中达安(300635) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥93,394,086.80, a decrease of 10.39% compared to ¥104,218,421.87 in the same period last year[8] - Net profit attributable to shareholders was ¥8,059,018.77, down 35.51% from ¥12,496,119.13 year-on-year[8] - Net profit excluding non-recurring items was ¥7,584,047.38, reflecting a decline of 39.30% from ¥12,494,430.28 in the previous year[8] - Basic earnings per share decreased by 35.83% to ¥0.0591 from ¥0.0921 in the same period last year[8] - The weighted average return on equity was 1.24%, down from 2.07% year-on-year, a decrease of 0.83%[8] - Total operating revenue for Q1 2019 was CNY 93,394,086.80, a decrease of 10.5% compared to CNY 104,218,421.87 in the previous period[51] - Net profit for Q1 2019 was CNY 9,980,160.78, a decline of 32.5% from CNY 14,813,028.44 in the previous period[53] - Basic earnings per share for Q1 2019 were CNY 0.0591, compared to CNY 0.0921 in the previous period[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,037,010,973.06, an increase of 3.67% from ¥1,000,271,716.61 at the end of the previous year[8] - Total current assets decreased to ¥793,544,560.15 from ¥815,501,112.79, a decline of approximately 2.9%[43] - Accounts receivable increased to ¥600,095,081.08 from ¥558,175,196.57, representing an increase of about 7.5%[42] - Non-current assets rose to ¥243,466,412.91 from ¥184,770,603.82, marking an increase of approximately 31.7%[43] - Total liabilities increased to ¥423,272,454.67 from ¥327,245,829.30, an increase of approximately 29.3%[44] - Total equity decreased to ¥613,738,518.39 from ¥673,025,887.31, a decline of about 8.8%[45] - Cash and cash equivalents decreased to ¥145,107,722.79 from ¥236,538,247.62, a drop of approximately 38.6%[42] Cash Flow - The net cash flow from operating activities improved by 9.23%, reaching -¥22,297,147.27 compared to -¥24,563,646.68 in the same period last year[8] - The company reported a net cash flow from investment activities of -61,665,524.55, a decrease of 585.93% compared to the previous year[17] - The net cash flow from operating activities was -22,297,147.27 CNY, showing a slight improvement from -24,563,646.68 CNY in the previous period[61] - Investment activities resulted in a net cash outflow of -61,665,524.55 CNY, a significant decrease from a net inflow of 12,690,168.80 CNY in the previous period[62] - The financing activities generated a net cash outflow of -7,146,759.46 CNY, compared to -154,855.58 CNY in the previous period[62] Research and Development - Research and development expenses increased to 6,954,373.08, a significant rise of 767.61% compared to the previous year[17] - Research and development expenses for Q1 2019 were CNY 6,954,373.08, significantly higher than CNY 801,551.77 in the previous period, indicating a focus on innovation[51] Revenue Breakdown - The company's revenue from telecommunications supervision decreased by 47.03% to 3,031,870, influenced by the cyclical nature of the telecommunications operators' construction[19] - The company's civil engineering supervision business achieved revenue of 20.17 million yuan, an increase of 11.36% year-on-year[20] - The bidding agency business generated revenue of 6.90 million yuan, up 9.93% year-on-year[20] - The consulting and construction agency business reported revenue of 5.30 million yuan, a decrease of 22.77% year-on-year[20] - The power supervision business earned revenue of 20.17 million yuan, reflecting a 10.33% year-on-year increase[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,424[12] - The company's top five suppliers accounted for 35.74% of total purchases, down from 61.34% in the previous year[20] - The top five customers contributed 22.42% of total sales, a decrease from 40.11% year-on-year[22] Risk Management - The company faces risks from potential declines in investment growth in the telecommunications and real estate sectors, which could impact its performance[23] - The company has a high proportion of accounts receivable, primarily from three major telecommunications operators, which poses a financial risk if their financial conditions deteriorate[28] - The company is implementing measures to enhance management and control risks associated with rapid business expansion[27] - The company has implemented measures to manage accounts receivable risks by linking performance assessment indicators closely with cash collection[29] - The company recognizes the risks associated with investments and acquisitions and has adopted a cautious approach, including due diligence and collaboration with experienced intermediaries[30] Corporate Actions - The company terminated a major asset restructuring project and acquired 67% of Guangdong Shunshui Engineering Construction Supervision Co., Ltd. and 26.59% of Fujian Hongmin Electric Power Engineering Supervision Co., Ltd. during the reporting period[31] - The company is actively seeking opportunities for industry mergers and acquisitions to support its strategic goals[29] Other Information - The company has established 29 branches and 46 project departments, covering over 20 provinces and municipalities[23] - The company has completed the business network upgrade and expansion project, achieving a 100% investment progress[35] - The information technology construction project has only achieved 22.69% of the planned investment progress[35] - The company did not undergo an audit for the first quarter report[67] - The report does not apply to the new financial instruments, revenue, and leasing standards adjustments[67]