YSDZ(SZ:002289)2019-04-24 16:00Financial Performance - The company's revenue for Q1 2019 was ¥47,569,099.92, a decrease of 35.78% compared to ¥74,074,889.64 in the same period last year[9] - The net profit attributable to shareholders was -¥21,522,533.83, representing a decline of 77.55% from -¥12,122,254.95 year-on-year[9] - Total operating revenue for the current period is ¥47,569,099.92, a decrease of 35.8% from ¥74,074,889.64 in the previous period[41] - Net loss for the current period is ¥21,522,533.83, compared to a net loss of ¥12,122,254.95 in the previous period, representing an increase in loss of 77.5%[43] - Total profit for the current period is -¥21,492,921.95, compared to -¥10,483,124.69 in the previous period, indicating a significant increase in loss[43] - Basic and diluted earnings per share for the current period are both -0.0768, compared to -0.0433 in the previous period[44] Cash Flow - The net cash flow from operating activities improved to -¥2,279,721.08, a 92.58% increase compared to -¥30,732,244.88 in the previous year[9] - Cash flow from operating activities is ¥63,726,050.28, slightly down from ¥63,736,737.52 in the previous period[49] - Total cash inflow from operating activities was 67,242,875.65 CNY, while cash outflow was 69,522,596.73 CNY, resulting in a net cash outflow of 2,279,721.08 CNY[50] - Cash flow from financing activities resulted in a net outflow of -2,888,096.68 CNY, significantly lower than the previous period's net inflow of 30,452,872.43 CNY[51] - The company received 25,000,000.00 CNY in borrowings during the financing activities[51] - The company reported a net decrease in cash and cash equivalents of -10,107,496.10 CNY for the period[54] Assets and Liabilities - The total assets at the end of the reporting period were ¥541,955,691.71, down 9.61% from ¥599,598,626.90 at the end of the previous year[9] - The net assets attributable to shareholders decreased by 6.80% to ¥295,217,455.84 from ¥316,739,989.67[9] - Total liabilities decreased from CNY 282,858,637.23 to CNY 246,738,235.87, a decline of around 12.8%[34] - Current liabilities decreased from CNY 218,695,637.23 to CNY 185,667,985.87, a reduction of about 15.1%[34] - Non-current liabilities decreased from CNY 64,163,000.00 to CNY 61,070,250.00, a decrease of approximately 4.3%[34] - The company's total equity decreased from CNY 316,739,989.67 to CNY 295,217,455.84, a reduction of about 6.8%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,959[12] - The company has not reported any overdue commitments from major shareholders or related parties during the reporting period[24] - The company has not engaged in any share buyback activities during the reporting period[23] Operational Changes - The company appointed a new general manager and deputy general manager on January 10, 2019, to enhance operational management[20] - The company completed the sale of fixed assets to an affiliated party for a total consideration of RMB 19.1 million (excluding taxes) on December 28, 2018[17] - The company transferred a 57% stake in an investment fund for RMB 28.5 million and a 20% stake in a fund management company for RMB 600,000[22] - The company completed the industrial investment fund share transfer and related company equity registration on September 28, 2018[22] Government Support - The company received government subsidies amounting to ¥1,577,133.05 during the reporting period[10] - The company successfully passed the high-tech enterprise re-evaluation, allowing it to enjoy a corporate income tax rate of 15% for three consecutive years (2018-2020)[21] Research and Development - Research and development expenses decreased to ¥2,983,930.56, down 30.7% from ¥4,305,290.37 in the previous period[41]