榕基软件(002474) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥142,487,194.58, representing a decrease of 8.05% compared to ¥154,966,489.96 in the same period last year[7]. - The net profit attributable to shareholders was ¥14,574,616.42, showing a slight decrease of 0.01% from ¥14,575,375.75 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥2,686,838.99, down 36.28% from ¥4,216,369.97 in the previous year[7]. - The company reported a total profit of ¥14,441,051.68, compared to ¥14,852,036.07 in the previous period, a decrease of about 2.8%[41]. - The gross profit margin for the period was approximately 10.5%, down from 1.5% in the previous period, indicating a decline in profitability[39]. - The company’s operating profit was ¥14,430,938.86, down from ¥16,553,532.04, a decrease of about 13% year-over-year[41]. - Net profit for the period was ¥13,565,667.29, slightly up from ¥13,552,321.81, indicating a marginal increase of 0.1% year-over-year[41]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥2,849,530.08, an 8.69% increase compared to -¥32,806,846.28 in the same period last year[7]. - The company’s cash flow from operating activities was ¥158,281,510.37, compared to ¥122,336,212.57 in the previous period, showing an increase of approximately 29.4%[47]. - The net cash flow from operating activities was 1,469,441.69 CNY, a significant improvement compared to a net outflow of -73,169,392.09 CNY in the previous period[50]. - Total cash inflow from investment activities was 120,442,852.52 CNY, down from 701,430,726.33 CNY in the previous period[50]. - The net cash flow from financing activities was -25,265,870.42 CNY, compared to -5,659,332.38 CNY in the previous period[51]. - The company experienced a net decrease in cash and cash equivalents of -104,551,349.51 CNY during the period[51]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,649,036,258.52, an increase of 4.81% from ¥2,527,395,782.89 at the end of the previous year[7]. - Current liabilities rose to CNY 1,122,663,986.87, compared to CNY 1,023,402,063.01, marking an increase of about 9.8%[32]. - The total liabilities increased to CNY 1,173,745,098.01 from CNY 1,063,734,840.80, indicating a rise of about 10.4%[32]. - Non-current assets totaled CNY 665,008,813.89, up from CNY 596,059,551.47, reflecting an increase of approximately 11.6%[31]. - Owner's equity rose to CNY 1,475,291,160.51 from CNY 1,463,660,942.09, reflecting an increase of approximately 0.8%[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 83,851[10]. - The largest shareholder, Lu Feng, holds 20.74% of the shares, with 129,015,740 shares, of which 96,761,805 are pledged[10]. - The company completed the third phase of its employee stock ownership plan, purchasing 7,856,200 shares, which is about 1.26% of the total share capital, for a total amount of ¥58,225,118.51 at an average price of ¥7.41 per share[20]. - The company has committed to a cash profit distribution of no less than 10% of the distributable profits for the year, with a cumulative distribution of at least 30% over three consecutive years post-IPO[20]. Research and Development - R&D expenses increased by 62.79% year-on-year, primarily due to increased R&D investments and salaries for R&D personnel[15]. - Research and development expenses increased significantly to ¥14,623,671.53 from ¥8,982,926.42, representing a growth of approximately 63.5% year-over-year[39]. - Construction of the new R&D building in Fuzhou has commenced, with a planned investment of up to 133 million yuan[15]. - The company plans to utilize raised funds for developing new generation electronic government application platforms and other core business areas[20]. Other Income and Expenses - Other income increased by 757.54% year-on-year, mainly due to an increase in government subsidies received during the reporting period[15]. - Other income increased significantly to ¥8,227,386.46 from ¥959,414.79, reflecting a growth of about 758% year-over-year[39]. - The company reported a 104.29% increase in taxes and surcharges compared to the same period last year, mainly due to increased urban construction tax and education fees[15].