OLYMPIC(SH:603920)2020-04-28 16:00Financial Performance - Operating revenue for the period was ¥498,494,159.83, a decrease of 1.12% compared to the same period last year[18] - Net profit attributable to shareholders of the listed company was ¥51,909,628.27, representing a significant increase of 47.84% year-on-year[18] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥51,864,507.43, up 67.01% from the previous year[18] - Basic earnings per share were ¥0.13, an increase of 44.44% compared to ¥0.09 in the same period last year[18] - The company reported a comprehensive income total of ¥56,235,064.90 for Q1 2020, compared to ¥32,693,305.83 in Q1 2019, indicating a significant increase[54] - The net profit for Q1 2020 was CNY 39,391,260.03, an increase from CNY 39,036,705.16 in Q1 2019, reflecting a growth of approximately 0.9%[57] - Total operating revenue for Q1 2020 was ¥498,494,159.83, a decrease of 1.3% compared to ¥504,141,268.63 in Q1 2019[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,495,429,422.52, an increase of 1.15% compared to the end of the previous year[18] - Net assets attributable to shareholders of the listed company amounted to ¥2,646,890,972.50, reflecting a growth of 2.28% year-on-year[18] - The company's total current assets decreased slightly to ¥2,301,315,614.49 from ¥2,328,536,349.43, reflecting a stable asset base[34] - Non-current assets totaled ¥1,194,113,808.03, compared to ¥1,127,029,526.88, indicating an increase of about 5.93%[37] - Total liabilities amounted to ¥848,538,442.23, down from ¥867,643,612.67, a decrease of about 2.43%[39] - Current liabilities decreased to ¥809,614,714.27 from ¥837,855,783.36, a reduction of approximately 3.00%[37] Cash Flow - The company generated a net cash flow from operating activities of ¥94,270,952.29, which is a 13.90% increase year-on-year[18] - Cash flow from operating activities for Q1 2020 was CNY 94,270,952.29, compared to CNY 82,763,729.57 in Q1 2019, representing an increase of approximately 13.1%[61] - The company’s cash flow from operating activities showed improvement, contributing positively to the overall financial health[49] - Cash inflow from financing activities totaled $70,851,000.00, an increase from $53,570,400.00 year-over-year[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,948[22] - The largest shareholder, New豪国际集团有限公司, held 62.31% of the shares, totaling 255,272,580 shares[22] Financial Ratios - The weighted average return on net assets increased by 0.52 percentage points to 1.98%[18] - The company's financial expenses showed a significant decrease of 230.59% to -¥21,128,782.59 from ¥16,180,073.50, resulting from foreign exchange gains[31] Inventory and Receivables - The company's accounts receivable decreased by 19.88% to ¥550,261,591.01 from ¥686,838,222.11 due to improved collection management[28] - The company's inventory decreased to ¥145,599,934.33 from ¥162,829,064.55, a reduction of approximately 10.57%[43] - The company's other receivables decreased by 94.44% to ¥1,542,804.85 from ¥27,756,745.80, primarily due to a reduction in export tax refunds[28] Borrowings and Financing - The company's short-term borrowings increased significantly by 352.13% to ¥180,851,000.00 from ¥40,000,000.00, attributed to increased bank financing[28] - The company raised CNY 140,851,000.00 through borrowings in Q1 2020, compared to CNY 53,570,400.00 in Q1 2019, reflecting a substantial increase in financing activities[64]