CAHIC(SH:600195)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 49.05% to CNY 131,711,926.76 year-on-year[11] - Operating revenue rose by 33.23% to CNY 1,065,809,331.07 compared to the same period last year[11] - Basic earnings per share increased by 49.09% to CNY 0.1564 compared to the same period last year[11] - The weighted average return on equity rose by 0.96 percentage points to 3.14%[11] - Operating profit for Q1 2020 was ¥156,118,925.62, compared to ¥103,769,183.67 in Q1 2019, reflecting a growth of 50.4%[46] - The net profit for Q1 2020 reached ¥117.88 million, representing a growth of 14.2% from ¥103.24 million in Q1 2019[52] - The total comprehensive income for Q1 2020 was ¥139.27 million, compared to ¥83.66 million in Q1 2019, marking a significant increase of 66.7%[52] Assets and Liabilities - Total assets increased by 2.38% to CNY 5,825,713,197.78 compared to the end of the previous year[11] - Total current assets as of March 31, 2020, amounted to CNY 2,302,343,432.61, an increase from CNY 2,270,239,872.98 as of December 31, 2019, representing a growth of approximately 1.4%[31] - Non-current assets totaled CNY 3,523,369,765.17 as of March 31, 2020, compared to CNY 3,420,199,891.72 at the end of 2019, indicating an increase of about 3%[34] - Total liabilities amounted to CNY 1,046,091,191.45, a minor decrease from CNY 1,051,250,206.88, reflecting a decline of approximately 0.5%[36] - Total current liabilities were CNY 955,263,340.58, slightly down from CNY 960,251,372.99, showing a decrease of about 0.3%[36] - Total liabilities reached $1,051,250,206.88, with current liabilities at $960,251,372.99 and non-current liabilities at $90,998,833.89[66] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 100,479,584.59, a 139.44% increase from the previous year[11] - The cash inflow from operating activities in Q1 2020 was approximately ¥818.09 million, compared to ¥525.48 million in Q1 2019, an increase of 55.6%[54] - The cash flow from financing activities showed a net outflow of -32,090,491.39 RMB, compared to -1,258,035,623.26 RMB previously, reflecting improved cash management[57] - The cash outflow from investing activities was 299,275,548.67 RMB, compared to 406,425,176.12 RMB in the previous period, indicating a reduction in investment spending[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,399[17] - The largest shareholder, China Animal Husbandry Group Co., Ltd., holds 49.91% of the shares[17] - Shareholders' equity increased to CNY 4,779,622,006.33 from CNY 4,639,189,557.82, representing a growth of about 3%[36] Operational Changes and Incidents - The company has implemented comprehensive rectification measures at its Lanzhou plant following a Brucella antibody incident, including closing the production line for Brucella vaccines[24] - The company plans to enhance its management systems and safety production standards to prevent future incidents[27] - The company has established an emergency response team to manage the Brucella incident and is committed to ongoing public education and training for employees[27] Other Financial Metrics - The company reported a total of CNY 565,548.80 in non-recurring gains and losses for the period[14] - The company reported a 32.20% decrease in non-operating income to RMB 1,242,324.93 from RMB 1,832,216.46, mainly due to fewer government subsidies received compared to the previous year[23] - The company's financial expenses decreased by 114.19% to -RMB 1,762,652.27 from RMB 12,423,224.81, attributed to the repayment of RMB 1.2 billion in corporate bonds last February[21]