Financial Performance - Operating revenue for the reporting period was approximately CNY 77.92 million, down 38.92% year-on-year[4]. - Net profit attributable to shareholders of the listed company was a loss of approximately CNY 3.36 million, a decrease of 127.16% compared to the previous year[4]. - Basic earnings per share were -CNY 0.01, a decrease of 120.00% year-on-year[4]. - The weighted average return on net assets was -0.40%, down 1.88 percentage points from the previous year[4]. - Total operating revenue for Q1 2020 was 77,918,476.05, a decrease of 39.1% compared to 127,574,298.10 in Q1 2019[21]. - Net profit for Q1 2020 was -3,190,192.64, compared to a net profit of 11,146,123.72 in Q1 2019, indicating a significant decline[22]. - The company reported a total comprehensive income of -9,418,782.05 for Q1 2020, down from 10,469,395.78 in Q1 2019[22]. - Basic earnings per share for Q1 2020 were -0.01, compared to 0.05 in Q1 2019, showing a negative shift[22]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 1.42 billion, a slight increase of 0.02% compared to the end of the previous year[4]. - Total current assets as of March 31, 2020, amounted to ¥994,730,067.16, a slight increase from ¥984,884,544.32 in the previous year[15]. - Total non-current assets decreased to ¥429,518,829.81 from ¥439,023,160.42, a decline of approximately 2.3%[16]. - Total liabilities increased to ¥567,807,243.08 from ¥546,047,268.80, marking an increase of about 4%[17]. - Total equity decreased to ¥856,441,653.89 from ¥877,860,435.94, a decline of approximately 2.4%[17]. - Total liabilities increased to 549,348,451.53 in Q1 2020 from 528,112,285.21 in Q1 2019, representing a rise of 4.6%[20]. - Total equity decreased to 846,797,548.07 in Q1 2020 from 859,076,791.08 in Q1 2019, reflecting a decline of 1.4%[20]. Cash Flow - Net cash flow from operating activities was negative at approximately CNY 13.54 million, a decline of 161.20% compared to the same period last year[4]. - Cash flow from operating activities in Q1 2020 was a net outflow of approximately ¥13.54 million, down from a net inflow of ¥22.12 million in Q1 2019[27]. - The total cash inflow from operating activities in Q1 2020 was approximately ¥100.82 million, down from ¥181.64 million in Q1 2019[26]. - The net cash flow from financing activities in Q1 2020 was approximately ¥37.74 million, compared to ¥3.67 million in Q1 2019, indicating improved financing conditions[28]. - The net increase in cash and cash equivalents for Q1 2020 was 17,903,177.91 RMB, up from 6,327,126.28 RMB in Q1 2019, reflecting improved liquidity management[30]. Shareholder Information - The top ten shareholders held a total of 243,000,000 shares, accounting for 99.99% of the total shares[7]. - Sichuan Hebang Investment Group Co., Ltd. held 43.87% of the shares, with 60,097,674 shares pledged[7]. Expenses - Management expenses increased by 30.28% to ¥4,547,250.28 due to higher audit consulting fees and other costs[11]. - Financial expenses rose by 39.33% to ¥2,370,791.58, primarily due to new bank loans[11]. - The company incurred financial expenses of 2,370,791.58 in Q1 2020, up from 1,701,575.12 in Q1 2019, an increase of 39.4%[21]. - Research and development expenses for Q1 2020 were 876,442.96, slightly higher than 805,228.71 in Q1 2019, indicating a 8.8% increase[21]. Government Support - The company reported government subsidies of CNY 327,023.77 related to normal business operations[5].

Financial Performance - Net profit attributable to shareholders was CNY 48,001,486.92, an increase of 3.76% year-on-year[6]. - Operating revenue for the first nine months was CNY 477,156,244.97, showing a slight increase of 0.12% compared to the same period last year[6]. - Total operating revenue for Q3 2018 was CNY 162,815,429.61, a decrease of 4.7% compared to CNY 170,795,744.38 in Q3 2017[24]. - Net profit for Q3 2018 was CNY 20,850,901.36, slightly down from CNY 20,969,611.77 in Q3 2017, representing a decrease of 0.6%[25]. - The company reported a total comprehensive income for Q3 2018 of CNY 22,015,555.79, compared to CNY 20,958,695.62 in Q3 2017, an increase of 5.0%[26]. - The company’s total operating revenue for the first nine months of 2018 was CNY 477,156,244.97, slightly up from CNY 476,571,328.72 in the same period of 2017[24]. - The company reported a net cash outflow from financing activities of ¥107.32 million in the first nine months of 2018, compared to an outflow of ¥7.36 million in the same period of 2017[32]. - The company’s total comprehensive income for Q3 2018 was ¥17.53 million, compared to ¥19.07 million in Q3 2017, indicating a decrease of 8.06%[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,355,019,070.50, a decrease of 0.77% compared to the end of the previous year[6]. - The total liabilities of the company were CNY 505,591,227.14, down from CNY 554,262,531.88, indicating a decrease of approximately 8.8%[18]. - The company’s current assets totaled CNY 956,194,522.38, down from CNY 991,824,374.22 at the beginning of the year, indicating a decline of approximately 3.6%[17]. - Total liabilities increased by 33.56% to ¥206,673,189.42, driven by extended payment terms and increased bill issuance[13]. - The company reported a cash balance of CNY 290,319,507.24, down from CNY 462,679,027.81 at the beginning of the year, a decline of approximately 37.1%[16]. - The ending cash and cash equivalents balance was $262,881,449.89, down from $55,244,469.00 year-over-year[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,006[11]. - The largest shareholder, Sichuan Hebang Investment Group Co., Ltd., held 43.87% of the shares, amounting to 105,290,000 shares[11]. Cash Flow - The net cash flow from operating activities was negative CNY 1,927,587.18, a decrease of 103.92% compared to the previous year[6]. - Cash flow from operating activities for the first nine months of 2018 was negative at -¥1.93 million, compared to positive cash flow of ¥49.20 million in the same period of 2017[31]. - Cash outflow from investing activities totaled $75,769,732.33, significantly higher than $34,987,974.78 in the previous year, resulting in a net cash outflow of $75,532,356.33[36]. - Net cash flow from financing activities was -$118,854,788.80, compared to -$2,184,688.69 in the same period last year, indicating increased cash outflows[36]. Expenses - Research and development expenses rose by 38.65% to ¥2,468,520.51, reflecting increased investment in new product development[14]. - Financial expenses decreased by 38.44% to ¥6,973,281.52, attributed to reduced loans and government interest subsidies received[14]. - Cash paid for employee compensation was $53,075,452.39, slightly up from $50,445,844.97 in the previous year[35]. - Cash paid for taxes increased significantly to $43,149,335.24 from $15,831,507.67 year-over-year[35].