奥拓电子(002587) - 2019 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2019 was ¥282,487,814.52, a decrease of 31.09% compared to ¥409,941,860.00 in the same period last year[7] - Net profit attributable to shareholders was ¥36,999,791.68, down 16.17% from ¥44,137,131.96 year-over-year[7] - Net profit excluding non-recurring items was ¥32,153,384.33, reflecting a decline of 21.30% compared to ¥40,855,556.24 in the previous year[7] - The company's operating revenue for the reporting period was 282.49 million yuan, a decrease of 127.45 million yuan year-on-year, representing a decline of 31.09%, primarily due to a reduction in smart lighting project revenue[15] - Net profit for Q1 2019 was CNY 38,027,787.19, a decline of 12.9% from CNY 43,140,301.54 in the previous period[40] - Total comprehensive income for the quarter was CNY 58.08 million, compared to CNY 776.46 thousand in the same period last year[45] Cash Flow - The net cash flow from operating activities improved to -¥82,263,229.07, a 14.59% increase from -¥96,315,373.09 in the same period last year[7] - The net cash flow from investment activities was -39.45 million yuan, a decrease of 112.15 million yuan year-on-year, representing a decline of 154.27%, primarily due to increased bank financial investments[16] - The net cash flow from financing activities was -17.87 million yuan, a decrease of 16.70 million yuan year-on-year, with a decline of 1,427.51%, mainly due to stock repurchases in the secondary market[16] - The cash flow from operating activities was negative at CNY -82.26 million, although it improved from CNY -96.32 million year-over-year[48] - The company’s cash flow from operating activities increased by approximately 36% compared to the previous year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,281,830,705.46, a slight increase of 0.56% from ¥2,269,113,061.88 at the end of the previous year[7] - Total current assets increased to CNY 1,823,600,411.80 from CNY 1,806,922,040.58, representing a growth of approximately 0.4%[30] - Total liabilities decreased to CNY 967,374,666.46 from CNY 975,362,469.21, a reduction of approximately 0.9%[31] - The company's total liabilities as of Q1 2019 amounted to CNY 397,812,576.39, an increase from CNY 387,387,200.63 in the previous period[37] - The total assets amounted to CNY 2,269,113,061.88, with total liabilities of CNY 975,362,469.21, resulting in total equity of CNY 1,293,750,592.67[57] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,757[10] - The largest shareholder, Wu Hanqu, holds 27.64% of the shares, with 171,156,663 shares, of which 128,367,497 are pledged[10] Operating Costs and Expenses - Operating costs amounted to 166.28 million yuan, down 123.93 million yuan year-on-year, with a decline of 42.70%, mainly due to the corresponding decrease in operating revenue[15] - Research and development expenses for Q1 2019 were CNY 19,269,552.61, up 20.5% from CNY 15,942,142.62 in the previous period[38] Other Income and Investments - Other income increased to 5.79 million yuan, an increase of 2.30 million yuan year-on-year, reflecting a growth of 65.90%, primarily due to increased government subsidies[15] - Investment income rose to 1.34 million yuan, an increase of 0.38 million yuan year-on-year, with a growth rate of 39.88%, mainly due to increased financial management income[15] Share Repurchase and Contracts - The company repurchased 4,186,652 shares, accounting for 0.68% of the total issued share capital, with a total payment of 21.74 million yuan (excluding transaction fees) as of March 31, 2019[22] - The company signed a major contract for LED television walls and related systems, with an adjusted contract amount of 29.25 million yuan due to changes in project scope[17] Miscellaneous - The company has provided LED display equipment and related services for 168 events for the Chinese Football Association's national team as of March 31, 2019[18] - The first quarter report for 2019 was not audited[60]