永贵电器(300351) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥240,663,970.62, a decrease of 13.43% compared to ¥278,002,526.12 in the same period last year[10] - Net profit attributable to shareholders was ¥24,481,090.99, down 50.20% from ¥49,154,852.48 year-on-year[10] - Basic earnings per share decreased by 53.85% to ¥0.06 from ¥0.13 in the same period last year[10] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was ¥16,758,313.34, down 60.94% from ¥42,907,028.32 year-on-year[10] - The company reported a net loss of -73,435,998.14, improving from a loss of -97,285,304.35 in the previous period[57] - Net profit fell to ¥20,971,080.66 compared to ¥45,643,509.75 in the previous period, a decline of approximately 54.0%[64] - Operating profit decreased to ¥25,269,650.52 from ¥54,020,291.90, reflecting a drop of around 53.2%[61] - The company reported a profit before tax of ¥25,340,135.09, down from ¥53,927,661.34, a decrease of about 53.0%[64] Cash Flow - Net cash flow from operating activities was -¥52,742,197.65, a significant decline of 3,909.87% compared to ¥1,384,356.55 in the previous year[10] - Operating cash inflow for the current period was CNY 339,141,220.81, an increase from CNY 317,711,912.56 in the previous period, reflecting a growth of approximately 6.7%[73] - Operating cash outflow for the current period was CNY 391,883,418.46, compared to CNY 316,327,556.01 in the previous period, resulting in a significant increase of about 23.9%[73] - The net cash flow from operating activities was negative at CNY -52,742,197.65, a decline from a positive CNY 1,384,356.55 in the previous period[73] - The company reported a net cash flow from financing activities of CNY 12,824.56, a recovery from a negative CNY -14,905,576.13 in the previous period[76] - The cash inflow from operating activities for the parent company was CNY 79,704,212.14, compared to CNY 51,436,281.75 in the previous period, reflecting an increase of approximately 55%[78] - The net cash flow from investment activities for the parent company was CNY 121,867,857.75, a significant improvement from a negative CNY -14,636,793.33 in the previous period[78] - The net increase in cash and cash equivalents for the parent company was CNY 106,086,658.25, contrasting with a decrease of CNY -21,261,216.71 in the previous period[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,809,786,534.43, down 2.76% from ¥2,889,390,851.47 at the end of the previous year[10] - Total current assets as of March 31, 2019, is 1,675,232,873.07, a decrease from 1,739,856,344.34 on December 31, 2018[44] - Total liabilities include accounts payable of 295,315,978.96, down from 355,694,094.01 year-over-year[46] - Total liabilities decreased from 494,026,924.93 to 393,475,547.84, a reduction of approximately 20.3%[49] - Current liabilities totaled 356,899,018.23, down from 456,427,018.46, indicating a decrease of about 21.8%[49] - Total equity increased from 2,395,363,926.54 to 2,416,310,986.59, reflecting a growth of approximately 0.9%[49] - The total owner's equity attributable to the parent company increased from 2,325,036,599.91 to 2,349,517,690.90, an increase of about 1.0%[49] Research and Development - R&D expenses increased by 32.13% year-on-year to 21.12 million yuan, reflecting the company's strengthened efforts in new product development[26] - Research and development expenses increased to ¥21,121,732.78 from ¥15,985,101.01, marking a rise of approximately 32.5%[61] - The company plans to accelerate innovation and strengthen market expansion in new fields such as new energy electric vehicles and military applications[26] Shareholder Information - The top ten shareholders hold a combined 60.67% of the company's shares, with the largest shareholder holding 15.71%[15] - The top five suppliers accounted for 26.86% of total procurement, with a total procurement amount of 39.42 million yuan, up from 15.28% the previous year[31] - The top five customers contributed 17.56% of total sales, with a total sales amount of 42.26 million yuan, down from 24.69% the previous year[32] Investment Activities - Investment activity cash outflow decreased by 66.34% to 695.97 million yuan, primarily due to a reduction in bank financial product purchases[23] - The cash payment for the acquisition of Yiteng Electronics was 41,720 million, fully utilized at 100%[36] - The optical connector construction project has an adjusted investment total of 25,000 million, with 17,000 million planned and 17.09% of the investment progress achieved[36] - The domestic strategic layout project for new energy and automobiles has an adjusted investment total of 8,000 million, with 7.68% of the investment progress achieved[36] Other Information - The company has not made any adjustments or restatements to previous accounting data[10] - The company holds 330 patents, including 61 invention patents, 225 utility model patents, and 44 design patents[27] - Total amount of raised funds is 82,718.87 million, with 9.67% of the funds redirected for other uses[36] - The first quarter report for 2019 was not audited[92]