Focus Tech.(SZ:002315)2019-04-24 16:00Financial Performance - The company's revenue for Q1 2019 was CNY 236,694,384.44, representing a 24.72% increase compared to CNY 189,778,249.01 in the same period last year[10] - Net profit attributable to shareholders reached CNY 65,518,357.12, a significant increase of 588.49% from CNY 9,516,288.43 year-over-year[10] - The net profit after deducting non-recurring gains and losses was CNY 14,300,240.83, up 600.40% from a loss of CNY 2,857,779.01 in the previous year[10] - Basic and diluted earnings per share were both CNY 0.28, reflecting a 600.00% increase from CNY 0.04 in the same quarter last year[10] - Total operating revenue for the first quarter reached ¥242,020,217.79, an increase of 24.1% compared to ¥194,788,755.10 in the previous year[62] - Net profit for the period was ¥64,406,510.93, significantly up from ¥8,541,088.26, representing a year-over-year growth of 653.5%[65] - The basic earnings per share for the current period was 0.35, up from 0.12 in the previous period, showing improved profitability[75] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,571,440,424.01, a 1.31% increase from CNY 2,538,126,685.70 at the end of the previous year[10] - Current liabilities decreased to CNY 591,135,497.80 from CNY 650,808,338.16, a reduction of about 9.1%[48] - Total liabilities decreased to CNY 641,969,428.90 from CNY 684,932,099.87, reflecting a reduction of approximately 6.3%[48] - The company's total assets at the end of the reporting period were ¥809.18 million, with significant investments in both stocks and other financial assets[34] - Total assets increased to 2,733,269,686.15 from 2,538,126,685.70, reflecting a growth of 7.7%[94] - Total liabilities rose to 699,447,142.58, up from 684,932,099.87, indicating a slight increase in financial obligations[94] Cash Flow - The net cash flow from operating activities was negative CNY 156,524,934.05, worsening by 43.17% compared to negative CNY 109,324,482.72 in the same period last year[10] - The company's cash flow from operating activities showed improvement, contributing positively to the overall financial health[67] - The net cash flow from operating activities was -156,524,934.05, compared to -109,324,482.72 in the previous period, indicating a worsening cash flow situation[79] - The net cash flow from financing activities was -82,853,075.00, contrasting with a positive flow of 4,467,989.44 in the previous period[81] - The net cash flow from investment activities was -106,944,010.86, compared to -124,394,332.65 previously, showing a decrease in cash outflow[87] Shareholder Information - The top shareholder, Shen Jinhua, holds 52.77% of the shares, with a total of 124,004,822 shares, of which 100,000,000 are pledged[14] - The company's equity attributable to shareholders rose to CNY 1,911,325,801.02, compared to CNY 1,791,392,433.09, marking an increase of about 6.7%[51] - The company reported a total of CNY 1,791,392,433.09 in equity attributable to shareholders, down from CNY 1,972,020,390.83, a decrease of CNY 180,627,957.74[101] Research and Development - The company's research and development expenses for the reporting period were ¥27.46 million, an increase of ¥7.10 million or 34.88% year-on-year, mainly due to higher personnel costs[28] - Research and development expenses increased to ¥27,459,479.32, up 35% from ¥20,358,612.48 in the same period last year[62] Comprehensive Income - The company's total comprehensive income for the current period was 81,773,106.18, compared to 36,630,222.26 in the previous period, demonstrating strong overall performance[75] - Other comprehensive income rose from CNY 83,619,641.72 to CNY 165,871,550.38, an increase of CNY 82,251,908.66[101] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[64]