics Technology Network Information Security Co., Ltd., holds 37.79% of the shares[6]. - The net assets attributable to shareholders were ¥4,327,671,087.00, down 1.80% from ¥4,406,885,517.19 at the end of the previous year[3]. Government Support and Other Income - The company received government subsidies amounting to ¥76,768.44 during the reporting period[4]. - Other income increased by 100.31% year-on-year, primarily due to an increase in VAT refunds from software business sales[10]. - The company recorded other income of ¥113.22 million, while other expenses were ¥13.28 million, resulting in a net positive impact on profit[23]. Operational Highlights - The company is focusing on expanding its market presence and developing new technologies, although specific details were not disclosed in the report[24]. - The company continues to explore potential mergers and acquisitions to enhance its growth strategy[24]. - Research and development expenses for Q1 2019 were CNY 57,871,759.99, compared to CNY 52,895,640.64 in the previous year, indicating an increase of approximately 9.4%[22]. Future Outlook - The estimated net profit for the first half of 2019 is expected to be between -93 million yuan and -80 million yuan, indicating a slight improvement compared to the same period last year[12]. - The first quarter report was not audited, indicating preliminary figures[37]. - The company has not disclosed specific future outlook or guidance in the provided documents[36].