MYSE(SH:601615)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 277.59% to CNY 147.36 million year-on-year[4] - Operating revenue surged by 70.56% to CNY 2.98 billion compared to the same period last year[4] - Basic earnings per share increased by 175.00% to CNY 0.11 compared to the same period last year[5] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 423.49% to CNY 150.31 million[4] - The company reported a net profit increase, with retained earnings rising to CNY 1,772,409,440.75, a 42.24% increase from CNY 1,246,102,109.73 in the previous year[13] - Net profit for Q1 2020 amounted to ¥144,445,752.05, up from ¥35,727,767.74 in Q1 2019, indicating a year-over-year increase of 304.5%[27] - The total comprehensive income for Q1 2020 was ¥145,097,992.61, significantly higher than ¥34,275,017.70 in Q1 2019, showing an increase of 323.5%[28] Revenue and Costs - The company's revenue for Q1 2020 reached CNY 2,977,884,917.53, a 70.56% increase compared to CNY 1,745,910,591.84 in Q1 2019, primarily due to an increase in turbine delivery volume[14] - Operating costs for Q1 2020 were CNY 2,306,349,313.83, reflecting a 73.38% increase from CNY 1,330,210,978.34 in Q1 2019, in line with revenue growth[14] - Total revenue for Q1 2020 reached ¥2,977,884,917.53, a significant increase of 70.5% compared to ¥1,745,910,591.84 in Q1 2019[26] - The company reported a significant increase in sales revenue from goods and services, totaling RMB 6,544,577,094.21 in Q1 2020, compared to RMB 1,014,959,505.07 in Q1 2019, marking a growth of approximately 544%[32] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 1.25 billion, a 282.77% increase year-on-year[4] - The net cash flow from operating activities for Q1 2020 was CNY 1,246,037,454.03, a significant improvement of 282.77% compared to a negative cash flow of CNY -681,759,782.87 in Q1 2019, driven by increased sales collections and customer prepayments[16] - In Q1 2020, the net cash flow from operating activities was ¥1,304,352,334.99, a significant improvement compared to a negative cash flow of ¥652,025,948.25 in Q1 2019, representing a turnaround of over 300%[34] - Cash inflow from operating activities totaled ¥6,447,332,793.72, while cash outflow was ¥5,142,980,458.73, resulting in a net cash inflow of ¥1,304,352,334.99[34] Assets and Liabilities - Total assets increased by 9.90% to CNY 38.13 billion compared to the end of the previous year[4] - Total assets increased to ¥38,130,805,545.55, up from ¥34,695,611,037.01, representing a growth of approximately 12.5% year-over-year[22] - Total liabilities reached ¥30,495,612,818.39, up from ¥27,603,639,445.69, marking an increase of around 10.3%[21] - Long-term borrowings increased to ¥3,520,709,340.77 from ¥2,848,502,023.20, a rise of approximately 23.5%[21] - The total amount of contract liabilities reached CNY 10,658,333,944.62, reflecting a reclassification from deferred revenue due to new revenue recognition standards[13] - Total liabilities rose to ¥25,340,824,949.98, up from ¥22,784,913,221.12, marking an increase of 11.2% year-over-year[25] Shareholder Information - The number of shareholders reached 50,905 by the end of the reporting period[8] - The top ten shareholders held a combined 73.73% of the total shares, with the largest shareholder owning 16.69%[8] Research and Development - Research and development expenses increased by 37.95% to CNY 86,595,920.78 in Q1 2020 from CNY 62,774,391.12 in Q1 2019, indicating a rise in investment in R&D[15] - Research and development expenses for Q1 2020 were ¥86,595,920.78, up from ¥62,774,391.12 in Q1 2019, indicating a year-over-year increase of 37.9%[26] Financial Adjustments - The company implemented new revenue recognition standards, resulting in significant adjustments to various financial statement items[45] - The reclassification of "prepayments" resulted in a reduction of ¥6,853,465,384.14, while "contract liabilities" increased by ¥7,551,695,119.97 due to this reclassification[45]