BOAMAX(SZ:002514)2019-04-24 16:00Financial Performance - The company's revenue for Q1 2019 was CNY 301,448,049.05, representing a 21.80% increase compared to CNY 247,499,111.97 in the same period last year[8] - Net profit attributable to shareholders was CNY 56,461,152.33, an increase of 8.22% from CNY 52,173,392.56 year-on-year[8] - Basic earnings per share rose to CNY 0.10, up 11.11% from CNY 0.09 in the same quarter last year[8] - The net profit for the first half of 2019 is expected to be between RMB 51.27 million and RMB 74.57 million, representing a year-on-year increase of over 50%[23] - The total comprehensive income for the current period is CNY 1,779,294.11, compared to CNY 36,813,165.28 in the previous period, indicating a significant decrease[46] Cash Flow - The net cash flow from operating activities improved significantly to CNY 30,088,092.89, a 205.02% increase from a negative CNY 28,651,087.80 in the previous year[8] - Cash inflows from operating activities amounted to CNY 288,037,749.15, up from CNY 108,373,815.81 in the previous period, reflecting a growth of approximately 165%[49] - The net cash flow from operating activities is CNY 30,088,092.89, a turnaround from a negative CNY 28,651,087.80 in the previous period[49] - Cash flow from investing activities decreased significantly, with a net outflow of ¥23,587,974.49, primarily due to reduced maturity receipts from financial products[17] - The net cash flow from investing activities is negative at CNY -23,587,974.49, compared to a positive CNY 31,197,097.83 in the previous period[50] - The net cash flow from financing activities showed a net outflow of ¥15,884,332.23, a 284% decrease due to loan repayments[17] - The net cash flow from financing activities is CNY -15,884,332.23, compared to a positive CNY 8,630,851.15 in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,851,804,815.12, a decrease of 1.06% from CNY 1,871,605,306.67 at the end of the previous year[8] - Current liabilities decreased from CNY 874,267,288.53 to CNY 771,425,766.50, representing a reduction of about 11.8%[32] - Non-current liabilities increased from CNY 52,378,988.53 to CNY 81,248,596.03, an increase of approximately 55.0%[32] - Total liabilities decreased from CNY 926,646,277.06 to CNY 852,674,362.53, a decline of about 8.0%[33] - Owner's equity increased from CNY 944,959,029.61 to CNY 999,130,452.59, reflecting a growth of approximately 5.7%[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,690[11] - The top shareholder, Chen Dong, held 21.54% of the shares, amounting to 119,365,082 shares, with 89,523,811 shares pledged[11] Expenses - Total operating costs for Q1 2019 were CNY 232,858,582.09, up 22% from CNY 190,972,132.71 in the same period last year[40] - Management expenses increased by 52% to ¥21,793,982.62 primarily due to higher consulting service fees and employee benefits[16] - Financial expenses rose by 78% to ¥9,960,516.95 mainly due to increased interest costs and foreign exchange losses[16] - R&D expenses increased to CNY 10,773,309.61 in Q1 2019, a rise of 85.5% from CNY 5,810,788.85 in Q1 2018[41] Legal Matters - The company has ongoing litigation regarding performance commitments made by Mr. Yuan Rongmin, with potential financial implications[18] - The company has filed an appeal regarding the court's decision on the performance commitment lawsuit against Mr. Yuan Rongmin[20] - The company reported a commitment to ensure a minimum net profit of RMB 30 million for 2017, which was not fulfilled, leading to compensation obligations[21] - The company has initiated legal proceedings against a party for non-fulfillment of performance commitments, with the case accepted by the local court[22] Other Information - The company has no reported violations regarding external guarantees during the reporting period[24] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[25] - No research, communication, or interview activities were conducted during the reporting period[26] - The company did not undergo an audit for the first quarter report[55]