Goaland(SZ:300499)2019-04-25 16:00Financial Performance - Total revenue for Q1 2019 was CNY 161,527,339.56, representing a 43.04% increase compared to CNY 112,925,811.63 in the same period last year[7]. - Net profit attributable to shareholders was CNY 1,281,201.62, a significant turnaround from a net loss of CNY 8,258,946.23, marking a 115.51% improvement[7]. - Basic earnings per share increased to CNY 0.01 from a loss of CNY 0.07, reflecting a 114.29% increase[7]. - The company achieved operating revenue of CNY 161.53 million, representing a 43.04% increase compared to the same period last year[20]. - The net profit attributable to shareholders was CNY 1.28 million, marking a turnaround from a loss of CNY 8.26 million in the previous year, primarily due to increased sales and improved gross margins[17]. - The company reported a significant increase in other receivables by 77.83% to CNY 11.55 million, attributed to increased travel advances and bid deposits[15]. - The company reported a significant decrease in prepayments from CNY 77,725,035.94 to CNY 56,009,132.85, a drop of approximately 28.06%[47]. - The company achieved a comprehensive income total of CNY 1,254,451.02 in Q1 2019, compared to a comprehensive loss of CNY 8,317,560.28 in the same quarter last year[56]. - The company recorded other income of CNY 3,950,289.99 in Q1 2019, up from CNY 2,197,293.77 in the previous year[53]. - Operating profit for Q1 2019 was CNY 1,964,076.67, a turnaround from an operating loss of CNY 8,973,292.79 in Q1 2018[55]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 37.40%, with a net outflow of CNY 16,032,448.64 compared to CNY 25,610,812.51 in the previous year[7]. - Cash and cash equivalents decreased by 32.01% to CNY 149.10 million, mainly due to operational cash outflows[15]. - Operating cash inflow for the current period was CNY 141,747,387.43, a decrease from CNY 166,103,496.46 in the previous period, representing a decline of approximately 14.6%[60]. - Net cash outflow from operating activities was CNY -16,032,448.64, an improvement from CNY -25,610,812.51 in the previous period, indicating a reduction in losses by approximately 37.5%[62]. - Cash flow from investing activities resulted in a net outflow of CNY -4,692,524.85, compared to CNY -8,215,525.88 in the previous period, showing a decrease in investment losses by approximately 42.5%[63]. - Cash flow from financing activities showed a net outflow of CNY -12,529,947.87, a significant increase in losses compared to CNY -373,213.22 in the previous period[63]. - The ending balance of cash and cash equivalents was CNY 134,099,405.88, down from CNY 105,228,934.24 in the previous period, reflecting a decrease of approximately 27.4%[63]. - Total cash outflow from operating activities was CNY 157,779,836.07, down from CNY 191,714,308.97 in the previous period, indicating a reduction of approximately 17.7%[62]. - Cash inflow from sales of goods and services was CNY 138,910,090.38, compared to CNY 162,112,925.57 in the previous period, a decrease of approximately 14.3%[60]. - Cash paid for purchasing goods and services was CNY 92,719,771.33, down from CNY 114,892,352.04 in the previous period, representing a decline of approximately 19.3%[60]. - Cash received from tax refunds was CNY 1,158,395.66, an increase from CNY 844,382.14 in the previous period, reflecting a growth of approximately 37.1%[60]. - Cash flow from financing activities included cash received from borrowings of CNY 38,614,000.00, a decrease from CNY 106,201,280.00 in the previous period, indicating a decline of approximately 63.7%[63]. Assets and Liabilities - Total assets decreased by 7.38% to CNY 1,183,622,954.60 from CNY 1,277,880,104.97 at the end of the previous year[7]. - Current liabilities decreased from CNY 553,928,406.20 to CNY 455,359,116.77, a reduction of about 17.76%[47]. - Total liabilities decreased from CNY 595,015,526.40 to CNY 494,861,388.51, a decline of about 16.77%[47]. - Owner's equity increased from CNY 682,864,578.57 to CNY 688,761,566.09, an increase of approximately 0.13%[48]. - Long-term investments slightly decreased from CNY 16,066,550.77 to CNY 15,652,128.49, a decline of about 2.58%[46]. - The total non-current assets decreased from CNY 348,572,642.78 to CNY 343,441,757.84, a decline of about 1.03%[46]. - Inventory decreased from CNY 148,708,523.40 to CNY 107,862,799.61, a reduction of approximately 27.48%[50]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,778[10]. - The largest shareholder, Li Qi, holds 19.89% of the shares, amounting to 24,661,136 shares, with 18,495,852 shares pledged[10]. - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[11]. - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[36]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[41]. - The company has not experienced any significant changes in project feasibility or expected benefits[39]. - There were no changes in the use of raised funds, with a total of CNY 0 for both the current and cumulative changes[38]. - The company has no violations regarding external guarantees during the reporting period[40]. Research and Development - Research and development expenses for Q1 2019 were CNY 9,893,440.35, a decrease of 8.8% from CNY 10,844,451.52 in Q1 2018[53]. - The company plans to enhance its R&D investment to maintain its technological leadership and improve product quality[34]. - The company obtained 2 invention patents and 1 utility model patent during the reporting period[25]. Market and Competition - The company has made significant progress in expanding its market for pure water cooling equipment in new fields such as offshore wind power and nuclear energy[24]. - The company achieved recognition for its high-voltage direct current cooling equipment, which was deemed to meet international advanced technology standards[25]. - The company faces risks related to large accounts receivable, which may lead to financial pressure and operational risks if customer performance declines[29]. - The company’s gross profit margin is at risk of decline due to increased competition in the industry[30]. - The company is actively expanding its international market presence, collaborating with major firms like GE and ABB[33].