TOPSUN(SZ:002779)2019-04-24 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥90,501,221.29, a decrease of 17.89% compared to ¥110,223,574.56 in the same period last year[9]. - The net profit attributable to shareholders was ¥923,873.50, down 79.61% from ¥4,530,287.63 year-on-year[9]. - Basic earnings per share decreased by 66.67% to ¥0.01 from ¥0.03 in the same period last year[9]. - Total operating revenue for the first quarter was CNY 90,501,221.29, a decrease from CNY 110,223,574.56 in the previous period[29]. - Total operating costs amounted to CNY 90,200,379.48, down from CNY 109,018,383.50 year-over-year[29]. - Net profit for the quarter was CNY 923,873.50, significantly lower than CNY 4,530,287.63 in the same period last year, representing a decline of approximately 79.6%[30]. - Basic and diluted earnings per share were both CNY 0.01, compared to CNY 0.03 in the previous year[31]. Cash Flow - The net cash flow from operating activities was -¥37,289.60, a decline of 100.91% compared to ¥4,109,298.86 in the previous year[9]. - Cash inflow from operating activities totaled CNY 100,751,257.69, slightly down from CNY 104,353,078.97 in the prior period[34]. - Cash outflow from operating activities was CNY 100,788,547.29, compared to CNY 100,243,780.11 in the previous year[34]. - Operating cash flow turned negative at -¥37,289.60, a decline of 100.91% due to reduced tax refunds received[16]. - The total cash inflow from investment activities was 21,424,458.90, while cash outflow was 55,890,815.44, resulting in a net cash flow of -34,466,356.54[35]. - The cash inflow from financing activities amounted to 10,000,000.00, with cash outflow of 62,470.84, leading to a net cash flow of 9,937,529.16[36]. - The net increase in cash and cash equivalents was -24,648,175.15, with a closing balance of 31,030,347.04[36]. - Cash and cash equivalents decreased by 44.20% to ¥57,547,848.90 due to the maturity of notes payable and reduced deposits[16]. - The company reported a significant decrease in cash and cash equivalents compared to the previous period, which had a balance of 82,362,633.68[36]. Assets and Shareholder Information - Total assets at the end of the reporting period were ¥813,158,373.76, a decrease of 0.73% from ¥819,117,564.49 at the end of the previous year[9]. - The company's total assets were CNY 813,158,373.76, a slight decrease from CNY 819,117,564.49[30]. - The largest shareholder, Zhongjian Electromechanical Group Co., Ltd., held 51.55% of the shares[12]. - The total number of ordinary shareholders at the end of the reporting period was 10,731[12]. - The company resolved to release 12.56 million pledged shares, accounting for 18.46% of the total shares held by the largest shareholder[13]. Expenses and Investments - Research and development expenses decreased by 30.98% to ¥3,872,512.56, reflecting reduced investment in R&D[16]. - Financial expenses dropped by 58.07% to ¥794,464.57, mainly due to decreased interest income and reduced foreign exchange losses[16]. - Investment income fell by 79.84% to ¥331,093.30, resulting from decreased returns on financial products[16]. - Sales expenses were CNY 3,082,170.56, down from CNY 3,533,843.19 in the previous period[30]. - The cash outflow for the acquisition of fixed assets and intangible assets was 25,890,815.44[35]. - Prepayments increased significantly by 160.75% to ¥11,617,841.98, primarily due to increased advance payments for molds[16]. - Other non-current assets rose by 56.38% to ¥29,503,172.56, attributed to increased advance payments for projects and machinery[16]. Audit and Compliance - The company did not undergo an audit for the first quarter report[37]. - The report indicates that the company has not applied new financial instrument standards or new revenue standards[37]. - The company’s financial report for the first quarter was not audited, indicating a lack of external verification[37].