TECHMATION(SH:603015)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 19.52% to CNY 7,630,561.94 year-on-year[6] - Operating revenue decreased by 1.31% to CNY 135,051,626.43 compared to the same period last year[6] - Total revenue for Q1 2020 was CNY 135,051,626.43, a decrease of 1.3% compared to CNY 136,848,276.21 in Q1 2019[24] - Net profit for Q1 2020 was CNY 5,930,408.18, an increase of 10.6% from CNY 5,361,094.78 in Q1 2019[25] - Total operating costs for Q1 2020 were CNY 133,369,660.42, down from CNY 135,340,149.81 in Q1 2019, reflecting a cost reduction of approximately 1.4%[24] Cash Flow - Net cash flow from operating activities improved significantly, increasing by 119.52% to CNY 6,453,026.07[6] - Net cash flow from operating activities increased by 119.52% to 6,453,026.07 from -33,050,571.64, primarily due to reduced payment for goods[13] - Cash flow from operating activities generated a net inflow of ¥6,453,026.07, a significant improvement from a net outflow of ¥33,050,571.64 in Q1 2019[30] - The net cash flow from operating activities was CNY 25,745,719.20, a significant increase from CNY 902,939.28 in Q1 2019, representing a growth of approximately 2,757%[32] - Total cash inflow from operating activities was CNY 80,865,470.49, compared to CNY 76,606,399.32 in the same period last year, indicating an increase of about 5.9%[32] Assets and Liabilities - Total assets increased by 1.43% to CNY 1,768,569,922.06 compared to the end of the previous year[6] - Total current assets as of March 31, 2020, amounted to 1,175,491,458.90, up from 1,143,587,894.61 as of December 31, 2019[17] - Total liabilities increased to 542,411,928.50 from 525,877,258.96, reflecting a rise in short-term borrowings[19] - The company's total equity as of March 31, 2020, was 1,226,157,993.56, up from 1,217,753,788.40[19] - The total liabilities increased to CNY 294,088,721.28 from CNY 253,435,151.95, indicating a rise of 16.1%[22] Shareholder Information - The company reported a total of 21,610 shareholders at the end of the reporting period[10] Expenses - Financial expenses decreased by 78.11% to -392,409.82 from -1,792,702.56 due to reduced interest income[12] - Research and development expenses for Q1 2020 were CNY 15,262,058.90, a decrease of 8.6% compared to CNY 16,697,210.76 in Q1 2019[24] - The company experienced a decrease in R&D expenses to ¥4,144,893.89 in Q1 2020 from ¥5,123,304.40 in Q1 2019, reflecting a focus on cost management[27] Cash and Cash Equivalents - The company's cash and cash equivalents increased to 455,634,536.76 from 441,185,063.78[17] - Cash and cash equivalents at the end of Q1 2020 totaled ¥314,897,793.76, up from ¥306,295,542.83 at the end of Q1 2019[31] - The total cash and cash equivalents at the end of Q1 2020 were CNY 165,979,258.49, compared to CNY 97,653,750.42 at the end of Q1 2019, an increase of approximately 69.9%[33] - The company experienced a net increase in cash and cash equivalents of CNY 55,916,265.71, contrasting with a decrease of CNY 46,981,207.81 in the previous year[33] Investment Activities - Net cash flow from investing activities increased by 291.26% to 44,496,720.84 from -23,265,236.18, mainly due to decreased investment payments[13] - Investment activities generated a net cash inflow of ¥44,529,781.11 in Q1 2020, compared to a net outflow of ¥23,265,236.18 in Q1 2019[30] - The net cash flow from investing activities was CNY 25,871,098.83, a turnaround from a negative CNY 56,039,997.28 in Q1 2019[33] Financing Activities - Net cash flow from financing activities increased by 864.30% to 11,692,336.69 from -1,529,812.19, primarily due to increased bank borrowings[13] - The net cash flow from financing activities was CNY 5,314,337.27, down from CNY 8,090,360.23 in Q1 2019, a decrease of about 34.7%[33]