熙菱信息(300588) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥17,945,175.84, a decrease of 63.97% compared to ¥49,799,822.60 in the same period last year[8]. - Net profit attributable to shareholders was -¥18,159,405.34, worsening from -¥6,873,123.73 year-on-year[8]. - Basic and diluted earnings per share were both -¥0.1112, compared to -¥0.0421 in the same period last year[8]. - The company reported a net loss for Q1 2019 of -7,143,587.34 CNY, compared to -4,685,591.62 CNY in the same period last year, representing a year-over-year decline of approximately 52.3%[43]. - Operating profit for the quarter was -8,100,801.67 CNY, which is a decrease from -5,048,841.18 CNY in Q1 2018, indicating a worsening operational performance[43]. - The total comprehensive income for the quarter was -7,143,587.34 CNY, which is a decline from -4,685,591.62 CNY in the same period last year, indicating overall financial challenges[44]. Cash Flow and Liquidity - Net cash flow from operating activities improved to ¥12,325,555.96, compared to -¥70,871,803.72 in the previous year[8]. - The company received 116,946,243.25 CNY in cash from sales of goods and services, compared to 90,668,358.25 CNY in the same period last year, reflecting a growth of approximately 29%[46]. - Cash outflows for operating activities totaled 106,448,532.52 CNY, down from 170,378,001.39 CNY in Q1 2018, indicating improved cost management[47]. - Total cash and cash equivalents at the end of the quarter amounted to 132,080,560.12 CNY, up from 56,875,708.32 CNY at the end of the previous year[48]. - The cash and cash equivalents at the end of Q1 2019 were CNY 115,855,911.44, an increase of CNY 13,442,829.70 compared to the previous period[52]. Assets and Liabilities - Total assets decreased by 11.20% to ¥961,882,087.41 from ¥1,083,146,639.16 at the end of the previous year[8]. - Total current assets decreased from CNY 899,460,550.67 to CNY 768,513,314.35, a decline of approximately 14.5%[28]. - Total liabilities decreased from CNY 688,768,865.86 to CNY 581,150,059.90, representing a decline of approximately 15.6%[30]. - Owner's equity decreased from CNY 394,377,773.30 to CNY 380,732,027.51, a decrease of about 3.5%[31]. - Total current liabilities decreased from CNY 677,421,518.88 to CNY 570,403,089.80, a reduction of about 15.7%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,272[11]. - The largest shareholder, He Kaiwen, holds 33.00% of the shares, totaling 53,880,000 shares[11]. Research and Development - Research and development expenses for Q1 2019 amounted to 4.24 million yuan, a decrease of 70.75% year-on-year, mainly due to the capitalization of certain R&D expenses[16]. - The company completed significant R&D projects, including a general security integration platform and a vehicle big data analysis application platform, enhancing its product capabilities[18][19]. - The company's development expenditures increased to 12.96 million yuan, up 99.57% year-on-year, attributed to an increase in capitalized R&D projects[16]. Operational Insights - The company's operating revenue for Q1 2019 was 17.95 million yuan, a decrease of 63.97% compared to the same period last year, primarily due to seasonal business characteristics and a reduction in project deliveries[16]. - The top five suppliers accounted for 59.24% of total purchases in Q1 2019, an increase of 12.74% compared to the same period last year[20]. - The top five customers' revenue contribution to total operating revenue decreased to 32.05% in Q1 2019 from 74.83% in the same period last year, reflecting a reduction in revenue from the Xinjiang region[21]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥4,050.00 for the period[9]. - The company did not receive any government subsidies during the reporting period, resulting in a decrease in other income to zero, down 854.87 thousand yuan year-on-year[16]. - The company reported a financial income of CNY 3,238,745.08, up from CNY 2,669,516.53 year-on-year, an increase of 21.3%[37].