真视通(002771) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥136,048,463.88, representing a decrease of 9.15% compared to ¥149,749,309.92 in the same period last year[8] - Net profit attributable to shareholders was ¥1,575,054.76, down 80.95% from ¥8,266,519.33 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥427,095.79, a decline of 93.69% from ¥6,765,731.54 in the previous year[8] - Basic and diluted earnings per share were both ¥0.01, down 80.00% from ¥0.05 in the same period last year[8] - The company's operating revenue for Q1 2019 was ¥134.53 million, a decrease of 10.2% compared to ¥149.83 million in the same period last year[42] - The net profit for Q1 2019 was ¥3.62 million, down 59.0% from ¥8.86 million in Q1 2018[44] - Operating profit for Q1 2019 was ¥3.34 million, a decline of 65.6% from ¥9.73 million in Q1 2018[44] - The company reported a total profit of ¥3.28 million for Q1 2019, down 66.3% from ¥9.73 million in the same quarter last year[44] - The total comprehensive income for Q1 2019 was ¥3.62 million, a decrease of 59.0% from ¥8.86 million in Q1 2018[45] Cash Flow and Liquidity - The net cash flow from operating activities was -¥148,668,611.58, slightly improved by 6.92% compared to -¥159,714,754.06 last year[8] - The company's cash and cash equivalents decreased significantly to CNY 38,210,362.85 from CNY 226,616,683.91 at the end of 2018, indicating liquidity challenges[34] - The cash flow from operating activities was ¥91.91 million in Q1 2019, down from ¥110.13 million in Q1 2018[47] - The net cash flow from operating activities was -145,025,805.55 yuan, compared to -157,068,887.49 yuan in the previous period, indicating a slight improvement[52] - Total cash inflow from operating activities was 101,398,260.10 yuan, down from 123,917,999.24 yuan year-over-year[52] - Cash outflow from operating activities totaled 246,424,065.65 yuan, compared to 280,986,886.73 yuan in the previous period[52] - The total cash and cash equivalents at the end of the period were 26,752,562.08 yuan, down from 132,519,968.00 yuan year-over-year[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,035,497,297.99, a decrease of 15.13% from ¥1,220,061,024.77 at the end of the previous year[8] - The total assets decreased from ¥1,220,061,024.77 to ¥1,035,497,297.99, indicating a significant reduction in overall asset value[30] - Total liabilities decreased to CNY 361,872,469.97 from CNY 548,462,614.51, indicating improved financial health[32] - The company's total equity increased to CNY 673,624,828.02 from CNY 671,598,410.26, reflecting retained earnings growth[32] - Total liabilities reached CNY 548,462,614.51, with current liabilities accounting for CNY 536,609,716.02[56] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,303[11] - The top shareholder, Wang Guohong, holds 19.44% of the shares, with 31,404,920 shares, of which 23,553,690 are pledged[11] Tax and Expenses - Tax and additional fees increased by 51.64% to ¥349,287.55 due to higher VAT payable compared to the same period last year[17] - Financial expenses decreased by 78.42% to -¥120,171.86 primarily due to reduced loan interest payments[17] - Cash paid for various taxes increased by 74.56% to ¥51,530,924.71 due to higher tax payments in the reporting period[19] Research and Development - Research and development expenses rose to CNY 10,719,436.29 from CNY 9,100,350.08, highlighting a focus on innovation[38] - Research and development expenses increased to ¥10.51 million in Q1 2019, compared to ¥9.10 million in Q1 2018, reflecting a growth of 15.5%[42] Investment Activities - The company did not engage in any significant investment activities during the reporting period, with no cash received from investment activities reported[19] - The company reported a net loss from investments of CNY 148,917.22, compared to a loss of CNY 93,475.55 in the previous quarter, indicating investment challenges[38] Other Income and Losses - Other income rose by 38.59% to ¥1,982,097.18, mainly from VAT refunds received during the reporting period[18] - Credit impairment losses were reported at ¥8,158,584.68, reflecting a 100% increase as a result of reclassification under new financial instrument standards[17] - The company incurred a credit impairment loss of ¥8.16 million in Q1 2019, with no such loss reported in the same period last year[42] Compliance and Standards - The company has implemented new financial instrument standards effective January 1, 2019, affecting asset classification and measurement[61] - The first quarter report for 2019 was not audited[63]