FARATRONIC(SH:600563)2020-04-29 16:00Financial Performance - Revenue decreased by 9.26% to CNY 345,682,074.55 compared to the same period last year[4] - Net profit attributable to shareholders decreased by 5.97% to CNY 92,896,894.00 compared to the same period last year[4] - Basic earnings per share decreased by 5.92% to CNY 0.413 compared to the same period last year[4] - Total operating revenue for Q1 2020 was CNY 345,682,074.55, a decrease of 9.25% from CNY 380,972,357.81 in Q1 2019[20] - Net profit for Q1 2020 was CNY 95,463,185.13, a decrease of 5.07% compared to CNY 100,989,785.43 in Q1 2019[20] - The net profit attributable to shareholders of the parent company was ¥91,495,339.02, down from ¥97,246,698.84, representing a decline of 5.7%[23] - The total profit for the period was ¥107,692,976.88, down from ¥114,407,845.69, reflecting a decline of 5.9%[23] Cash Flow - Operating cash flow decreased by 49.89% to CNY 65,322,627.46 compared to the same period last year[4] - Net cash flow from operating activities decreased by 49.89%, from 130,369,943.84 to 65,322,627.46, mainly due to fewer bank acceptance bill collections compared to the previous year[11] - Cash inflow from operating activities for Q1 2020 was CNY 389,222,943.96, a decrease of 16.2% compared to CNY 464,183,490.25 in Q1 2019[26] - Net cash flow from operating activities for Q1 2020 was CNY 65,322,627.46, down 49.8% from CNY 130,369,943.84 in Q1 2019[26] - Cash inflow from investment activities for Q1 2020 was CNY 284,663,050.08, a decline of 53.3% compared to CNY 608,995,317.14 in Q1 2019[27] - Net cash flow from investment activities for Q1 2020 was -CNY 35,530,792.64, worsening from -CNY 10,652,371.32 in Q1 2019[27] Assets and Liabilities - Total assets increased by 1.67% to CNY 3,285,842,112.50 compared to the end of the previous year[4] - Total liabilities decreased from 554,674,400.67 to 512,236,424.96, indicating improved financial stability[16] - Total assets as of March 31, 2020, amounted to CNY 3,174,335,401.24, an increase of 1.63% from CNY 3,122,886,556.61 at the end of 2019[19] - Total liabilities decreased to CNY 468,387,232.47 from CNY 509,531,827.53, a reduction of 8.06%[19] - Total assets amounted to approximately CNY 3,122.89 billion, with current assets at CNY 2,365.17 billion and non-current assets at CNY 757.72 billion[34] - Total liabilities reached CNY 509.53 billion, with current liabilities totaling CNY 459.68 billion and non-current liabilities at CNY 49.85 billion[35] Shareholder Information - The total number of shareholders reached 12,974 at the end of the reporting period[8] - The largest shareholder, Xiamen Fala Development Co., Ltd., holds 37.33% of the shares[8] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 7,465,343.32, including government subsidies of CNY 3,409,867.59[5][7] - Other comprehensive income improved by 87.32%, from -1,257,572.78 to -159,472.11, primarily due to changes in the fair value of bank acceptance bills[11] - Financial expenses decreased significantly by 621.63%, from 1,671,848.50 to -8,720,875.52, mainly due to increased foreign exchange gains and bank interest income[11] - Other income increased by 458.13%, from 610,942.64 to 3,409,867.59, primarily driven by an increase in government subsidy income[11] - Investment income decreased by 43.46%, from 4,911,117.14 to 2,776,510.18, due to reduced wealth management income and losses from forward foreign exchange contracts[11] Research and Development - Research and development expenses for Q1 2020 were CNY 15,409,577.94, a slight decrease of 4.05% from CNY 16,059,718.95 in Q1 2019[20] - Research and development expenses were ¥13,753,251.90, slightly up from ¥13,645,022.29, indicating a focus on innovation[23]