SDICZL(SH:600962)2020-04-28 16:00Financial Performance - Operating income increased by 41.08% to CNY 261,183,663.48 year-on-year[6] - The net profit attributable to shareholders decreased by 31.16% to CNY 1,032,169.81[6] - The company reported a basic and diluted earnings per share of CNY 0.0039, down 31.58% from the previous year[6] - Net profit attributable to shareholders decreased by 31% to ¥1.03 million in Q1 2020 from ¥1.50 million in Q1 2019, mainly due to a decline in gross profit margin[14] - The company reported a net loss of CNY 265,730,627.14 in Q1 2020, compared to a net loss of CNY 264,506,181.64 in Q4 2019, indicating a slight worsening of financial performance[25] - The total comprehensive income for Q1 2020 was approximately -¥11.41 million, compared to -¥3.02 million in Q1 2019, indicating a decline[28] Cash Flow - Net cash flow from operating activities surged by 98.98% to CNY 295,573,488.86 compared to the same period last year[6] - Cash received from sales of goods and services increased by 53% to ¥407.95 million in Q1 2020 from ¥265.80 million in Q1 2019, reflecting higher cash inflows[16] - The net cash inflow from operating activities for Q1 2020 was CNY 295,573,488.86, a significant increase from CNY 148,544,241.67 in Q1 2019, representing a growth of approximately 99%[32] - Total cash inflow from operating activities amounted to CNY 466,145,636.92, compared to CNY 330,726,000.16 in the previous year, indicating a year-over-year increase of about 41%[32] - The cash flow from operating activities for Q1 2020 was approximately ¥407.95 million, compared to ¥265.80 million in Q1 2019, an increase of 53.3%[31] Assets and Liabilities - Total assets decreased by 9.16% to CNY 2,137,704,011.65 compared to the end of the previous year[6] - The company's total liabilities decreased from CNY 1,364,026,080.27 in 2019 to CNY 1,159,934,868.36 in Q1 2020, a reduction of approximately 15.0%[22] - Current assets totaled CNY 1,130,604,369.75 as of March 31, 2020, down from CNY 1,253,671,194.63 at the end of 2019, a decline of about 9.8%[23] - The total assets as of Q1 2020 were CNY 2,353,203,095.84, remaining stable compared to the previous reporting period[36] - Total liabilities amounted to CNY 1,364,026,080.27, with current liabilities at CNY 1,216,043,891.36 and non-current liabilities at CNY 147,982,188.91[39] Shareholder Information - The number of shareholders reached 17,935, with the largest shareholder holding 44.57% of the shares[8] - The total equity attributable to shareholders decreased slightly from CNY 842,792,052.54 in 2019 to CNY 829,780,902.70 in Q1 2020, a decline of about 1.4%[22] Operating Costs and Revenue - Operating costs increased by 61% to ¥211.25 million in Q1 2020 from ¥131.34 million in Q1 2019, also attributed to higher sales volume[14] - Total operating revenue for Q1 2020 was CNY 261,183,663.48, an increase of 41.0% compared to CNY 185,127,519.55 in Q1 2019[26] - Total operating costs for Q1 2020 were CNY 259,326,251.11, up from CNY 184,360,433.91 in Q1 2019, reflecting a growth of 40.7%[26] Research and Development - Research and development expenses for Q1 2020 were CNY 1,652,610.53, compared to CNY 1,324,202.57 in Q1 2019, reflecting an increase of 24.8%[26] - The company reported a significant increase in research and development expenses, which were approximately ¥1.65 million in Q1 2020, compared to ¥1.32 million in Q1 2019, a rise of 24.8%[29] Other Income and Expenses - Government subsidies recognized in the current period amounted to CNY 1,138,090.76, primarily from the Beijing Municipal Bureau of Commerce[8] - The company reported a significant increase in other income, with investment income improving by 71% to a loss of ¥112.25 thousand in Q1 2020 from a loss of ¥393.52 thousand in Q1 2019[14] - The company incurred credit impairment losses of approximately ¥348.10 million in Q1 2020, a significant reduction from ¥4.42 million in Q1 2019[29]