GIMC(SZ:002400)2019-04-29 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥2,228,812,444.86, a decrease of 1.51% compared to the same period last year[8]. - Net profit attributable to shareholders was ¥63,060,446.22, down 20.45% year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥56,978,181.92, reflecting a decline of 25.01% compared to the previous year[8]. - Basic and diluted earnings per share were both ¥0.04, down 20.00% year-on-year[8]. - The company reported a total comprehensive income of CNY 17,543,987.14 for the first quarter, down from CNY 58,725,060.19 year-over-year, reflecting a decline of approximately 70.1%[77]. - Net profit for the current period is ¥69,492,884.59, a decrease of 16.38% compared to ¥83,073,254.75 in the previous period[67]. - Total operating income for the first quarter was CNY 2,396,014,238.21, compared to CNY 2,663,976,402.01 in the previous year, indicating a decrease of about 10.0%[78]. Cash Flow - The net cash flow from operating activities was negative at ¥133,804,011.21, a significant decrease of 1,048.01% from the same period last year[8]. - The net cash flow from operating activities was -$10.05 million, a significant decrease compared to $132.89 million in the previous period, indicating a decline in operational efficiency[87]. - Cash inflow from operating activities totaled $1.56 billion, while cash outflow was $1.57 billion, leading to a tight operational cash flow situation[87]. - The company incurred operating expenses of CNY 2,532,460,634.29, compared to CNY 2,656,391,548.25 in the previous year, showing a decrease of about 4.7%[79]. - The company received CNY 516,000,000.00 from borrowings during the quarter, compared to CNY 890,002,762.69 in the same period last year[83]. - The company paid CNY 436,723,000.00 in debt repayments, down from CNY 1,171,758,152.88 in the previous year, indicating a reduction of approximately 62.7%[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,338,557,401.37, an increase of 1.19% from the end of the previous year[8]. - Total current assets increased to ¥5,380,467,059.21 from ¥5,244,353,132.15, representing a growth of approximately 2.6%[48]. - Total liabilities increased to ¥3,750,700,057.58 from ¥3,709,705,110.03, marking a growth of approximately 1.1%[52]. - The total liabilities amount to ¥3,021,530,884.81, an increase of 6.69% from ¥2,831,974,519.52[63]. - Total assets amounted to approximately $9.23 billion, with total liabilities at $3.71 billion, resulting in a healthy asset-to-liability ratio[94]. - The company's equity totaled CNY 4,782,033,944.83, with retained earnings of CNY 875,101,626.93[102]. Investments and Expenses - Development expenses rose by 53.03% to ¥8,687,889.77 from ¥5,677,244.14, as the company's R&D products have not yet reached the intended usable state[20]. - Investment income fell by 50.29% to ¥6,045,061.07 from ¥12,159,758.46, mainly due to a decrease in net profit from joint ventures[20]. - Research and development expenses for the current period are ¥24,910,160.09, an increase of 7.66% from ¥22,208,442.81 in the previous period[64]. - The company reported a decrease in sales expenses to ¥125,438,873.08 from ¥142,871,843.81, a reduction of about 12.19%[64]. Regulatory and Compliance - The company has committed to avoiding any direct competition with its subsidiaries, ensuring compliance with market fairness and legal procedures[36]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[41]. - The company has not engaged in any external guarantees that violate regulations during the reporting period[40]. - The implementation of new financial instrument accounting standards is not expected to have a significant impact on the company's financial condition or operating results[105]. - The first quarter report for 2019 was not audited[106]. Miscellaneous - The company received government subsidies amounting to ¥1,941,474.07 during the reporting period[8]. - The company conducted investor communications via phone from January 1, 2019, to March 31, 2019, discussing operational and industry developments[42]. - The company is currently involved in legal proceedings regarding asset impairment compensation, which is still under review[38].