Yonker(SZ:300187)2019-04-25 16:00Financial Performance - Total revenue for Q1 2019 was CNY 155,137,969, representing a 6.63% increase compared to CNY 145,492,680 in the same period last year[7]. - Net profit attributable to shareholders decreased by 47.14% to CNY 9,166,059.61 from CNY 17,340,817.75 year-on-year[7]. - Net profit after deducting non-recurring gains and losses fell by 68.15% to CNY 4,595,738.50 compared to CNY 14,430,531.34 in the previous year[7]. - Basic earnings per share dropped by 46.82% to CNY 0.0142 from CNY 0.0267 year-on-year[7]. - The company achieved operating revenue of CNY 155,137,969, representing a year-on-year increase of 6.63%[21]. - The net profit attributable to shareholders was CNY 9,166,059.61, reflecting stable performance across various projects[21]. - The total comprehensive income attributable to the parent company is CNY 9,388,672.23, down 46.3% from CNY 17,486,033.38 in the previous period[53]. Cash Flow and Assets - Net cash flow from operating activities decreased by 76.65% to CNY 14,313,815.73 from CNY 61,291,369.83 in the same period last year[7]. - The company's cash and cash equivalents decreased by 12.23% from the beginning of the period, totaling ¥476,582,003.77[19]. - The company's current assets totaled CNY 1,648,200,803.50, down from CNY 1,752,735,535.00 at the end of 2018, indicating a decrease of about 6%[42]. - Cash and cash equivalents as of March 31, 2019, were CNY 408,242,110.13, slightly down from CNY 410,764,731.67 at the end of 2018[46]. - The ending balance of cash and cash equivalents is ¥299,637,463.05, down from ¥504,220,922.38, reflecting a decrease of 40.5%[65]. Liabilities and Equity - Total liabilities decreased to CNY 1,666,494,003.71 from CNY 1,794,004,993.50, reflecting a reduction of about 7.1%[43]. - The company's equity attributable to shareholders increased to CNY 1,448,660,685.56 from CNY 1,438,215,357.80, a growth of approximately 0.2%[44]. - The company has a short-term loan of ¥483,000,000.00 and accounts payable of ¥835,788,666.44, indicating a strong leverage position[68]. Research and Development - Research and development expenses surged by 79.56% to CNY 8,012,313.35, primarily due to increased personnel and key national R&D projects[21]. - Research and development expenses increased to CNY 8,012,313.35 in Q1 2019, compared to CNY 4,462,070.33 in Q1 2018, reflecting a growth of 79.9%[50]. Market and Industry Position - The company secured multiple projects in soil remediation, reinforcing its leading position in the industry[21]. - The implementation of the Soil Pollution Prevention Law has further opened up the soil remediation market, benefiting the company's operations[21]. - The company is facing increased competition in the environmental industry, particularly from state-owned enterprises, necessitating a focus on technological innovation and core competitiveness[26]. - There remains a significant opportunity in smaller cities, where over half have yet to establish waste incineration power generation projects and proper sludge disposal systems[23]. Commitments and Compliance - The company has fulfilled its commitments related to the major asset restructuring during the reporting period[30]. - The commitments made by the actual controller and shareholders regarding the major asset restructuring have been disclosed on December 29, 2017[30]. - The company has maintained compliance with all relevant commitments during the reporting period[30]. - The controlling shareholder, Hunan Yongqing Environmental Technology Industry Group Co., Ltd., has committed to avoid any competition with the company[31]. Future Outlook - The company has not provided any future performance guidance or outlook in this report[30]. - Future outlook and performance guidance are not mentioned in the report[72].