CFMOTO(SH:603129)2020-04-23 16:00Financial Performance - Operating revenue for the period was CNY 622,664,932.25, representing a year-on-year increase of 3.21%[12] - Net profit attributable to shareholders was CNY 57,817,437.97, an increase of 169.70% compared to the same period last year[12] - Basic earnings per share increased to CNY 0.44, up 175.00% from CNY 0.16 in the previous year[12] - The company reported a net profit excluding non-recurring gains and losses of CNY 55,187,442.44, a significant increase of 301.04% year-on-year[12] - Total operating revenue for Q1 2020 was approximately ¥622.66 million, an increase of 3.3% compared to ¥603.28 million in Q1 2019[38] - Net profit for Q1 2020 reached approximately ¥55.96 million, a significant increase of 176.5% compared to ¥20.20 million in Q1 2019[38] - The company reported a profit before tax of approximately ¥71.29 million, compared to ¥23.47 million in the previous year, indicating a growth of 203.5%[38] Cash Flow - The net cash flow from operating activities was negative CNY 22,530,262.94, a decrease of 297.26% year-on-year[12] - The company's cash flow from operating activities was CNY 648,297,202.08 in Q1 2020, an increase from CNY 610,802,784.56 in Q1 2019, representing a growth of 6.1%[43] - Operating cash inflow totaled CNY 709,278,625.61, an increase from CNY 660,019,127.89 in the previous period[46] - Operating cash outflow amounted to CNY 731,808,888.55, compared to CNY 648,597,761.45 last year[46] - Net cash flow from investment activities was CNY 81,746,931.66, significantly higher than CNY 21,029,893.01 in the previous period[46] - The net increase in cash and cash equivalents was CNY 68,381,030.97, up from CNY 17,959,557.99 in the prior year[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,492,767,768.39, a decrease of 1.76% compared to the end of the previous year[12] - The company's total current assets amounted to CNY 1,844,569,351.65 as of March 31, 2020[26] - Total liabilities decreased from ¥1,465,344,502.56 to ¥1,413,065,205.65, a reduction of about 3.56%[30] - Current liabilities decreased from ¥1,421,386,363.08 to ¥1,358,869,135.93, a reduction of approximately 4.41%[28] - Non-current assets decreased from ¥702,299,438.72 to ¥648,198,416.74, a decline of about 7.71%[28] - The company's total assets decreased to approximately ¥2,376.66 million from ¥2,429.13 million, a decline of about 2.2%[35] Shareholder Information - The top shareholder, Chunfeng Holding Group Co., Ltd., holds 35.02% of the shares, totaling 47,061,856 shares[15] - Shareholders' equity increased from ¥1,040,318,522.57 to ¥1,049,734,462.86, an increase of approximately 0.40%[30] - Unallocated profits increased from ¥364,107,356.68 to ¥421,924,794.65, an increase of about 15.93%[30] Expenses - Research and development expenses increased by 40.86% from CNY 35,917,521.41 to CNY 50,592,033.37 due to increased investment in R&D projects[20] - The company reported a decrease in sales expenses by 45.27% from CNY 64,690,580.22 to CNY 35,407,286.58 due to tariff refunds[20] - The company's management expenses decreased to CNY 22,198,069.23 in Q1 2020 from CNY 18,799,731.43 in Q1 2019, an increase of 17.8%[41] Government Support - The company received government subsidies amounting to CNY 2,424,600.00, which are closely related to its normal business operations[12] - The company received tax refunds totaling CNY 44,898,145.15, an increase from CNY 37,384,065.88 in the previous year[46] Market and Product Development - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[12]