富春股份(300299) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥114,285,068.27, a decrease of 18.35% compared to ¥139,973,309.18 in the same period last year[10] - Net profit attributable to shareholders was ¥12,246,433.09, down 36.40% from ¥19,256,478.44 year-on-year[10] - Net profit excluding non-recurring gains and losses was ¥11,790,263.55, a decline of 36.57% compared to ¥18,589,078.47 in the previous year[10] - Basic earnings per share decreased by 33.33% to ¥0.02 from ¥0.03 year-on-year[10] - The total profit for the period was RMB 15.29 million, down 45.57% year-on-year[22] - The net profit attributable to shareholders was RMB 12.25 million, a decrease of 36.40% compared to the previous year[22] - Total operating revenue for Q1 2019 was CNY 114,285,068.27, a decrease of 18.5% compared to CNY 139,973,309.18 in the previous year[43] - Net profit for Q1 2019 was CNY 12,248,180.26, representing a decline of 36.4% from CNY 19,253,292.83 in Q1 2018[45] - The total comprehensive income for Q1 2019 was CNY 11,916,960.73, down from CNY 18,984,156.08 in the previous year[46] Cash Flow and Liquidity - Operating cash flow improved to -¥19,831,261.37, a 51.26% increase from -¥40,691,346.82 in the same period last year[10] - Cash and cash equivalents at the end of the period amounted to RMB 85.49 million, a decrease of 38.18% from the beginning of the period[21] - The company's cash and cash equivalents decreased to CNY 85,491,518.47 from CNY 138,284,833.53, a decline of approximately 38.2%[34] - Total cash inflow from operating activities was 94,824,400.37 CNY, down 21.1% from 120,147,091.38 CNY year-over-year[53] - Cash outflow from operating activities totaled 114,655,661.74 CNY, a decrease of 28.7% compared to 160,838,438.20 CNY in the previous year[53] - The ending cash and cash equivalents balance was ¥31.73 million, down from ¥37.83 million at the end of Q1 2018, a decrease of 16.1%[58] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,222,270,752.17, an increase of 1.00% from ¥2,200,228,667.94 at the end of the previous year[10] - The company's current assets decreased to CNY 848,662,072.69 from CNY 858,355,835.36, reflecting a decline of approximately 1.6%[34] - The total liabilities increased to CNY 957,235,682.20 from CNY 947,264,510.75, representing a rise of about 1.0%[36] - The company's total liabilities decreased to CNY 840,509,697.48 from CNY 859,184,396.10 year-over-year, a reduction of approximately 2.9%[42] - Total equity as of Q1 2019 was CNY 1,240,577,079.44, down from CNY 1,252,159,796.86 in the previous year, reflecting a decrease of about 0.9%[42] Operational Insights - The company achieved its operational goals for Q1 2019, with no significant adjustments to the annual business plan[23] - The company’s gaming business net profit declined due to industry policy adjustments and delays in game launch plans[22] - The company’s communication segment revenue showed steady growth during the reporting period[22] - The company is focusing on maintaining the lifecycle of its games through timely updates and market promotions to avoid rapid decline in revenue[26] - The company is investing in R&D to enhance its competitive edge in the gaming sector and is actively seeking quality IP[24] Risks and Compliance - The acquisition of Shanghai Junmeng and Moqi Kaka has created significant goodwill, posing a risk of impairment if their performance does not meet expectations[24] - The company is committed to complying with industry regulations and will proactively seek necessary approvals to minimize operational risks[25] - The company has established a risk control system for acquired companies to maximize post-merger value through strategic and cultural integration[24] - The company is addressing the risk of new game development failures by leveraging its deep understanding of the market and maintaining a leading position in technology trends[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,018[13] - The largest shareholder, Fujian Fuchun Investment Co., Ltd., held 17.24% of shares, amounting to 125,486,338 shares, with 124,473,500 shares pledged[14] Other Notable Points - The company reported non-recurring gains of ¥456,169.54 during the reporting period[11] - The company did not execute any new financial instruments, revenue standards, or leasing standards adjustments for the first quarter[59] - The Q1 report was not audited, indicating that the figures may be subject to change upon final review[59]