GQY视讯(300076) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥19,321,395.71, a decrease of 76.95% compared to ¥83,822,803.64 in the same period last year[7] - Net profit attributable to shareholders was -¥8,330,044.61, representing a decline of 122.50% from ¥37,026,801.80 year-on-year[7] - Net profit excluding non-recurring items was -¥13,249,927.44, a decrease of 721.85% compared to -¥1,612,212.06 in the previous year[7] - Basic and diluted earnings per share were both -¥0.02, down 122.22% from ¥0.09 in the previous year[7] - The company's operating revenue for the reporting period was CNY 19,321,395.71, a decrease of 76.95% compared to the previous year[17] - The net profit attributable to shareholders was CNY -8,330,044.61, representing a decline of 122.50% year-on-year[19] - The net profit for the current period is -¥8,330,044.61, compared to a net profit of ¥37,026,801.80 in the previous period, indicating a substantial loss[42] - Operating profit for the current period is -¥8,721,002.98, down from ¥41,429,804.92 in the previous period, reflecting a decline of over 120%[42] - The company’s total profit for the current period is -¥8,768,624.30, compared to ¥42,527,218.41 in the previous period, indicating a drastic decline[42] Cash Flow and Investment - Operating cash flow for the period was -¥16,175,835.33, an improvement of 33.39% from -¥24,284,163.70 in the same quarter last year[7] - The company reported a 31541.67% increase in cash received from investment recovery, totaling CNY 759,400,000.00, primarily from the maturity of bank wealth management products[18] - The net cash flow from operating activities was -16,175,835.33 CNY, an improvement from -24,284,163.70 CNY in the previous period, indicating a reduction in cash outflow[50] - Total cash inflow from investment activities reached 764,599,075.88 CNY, significantly higher than 3,193,947.80 CNY in the prior period, driven by a substantial recovery of investments[50] - The net cash flow from investment activities was 12,593,415.73 CNY, a turnaround from -39,958,074.41 CNY in the previous year, reflecting improved investment performance[51] - The company received 759,400,000.00 CNY from investment recoveries, a significant increase from 2,400,000.00 CNY in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,086,855,739.82, a decrease of 1.59% from ¥1,104,372,585.66 at the end of the previous year[7] - Total liabilities decreased by 50.14% to CNY 15,090,394.75, reflecting a reduction in procurement[17] - Total assets decreased from CNY 1,102,768,837.67 to CNY 1,086,855,739.82, a decline of approximately 1.5%[32] - Current liabilities decreased from CNY 90,115,922.53 to CNY 80,929,121.30, a reduction of about 10.5%[33] - Total equity decreased from CNY 1,009,362,915.14 to CNY 1,002,636,618.52, a decline of about 0.7%[34] Research and Development - Research and development expenses were CNY 2,477,475.17, down 36.54% from the previous year due to a reduction in R&D projects[17] - The company reported a decrease in research and development expenses to ¥2,477,475.17 from ¥3,904,268.54, a reduction of approximately 37%[40] - The company has decided not to further invest in the digital laboratory system project due to insufficient market demand and competition[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,736[11] - The largest shareholder, Ningbo Gaosi Investment Co., Ltd., held 29.72% of shares, amounting to 125,996,000 shares, which are currently pledged[11] Impairment and Provisions - The company recorded a 61.68% increase in asset impairment losses, amounting to CNY 2,957,400.65, primarily due to inventory impairment provisions[17] - The company experienced a significant increase in asset impairment losses, rising to ¥2,957,400.65 from ¥1,829,141.33, an increase of approximately 62%[40] - The company has fully recognized impairment losses for investments in JIBO and Meta, amounting to 140 million USD and 10 million USD respectively[24] - The company has recognized a total impairment provision of 65.92 million yuan for its investment in Meta[24] Other Financial Metrics - The total amount of prepayments decreased by 67.78% to CNY 1,347,639.36, mainly due to a reduction in procurement[17] - The company has not utilized any of the raised funds, which are currently held in a dedicated account[25] - The company reported a decrease in inventory from approximately 34.83 million yuan to 34.22 million yuan[31] - The company has a total of CNY 34,950,641.14 in inventory, indicating stable stock levels[60]