Milkground(SH:600882)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders reached CNY 10,148,657.80, a significant recovery from a loss of CNY 4,631,832.60 in the same period last year[12] - Operating revenue grew by 32.66% to CNY 395,263,404.14 compared to CNY 297,960,428.17 in the previous year[12] - Basic earnings per share improved to CNY 0.0248 from a loss of CNY 0.0113 in the previous year[12] - The weighted average return on net assets increased by 1.18 percentage points to 0.80% compared to -0.38% in the same period last year[12] - Total operating revenue for Q1 2020 reached ¥395,263,404.14, a 32.7% increase from ¥297,960,428.17 in Q1 2019[45] - Gross profit for Q1 2020 was ¥3,766,006.15, compared to a gross loss of ¥8,055,709.36 in Q1 2019[45] - Net profit attributable to shareholders for Q1 2020 was ¥10,148,657.80, a significant recovery from a net loss of ¥4,631,832.60 in Q1 2019[47] Assets and Liabilities - Total assets increased by 20.95% to CNY 2,954,826,093.27 compared to the end of the previous year[12] - Total liabilities increased to ¥1,218,599,261.49 from ¥1,177,437,209.52, reflecting a growth of about 3.5%[35] - Non-current assets totaled ¥1,676,010,067.75, an increase from ¥1,562,795,093.65, reflecting a growth of about 7.2%[33] - Current liabilities rose to ¥838,488,002.58 from ¥776,867,427.41, indicating an increase of approximately 7.9%[33] - Total equity attributable to shareholders rose to ¥1,409,052,775.34 from ¥1,265,657,292.97, an increase of approximately 11.3%[35] Cash Flow - Net cash flow from operating activities decreased by 17.83% to CNY 21,028,978.60 compared to CNY 25,591,576.28 in the same period last year[12] - The net cash flow from financing activities increased in Q1 2020, mainly due to capital increase by subsidiaries[23] - Cash flow from financing activities generated CNY 56,480,000.00 in Q1 2020, slightly down from CNY 58,350,000.00 in Q1 2019[64] - The net increase in cash and cash equivalents for Q1 2020 was CNY 22,832,914.41, compared to a decrease of CNY 5,064,606.55 in Q1 2019[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,809[18] - The largest shareholder, Chai Xiu, holds 18.59% of the shares, with 76,103,632 shares pledged[18] Expenses - Sales expenses increased by 133.76% year-on-year in Q1 2020, primarily due to increased advertising and promotional expenses[23] - R&D expenses increased by 148.33% year-on-year in Q1 2020, reflecting the company's increased investment in new product development[23] - Research and development expenses increased to ¥5,376,110.81 in Q1 2020, up from ¥2,164,897.08 in Q1 2019, indicating a focus on innovation[45] Government Support - The company received government subsidies amounting to CNY 508,431.28 during the reporting period[15] Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company completed the transfer of 20,467,853 shares (5.00% of total shares) to Inner Mongolia Mengniu Dairy Industry Co., Ltd. as part of a strategic investment agreement[23]