威创股份(002308) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥217,446,076.79, representing a 0.60% increase compared to ¥216,156,645.93 in the same period last year[7] - The net profit attributable to shareholders decreased by 68.35% to ¥9,795,754.79 from ¥30,950,109.86 year-on-year[7] - The net profit after deducting non-recurring gains and losses fell by 82.12% to ¥5,154,217.14 from ¥28,832,007.71 in the previous year[7] - Basic and diluted earnings per share decreased by 66.67% to ¥0.01 from ¥0.03 year-on-year[7] - The company's net profit for Q1 2019 was CNY 14,934,322.13, a decrease from CNY 33,387,835.12 in the previous year, reflecting a decline of approximately 55.32%[37] - The net profit for Q1 2019 was CNY 10,786,378.56, a decrease of 66.2% from CNY 31,892,234.72 in Q1 2018[38] - The total comprehensive income for Q1 2019 was CNY 10,745,104.81, compared to CNY 31,837,357.19 in the previous year, reflecting a decline of 66.3%[38] - The company reported a total profit of CNY 15,001,395.61 for Q1 2019, down from CNY 33,460,292.66 in Q1 2018, indicating a decline of 55.2%[38] Cash Flow - The net cash flow from operating activities was negative at ¥-83,960,184.66, a decline of 255.84% compared to ¥-23,595,167.49 in the same period last year[7] - Operating cash flow net amount for Q1 2019 was -¥83,960,184.66, a decrease of 255.84% compared to -¥23,595,167.49 in Q1 2018, mainly due to reduced sales receipts and tax payments[16] - The company's operating cash flow for Q1 2019 was negative CNY 83,960,184.66, worsening from negative CNY 23,595,167.49 in Q1 2018[45] - The total cash inflow from operating activities was CNY 346,805,840.84, compared to CNY 291,013,332.49 in the previous year, an increase of 19.2%[45] - The total cash outflow from operating activities was 221,184,000.85, an increase from 182,940,043.99 in the previous period, suggesting higher operational costs[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,342,747,272.28, down 2.68% from ¥4,462,130,289.12 at the end of the previous year[7] - Current assets totaled CNY 1,465,099,918.98 as of March 31, 2019, down from CNY 1,554,293,717.87 at the end of 2018, a decrease of about 5.73%[35] - Total liabilities amounted to CNY 746,085,124.85, compared to CNY 876,213,246.48 in the previous year, showing a reduction of approximately 15.00%[32] - The total assets of the company were CNY 4,168,380,132.66, a decrease from CNY 4,240,858,623.62, indicating a decline of about 1.7%[35] - The total liabilities amounted to 876,213,246.48, reflecting the company's financial obligations[53] - The total assets were reported at 4,462,130,289.12, indicating the overall size of the company's balance sheet[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,318[11] - VTRON INVESTMENT LIMITED held 33.20% of the shares, with 302,268,400 shares pledged[11] - As of March 31, 2019, the controlling shareholder VTRON INVESTMENT LIMITED pledged 28,959,000 shares, accounting for 31.81% of the company's total share capital[17] - The company repurchased a total of 5,730,220 shares, representing 0.63% of the total share capital, with a total payment of ¥29,999,484.26[19] - The repurchased shares will be used for employee stock ownership plans or equity incentive plans to enhance the long-term incentive mechanism[20] Government Support and Investments - The company received government subsidies amounting to ¥4,846,875.00 during the reporting period[8] - The company established the "Weichuang Tianrui Education Industry Fund" with Tianfeng Tianrui Investment Co., Ltd., which has completed fundraising and registration as of the report date[17] - The company has a long-term investment portfolio valued at approximately $2.16 billion, reflecting its strategic investment approach[56] Financial Expenses - Financial expenses rose by 205.15% to ¥4,057,023.17 from ¥1,329,518.54, primarily due to increased loan interest expenses[16] - The company incurred financial expenses of CNY 4,115,860.64 in Q1 2019, significantly higher than CNY 1,357,933.82 in Q1 2018, marking an increase of 202.5%[41] Research and Development - The company reported a research and development expense of CNY 16,582,348.53 for Q1 2019, down from CNY 19,818,278.59 in the same period last year, a decrease of about 16.5%[37] - Research and development expenses increased to CNY 10,679,802.45 in Q1 2019, up from CNY 8,578,577.75 in the same period last year, representing a growth of 24.5%[41] Compliance and Reporting - The company has not audited the first quarter report for 2019, indicating a focus on internal assessments[58] - The company has adjusted its financial reporting to comply with new accounting standards effective January 1, 2019[57]