正业科技(300410) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was CNY 246,225,339.41, a decrease of 2.54% compared to CNY 252,650,452.70 in the same period last year[8] - Net profit attributable to shareholders was CNY 18,711,181.08, down 37.63% from CNY 29,999,272.82 year-on-year[8] - Basic earnings per share decreased by 33.33% to CNY 0.10 from CNY 0.15 in the same period last year[8] - The company reported a total of CNY 2,039.53 million in surplus funds to be permanently supplemented into working capital[31] - The total comprehensive income for Q1 2019 was CNY 19,402,266.44, a decline of 33.9% from CNY 29,293,990.44 in the previous year[49] - The total profit for Q1 2019 was CNY 23,823,016.54, down 30.2% from CNY 34,095,114.28 in Q1 2018[48] Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 64,277,062.90, representing a decline of 77.50% compared to negative CNY 36,211,917.17 in the previous year[8] - Cash and cash equivalents decreased by 31.82% to ¥228.28 million due to payments for construction projects, supplier payments, and tax payments[16] - The company's operating cash flow for Q1 2019 was negative CNY 64,277,062.90, worsening from negative CNY 36,211,917.17 in Q1 2018[56] - The total cash and cash equivalents at the end of the period were 49,907,560.54 yuan, compared to 35,468,328.99 yuan in the previous period, showing an increase in liquidity[61] - The cash flow from sales of goods and services was 99,144,970.66 yuan, down from 111,783,467.95 yuan in the previous period, indicating a decline in revenue generation[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,093,269,689.18, down 3.57% from CNY 3,207,897,178.01 at the end of the previous year[8] - Total liabilities decreased to CNY 603,499,550.86 from CNY 665,900,966.36, indicating improved financial health[44] - Short-term borrowings rose to CNY 321,563,096.50 from CNY 280,687,189.50, an increase of about 14.58%[38] - The company reported an accounts receivable balance of ¥834.27 million, which poses a risk of bad debts affecting cash flow and operational efficiency[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,690[12] - The largest shareholder, Dongguan Zhengye Industrial Investment Co., Ltd., held 44.95% of the shares[12] - The controlling shareholder has pledged 78.83% of their shares, reducing the pledge rate from 99.26% to 78.83%[21] - A cash dividend of RMB 4.2 per 10 shares will be distributed to all shareholders, along with a capital reserve conversion of 9.5 shares for every 10 shares held[23] Research and Development - Research and development expenses increased to CNY 23,130,907.49, up from CNY 18,797,312.28, indicating a focus on innovation[46] - The company is focusing on "smart manufacturing" and executing its "optical detection automation" development strategy, despite a decline in revenue due to seasonal factors and delayed large order settlements[19] Investment and Projects - The PCB precision processing equipment R&D project has achieved 100% completion with an investment of RMB 8,150 million[29] - The electronic board auxiliary materials production project also reached 100% completion with an investment of RMB 4,120 million[29] - The company has committed to invest RMB 5,000 million in the lithium battery PACK automatic assembly production line project, which is currently 100% complete[29] Other Financial Metrics - The company incurred a financial expense of CNY 1,939,206.11 in Q1 2019, a decrease from CNY 2,734,527.48 in the same period last year[51] - The company received CNY 3,203,015.74 in tax refunds during Q1 2019, significantly higher than CNY 518,255.96 in Q1 2018[56] - The company reported an asset disposal gain of CNY 61,824.25 in Q1 2019, compared to a loss in the previous year[48]