AIM(SZ:300446)2019-04-22 16:00Financial Performance - Total operating revenue for Q1 2019 was ¥72,578,647.24, an increase of 3.70% compared to ¥69,991,328.31 in the same period last year[8]. - Net profit attributable to shareholders was ¥29,928,798.89, a decrease of 2.02% from ¥30,544,650.41 year-on-year[8]. - Net profit excluding non-recurring gains and losses was ¥28,975,704.89, up by 5.49% from ¥27,467,641.07 in the previous year[8]. - Basic earnings per share for Q1 2019 were ¥0.2437, a decrease of 2.01% from ¥0.2487 in the same period last year[8]. - The weighted average return on equity was 4.72%, down from 5.27% in the previous year[8]. - The company reported a net profit of 20 million RMB for Q1 2019, representing a 15% increase year-over-year[56]. - The company expects a revenue growth of 10% for the next quarter, projecting total revenue to reach 200 million RMB[56]. - The total profit before tax was ¥35,210,354.99, compared to ¥35,934,882.84, showing a decrease of approximately 2%[132]. - The total comprehensive income for the period was 29,928,777.49, compared to 30,544,650.41 in the previous period, showing a decrease of around 2%[143]. Cash Flow - Net cash flow from operating activities was ¥8,112,469.22, down 34.69% from ¥12,420,584.14 in the same period last year[8]. - The company's cash flow from operating activities decreased by 34.69%, amounting to 8.11 million yuan, mainly due to higher cash payments for raw materials[25]. - Cash inflow from operating activities totaled 58,902,655.35, slightly down from 59,764,117.25 in the previous period[148]. - Cash outflow from operating activities was 50,790,186.13, compared to 47,343,533.11 in the previous period, representing an increase of approximately 7%[148]. - The net cash flow from investment activities was -8,595,619.90, an improvement from -11,083,939.19 in the previous period[150]. - The cash and cash equivalents at the end of the period were 14,440,258.13, down from 22,857,461.84 in the previous period, indicating a decrease of about 37%[150]. Assets and Liabilities - Total assets at the end of the reporting period were ¥694,387,792.32, an increase of 4.73% from ¥663,031,717.81 at the end of the previous year[8]. - Total current assets increased to ¥512,274,236.35 as of March 31, 2019, up from ¥491,181,870.69 at the end of 2018, representing a growth of approximately 4.4%[109]. - Total liabilities increased to ¥45,639,964.78 from ¥44,212,698.20, representing a rise of about 3.2%[115]. - Owner's equity rose to ¥648,747,827.54, up from ¥618,819,019.61, indicating an increase of approximately 4.8%[118]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,706, with the largest shareholder, China Lucky Group, holding 30.61%[12]. - A total of 1,005,750 shares, accounting for 1.64% of the total share capital, will be voluntarily locked up for 36 months from the date of listing[78]. - After the lock-up period, shareholders are restricted to transferring no more than 25% of their total shares each year during their tenure[79]. - The company has committed to maintaining a cash dividend payout ratio of at least 20% of its distributable profits for the next three years[56]. Strategic Initiatives - The company plans to expand into new material products, including information anti-counterfeiting materials and electronic functional materials, to enhance its competitive edge[34]. - The company is actively working to mitigate the impact of the EMV migration policy on its magnetic stripe product demand by exploring new application areas[33]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next two years[56]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 40%[56]. - Research and development expenses increased by 12% to support innovation and product enhancement initiatives[56]. Compliance and Governance - All directors and senior management have confirmed that the prospectus does not contain false records or misleading statements, and they will bear compensation responsibilities if any losses occur due to such issues[87]. - The company will publicly explain any failure to fulfill commitments made in the prospectus and apologize to shareholders and the public[90]. - The company will accept supervision from social and regulatory bodies and will correct any issues in a timely manner[75]. - The company has committed to using raised funds in accordance with the outlined plans, ensuring transparency and accountability[93].