科信技术(300565) - 2019 Q1 - 季度财报

Financial Performance - The company's total revenue for Q1 2019 was ¥46,217,953.13, a decrease of 63.56% compared to the same period last year[8]. - The net profit attributable to shareholders was -¥18,457,294.01, representing a decline of 327.89% year-over-year[8]. - The company reported a basic earnings per share of -¥0.09, down 325.00% from ¥0.04 in the same period last year[8]. - The weighted average return on equity was -2.49%, down from 1.08% in the same period last year[8]. - The company's net loss for Q1 2019 was not explicitly stated, but the significant drop in revenue and increase in costs indicate financial challenges[41]. - The total comprehensive income for Q1 2019 was -¥18,842,055.01, compared to ¥9,059,058.55 in the previous year, reflecting a substantial drop[48]. - The operating profit for Q1 2019 was -¥18,332,569.73, compared to ¥9,414,779.79 in the same period last year, showing a negative shift[44]. - The total profit for Q1 2019 was -¥18,279,028.80, compared to ¥9,412,989.89 in the same period last year, indicating a downward trend[44]. Cash Flow - The net cash flow from operating activities was -¥55,086,631.25, an improvement of 32.69% compared to the previous year[8]. - The net cash flow from operating activities was -55,086,631.25 CNY, compared to -81,837,709.93 CNY in the previous period, showing an improvement of approximately 32.6%[51]. - Total cash inflow from operating activities was 108,791,071.59 CNY, while cash outflow was 163,877,702.84 CNY, resulting in a net cash outflow of 55,086,631.25 CNY[51]. - The company’s cash flow from sales of goods and services was 80,231,689.26 CNY, down from 92,137,524.48 CNY in the previous period, indicating a decrease of about 12.9%[55]. - The company received 28,452,358.57 CNY in cash related to other operating activities, compared to 5,791,765.92 CNY in the previous period, reflecting an increase of approximately 391.5%[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥949,841,490.12, a decrease of 7.10% from the end of the previous year[8]. - As of March 31, 2019, the company's total assets amounted to CNY 949,841,490.12, a decrease from CNY 1,022,469,640.54 as of December 31, 2018, reflecting a decline of approximately 7.1%[32]. - The company's current assets totaled CNY 612,458,901.00, down from CNY 682,855,129.21 at the end of 2018, indicating a decrease of about 10.3%[33]. - Total liabilities decreased to CNY 249,166,997.43 from CNY 312,595,093.11, a reduction of 20.3%[39]. - The company's equity decreased to CNY 754,699,662.76 from CNY 761,725,883.69, a decline of 0.9%[40]. Revenue Decline Factors - The company attributed the revenue decline to reduced capital expenditures from major clients as 4G construction neared completion and 5G had not yet been widely commercialized[16]. - The company experienced a decline in operating income during the reporting period due to reduced capital investment from domestic telecom operators[23]. Expenses - Management expenses increased due to efforts to enhance core competitiveness and expand into international markets, leading to higher talent acquisition costs[16]. - Research and development expenses for Q1 2019 were CNY 6,960,804.47, slightly up from CNY 6,938,687.66, indicating continued investment in innovation[41]. - Financial expenses decreased by 106.05% compared to the same period last year, mainly due to an increase in interest income from bank deposits[18]. - Investment income decreased by 91.63% compared to the same period last year, primarily due to a reduction in returns from financial products[18]. Future Plans - The company will continue to focus on the ICT field, emphasizing breakthroughs in 5G, IoT, and IDC technologies, while pursuing infrastructure and industry application investments[17]. - The company plans to adjust the timeline for the marketing service system construction project to November 16, 2019, due to regulatory impacts on property purchases[23]. - The company plans to establish a national marketing headquarters in Shenzhen as part of its marketing service system construction project[24]. Shareholder Information - The company had a total of 19,995 common shareholders at the end of the reporting period[12]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[27]. - There were no violations regarding external guarantees during the reporting period[26].