AFR(300620)2020-10-11 16:00Financial Performance - Operating revenue for the period was CNY 137,288,170.08, representing a 38.55% increase year-on-year[9] - Net profit attributable to shareholders decreased by 21.74% to CNY 18,851,918.26 compared to the same period last year[9] - Basic earnings per share decreased by 21.58% to CNY 0.2100 compared to the same period last year[9] - The company's operating revenue for the reporting period increased by 24.50% year-on-year, reaching CNY 346,277,479.36[27] - The net profit attributable to shareholders of the listed company decreased by 9.87% year-on-year, primarily due to the impact of Milan Guangku's operations[30] - Net profit decreased by 10.32% to ¥44.72 million, impacted by COVID-19 and production adjustments[31] - The company reported a net profit of CNY 232,142,939.36, up from CNY 206,458,430.37, which is an increase of approximately 12.4%[65] - The company reported a total comprehensive income of ¥49,125,551.32, slightly down from ¥50,412,708.49 in the previous period[97] Assets and Liabilities - Total assets increased by 4.23% to CNY 896,984,907.53 compared to the end of the previous year[9] - Cash and cash equivalents decreased by 31.04% to CNY 182,393,267.40, mainly due to the cash acquisition of LiNbO3 series modulator assets[27] - Accounts receivable increased by 32.90% to CNY 48,011,880.34, attributed to an increase in bank acceptance bill settlements from domestic customers[27] - Inventory rose by 48.89% to CNY 104,778,091.74, driven by expanded production scale and proactive stocking of key raw materials[27] - Fixed assets increased by 59.14% to CNY 249,772,748.82, resulting from the cash acquisition of LiNbO3 series modulator assets[27] - The company’s total liabilities increased, with contract liabilities rising by 37.92% to CNY 1,803,533.91 due to increased advance receipts[27] - Total liabilities amounted to CNY 196,151,379.37, down from CNY 219,979,583.90, showing a decline of around 10.4%[62] - Owner's equity rose to CNY 700,833,528.16, compared to CNY 640,638,559.13, marking an increase of about 9.4%[65] Cash Flow - Net cash flow from operating activities decreased by 95.33% to CNY 2,696,145.70 compared to the same period last year[9] - Cash flow from operating activities dropped by 90.54% to ¥6.70 million, primarily due to losses from Milan Guangku[32] - The net cash flow from financing activities fell by 98.37% to -¥22.89 million due to installment payments for equity transfers[32] - Cash flow from operating activities for the current period is 6,696,832.12, down from 70,761,550.89 in the previous period, showing a significant decrease of approximately 90.6%[111] - The total cash outflow from operating activities is 300,283,311.11, compared to 239,888,213.94 in the previous period, indicating an increase of about 25.2%[111] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,458[13] - Infinimax Assets Limited held 28.77% of the shares, making it the largest shareholder[13] - The company did not engage in any repurchase transactions during the reporting period[17] - The company distributed cash dividends of RMB 2 per 10 shares, totaling RMB 18,067,400, based on a total share capital of 90,337,000 shares, approved on March 20, 2020[50] Government Support and Incentives - The company received government subsidies amounting to CNY 12,221,481.82 during the reporting period[12] - The company plans to implement a stock incentive plan, with 910,000 restricted shares granted in 2020[24] - The company implemented the 2020 Restricted Stock Incentive Plan, granting a total of 1,363,000 shares to 71 incentive objects on April 24, 2020[46] Research and Development - R&D expenses rose by 16.60% to ¥30.40 million year-over-year[31] - Research and development expenses increased to ¥30,398,696.07, up 16.5% from ¥26,070,185.42 in the previous period[94] Financial Adjustments and Standards - The company implemented new revenue and leasing standards starting January 1, 2020, which required adjustments to the financial statements[119] - The adjustments made to the financial statements were necessary due to the adoption of new accounting standards, impacting various asset and liability accounts[119]