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宇信科技(300674) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥292,535,382.75, representing a 35.81% increase compared to ¥215,400,347.00 in the same period last year[8]. - Net profit attributable to shareholders was ¥985,667.30, a significant recovery from a loss of ¥15,086,550.08 in the previous year, marking a 106.53% improvement[8]. - Basic and diluted earnings per share were both ¥0.0025, recovering from -¥0.04 in the same period last year, indicating a 106.25% improvement[8]. - The net profit attributable to shareholders was 0.9857 million CNY, marking a turnaround from a loss of 16.07 million CNY in the same period last year, primarily due to significant revenue growth and improved investment income[21]. - The net profit for the current period was ¥25,167,001.00, contrasting with a net loss of ¥19,405,060.55 in the previous period[87]. - The total comprehensive income for the current period was ¥25,167,001.00, compared to a total comprehensive loss of ¥19,405,060.55 in the previous period[90]. Cash Flow - The net cash flow from operating activities was -¥320,303,567.29, worsening by 39.38% from -¥229,810,634.73 year-on-year[8]. - Cash flow from operating activities showed a net outflow of 320.30 million CNY, an increase in outflow of 90.49 million CNY year-over-year, attributed to increased personnel costs and higher procurement expenses[28]. - The total cash inflow from operating activities was ¥255,132,118.42, up from ¥195,816,926.32 in the previous period[93]. - The net cash flow from operating activities was -150,107,795.66 CNY, compared to 43,731,181.65 CNY in the previous period, indicating a significant decline in operational cash flow[99]. - The total cash and cash equivalents decreased by 327,804,565.50 CNY during the period, compared to a decrease of 110,294,347.89 CNY in the previous period[105]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,152,463,047.28, a decrease of 2.82% from ¥3,243,804,920.78 at the end of the previous year[8]. - The company's total equity stood at RMB 1.72 billion, slightly down from RMB 1.73 billion at the end of 2018[65]. - Total liabilities decreased to RMB 1.43 billion, down 5.7% from RMB 1.52 billion as of December 31, 2018[62]. - Total current assets decreased to RMB 2.06 billion, down 5.3% from RMB 2.18 billion at the end of 2018[59]. Investment and R&D - The company invested 35.97 million CNY in R&D during Q1 2019, accounting for 12.30% of total operating revenue, focusing on smart banking projects and integrated financial cloud services[35]. - Research and development expenses increased to ¥15,700,088.17, up from ¥13,730,848.75, reflecting a growth of 14.3%[91]. - The company plans to significantly increase R&D personnel for the consumer finance IT solution project, utilizing existing equipment and software to minimize hardware and software investment[44]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 19,631, with the largest shareholder holding 30.98% of the shares[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[18]. Operational Challenges - The company’s gross profit margin was impacted as operating costs increased at a higher rate than revenue, particularly in system integration services[26]. - The financial cloud service integrated operation and management platform construction project experienced delays in R&D investment in 2018, with additional investments planned to complete the project by the end of 2019[36]. - The IT overall solution construction project for consumer finance companies faced delays due to cautious attitudes from financial institutions under strong regulation, but is expected to accelerate in 2019[37]. Other Income and Expenses - The company reported investment income of CNY 10,794,262.34, significantly higher than CNY 2,618,159.84 in the previous period[79]. - Sales expenses increased to ¥8,176,104.39, compared to ¥5,519,052.65 in the previous period, indicating a rise of 48.1%[91]. - The company recorded a significant increase in other income, totaling ¥949,856.33, compared to ¥405,849.68 in the previous period[91].