YAPP(SH:603013)2020-04-24 16:00Financial Performance - Net profit attributable to shareholders increased by 25.62% to CNY 79,170,690.81 compared to the same period last year[12] - Operating income decreased by 3.45% to CNY 1,693,006,221.29 compared to the same period last year[12] - Basic earnings per share rose by 25.00% to CNY 0.15 compared to the same period last year[12] - The weighted average return on net assets increased by 0.39 percentage points to 2.45% compared to the same period last year[12] - Net profit for Q1 2020 reached ¥84,953,575.63, an increase of 27.8% compared to ¥66,488,187.12 in Q1 2019[47] - The company reported a profit before tax of ¥95,154,622.09, up from ¥75,838,149.97 in Q1 2019[47] - The net profit for Q1 2020 was approximately ¥30.48 million, down from ¥34.92 million in Q1 2019, representing a decline of 12.5%[51] - The total comprehensive income for Q1 2020 was approximately ¥30.48 million, compared to ¥34.92 million in Q1 2019[51] Cash Flow - Net cash flow from operating activities increased significantly by 349.61% to CNY 487,536,191.19 compared to the same period last year[12] - Net cash inflow from operating activities was CNY 488 million, an increase of CNY 379 million year-on-year, mainly due to the recovery of funds from bank acceptance bills[27] - The cash inflow from operating activities totaled approximately ¥2.26 billion in Q1 2020, compared to ¥1.67 billion in Q1 2019, an increase of 35.2%[54] - Operating cash flow net amount for Q1 2020 was CNY 404,721,632.86, a significant increase from CNY 35,233,862.55 in Q1 2019, representing a growth of approximately 1,149%[56] - Cash inflow from operating activities totaled CNY 1,271,319,644.10 in Q1 2020, up from CNY 863,975,922.33 in Q1 2019, reflecting a growth of approximately 47%[56] Assets and Liabilities - Total assets decreased by 9.00% to CNY 6,196,614,292.63 compared to the end of the previous year[12] - Total liabilities decreased from 3,468,124,623.89 to 2,866,721,289.20, a reduction of approximately 17.3%[36] - Current liabilities decreased from 2,825,290,644.75 to 2,356,637,325.08, a decline of about 16.6%[36] - Long-term borrowings decreased from 516,238,800.00 to 375,510,300.00, representing a decrease of approximately 27.2%[36] - Total equity attributable to shareholders decreased from 3,243,245,637.88 to 3,226,192,945.14, a decline of approximately 0.5%[38] - The total assets as of Q1 2020 amounted to CNY 6,809,287,435.24, remaining stable compared to the previous year[60] - Total liabilities amounted to approximately $3.47 billion, with current liabilities at $2.83 billion and non-current liabilities at $642.83 million[64] Shareholder Information - The total number of shareholders reached 19,101 at the end of the reporting period[18] - The largest shareholder, Guotou High-tech Investment Co., Ltd., holds 49.09% of the shares[18] Expenses - Sales expenses decreased by CNY 20.16 million year-on-year, mainly due to the reclassification of product transportation costs to operating costs[22] - Financial expenses decreased by CNY 17.85 million year-on-year, primarily due to exchange rate effects, with a net exchange gain of CNY 15.31 million this period[22] - Research and development expenses for Q1 2020 were ¥40,415,010.01, a decrease of 23.06% from ¥52,548,966.08 in Q1 2019[47] - The company recorded a financial expense of approximately ¥3.91 million in Q1 2020, down from ¥5.21 million in Q1 2019, a decrease of 25.0%[49] Government Subsidies and Other Income - The company reported a government subsidy of CNY 6,034,464.82 recognized in the current period[14] - Other income increased by CNY 1.7 million year-on-year, primarily due to an increase in government subsidies received[22] Inventory and Receivables - Accounts receivable decreased by CNY 242 million, mainly due to the maturity of bank acceptance bills and endorsement transfers to suppliers[22] - Inventory decreased from 593,117,735.14 to 501,668,246.07, a reduction of about 15.4%[38]