科创信息(300730) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥23,170,632, representing a 16.79% increase compared to ¥19,838,764 in the same period last year[8]. - Net profit attributable to shareholders was a loss of ¥10,464,769, a 4.90% increase in loss from ¥9,975,883 in the previous year[8]. - The company's net profit attributable to shareholders was -10.46 million yuan, a year-on-year decrease of 4.90%[18]. - The company reported a net loss of CNY 10,609,767.20 for Q1 2019, compared to a net loss of CNY 10,092,134.43 in Q1 2018[48]. - The total comprehensive loss for the first quarter was CNY 10,528,223.74, compared to a loss of CNY 10,443,127.09 in the same period last year[51]. - The total profit for the first quarter was a loss of CNY 10,257,804.57, compared to a loss of CNY 10,156,658.40 in the previous year[51]. Cash Flow and Liquidity - Net cash flow from operating activities improved to -¥68,851,521, a 12.72% reduction in loss compared to -¥78,888,878 in the same period last year[8]. - The net cash flow from operating activities for Q1 2019 was -¥64,968,983.34, compared to -¥74,274,098.63 in the same period last year, showing an improvement of approximately 12%[62]. - Total cash inflow from operating activities was ¥58,493,426.85, an increase from ¥50,045,118.82 year-over-year[62]. - Cash outflow from financing activities was ¥10,268,944.44, down from ¥65,966,022.20 in the same period last year, reflecting a decrease of approximately 84%[63]. - The ending balance of cash and cash equivalents was ¥114,255,687.22, down from ¥155,550,861.48 year-over-year[63]. Assets and Liabilities - Total assets decreased by 4.58% to ¥587,609,807.10 from ¥615,798,563.49 at the end of the previous year[8]. - Current assets decreased from CNY 460.84 million on December 31, 2018, to CNY 434.41 million by March 31, 2019[40]. - Total liabilities decreased to CNY 184,547,321.27 from CNY 202,207,853.92, a decline of 8.7%[42]. - The total equity attributable to shareholders decreased to CNY 394,238,282.44 from CNY 404,703,052.19, a decrease of 2.4%[42]. Inventory and Procurement - Inventory increased by 64.13% to ¥136,953,515.69, primarily due to projects not reaching final acceptance confirmation[15]. - The total procurement amount from the top five suppliers increased to 25.54 million yuan, accounting for 48.21% of total procurement, up from 37.54% in the previous year[20]. - The company paid ¥59,650,181.78 for purchasing goods and services, an increase from ¥55,830,513.99 in the previous year[62]. Research and Development - The company increased R&D expenses due to higher investment in research and development during the reporting period[19]. - Research and development expenses increased to CNY 7,435,603.87 from CNY 6,873,650.97, reflecting a growth of 8.2%[48]. - Research and development expenses for the first quarter amounted to CNY 7,209,053.32, an increase from CNY 6,688,032.32 in the previous year[53]. Market and Competition - The company faces intensified market competition as various capital enters the smart city and smart manufacturing sectors[22]. - Revenue recognition is subject to seasonal fluctuations, with a significant portion of projects concentrated in Q4 due to government procurement practices[24]. - The company is expanding its machine vision applications into new sectors, although market capacity remains uncertain[26]. - The company has plans for market expansion and new product development to enhance future growth prospects[48]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,893[11]. - The top shareholder, Fei Yaoping, holds 8.80% of the shares, totaling 13,909,204 shares[11]. Fundraising and Utilization - Total amount of raised funds in the first quarter of 2019 was CNY 162.65 million, with CNY 7.09 million invested during the quarter[31]. - The company utilized CNY 60 million of raised funds to temporarily supplement working capital[33]. - As of March 31, 2019, the company had unutilized raised funds amounting to CNY 54.14 million, stored in a current deposit account[33]. Operational Efficiency - Operating cash inflow increased by 37.29% to ¥61,533,291.96, attributed to higher sales receipts[17]. - Management expenses rose by 30.83% to ¥8,418,989.66, mainly due to increased labor costs[16]. - The total operating costs for Q1 2019 were CNY 33,780,399.20, up 12.7% from CNY 29,930,899.02 in Q1 2018[48]. - The company reported a decrease in operating costs to CNY 12,493,771.95 from CNY 13,474,419.12 in the previous period[53]. Audit and Compliance - The company has not undergone an audit for the Q1 2019 report[64].