FSSS(SH:600399)2020-04-29 16:00Financial Performance - Operating revenue for the period was ¥1,441,787,470.29, representing a decrease of 8.79% year-on-year[11] - Net profit attributable to shareholders was ¥80,194,700.65, an increase of 59.07% compared to the same period last year[11] - Basic earnings per share rose to ¥0.0407, reflecting a growth of 58.98% year-on-year[11] - The company reported a decrease in other income by 37.39%, down to ¥2,079,879.83 from ¥3,322,017.00, primarily due to reduced government subsidies[21] - Total operating revenue for Q1 2020 was CNY 1,441,787,470.29, a decrease of 8.8% compared to CNY 1,580,677,007.88 in Q1 2019[40] - Net profit for Q1 2020 reached CNY 80,194,700.65, an increase of 58.9% from CNY 50,413,725.25 in Q1 2019[44] - Total profit for the first quarter of 2020 was 82,673,787.24 CNY, an increase from 54,012,695.77 CNY in the first quarter of 2019, representing a growth of approximately 53%[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,636,049,297.82, an increase of 0.98% compared to the end of the previous year[11] - Total assets increased to ¥8,636,049,297.82, compared to ¥8,552,552,797.78 in the previous year, reflecting a growth in overall company value[30] - Non-current assets totaled ¥4,252,666,168.03, slightly down from ¥4,280,878,732.37, showing a minor decline in long-term investments[30] - The company’s total liabilities decreased, with accounts payable at ¥581,008,772.51 compared to ¥602,431,905.87 in the previous year, indicating improved management of payables[30] - Total liabilities increased to $4,081,293,443.44 from $4,076,782,672.04, reflecting a slight growth of 0.04%[33] - Total current assets were ¥4,271,674,065.41, with inventory accounting for ¥1,602,038,964.41[58] - Total liabilities reached ¥4,174,244,893.11, with current liabilities at ¥1,394,599,258.11 and non-current liabilities at ¥2,779,645,635.00[70] Cash Flow - Cash flow from operating activities showed a net outflow of ¥41,691,272.29, an improvement of 6.75% compared to the previous year[11] - The net cash flow from investing activities improved to ¥322,046,524.27, up from a negative cash flow of ¥24,294,167.14, primarily due to increased recovery of financial management funds[22] - Cash flow from investing activities generated a net inflow of 322,046,524.27 CNY in the first quarter of 2020, contrasting with a net outflow of -24,294,167.14 CNY in the same period last year[52] - Cash inflow from operating activities totaled 1,075,866,620.20 CNY in the first quarter of 2020, compared to 1,569,016,909.32 CNY in the same period last year, showing a decrease of about 31%[52] Shareholder Information - The number of shareholders at the end of the reporting period was 82,575, with the largest shareholder holding 29.25% of the shares[16] - The company’s total equity attributable to shareholders reached ¥4,475,770,125.74, showing a solid equity base[66] Research and Development - R&D expenses increased significantly to ¥87,105,899.17, a rise of 11,218.07% compared to ¥769,617.76 in the previous year[21] - Research and development expenses for Q1 2020 amounted to CNY 87,105,899.17, significantly higher than CNY 769,617.76 in Q1 2019, indicating a substantial increase in investment in innovation[40] Legal Matters - The company is currently involved in 84 ongoing lawsuits with a total claim amount of ¥14,949,000, reflecting ongoing legal challenges[25] Government Subsidies - The company received government subsidies amounting to ¥2,079,879.83, which are closely related to its normal business operations[11]