博晖创新(300318) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥134,580,507.88, an increase of 4.62% compared to ¥128,637,899.74 in the same period last year[8] - Net profit attributable to shareholders was -¥6,281,688.10, a decrease of 183.42% from ¥7,530,601.21 in the previous year[8] - Basic earnings per share decreased by 183.70% to -¥0.0077 from ¥0.0092 in the same period last year[8] - Operating income increased by 4.62% year-on-year, with the parent company benefiting from an 18% increase in microfluidic product revenue[23] - The company reported a net operating loss of CNY -3,311,283.65 for Q1 2019, compared to a profit of CNY 10,316,428.21 in the previous year[41] - The net profit for Q1 2019 was a loss of CNY 4,365,383.99, compared to a profit of CNY 8,326,652.67 in Q1 2018, indicating a significant decline[43] - The total comprehensive income for Q1 2019 was a loss of CNY 5,010,249.33, compared to a gain of CNY 7,149,405.62 in Q1 2018[43] Cash Flow - Net cash flow from operating activities was -¥46,907,435.82, a decline of 27.37% compared to -¥36,828,618.07 in the previous year[8] - Cash flow from operating activities related to other payments increased by 59.56% year-on-year, attributed to higher sales and R&D expenses[21] - The operating cash flow for Q1 2019 was a net outflow of CNY 46,907,435.82, worsening from a net outflow of CNY 36,828,618.07 in the same period last year[50] - The net cash flow from operating activities was -20,815,200.73 RMB, compared to -6,609,913.82 RMB in the previous period, indicating a significant decline in operational cash flow[53] - The company received cash inflows from financing activities totaling 124,285,772.43 RMB, while cash outflows were 71,305,715.68 RMB, resulting in a net cash flow of 52,980,056.75 RMB from financing activities[51] - Cash inflows from investment activities were 23,000,000.00 RMB, while cash outflows were 37,493,636.90 RMB, leading to a net cash flow of -14,493,636.90 RMB from investment activities[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,747,072,246.19, an increase of 1.28% from ¥2,712,341,755.90 at the end of the previous year[8] - Total liabilities increased to CNY 1,031,430,007.15 in Q1 2019 from CNY 980,172,142.99 in the previous year, marking an increase of approximately 5.2%[40] - The company's total equity as of March 31, 2019, was CNY 1,625,734,396.21, slightly up from CNY 1,625,617,866.41 at the end of 2018[40] - The company’s total assets amounted to CNY 2.747 billion as of March 31, 2019, compared to CNY 2.712 billion at the end of 2018[34] - Total current assets amounted to CNY 675,172,919.44, with cash and cash equivalents at CNY 28,721,506.86[61] - Total non-current assets reached CNY 1,930,617,089.96, including long-term equity investments of CNY 1,511,338,284.19[61] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,892[12] - The company has not conducted an audit for the first quarter report, which may affect the reliability of the financial data presented[63] Operational Costs and Expenses - Total operating costs for Q1 2019 were CNY 138,047,954.69, up from CNY 118,503,228.43, indicating an increase of about 16.5% year-over-year[41] - Research and development expenses for Q1 2019 were CNY 13,196,333.60, compared to CNY 10,453,698.14 in the same period last year, indicating an increase of about 26.4%[41] - The company reported a decrease in income tax expenses by CNY 1.2772 million, a reduction of 57.38%, due to a decrease in total profit[20] - Financial expenses increased by CNY 2.2936 million, a growth of 62.17%, mainly due to increased interest expenses from bank loans and inter-company borrowings[20] - The company incurred financial expenses of CNY 3,876,400.23 in Q1 2019, compared to CNY 2,323,916.14 in Q1 2018, indicating increased borrowing costs[46] Other Financial Metrics - Other comprehensive income decreased by 782.47% year-on-year, primarily due to foreign currency translation adjustments[19] - Cash and cash equivalents increased to CNY 47,948,599.20 as of March 31, 2019, compared to CNY 28,721,506.86 at the end of 2018, reflecting a growth of approximately 67.2%[38] - The company reported sales revenue from goods and services of 42,863,089.85 RMB, an increase from 33,397,782.99 RMB in the previous period, representing a growth of approximately 28.5%[53] - The company reported other income of CNY 145,248.17 in Q1 2019, slightly down from CNY 152,707.91 in Q1 2018[46]