Group 1: Event Details - The company will hold an online investor reception day on June 10, 2020, from 15:00 to 16:30 [1] - The event will focus on topics such as corporate governance, development strategy, and operational status [1] - Investors can participate via the "Panorama Roadshow" platform [1] Group 2: Participants - The event will feature key personnel including Chairman and General Manager Mr. Chen Zhendong, Vice General Manager and CFO Mr. Sun Lu, and Vice General Manager and Board Secretary Ms. Lin Lin [1] Group 3: Assurance of Information - The company and its board guarantee that the disclosed information is true, accurate, and complete, with no false records or misleading statements [1]

Financial Performance - Total revenue for Q1 2020 was ¥86,645,015.79, a decrease of 13.65% compared to ¥100,339,135.90 in the same period last year[8] - Net profit attributable to shareholders was ¥15,748,126.33, down 6.08% from ¥16,767,406.62 year-on-year[8] - Basic and diluted earnings per share were both ¥0.220, representing an 8.33% decrease from ¥0.240 in the same period last year[8] - The total profit for Q1 2020 was ¥18,259,828.94, a decrease of 5.6% from ¥19,347,449.06 in the previous year[40] - The company's operating profit for Q1 2020 was ¥18,089,824.73, slightly down from ¥19,127,153.00 in Q1 2019[40] - The net profit for Q1 2020 was ¥15,831,054.84, down 6.6% from ¥16,942,494.40 in Q1 2019[41] - The total operating revenue for Q1 2020 was CNY 86,645,015.79, a decrease of 13.6% compared to CNY 100,339,135.90 in Q1 2019[38] Cash Flow and Liquidity - Net cash flow from operating activities was negative at ¥-8,550,811.79, a decline of 130.70% compared to ¥27,850,547.97 in the previous year[8] - Cash and cash equivalents increased by 172.51% to 416.79 million yuan, primarily due to funds raised from the IPO[17] - Total cash and cash equivalents at the end of the period reached 399,006,764.14 yuan, up from 96,906,221.96 yuan in the previous period[49] - The cash flow from operating activities for Q1 2020 was negative at -¥8,550,811.79, compared to a positive cash flow of ¥27,850,547.97 in the same period last year[48] - Cash inflow from financing activities amounted to 349,056,905.66 yuan, with a net cash flow from financing activities of 278,953,815.95 yuan[52] Assets and Liabilities - Total assets increased by 28.99% to ¥1,109,480,309.69 from ¥860,111,490.78 at the end of the previous year[8] - The total liabilities decreased from CNY 210,000,000.00 to CNY 200,000,000.00, showing a reduction of about 4.76%[31] - The company's total liabilities decreased to CNY 243,203,315.63 from CNY 339,393,560.97, showing a reduction in financial obligations[36] - The total equity attributable to shareholders rose to CNY 862,350,857.72, up from CNY 515,939,192.01, reflecting strong retained earnings growth[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,262[12] - The largest shareholder, Chen Zhendong, holds 38.72% of the shares, totaling 36,230,040 shares[12] Operational Efficiency - The company’s sales expenses decreased by 31.19% to 8.66 million yuan, mainly due to reduced travel and transportation costs amid the pandemic[17] - Financial expenses dropped by 62.26% to 763,954.33 yuan, resulting from reduced interest expenses due to lower short-term borrowings[17] - Total operating costs for Q1 2020 were CNY 64,860,274.54, down 16.1% from CNY 77,341,355.27 in the same period last year[39] Research and Development - Research and development expenses for Q1 2020 were CNY 4,559,679.77, slightly up from CNY 4,320,187.31 in Q1 2019, indicating continued investment in innovation[39] - Research and development expenses for Q1 2020 were ¥4,473,270.73, an increase from ¥4,153,612.53 in Q1 2019[43] Market and Growth Strategy - The company is focused on high-end CNC rebar processing equipment, with increasing demand driven by infrastructure investments[18] - The company plans to focus on market expansion and new product development to drive future growth, although specific strategies were not detailed in the report[39] Non-Recurring Items - Non-recurring gains and losses included government subsidies of ¥927,122.41 and other non-operating income of ¥242,099.63[9] - The company reported a credit impairment loss of CNY -3,826,916.61, which was significantly higher than the loss of CNY -305,399.06 in the previous year, impacting profitability[39] - The company reported a credit impairment loss of -¥3,695,081.43 in Q1 2020, compared to -¥250,935.95 in the previous year[44] Compliance and Governance - The company has not encountered any significant changes in project feasibility or delays in planned progress[24] - There were no violations regarding external guarantees during the reporting period[25] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[26] - The first quarter report was not audited, indicating preliminary financial results[61]