恒宝股份(002104) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥355,207,783.92, a decrease of 18.53% compared to the same period last year[9] - The net profit attributable to shareholders was ¥25,909,578.12, down 40.09% year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,352,663.54, a decline of 48.19% compared to the previous year[9] - The weighted average return on equity decreased to 1.36% from 2.38% in the previous year[9] - Net profit for Q1 2019 was CNY 25,030,032.36, representing a decline of 42.9% from CNY 43,668,024.63 in Q1 2018[43] - The net profit for the first quarter of 2019 was CNY 31,804,707.40, a decrease of 18.1% compared to CNY 38,873,271.91 in the same period last year[47] - Operating profit for the first quarter was CNY 35,338,329.86, down from CNY 43,552,043.00, reflecting a decline of 18.9% year-over-year[47] Cash Flow - The net cash flow from operating activities was -¥120,707,939.19, a decrease of 215.07% compared to the same period last year[9] - The net cash flow from operating activities decreased by 226 million yuan compared to the same period last year, mainly due to a decrease in cash received from the special communication IoT business[21] - The net cash flow from financing activities was -74,148,821.25 CNY, indicating a cash outflow primarily due to debt repayment and dividend distribution[56] - The company's cash flow from operating activities was not detailed in the provided documents, indicating a potential area for further analysis[56] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,281,460,014.99, an increase of 1.38% from the end of the previous year[9] - Total current assets increased to ¥1,658,263,281.54 as of March 31, 2019, up from ¥1,618,161,089.47 at the end of 2018, representing a growth of approximately 2.6%[33] - Total liabilities increased to ¥273,986,152.18 from ¥267,791,715.26, which is an increase of approximately 2.4%[34] - The total liabilities increased to CNY 230,888,061.74 from CNY 213,040,569.77, marking an increase of 8.1%[40] - The total liabilities were recorded at 267,791,715.26 CNY, with current liabilities amounting to 250,081,963.71 CNY[59] Shareholder Equity - The net assets attributable to shareholders at the end of the reporting period were ¥1,919,637,657.67, up 1.35% from the end of the previous year[9] - Total equity as of Q1 2019 was CNY 1,964,214,847.66, up from CNY 1,932,410,140.26, reflecting a growth of 1.6%[40] - The company's equity attributable to shareholders rose to ¥1,919,637,657.67, compared to ¥1,894,006,700.33, reflecting an increase of about 1.3%[35] Receivables and Prepayments - Accounts receivable increased by 60.53% compared to the beginning of the year, indicating a delay in cash collection from sales[17] - Prepayments increased by 36.69% due to large prepayments for special communication IoT hardware procurement[17] - Accounts receivable rose significantly to ¥145,870,394.09, compared to ¥90,903,019.70 at the end of 2018, marking an increase of about 60.5%[32] - Prepayments increased to ¥422,079,330.45 from ¥308,783,403.76, representing a growth of about 36.7%[32] Expenses and Impairments - The company's financial expenses decreased by 936.75% compared to the same period last year, primarily due to a reduction in exchange gains and losses[19] - Asset impairment losses increased by 108.66% year-on-year, mainly due to an increase in accounts receivable[19] - Other income decreased by 66.99% year-on-year, attributed to delays in VAT software product refunds and a reduction in government subsidies received[19] - Research and development expenses for Q1 2019 were CNY 30,179,380.01, an increase of 9.4% compared to CNY 27,599,860.82 in the previous year[41] - The company reported an asset impairment loss of CNY 3,159,325.56, which increased from CNY 1,514,135.17 year-on-year[41] Compliance and Governance - The company reported no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[26][27] - The company has not made any adjustments to the financial statements due to the new financial instrument standards, indicating compliance with the latest regulations[60] - The first quarter report was not audited, which may affect the reliability of the financial data presented[63]