ENJOYOR(SZ:300020)2019-04-18 16:00Financial Performance - Total revenue for Q1 2019 was CNY 558,652,448.46, an increase of 15.86% compared to CNY 482,188,187.28 in the same period last year[7]. - Net profit attributable to shareholders was CNY 60,141,193.91, up 12.20% from CNY 53,603,110.69 year-on-year[7]. - Net profit excluding non-recurring gains and losses was CNY 57,272,426.29, reflecting a 9.98% increase from CNY 52,076,383.77 in the previous year[7]. - Basic earnings per share increased to CNY 0.09, a rise of 12.50% from CNY 0.08 in the same period last year[7]. - The company achieved operating revenue of RMB 558.65 million, representing a year-on-year growth of 15.86%[20]. - Net profit attributable to shareholders reached RMB 60.14 million, an increase of 12.20% compared to the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 57.27 million, up by 9.98% year-on-year[20]. - The company reported a total comprehensive income of CNY 82,302,602.29 for Q1 2019, slightly down from CNY 85,063,938.50 in Q1 2018[81]. - The total profit for the quarter was 94,764,727.26 CNY, compared to 80,059,431.77 CNY in the same period last year, representing an increase of about 18.4%[84]. - The net profit for the quarter reached 79,930,229.52 CNY, up from 71,418,418.72 CNY, indicating a growth of approximately 11.5%[84]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,124,286,806.83, a 0.75% increase from CNY 6,078,445,611.21 at the end of the previous year[7]. - The company's total assets increased from ¥6,078,445,611.21 to ¥6,124,286,806.83, showing a growth of about 0.75%[70]. - The total liabilities decreased from ¥2,802,675,218.42 to ¥2,763,986,854.42, a reduction of approximately 1.4%[71]. - The company's total liabilities as of Q1 2019 were CNY 3,055,596,667.19, slightly down from CNY 3,067,512,713.86 in the previous year[77]. - The equity attributable to shareholders rose from ¥3,232,269,575.73 to ¥3,317,325,097.68, an increase of approximately 2.6%[72]. Cash Flow - The net cash flow from operating activities was negative CNY 528,426,248.00, a decline of 140.87% compared to negative CNY 219,383,953.13 in the same period last year[7]. - The cash flow from operating activities was significantly negative, highlighting potential liquidity challenges[92]. - The company reported a total cash outflow of 1,171,652,511.64 CNY from operating activities, up from 833,937,887.08 CNY in the previous year[92]. - The cash and cash equivalents at the end of the period were 276,030,485.07 CNY, a decrease from 817,419,966.81 CNY year-over-year[89]. - The company's cash and cash equivalents decreased significantly from ¥679,042,807.14 on December 31, 2018, to ¥327,156,292.27 on March 31, 2019, representing a decline of about 51.8%[69]. - The cash inflow from borrowing was 690,000,000.00 CNY, compared to 240,000,000.00 CNY in the previous year, indicating increased reliance on debt financing[93]. Investments and Projects - The company signed strategic cooperation agreements with 33 local governments, establishing strategic package cooperation relationships[20]. - The total investment for the "Sky Net" project in Zhangqiu City is RMB 95.98 million, with the project implementation completed during the reporting period[21]. - The company has completed payments totaling 320 million RMB related to the purchase of properties in the China Smart Valley project[33]. - The company has invested 8,007.63 million yuan, or 100.10% of the planned investment, in the smart system engineering project, which is now completed[41]. - The digital healthcare key technology development project has seen an investment of 4,124.09 million yuan, achieving 103.10% of its planned investment[41]. - The urban intelligent traffic control system project has reached an investment of 3,588.55 million yuan, which is 102.53% of the planned amount[42]. Risk Management - The company faces policy risks due to its close relationship with national macroeconomic conditions, which directly affect its main business and clients[24]. - To mitigate risks from industry concentration, the company is increasing investments in various related segments and selecting high-quality clients[24]. - The company is closely monitoring national policies related to smart city construction to mitigate risks associated with project delays and funding issues[26]. - The company adopts a cautious investment strategy in mergers and acquisitions, conducting thorough due diligence to minimize legal risks[27]. - The company is focusing on optimizing its business model by balancing existing and new business segments to reduce risks associated with innovation[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,745[10]. - The largest shareholder, Silver River Technology Group Co., Ltd., held 27.02% of the shares, totaling 177,166,505 shares[10]. Fundraising and Utilization - The company reported a total fundraising amount of 36,222 million yuan from its initial public offering, with 36,808.02 million yuan utilized to date, indicating a utilization rate of approximately 101.6%[38]. - As of the report date, 3,826 million yuan, or 10.56% of the total fundraising, remains unutilized[38]. - The company has not completed its performance commitments for the years 2013, 2014, and 2015, which were set at 50 million yuan, 57.5 million yuan, and 66.13 million yuan respectively, leading to compensation obligations[34]. - The company has not encountered any issues in the disclosure of the use of raised funds[52]. - There were no changes in the use of raised funds during the reporting period, and no funds were left unused[46].