日海智能(002313) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 reached ¥1,413,017,626.65, representing a 136.45% increase compared to ¥597,608,156.57 in the same period last year[8] - Net profit attributable to shareholders was ¥7,201,637.76, a significant turnaround from a loss of ¥1,908,030.13, marking a 477.44% increase[8] - The net profit after deducting non-recurring gains and losses was ¥7,820,942.25, compared to a loss of ¥5,500,949.79, reflecting a 242.17% improvement[8] - The basic earnings per share increased to ¥0.02 from a loss of ¥0.01, showing a 300.00% growth[8] - Operating profit for Q1 2019 was CNY 10,465,548.25, compared to a loss of CNY 8,586,700.08 in the same period last year, indicating a turnaround in profitability[35] - Net profit for Q1 2019 was CNY 3,597,602.49, recovering from a net loss of CNY 3,750,491.57 in Q1 2018, marking a positive shift in financial performance[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,867,451,433.09, a slight decrease of 0.27% from ¥6,885,899,498.76 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥2,037,269,436.05, up 0.35% from ¥2,030,067,798.30[8] - Total assets as of March 31, 2019, amounted to CNY 4,773,521,937.74, up from CNY 4,381,363,706.40 at the end of 2018, reflecting a growth of approximately 8.9%[32] - Current liabilities increased to CNY 2,794,013,972.46 from CNY 2,375,919,050.44, representing a rise of approximately 17.6%[31] - The total liabilities as of March 31, 2019, were CNY 2,916,872,869.62, compared to CNY 2,524,005,356.54 at the end of 2018, indicating an increase of approximately 15.5%[31] Cash Flow - The company reported a net cash flow from operating activities of -¥424,438,055.77, which is an 8.01% decline compared to -¥392,948,083.39 in the previous year[8] - The net cash flow from investing activities increased significantly, primarily due to the previous payment for the acquisition of equity in ChipXunTong[24] - The net cash flow from financing activities decreased significantly due to higher short-term borrowing and substantial repayments during the reporting period[24] - Cash flow from operating activities shows a net outflow of ¥424,438,055.77, worsening from a net outflow of ¥392,948,083.39 in the previous period[43] - The total cash and cash equivalents at the end of the period is ¥185,982,207.02, a decrease from ¥662,358,802.21 at the end of the previous period[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,508[11] - The largest shareholder, Zhuhai Rundatai Investment Partnership, holds 24.69% of the shares, totaling 77,025,000 shares[11] Expenses - Sales expenses increased significantly due to aggressive market strategies and an expanded sales team for the IoT business[24] - Financial expenses rose sharply as a result of increased borrowing to support the rapid development of the IoT business[24] - Research and development expenses for Q1 2019 were CNY 38,632,281.69, up from CNY 28,761,529.79 in Q1 2018, reflecting an increase of approximately 34.3%[33] - Research and development expenses for the current period are ¥5,545,682.11, down from ¥9,414,653.06 in the previous period, reflecting a 41.5% reduction[38] Inventory and Receivables - Accounts receivable increased to ¥1,956,704,032.00 from ¥1,621,259,418.31, indicating a growth in sales and credit extended to customers[24] - Inventory decreased to ¥2,493,746,336.79 from ¥2,658,166,571.52, reflecting changes in production and sales dynamics[24] - The company reported a significant increase in accounts receivable, which rose to CNY 536,930,010.32 from CNY 484,145,276.16, indicating a growth of about 10.9%[30] Audit and Compliance - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[55]