嘉麟杰(002486) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥188,540,043.89, representing a 1.02% increase compared to ¥186,633,024.81 in the same period last year[7] - Net profit attributable to shareholders was ¥3,556,890.14, a significant turnaround from a loss of ¥18,773,435.26, marking an increase of 118.95%[7] - The net profit after deducting non-recurring gains and losses was ¥2,101,770.52, up 110.14% from a loss of ¥20,720,077.55 in the previous year[7] - Basic and diluted earnings per share were both ¥0.0043, compared to -¥0.0226 in the previous year, reflecting an increase of 118.92%[7] - Net profit for Q1 2019 was ¥3,893,122.53, a significant recovery from a net loss of ¥18,415,926.46 in Q1 2018[36] - The company expects to achieve a net profit of between ¥5,000,000 and ¥8,000,000 for the first half of 2019, a turnaround from a net loss of ¥4,529,000 in the same period last year[19] Cash Flow - The net cash flow from operating activities improved by 36.05%, reaching -¥20,337,231.21 compared to -¥31,801,730.35 in the same period last year[7] - Net cash flow from operating activities improved by 36.05% to -¥20,337,231.21, mainly due to increased sales collections[16] - Net cash flow from investing activities decreased by 98.59% to -¥4,730,940.33, primarily due to a reduction in financial products this period[16] - Net cash flow from financing activities decreased by 99.92% to -¥66,860.52, as there were no bond interest payments or loan repayments this period[16] - The cash flow from operating activities showed a net outflow of CNY 20,337,231.21, an improvement from the previous outflow of CNY 31,801,730.35[41] - The investment activities resulted in a net cash outflow of CNY 4,730,940.33, compared to a larger outflow of CNY 334,415,321.79 in the previous year, indicating a more cautious investment approach[41] - The cash outflow from financing activities amounted to 87,972,923.60 CNY, primarily due to dividend payments and interest[45] - The company reported a net decrease in cash and cash equivalents of -30,778,572.29 CNY for the quarter[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,091,881,211.75, a decrease of 1.74% from ¥1,111,240,612.41 at the end of the previous year[7] - Total assets decreased from ¥1,111,240,612.41 to ¥1,091,881,211.75, reflecting a reduction in both current and non-current assets[27] - The company's total assets decreased to ¥1,110,037,464.97 as of March 31, 2019, down from ¥1,125,408,519.39 at the end of 2018[32] - Current liabilities decreased to ¥96,473,970.22 in Q1 2019 from ¥111,250,881.38 in Q4 2018, a decline of approximately 13.3%[33] - The total equity of the company was ¥999,111,086.00 as of March 31, 2019, slightly down from ¥999,267,255.51 at the end of 2018[33] Operational Efficiency - The company reported a 34.11% decrease in accounts receivable, totaling ¥71,713,247.01, primarily due to increased cash collections[15] - Prepayments increased by 99.69% to ¥37,377,304.41, mainly due to higher advance payments for goods[15] - Financial expenses decreased by 73.85% to ¥2,261,580.59 due to no interest or guarantee fees related to corporate bonds this period[16] - Asset impairment losses increased by 2556.38% to -¥1,490,374.05, primarily due to a reduction in accounts receivable and corresponding decrease in bad debt provisions[16] - Other income rose by 43.30% to ¥1,745,493.75, mainly from increased government subsidies received[16] - Income tax expenses increased by 142.32% to ¥1,729,853.47, attributed to improved operating performance this period[16] Research and Development - Research and development expenses increased to ¥1,328,930.21 in Q1 2019, up from ¥381,055.53 in Q1 2018, reflecting a growth of approximately 249.5%[34] - Research and development expenses increased to CNY 1,328,930.21, up from CNY 381,055.53, indicating a focus on innovation and new product development[37] Comprehensive Income - The company’s other comprehensive income showed a loss of ¥3,301,511.14 in Q1 2019, compared to a gain of ¥244,365.19 in Q1 2018[36] - The total comprehensive income for Q1 2019 was CNY -156,169.51, compared to CNY -16,603,854.58 in the previous year, indicating a narrowing of losses[38] Financial Reporting - The financial report for the first quarter was not audited, which may affect the reliability of the reported figures[47]