ELECSPN(SZ:002935)2019-04-24 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥40,847,928.89, representing a 23.29% increase compared to ¥33,131,170.27 in the same period last year[9]. - The net profit attributable to shareholders was -¥14,935,216.73, a 9.58% improvement from -¥16,518,122.91 year-over-year[9]. - The basic earnings per share decreased by 32.20% to -¥0.14 from -¥0.2065 in the same quarter last year[9]. - Net profit for the current period was -¥14,935,216.73, an improvement from -¥16,518,122.91 in the previous period, indicating a reduction in losses[47]. - Basic and diluted earnings per share were both -¥0.14, compared to -¥0.2065 in the previous period[49]. Cash Flow - The net cash flow from operating activities was -¥99,613,653.49, which is a 41.40% decline compared to -¥70,450,146.43 in the previous year[9]. - Cash inflow from operating activities totaled ¥58,102,552.26, down from ¥72,431,196.76 in the previous period[51]. - Cash outflow from operating activities was ¥157,716,205.75, an increase from ¥142,881,343.19 in the previous period[51]. - The net cash flow from operating activities was -$99.61 million, compared to -$70.45 million in the previous period[57]. - The net cash flow from investing activities was -$201.84 million, significantly down from -$3.46 million in the previous period[57]. - The total cash inflow from financing activities was $2.29 million, while the cash outflow was $1.38 million, resulting in a net cash flow of $0.92 million[60]. - The net increase in cash and cash equivalents was -$300.53 million, compared to -$113.59 million in the previous period[60]. - The ending cash and cash equivalents balance was $209.06 million, down from $509.59 million at the beginning of the period[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,477,575,472.60, a slight increase of 0.10% from ¥1,476,080,070.99 at the end of the previous year[9]. - Total liabilities rose to ¥309,609,229.44 from ¥293,178,611.10, reflecting an increase in current liabilities[40]. - The total equity attributable to shareholders of the parent company was ¥1,167,966,243.16, a slight decrease from ¥1,182,901,459.89[43]. - The total liabilities and equity amounted to ¥1,477,575,472.60, compared to ¥1,476,080,070.99 in the previous period[43]. Shareholder Information - The company reported a total of 15,379 common shareholders at the end of the reporting period[13]. - The largest shareholder, China Electronics Technology Group Corporation, holds 43.30% of the shares, totaling 46,188,680 shares[14]. Research and Development - Research and development expenses surged by 448.33% to ¥5,192,547.87, driven by increased spending on technology reserves and new product development[23]. - Research and development expenses increased significantly to ¥5,192,547.87 from ¥946,982.94, reflecting a growth of 448.5%[47]. Government Support and Income - The company received government subsidies amounting to ¥631,909.56 during the reporting period[9]. - The company received investment income of ¥1,113,698.64 from matured financial products, marking a significant increase from the previous year[23]. Other Financial Metrics - The weighted average return on net assets improved by 1.49% to -1.27% compared to -2.76% in the previous year[9]. - The company reported a 914.45% increase in taxes and surcharges to ¥9,840.13 due to higher VAT provisions[23]. - Total operating costs amounted to ¥57,538,827.59, up 14.4% from ¥50,315,302.76 in the previous period[44]. - The company reported a net cash inflow of ¥741,790.63 from other operating activities, compared to ¥315,365.26 in the previous period[54]. Audit Information - The company did not undergo an audit for the first quarter report[61].