XZB(SH:603040)2020-04-22 16:00Financial Performance - Net profit attributable to shareholders decreased by 2.22% to CNY 27,155,624.67 year-on-year[6] - Operating revenue decreased by 20.29% to CNY 63,510,914.61 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses decreased by 30.94% to CNY 17,428,673.46 compared to the same period last year[6] - Basic earnings per share decreased by 2.86% to CNY 0.34[6] - Total operating revenue for Q1 2020 was ¥63,510,914.61, a decrease of 20.3% compared to ¥79,675,012.96 in Q1 2019[23] - Net profit for Q1 2020 was ¥28,526,942.47, slightly up from ¥28,166,760.22 in Q1 2019, representing a 1.3% increase[24] - The net profit attributable to shareholders of the parent company was ¥27,155,624.67, down 2.2% from ¥27,772,081.15 in Q1 2019[24] - Total comprehensive income for Q1 2020 was ¥26,057,877.49, down from ¥27,167,081.27 in Q1 2019[24] Assets and Liabilities - Total assets increased by 1.14% to CNY 915,233,975.69 compared to the end of the previous year[6] - Total liabilities decreased to ¥65,645,754.26 from ¥81,432,929.48[16] - Total assets as of March 31, 2020, amounted to RMB 928,387,231.73, an increase from RMB 907,020,189.83 as of December 31, 2019, representing a growth of approximately 2.5%[20] - Total liabilities decreased to RMB 71,977,395.80 from RMB 83,005,224.59, reflecting a reduction of about 13.1%[20] - Total current assets amounted to ¥550,818,756.24 as of December 31, 2019[35] - Total non-current assets reached ¥354,120,861.63 in the first quarter of 2020[36] - Total liabilities stood at ¥94,837,261.76, with current liabilities totaling ¥81,432,929.48[37] Cash Flow - Net cash flow from operating activities increased by 72.71% to CNY 39,458,554.55 year-on-year[6] - The company's operating cash flow for Q1 2020 was RMB 39,458,554.55, a significant increase of 73% compared to RMB 22,846,974.07 in Q1 2019[29] - Total cash inflow from operating activities reached RMB 102,836,009.61, up from RMB 88,383,824.84 in the same period last year, reflecting a growth of approximately 16%[29] - The net cash flow from investment activities was negative at RMB -173,227,019.48, slightly worse than the negative RMB -171,512,928.37 recorded in Q1 2019[30] - Cash and cash equivalents at the end of Q1 2020 amounted to RMB 113,169,730.06, compared to RMB 72,160,610.96 at the end of Q1 2019, indicating a year-over-year increase of 57%[30] Shareholder Information - The total number of shareholders reached 5,809 at the end of the reporting period[9] - The largest shareholder, Hangzhou Zuofeng Investment Management Co., Ltd., holds 51.52% of the shares[9] Expenses - Research and development expenses decreased by 30.06% to ¥4,371,235.06 from ¥6,249,964.82 due to lower material costs for new projects[12] - Financial expenses surged by 2330.63% to ¥2,241,059.60 from ¥92,200.60, primarily due to increased foreign exchange losses from overseas subsidiaries[12] - Total operating costs for Q1 2020 were ¥42,067,047.54, down 17.1% from ¥50,704,805.41 in Q1 2019[23] Other Income - The company received government subsidies amounting to CNY 7,182,102.12 during the reporting period[9] - Other income increased by 578.56% to ¥7,182,102.12 from ¥1,058,438.38, driven by higher government subsidies[12]