共达电声(002655) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was CNY 217,511,090.74, representing a 30.78% increase compared to CNY 166,320,265.25 in the same period last year[7] - Net profit attributable to shareholders was CNY 1,302,485.62, a significant turnaround from a net loss of CNY 14,498,017.07 in the previous year, marking an increase of 108.98%[7] - Basic and diluted earnings per share were both CNY 0.0036, up 109.00% from a loss of CNY 0.04 per share in the previous year[7] - The operating profit for Q1 2019 was CNY 2,781,744.21, compared to a loss of CNY 12,471,703.15 in Q1 2018[40] - The net profit for Q1 2019 was CNY 1,923,553.31, recovering from a net loss of CNY 13,047,478.29 in the previous year[40] - The total comprehensive income for Q1 2019 was CNY 1,962,510.72, compared to a loss of CNY 13,047,478.29 in the same quarter last year[41] Cash Flow - The net cash flow from operating activities improved to CNY 11,057,138.85, compared to a negative cash flow of CNY 43,633,478.92 in the same period last year, reflecting a 125.34% increase[7] - Operating cash inflow for the current period was CNY 234,659,903.79, an increase of 16.2% from CNY 201,856,950.68 in the previous period[47] - Net cash flow from operating activities was CNY 11,061,387.52, a significant improvement from a net outflow of CNY 44,592,147.66 in the previous period[48] - Total cash outflow for operating activities was CNY 223,598,516.27, down from CNY 246,447,883.05 in the previous period, suggesting better cost management[48] - The company received tax refunds of CNY 7,670,855.51, up from CNY 2,993,711.06 in the previous period, indicating improved cash flow from tax returns[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,105,684,670.65, a slight increase of 0.42% from CNY 1,101,079,996.36 at the end of the previous year[7] - Net assets attributable to shareholders rose to CNY 490,571,813.88, reflecting a 0.41% increase from CNY 488,589,599.00 at the end of the previous year[7] - Total liabilities increased slightly to CNY 614,505,273.63 from CNY 612,490,397.36, indicating a marginal rise of 0.3%[32] - The company’s non-current liabilities totaled CNY 14,638,802.48, up from CNY 8,972,369.75, representing a significant increase of 63.1%[32] - Long-term payables increased by 63.15% to CNY 14,638,802.48, due to new financing lease liabilities[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,178[11] - The largest shareholder, Weifang Aisheng Acoustic Technology Co., Ltd., held 15.27% of the shares, amounting to 54,980,000 shares[11] Operational Metrics - Operating revenue increased by 30.78% to CNY 217,511,090.74, driven by new customer acquisitions and product sales[15] - Total operating costs for Q1 2019 were CNY 215,945,749.48, up from CNY 182,200,915.46, reflecting a year-over-year increase of 18.5%[34] - The company reported a decrease in cash and cash equivalents to CNY 80,398,551.29 from CNY 96,117,983.48, a decline of 16.4%[30] - Accounts receivable decreased by 40.61% to CNY 6,011,476.28 due to bill discounting during the reporting period[15] - Inventory levels rose to CNY 202,589,158.29 from CNY 199,825,292.68, an increase of 1.4%[31] Expenses - The company's R&D expenses in Q1 2019 were CNY 13,010,300.04, down from CNY 16,699,398.81 in Q1 2018, indicating a reduction of approximately 22.1%[39] - The financial expenses for Q1 2019 were CNY 7,008,339.23, a decrease from CNY 8,708,736.14 in the previous year, reflecting a reduction of about 19.5%[39] - The tax expenses for Q1 2019 were CNY 853,873.59, compared to CNY 575,775.32 in Q1 2018, indicating an increase of approximately 48.3%[40] - The company reported a 42.16% decrease in taxes and surcharges to CNY 1,695,534.83, primarily due to reduced land use tax rates[15] Other Income and Gains - The company reported non-operating income of CNY 491,275.22, primarily from government subsidies and other income[9] - Foreign currency translation gains increased by 306.95% to CNY 679,729.26, resulting from exchange rate fluctuations[15] - The company's other comprehensive income after tax for Q1 2019 was CNY 38,957.41, compared to no amount reported in Q1 2018[41] Investment Activities - Cash outflow from investing activities totaled CNY 25,671,476.98, compared to CNY 10,587,587.86 in the previous period, indicating increased investment activity[45] - Cash paid for the purchase of fixed assets rose by 48.02% to CNY 15,671,476.98, driven by increased prepayments for equipment[15] Future Outlook - The company expects to turn a profit in the first half of 2019, with a projected net profit of CNY 6,000,000 to CNY 8,000,000, compared to a loss of CNY 1,212,890 in the same period last year[18] Miscellaneous - The company did not report any significant new product launches or market expansions during this period[50]