Sytech(SH:600183)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 36.09% to CNY 339.27 million year-on-year[4] - Operating revenue grew by 12.30% to CNY 3.07 billion compared to the same period last year[4] - Basic earnings per share increased by 25.00% to CNY 0.15 compared to the previous year[4] - The company reported a significant increase in minority shareholders' profit by 59.61% to ¥27,229,291.67, reflecting improved performance of subsidiaries[11] - Net profit for Q1 2020 was ¥366,498,456.94, representing a 37.5% increase from ¥266,356,540.52 in Q1 2019[20] - The total profit for Q1 2020 was ¥428,288,043.08, an increase from ¥317,122,809.75 in Q1 2019, reflecting a growth of 35.1%[19] - The company reported a total comprehensive income of approximately 517.13 million RMB for Q1 2020, up from 147.42 million RMB in Q1 2019, reflecting a significant increase of about 251.5%[22] Assets and Liabilities - Total assets increased by 3.94% to CNY 16.15 billion compared to the end of the previous year[4] - Total liabilities increased to ¥6,462,460,626.95 from ¥6,181,290,811.20, representing a growth of approximately 4.55% year-over-year[16] - Total equity rose to ¥9,685,128,535.00 compared to ¥9,353,617,058.83, marking an increase of about 3.55%[16] - Current assets totaled ¥4,425,033,539.61, up from ¥4,128,415,789.08, reflecting a growth of approximately 7.19%[17] - Total non-current assets reached ¥6,885,565,360.64, up from ¥6,530,796,353.55, indicating an increase of about 5.42%[17] - Total liabilities and equity amounted to ¥11,310,598,900.25, compared to ¥10,659,212,142.63, reflecting a growth of approximately 6.11%[18] Cash Flow - Cash flow from operating activities increased by 19.66% to CNY 572.57 million year-on-year[4] - Cash flow from investing activities decreased by 33.47% to -¥388,613,275.64, attributed to increased cash payments for fixed assets and long-term assets[12] - Net cash flow from operating activities for Q1 2020 was approximately 572.57 million RMB, compared to 478.51 million RMB in Q1 2019, indicating an increase of around 19.7%[24] - Investment activities resulted in a net cash outflow of approximately 388.61 million RMB in Q1 2020, compared to a net outflow of 291.16 million RMB in Q1 2019, indicating a worsening of about 33.5%[24] - The net increase in cash and cash equivalents for Q1 2020 was approximately 511.70 million RMB, down from 607.96 million RMB in Q1 2019, reflecting a decrease of about 15.8%[25] Expenses - Management expenses increased by 30.83% to ¥158,383,410.40 due to stock option expenses, consulting fees, and increased bonuses[10] - Financial expenses decreased by 36.39% to ¥29,656,604.73 primarily due to last year's convertible bond interest accrual[10] - R&D expenses in Q1 2020 amounted to ¥154,046,063.63, compared to ¥134,791,634.86 in Q1 2019, marking a growth of 14.2%[19] - The company’s sales expenses increased to ¥66,029,546.92 in Q1 2020 from ¥61,936,970.40 in Q1 2019, reflecting an increase of 16.7%[19] Shareholder Information - The number of shareholders reached 99,452, with the top ten shareholders holding a combined 78.99% of shares[6] - Unallocated profits increased to ¥2,702,679,580.66 from ¥2,183,963,577.53, representing a significant rise of about 23.73%[18] Other Financial Metrics - Other income surged by 334.19% to ¥16,571,648.61, mainly from increased government subsidies recognized as current profits[10] - Impairment losses on assets increased by 258.51% to -¥11,308,185.71, primarily due to increased inventory write-downs[10] - Cash and cash equivalents at the end of Q1 2020 totaled approximately 1.56 billion RMB, compared to 1.71 billion RMB at the end of Q1 2019, showing a decrease of about 8.5%[25] - The company raised approximately 868.67 million RMB through financing activities in Q1 2020, compared to 766.45 million RMB in Q1 2019, representing an increase of about 13.4%[24]