世嘉科技(002796) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥350,988,515.45, representing a 30.21% increase compared to ¥269,553,165.65 in the same period last year[8] - Net profit attributable to shareholders was ¥14,836,076.97, a significant increase of 133.78% from ¥6,346,263.84 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥13,174,182.88, up 158.04% from ¥5,105,503.04 in the previous year[8] - Basic earnings per share increased to ¥0.13, an 85.71% rise compared to ¥0.07 in the previous year[8] - The company reported a net profit for Q1 2019 of ¥15,618,990.39, representing a 114.1% increase from ¥7,289,200.09 in Q1 2018[41] - The total comprehensive income for Q1 2019 was ¥15,650,877.05, up from ¥7,289,200.09 in Q1 2018[42] - The net profit for Q1 2019 was ¥1,908,494.63, a significant recovery from a net loss of ¥4,124,246.24 in the same period last year, indicating a turnaround in performance[45] - Operating profit reached ¥2,695,878.09, compared to a loss of ¥5,209,117.27 in the previous year, showcasing improved operational efficiency[45] Cash Flow - The net cash flow from operating activities was ¥66,883,734.51, a remarkable turnaround from a negative cash flow of -¥48,209,967.88 in the same period last year, marking a 238.73% improvement[8] - Cash flow from operating activities generated a net inflow of ¥66,883,734.51, a substantial improvement from a net outflow of ¥48,209,967.88 in Q1 2018[49] - The company reported a decrease in financial expenses to ¥284,105.71 from ¥743,973.21, indicating better cost management[45] - The company received tax refunds amounting to ¥4,495,092.12, compared to ¥8,348,633.96 in the previous year, indicating a decrease in tax recovery[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,129,126,780.55, reflecting a 5.70% increase from ¥2,014,346,560.12 at the end of the previous year[8] - Total liabilities increased to CNY 694,577,666.88 from CNY 576,359,120.78, reflecting an increase of about 20.5%[32] - Total liabilities decreased to ¥163,811,567.45 as of March 31, 2019, down from ¥202,830,410.22 at the end of 2018, a reduction of 19.2%[38] - The company's total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous quarter[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,123, with the largest shareholder holding 31.81% of the shares[12] - The company has completed the distribution of cash dividends of CNY 2.00 per share and a capital reserve increase of 5 shares for every 10 shares held[19] Research and Development - Research and development expenses rose to CNY 13,407,862.13, marking a 35.76% increase due to higher investment in product competitiveness[16] - Research and development expenses for Q1 2019 were ¥13,407,862.13, an increase of 35.4% from ¥9,875,985.73 in Q1 2018[39] Inventory and Sales - The company's inventory increased by 35.25% to CNY 258,868,537.88, driven by increased market demand for products[16] - Total revenue from sales of goods and services amounted to ¥369,333,744.04, up from ¥307,646,214.98 in the previous year, reflecting a growth of approximately 20%[48] - Operating costs for Q1 2019 were ¥335,522,670.75, up 28.3% from ¥261,586,925.22 in the previous year[39] - The company’s sales expenses increased by 36.73% to CNY 7,750,316.98, reflecting higher market expansion costs due to increased sales revenue[16] Government Subsidies - The company received government subsidies amounting to ¥515,068.47, which were closely related to its business operations[9] Other Financial Information - The company reported no need for retrospective adjustments or restatements of previous accounting data[8] - The company has reduced short-term borrowings to zero, down from CNY 10,000,000.00 in the previous period[16] - The company reported an asset impairment loss of ¥3,758,156.10 in Q1 2019, compared to a gain of ¥424,942.39 in the previous year[41] - The capital reserve increased to ¥1,167,755,385.98 as of March 31, 2019, from ¥1,165,493,014.67 at the end of 2018[38] - The company has not provided audited financial statements for the first quarter[57]