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 and diluted earnings per share increased to ¥0.13, an 85.71% rise from ¥0.07 in the previous year[8] - The company expects net profit for the first half of 2019 to increase by over 50%, with projections ranging from CNY 53.62 million to CNY 67.02 million[22] - The total comprehensive income for Q1 2019 was CNY 15,650,877.05, up from CNY 7,289,200.09 in Q1 2018[42] - The net profit for the first quarter of 2019 was CNY 1,908,494.63, a significant recovery from a net loss of CNY 4,124,246.24 in the same period last year[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] - Operating cash flow for the first quarter was CNY 66,883,734.51, compared to a negative cash flow of CNY -48,209,967.88 in the previous year[49] - The total cash flow from investment activities was negative at CNY -1,929,493.41, compared to a positive cash flow of CNY 22,369,977.74 in the same quarter last year[50] - The company reported a decrease in cash flow due to increased payments to employees and other operational costs[53] 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, marking an increase of 20.5%[32] - The company's total liabilities decreased to CNY 163,811,567.45 as of March 31, 2019, down from CNY 202,830,410.22 at the end of 2018, a reduction of 19.2%[38] - The company's inventory increased by 35.25% to CNY 258,868,537.88, driven by heightened market demand for products[16] Shareholder Information - The company reported a total of 12,123 common shareholders at the end of the reporting period[12] - The largest shareholder, Han Yuyu, holds 31.81% of the shares, with 35,688,000 shares pledged[12] Expenses - Research and development expenses rose to CNY 13,407,862.13, marking a 35.76% increase due to increased investment in forward-looking product development[16] - The company reported a 110.54% increase in taxes payable, amounting to CNY 3,677,558.58, attributed to growth in sales revenue[16] - The company incurred financial expenses of CNY 284,105.71, with interest income reported at CNY 220,189.97[45] - The company paid CNY 52,091,164.82 in employee compensation, an increase from CNY 44,304,181.64 in the prior year[49] Investment Activities - The company has made an initial investment of CNY 5,834,000.00 in the Zhongyuan No. 2 Fund during the reporting period[16] - Cash inflow from investment activities totaled $153,034,313.91, up 16.3% from $131,565,853.95 in the previous period[54] - Net cash flow from investment activities improved to $25,719,855.70 from -$37,640,045.57 in the previous period[54] Other Financial Metrics - The company recorded an asset impairment loss of CNY 3,758,156.10, a significant increase of 984.39% due to higher provisions for bad debts[16] - The company has completed the implementation of its 2018 annual profit distribution plan, distributing CNY 2.00 per share in cash dividends[19] - The capital reserve increased to CNY 1,167,755,385.98 as of March 31, 2019, from CNY 1,165,493,014.67 at the end of 2018[38]