浩丰科技(300419) - 2019 Q1 - 季度财报

Financial Performance - The total operating revenue for Q1 2019 was CNY 86,447,880.30, a decrease of 31.32% compared to the same period last year[7]. - The net profit attributable to shareholders was CNY 3,683,309.07, down 50.67% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 1,474,235.99, a decline of 75.83% compared to the previous year[7]. - The basic earnings per share decreased by 50.00% to CNY 0.01[7]. - The total profit for the period was CNY 3,750,100, a decrease of 51.81% year-on-year[19]. - Net profit decreased by 51.19% year-on-year, attributed to increased R&D expenses and a decline in operating revenue leading to reduced gross profit[21]. - Net profit for Q1 2019 was CNY 3,644,066.00, a decline of 51.1% compared to CNY 7,466,569.80 in Q1 2018[47]. - The company reported an operating profit of CNY 3,699,446.63, a decrease of 52.5% from CNY 7,790,113.86 in the same quarter last year[45]. - The total profit for Q1 2019 was CNY 3,750,058.50, down 51.9% from CNY 7,782,557.26 in Q1 2018[47]. Cash Flow - The net cash flow from operating activities improved by 46.15%, amounting to -CNY 31,823,180.93[7]. - Net cash flow from operating activities increased by 46.15% year-on-year, mainly due to a reduction in cash outflows from operating activities[21]. - The cash inflow from operating activities totaled ¥85,962,723.93, slightly up from ¥85,629,879.56 in the previous period, indicating a marginal increase of 0.39%[54]. - The cash outflow from operating activities was ¥117,785,904.86, down from ¥144,724,890.15, representing a decrease of 18.61%[54]. - The net cash flow from operating activities was -¥31,823,180.93, an improvement from -¥59,095,010.59, showing a reduction in losses by 46.16%[54]. - The cash inflow from investment activities was ¥302,766,966.60, compared to ¥249,052,929.97 in the previous period, reflecting an increase of 21.58%[55]. - The cash outflow from investment activities totaled ¥314,247,678.00, up from ¥249,284,126.32, indicating a rise of 25.99%[55]. - The net cash flow from investment activities was -¥11,480,711.40, worsening from -¥231,196.35, which shows a significant increase in losses[55]. - The company recorded a decrease in cash flow from operating activities, impacting liquidity and future investment capabilities[52]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,229,106,683.60, a decrease of 0.92% from the end of the previous year[7]. - Current assets totaled CNY 967,158,810.16, down from CNY 976,000,701.00, indicating a decrease of about 0.86%[37]. - Cash and cash equivalents decreased to CNY 414,480,817.95 from CNY 450,009,056.08, a decline of approximately 7.9%[37]. - Total liabilities decreased to CNY 378,458,653.55 from CNY 393,495,856.34, a reduction of about 3.8%[39]. - The company's equity increased slightly to CNY 850,648,030.05 from CNY 847,003,964.05, reflecting a growth of approximately 0.31%[40]. - The company's total liabilities decreased to CNY 347,411,631.14 from CNY 362,344,957.81, reflecting a reduction of 4.1%[45]. - Total equity as of Q1 2019 was CNY 806,035,119.04, slightly down from CNY 806,389,884.32 in the previous year[45]. Research and Development - The company reported a significant increase in R&D expenses, contributing to the decline in gross profit[18]. - R&D expenses increased by 33.55% compared to the same period last year, primarily due to increased investment in research and development[21]. - Research and development expenses increased to CNY 7,938,723.71, up 33.5% from CNY 5,944,411.38 year-over-year[45]. Risks and Management - The company faces risks related to product and technology development due to intense competition and rapid technological changes in the software and IT services industry[22]. - There is a risk of goodwill impairment due to the acquisition of 100% equity in subsidiaries, which may affect the company's financial performance if the acquired companies do not perform well[23]. - The company is committed to improving its management capabilities to adapt to the expanding scale and scope of its business operations[26]. - The company does not rely excessively on a single supplier, and changes among the top five suppliers are normal and based on business needs[20]. Investment Activities - The company is establishing a limited partnership for equity investment with a total scale of RMB 20.4 million, with the company contributing RMB 5 million[27]. - The company received ¥300,000,000.00 from investment recoveries, an increase from ¥247,000,000.00 in the previous period, marking a growth of 21.43%[54].