NHL(SH:600262)2020-04-20 16:00Financial Performance - Operating revenue surged by 109.83% to CNY 335,988,159.79 year-on-year[9] - Net profit attributable to shareholders rose by 84.15% to CNY 16,525,337.89 compared to the same period last year[5] - Basic earnings per share improved by 84.09% to CNY 0.0972 compared to the previous year[5] - The company's operating revenue for Q1 2020 was CNY 335,988,159.79, a significant increase of 109.5% compared to CNY 160,123,912.02 in Q1 2019[17] - The net profit for Q1 2020 reached CNY 16,525,337.89, representing an 84.5% increase from CNY 8,973,800.12 in Q1 2019[19] - The basic and diluted earnings per share for Q1 2020 were CNY 0.0972, compared to CNY 0.0528 in Q1 2019, reflecting an increase of 84.6%[19] Assets and Liabilities - Total assets increased by 13.59% to CNY 2,763,781,348.18 compared to the end of the previous year[5] - The total assets as of March 31, 2020, amounted to CNY 2,763,781,348.18, up from CNY 2,433,050,512.25 at the end of 2019, indicating a growth of 13.5%[14] - The total current liabilities rose to CNY 1,239,409,245.29, compared to CNY 936,705,468.71 in the previous period, marking a 32.3% increase[14] - The total liabilities as of March 31, 2020, were CNY 1,566,484,898.45, up from CNY 1,252,896,145.45, indicating a growth of 25.0%[14] - The total liabilities as of December 31, 2019, were ¥1,252.90 million, remaining unchanged as of January 1, 2020, indicating stability in the company's financial obligations[24] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of CNY 168,316,323.98, worsening by 12.61% year-on-year[9] - In Q1 2020, the net cash flow from operating activities was -¥168.32 million, compared to -¥149.47 million in Q1 2019, indicating a decline in operational cash flow[20] - The cash outflow from investing activities in Q1 2020 was -¥1.30 million, compared to -¥0.98 million in Q1 2019, indicating an increase in investment expenditures[20] - The company received ¥300 million in borrowings in Q1 2020, a significant increase from ¥150 million in Q1 2019, highlighting a strategic move to enhance liquidity[21] - The net increase in cash and cash equivalents for Q1 2020 was ¥70.51 million, contrasting with a decrease of -¥14.21 million in Q1 2019, showcasing improved cash management[21] Inventory and Expenses - Inventory increased by 48.32% to CNY 914,502,526.38 to meet production demands[9] - The company's inventory as of March 31, 2020, was CNY 914,502,526.38, an increase of 48.3% from CNY 616,560,323.30 in the previous year[13] - Research and development expenses for Q1 2020 were CNY 3,858,338.65, slightly up from CNY 3,593,664.81 in Q1 2019, showing a growth of 7.4%[18] - The company reported a financial expense of CNY 607,611.48 in Q1 2020, a decrease from CNY 4,385,395.71 in Q1 2019, representing a reduction of 86.1%[18] Shareholder Information - The total number of shareholders reached 9,130 by the end of the reporting period[8] Changes in Accounting Standards - The company executed new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting and performance metrics[24]