华源控股(002787) - 2019 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2019 reached ¥359,239,284.82, an increase of 46.73% compared to ¥244,827,701.69 in the same period last year[8] - Net profit attributable to shareholders decreased by 39.59% to ¥7,353,083.33 from ¥12,172,970.26 year-on-year[8] - Net profit excluding non-recurring gains and losses fell by 45.13% to ¥6,737,018.28 from ¥12,277,365.43 in the previous year[8] - Net profit for the reporting period was ¥7,474,038.20, a decrease of 38.60% year-on-year, primarily due to increased interest expenses from convertible bonds issued[15] - Total operating revenue for Q1 2019 was ¥359,239,284.82, an increase of 46.5% compared to ¥244,827,701.69 in the previous year[40] - Net profit for Q1 2019 was ¥7,474,038.20, a decrease of 38.1% from ¥12,172,970.26 in Q1 2018[42] - The total comprehensive income for Q1 2019 was ¥7,474,230.93, down from ¥12,172,970.26 in the previous year[43] Cash Flow and Financial Position - Operating cash flow improved significantly to ¥28,875,046.19, a turnaround from a negative cash flow of ¥141,818,886.96 in the same period last year[8] - The net cash flow from operating activities for the period was ¥28,875,046.19, a decrease of 120.36% year-on-year, mainly due to reduced material purchases[15] - Cash and cash equivalents decreased significantly from CNY 584,803,500.84 to CNY 201,896,569.00, a reduction of approximately 65.5%[30] - The ending balance of cash and cash equivalents was 201,704,124.01 CNY, down from 579,396,665.79 CNY at the beginning of the period, reflecting a decrease of approximately 65%[51] - Total cash outflow for operating activities was 352,039,171.61 CNY, up from 316,765,655.76 CNY in the prior period, indicating increased operational costs[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,247,244,193.86, down 2.76% from ¥2,311,006,696.65 at the end of the previous year[8] - The company's total assets were reported at ¥2,004,731,352.63, a decrease from ¥2,058,062,407.47 in the previous year[39] - The company's total liabilities decreased from CNY 872,038,709.88 to CNY 754,623,957.72, a reduction of about 13.5%[33] - Total liabilities as of Q1 2019 amounted to ¥652,401,578.11, a decrease from ¥749,949,971.37 in the previous year[39] - The company's current assets totaled CNY 1,363,666,858.48, down from CNY 1,424,107,897.01, indicating a decrease of about 4.25%[31] - Short-term borrowings decreased from CNY 322,431,100.00 to CNY 217,500,100.00, a decline of approximately 32.5%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,751[11] - The largest shareholder, Li Zhichong, holds 40.65% of the shares, with 94,814,874 shares pledged[11] - Net assets attributable to shareholders increased by 3.73% to ¥1,487,585,939.46 from ¥1,434,054,644.96 at the end of the previous year[8] - The total equity attributable to shareholders increased from CNY 1,434,054,644.96 to CNY 1,487,585,939.46, reflecting an increase of about 3.73%[34] Research and Development - Research and development expenses for the reporting period were ¥11,959,104.38, an increase of 110.13% year-on-year, driven by the acquisition of Ruijie Technology and increased R&D investment by the parent company[15] - Research and development expenses for Q1 2019 were ¥11,959,104.38, an increase of 109.5% from ¥5,691,415.99 in Q1 2018[40] Financial Management - The company reported a financial expense of ¥8,729,281.93, significantly higher than ¥874,408.56 in the previous year, primarily due to increased interest expenses[40] - The company’s financial expenses for the reporting period were ¥8,729,281.93, an increase of 898.31% year-on-year, mainly due to increased borrowings and interest expenses from convertible bonds[15] Corporate Governance - The company did not undergo an audit for the first quarter report, indicating that the financial results are unaudited[56] - The company guarantees the authenticity, accuracy, and completeness of the Q1 2019 report, ensuring no false records or misleading statements exist[62] - All board members have signed to affirm the report's integrity[63] - All senior management personnel have also signed to confirm the report's accuracy[65]