东杰智能(300486) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥102,405,232.37, an increase of 6.28% compared to ¥96,358,321.05 in the same period last year[8] - Net profit attributable to shareholders was ¥10,384,838.61, up 7.07% from ¥9,698,891.07 year-on-year[8] - The company achieved operating revenue of 102.41 million yuan, an increase of 6.28% compared to the same period last year[19] - Net profit attributable to shareholders was 10.38 million yuan, reflecting a year-on-year increase of 7.07%[19] - The company's operating profit for Q1 2019 was ¥8,375,122.13, an increase from ¥7,047,839.17 in the previous year, representing a growth of approximately 18.8%[51] - The net profit for Q1 2019 reached ¥8,425,615.14, compared to ¥6,402,483.05 in the same period last year, indicating a year-over-year increase of about 31.6%[51] Cash Flow - Net cash flow from operating activities improved significantly to ¥3,150,219.20, compared to a negative cash flow of ¥19,856,932.74 in the previous year, marking a 115.86% increase[8] - Cash flow from operating activities generated a net amount of ¥3,150,219.20, a significant recovery from a negative cash flow of ¥19,856,932.74 in the previous year[55] - Total cash inflow from operating activities was ¥124,029,852.98, up from ¥61,186,024.01 in the prior year, marking an increase of approximately 103.5%[55] - Operating cash inflow totaled CNY 86.76 million, up from CNY 60.80 million year-on-year, representing an increase of 42.7%[59] - Net cash flow from operating activities was CNY 15.72 million, a decrease of 8.5% compared to CNY 17.19 million in the previous year[59] - Cash outflow from investment activities amounted to CNY 45.83 million, significantly higher than CNY 23.05 million in the same period last year, indicating a 99.1% increase[59] - Net cash flow from financing activities reached CNY 220.44 million, reflecting a substantial increase as there was no financing activity reported in the previous year[60] - The total cash and cash equivalents at the end of the period stood at CNY 244.18 million, compared to CNY 15.10 million at the end of the previous year, marking a significant increase of 1,617.5%[60] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,168,455,341.68, reflecting a 10.09% increase from ¥1,969,722,322.58 at the end of the previous year[8] - Current assets increased to CNY 1,178,462,493.44 as of March 31, 2019, up from CNY 1,003,396,397.76 at the end of 2018, representing a growth of approximately 17.4%[36] - Total non-current assets reached CNY 989,992,848.24, up from CNY 966,325,924.82, showing a growth of approximately 2.4%[37] - Total liabilities decreased to CNY 846,262,857.20 from CNY 867,743,564.74, a reduction of approximately 2.8%[38] - The company's total liabilities amounted to CNY 614,253,348.87, slightly down from CNY 614,316,628.96 year-over-year[44] - Total equity increased to CNY 1,264,503,451.25, up from CNY 1,046,216,967.87, indicating a growth of 20.9%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,703[11] - The largest shareholder, Yao Buwen, held 24.14% of the shares, totaling 43,607,745 shares[11] Research and Development - Research and development expenses rose by 45.57%, attributed to the consolidation of Changzhou Haiden's financials[18] - Research and development expenses for Q1 2019 were CNY 7,032,238.94, a significant increase of 45.5% compared to CNY 4,830,799.11 in the previous year[45] Risks and Management - The company faces risks related to industry fluctuations and potential order delays, which could impact future performance[22] - The company has implemented measures to manage accounts receivable risks, including monitoring payment schedules and customer acceptance[24] - Inventory levels are expected to remain high due to the long production and acceptance cycles of products, posing potential financial risks[24] - The company emphasizes the importance of maintaining a stable core technology team to mitigate risks associated with talent competition in the rapidly evolving industry[25] - The company is committed to continuous technological innovation as a core competitive advantage, despite potential risks of technology obsolescence[25] - Rapid expansion of the company's assets and business requires enhanced management capabilities to avoid strategic and operational challenges[25] Government Support - The company received government subsidies amounting to ¥880,000.00 during the reporting period[9] - Other income increased by 400.41%, primarily from government subsidies received during the reporting period[18] Financial Practices - The company has not changed the use of raised funds, with a total of 0 million yuan allocated for investment projects[29] - The company plans to use 150 million yuan of idle raised funds temporarily to supplement working capital, with a repayment period not exceeding 12 months[30] - The company has not experienced any violations regarding external guarantees during the reporting period[31] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[32] - The company has not reported any changes in the feasibility of investment projects or significant changes in expected benefits[29] - The company has not reported any changes in the implementation methods of fundraising investment projects[30] - The company has not experienced any unutilized raised funds, which are all stored in a dedicated account[30] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[61] - There were no adjustments made to the financial statements due to the adoption of new financial standards, indicating stability in reporting practices[61]