Star-net(002396)2022-09-23 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥1,282,863,597.56, a decrease of 1.78% compared to ¥1,306,083,218.24 in the same period last year[8] - The net profit attributable to shareholders was -¥7,172,195.86, showing a slight improvement of 0.32% from -¥7,195,084.22 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥41,222,765.85, an increase of 65.45% compared to -¥24,915,453.68 in the previous year[8] - The net cash flow from operating activities was -¥857,580,925.35, which is a 19.28% increase from -¥718,960,548.61 in the same period last year[8] - The company reported a significant increase in advance receipts to ¥298,427,435.07 from ¥83,341,607.76, reflecting growth in sales using advance settlement[23] - The company recorded a significant increase in construction in progress by 1231.47% to ¥32,036,766.10 from ¥2,406,114.10, attributed to increased investment in ongoing projects[19] - The company reported a net profit for the current period was a loss of CNY 34,293,425.44, compared to a loss of CNY 24,317,495.60 in the previous period, indicating a worsening financial performance[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,099,792,122.58, down 12.85% from ¥6,999,108,789.03 at the end of the previous year[8] - The net assets attributable to shareholders were ¥3,670,103,115.79, a decrease of 0.22% from ¥3,678,190,629.71 at the end of the previous year[8] - Total liabilities decreased by 32.72% to ¥1,283,222,618.90 from ¥1,907,396,002.84, due to payments made on accounts payable[23] - Total current assets amounted to CNY 4,508,829,878.51, a decrease of 17.8% from CNY 5,489,188,611.50 on December 31, 2018[36] - Total liabilities decreased to CNY 1,868,055,367.78 from CNY 2,734,762,458.56, a decline of 31.7%[42] - Total equity decreased to CNY 4,231,736,754.80 from CNY 4,264,346,330.47, a decrease of 0.8%[45] - The company’s total assets decreased to CNY 6,099,792,122.58 from CNY 6,999,108,789.03, a decline of 12.9%[45] Cash Flow - Cash and cash equivalents decreased by 50.24% to ¥812,870,447.54 from ¥1,633,702,266.01 due to a reduction in bank deposits[19] - Cash flow from investing activities improved significantly, with a net inflow of ¥63,933,023.82 compared to a net outflow of ¥503,874,350.24 in the previous year[25] - The cash inflow from operating activities totals ¥2,094,950,988.87, an increase from ¥1,713,730,209.42 in the previous period[74] - The cash flow from financing activities resulted in a net outflow of -518,187,042.93, compared to -240,000,000.00 in the previous period, indicating increased financing costs[83] - The total cash inflow from investment activities was 233,993,300.00, significantly up from 110,438,100.00 in the previous period[80] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,236[12] - The largest shareholder, Fujian Electronic Information Group Co., Ltd., held 26.88% of the shares, totaling 156,781,950 shares[12] Government Support - The company received government subsidies amounting to ¥65,745,508.38, primarily from various government support programs[8] Research and Development - Research and development expenses rose to CNY 233,718,401.34, an increase of 23% from CNY 189,955,025.43 in the previous period, reflecting a focus on innovation[56] - Research and development expenses for the current period are ¥10,991,994.57, slightly increasing from ¥10,522,771.25 in the previous period[64] Other Financial Metrics - The weighted average return on net assets was -0.20%, slightly improved from -0.23% in the previous year[8] - Investment income surged by 214.43% to ¥8,420,742.29 from ¥2,678,109.50, primarily due to increased long-term equity investment income[25] - The company reported a significant increase in other income to ¥2,373,640.00 from ¥68,070.00 in the previous period, suggesting new revenue streams[64] - The financial expenses for the current period are -¥8,734,323.90, which is an increase compared to -¥4,909,620.42 in the previous period, indicating higher borrowing costs[64]