xinje(SH:603416)2020-04-21 16:00Financial Performance - Net profit attributable to shareholders rose by 51.47% to CNY 47,139,236.94 year-on-year[5] - Operating revenue grew by 23.24% to CNY 164,912,773.06 compared to the same period last year[5] - The company reported a net profit of CNY 40,807,050.43 after deducting non-recurring gains and losses, reflecting a 55.81% increase year-on-year[5] - Net profit for Q1 2020 was ¥47,139,236.94, representing a 51.47% increase from ¥31,121,472.85 in Q1 2019, attributed to increased sales revenue and improved gross margin[10] - The total profit for Q1 2020 was CNY 54,472,481.98, compared to CNY 35,102,190.77 in Q1 2019, marking a 55.2% increase[21] - The company's operating profit for Q1 2020 was CNY 54,620,779.58, an increase of 55.5% from CNY 35,153,787.76 in Q1 2019[21] Revenue and Earnings - Basic earnings per share increased by 54.55% to CNY 0.34[5] - Total operating revenue for Q1 2020 reached ¥164,912,773.06, an increase of 23.3% compared to ¥133,810,697.14 in Q1 2019[19] - The company's operating revenue for Q1 2020 was CNY 164,266,572.59, an increase of 23.3% compared to CNY 133,205,538.97 in Q1 2019[21] - The total comprehensive income for Q1 2020 was CNY 47,678,116.99, compared to CNY 30,955,124.81 in Q1 2019, indicating a growth of 54.0%[22] Assets and Liabilities - Total assets increased by 5.51% to CNY 1,543,343,913.03 compared to the end of the previous year[5] - The company’s total liabilities increased to ¥292,821,438.28 from ¥259,684,680.59, indicating a rise in financial obligations[15] - Total assets as of March 31, 2020, amounted to ¥1,543,343,913.03, an increase from ¥1,462,690,685.83 at the end of 2019[14] - Total liabilities as of March 31, 2020, were ¥291,889,522.11, compared to ¥259,122,442.44 at the end of 2019, marking an increase of 12.6%[17] Cash Flow - Net cash flow from operating activities increased by 8.18% to CNY 25,496,136.18[5] - Cash flow from operating activities improved to ¥25,496,136.18, an 8.18% increase from ¥23,569,241.77 in Q1 2019, mainly due to increased cash receipts from customers[10] - Cash inflow from operating activities in Q1 2020 was CNY 115,265,638.31, compared to CNY 97,023,084.00 in Q1 2019, an increase of 18.8%[23] - The net cash flow from operating activities for Q1 2020 was CNY 25,591,258.46, an increase of 1.5% compared to CNY 23,489,689.58 in Q1 2019[26] Investment and Expenses - Research and development expenses rose to ¥13,895,312.90, a 21.54% increase from ¥11,432,772.30 in the previous year, reflecting increased investment in R&D[10] - Financial expenses turned positive with a net income of ¥-549,164.35 compared to a cost of ¥29,852.02 in the previous year, reflecting better financial management[10] - The company reported a decrease in management expenses by 36.63% to ¥3,657,766.20 from ¥5,772,114.80, indicating improved cost management[10] - Research and development expenses for Q1 2020 amounted to CNY 13,843,505.47, up from CNY 11,432,772.30 in Q1 2019, reflecting a growth of 21.1%[21] Shareholder Information - The total number of shareholders reached 5,535 by the end of the reporting period[7] - Shareholders' equity stood at CNY 1,203,006,005.24, with retained earnings of CNY 621,800,429.35[30] Inventory and Receivables - Accounts receivable increased by 32.73% to ¥66,024,815.38 from ¥49,743,272.60, primarily due to higher sales revenue[10] - Inventory grew by 18.67% to ¥279,966,737.52 from ¥235,922,135.79, indicating an increase in material stockpiling[10] - The company reported a significant increase in accounts receivable, which rose to ¥65,659,979.66 from ¥49,688,166.71, reflecting a growth of 32.2%[16] - Inventory levels rose to ¥279,529,876.82 from ¥235,308,901.18, indicating an increase of 18.8%[16]