BAOTI(SH:600456)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥41,331,019.64, representing a 40.43% increase year-on-year[18]. - Operating revenue for the period was ¥1,020,531,012.31, a decrease of 11.25% compared to the same period last year[18]. - Basic earnings per share increased by 40.50% to ¥0.0961 from ¥0.0684 in the same period last year[21]. - The company reported a significant increase in investment income by 446.51% to CNY 160,006.74 from CNY -46,176.38, attributed to improved operational performance of joint ventures[32]. - Net profit for Q1 2020 reached ¥52,503,002.21, an increase of 51.83% compared to ¥34,593,748.09 in Q1 2019[55]. - Q1 2020 net profit reached CNY 26.79 million, up 27.1% from CNY 21.02 million in Q1 2019[61]. - Total comprehensive income for Q1 2020 was CNY 26.79 million, compared to CNY 21.02 million in Q1 2019, indicating a growth of 27.1%[61]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,632,583,632.15, an increase of 6.56% compared to the end of the previous year[18]. - Total liabilities reached CNY 4,502,334,896.64, compared to CNY 4,032,567,562.53, indicating an increase of 11.6%[43]. - The total assets as of March 31, 2020, were CNY 8,632,583,632.15, up from CNY 8,101,396,780.40, marking a growth of 6.5%[45]. - The company's equity attributable to shareholders increased to CNY 3,777,145,739.93 from CNY 3,734,248,204.86, a rise of 1.14%[45]. - Short-term borrowings rose to CNY 1,326,738,200.00 from CNY 1,046,738,200.00, reflecting an increase of 26.8%[43]. - Total liabilities rose to ¥4,448,277,741.75 in Q1 2020, up from ¥3,932,593,397.09 in Q1 2019, an increase of 13.09%[51]. Cash Flow - The net cash flow from operating activities improved to -¥54,614,126.03, a 45.72% increase compared to -¥100,612,958.42 in the previous year[18]. - Cash flow from operating activities in Q1 2020 was negative CNY 54.61 million, an improvement from negative CNY 100.61 million in Q1 2019[63]. - The company reported a total cash inflow from operating activities of 377,186,244.37 RMB, compared to 238,360,659.74 RMB in the previous year[69]. - Cash received from sales of goods and services was 342,017,125.86 RMB, compared to 229,362,036.46 RMB in the same quarter last year[69]. - The net cash flow from financing activities was 263,334,516.16 RMB, significantly higher than 78,350,326.43 RMB in the previous year[71]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,418[24]. - The largest shareholder, Baotai Group Co., Ltd., held 53.04% of the shares[24]. - The total number of shareholders holding priority shares was not applicable, indicating no priority shares were reported[29]. Research and Development - Research and development expenses increased by 52.93% to CNY 26,002,474.10 from CNY 17,003,030.14, reflecting higher investment in R&D projects[32]. - Research and development expenses increased to ¥26,002,474.10 in Q1 2020, up from ¥17,003,030.14 in Q1 2019, reflecting a growth of 52.94%[55]. - Research and development expenses in Q1 2020 were CNY 25.35 million, up 48.9% from CNY 17.00 million in Q1 2019[61]. Inventory and Receivables - Accounts receivable increased by 36.39% to CNY 1,631,162,270.39 from CNY 1,195,959,236.97 due to growth in sales of titanium products[29]. - Inventory decreased slightly to CNY 2,097,948,682.75 from CNY 2,110,451,982.11, a decline of 0.59%[40]. - Accounts receivable increased to CNY 1,631,162,270.39 from CNY 1,195,959,236.97, representing a rise of 36.4%[40]. Government Support - The company received government subsidies amounting to ¥3,088,226.88 during the reporting period[21]. - The company received tax refunds of 11,140,311.47 RMB, up from 7,207,075.39 RMB year-over-year[69].