SACA(SZ:300464)2019-04-24 16:00Financial Performance - Total revenue for Q1 2019 reached ¥673,678,252.12, a significant increase of 557.66% compared to ¥102,435,127.87 in the same period last year[8] - Net profit attributable to shareholders was ¥20,212,211.17, a turnaround from a loss of ¥8,180,781.67 in the previous year, representing a change of -347.07%[8] - The net profit after deducting non-recurring gains and losses was ¥17,627,429.59, improving from a loss of ¥11,840,716.87, a change of -248.87%[8] - Basic earnings per share increased to ¥0.0978 from -¥0.0393, reflecting a change of -348.85%[8] - The company achieved operating revenue of CNY 673.68 million, a year-on-year increase of 557.66%[20] - Net profit reached CNY 19.70 million, an increase of CNY 27.88 million compared to the previous year[20] - The total profit for Q1 2019 was CNY 26,456,656.55, compared to a total loss of CNY 12,279,578.62 in the same period last year[43] - The total comprehensive income for Q1 2019 was CNY 19,699,391.74, compared to a comprehensive loss of CNY 8,180,781.67 in the same period last year[43] Cash Flow and Assets - The net cash flow from operating activities was -¥36,934,713.13, worsening by 67.40% from -¥18,795,678.15 in the previous year[8] - The company's cash and cash equivalents decreased to 174,567,985.95 RMB from 238,851,297.47 RMB at the end of 2018[31] - The total cash and cash equivalents at the end of the period were 143,820,040.91 CNY, down from 211,324,499.00 CNY at the beginning of the period[51] - The total liabilities decreased to CNY 1,442,116,499.24 from CNY 2,383,176,917.08, indicating a reduction of about 39.4%[34] - The total assets at the end of the reporting period were ¥2,870,274,697.62, a decrease of 1.18% from ¥2,904,581,396.81 at the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,792[12] - The total number of unrestricted shares held by the top 10 shareholders is 105,725,000 shares, representing 1.18% of the total shares[13] - The company has multiple shareholders with significant holdings, including Guangdong Xingye Investment Co., Ltd. with 105,725,000 shares and Sun Valley E-Commerce (HK) Limited with 9,959,820 shares[15] - The company’s shareholder structure indicates a concentration of ownership among a few key investors[15] Research and Development - Research and development expenses totaled CNY 20.45 million, accounting for 3.04% of operating revenue[20] - The company signed 25 R&D projects during the reporting period, with 16 new projects initiated and 45 new patents applied for[20] - Research and development expenses for the first quarter were CNY 13,508,086.72, up from CNY 1,895,383.41, indicating an increase of approximately 612.5%[40] Acquisitions and Investments - The company completed the acquisition of Shenzhen Zebao Innovation Technology Co., Ltd. in December 2018, contributing to the profit increase in the reporting period[20] - The company completed the acquisition of 100% equity in Shenzhen Zebao Innovation Technology Co., Ltd., enhancing its international and diversified development strategy[22] - The company plans to acquire 100% equity of Hong Kong Xinye Investment Co., Ltd. for 17,019.76 million RMB, which constitutes a related party transaction[24] Operating Costs and Expenses - Operating costs increased by 258.03% to CNY 362.65 million, primarily due to the expanded scope of consolidation[18] - The company reported a significant increase in sales expenses, which rose by 5966.55% to CNY 222.62 million[18] - The total operating costs for the first quarter of 2019 were CNY 650,458,379.60, compared to CNY 119,273,523.20 in the previous year, indicating an increase of about 445.5%[40] Financial Position - The total equity attributable to shareholders increased to CNY 1,419,241,302.56 from CNY 510,853,411.16, representing a growth of approximately 177.5%[34] - The company reported a significant reduction in other payables, which decreased to CNY 642,480,581.75 from CNY 1,544,404,075.25, a decline of about 58.4%[34] - The company's goodwill as of March 31, 2019, was 1,011,160,014.33 RMB, slightly down from 1,015,174,241.61 RMB at the end of 2018[32]