Carthane(SH:603037)2020-04-29 16:00Financial Performance - Operating revenue fell by 37.40% to CNY 86,726,266.52 year-on-year[5] - Net profit attributable to shareholders decreased by 75.58% to CNY 9,837,438.94 compared to the same period last year[5] - Basic earnings per share dropped by 73.68% to CNY 0.10[5] - The company's operating revenue for Q1 2020 was ¥86,726,266.52, a decrease of 37.4% compared to ¥138,538,479.29 in Q1 2019, primarily due to the impact of the pandemic[11] - Net profit attributable to shareholders for Q1 2020 was ¥9,837,438.94, down 75.6% from ¥40,284,484.32 in Q1 2019, reflecting the decline in revenue[11] - Operating profit for Q1 2020 was ¥10,429,311.97, down 76.4% from ¥44,069,514.25 in Q1 2019[22] - Net profit for Q1 2020 was ¥9,631,707.40, a decline of 76.2% compared to ¥40,457,816.66 in Q1 2019[22] - Total operating profit for Q1 2020 was CNY 17.51 million, a decrease of 38.8% from CNY 28.70 million in Q1 2019[25] Cash Flow and Liquidity - Net cash flow from operating activities increased by 97.84% to CNY 36,376,014.50 year-on-year[5] - Cash received from operating activities decreased by 44.4% to ¥2,208,771.61 in Q1 2020 from ¥3,975,744.07 in Q1 2019, attributed to a drop in subsidy income[11] - The company's cash and cash equivalents increased to ¥296,492,378.92 as of March 31, 2020, compared to ¥283,384,676.76 at the end of 2019[14] - Cash and cash equivalents increased to ¥283,652,044.34 in Q1 2020 from ¥253,892,456.93 at the end of 2019[19] - The net increase in cash and cash equivalents for the period was $29,759,587.41, bringing the ending balance to $283,652,044.34[32] - The beginning balance of cash and cash equivalents was $253,892,456.93, indicating a strong liquidity position[32] Assets and Liabilities - Total assets decreased by 0.84% to CNY 932,953,164.11 compared to the end of the previous year[5] - The total assets as of March 31, 2020, were ¥932,953,164.11, a slight decrease from ¥940,826,470.42 as of December 31, 2019[14] - Total liabilities decreased to ¥150,719,770.82 in Q1 2020 from ¥158,871,776.85 in Q4 2019[20] - Other non-current assets increased by 44.72% to CNY 70,782,969.59 due to increased investment in research and development projects[10] - Deferred income tax assets rose by 46.47% to CNY 4,012,734.39 due to timing differences in income tax[10] Shareholder Information - The total number of shareholders reached 10,319[9] - The largest shareholder, Yang Yingtao, holds 20.88% of the shares[9] - The company has no controlling shareholder or actual controller as of the report date, following the expiration of the concerted action agreement[12] Research and Development - Research and development expenses for Q1 2020 were ¥6,068,898.80, compared to ¥5,498,549.75 in Q1 2019, reflecting a 10.4% increase[21] - Research and development expenses increased to CNY 4.99 million, up 40.0% from CNY 3.56 million in Q1 2019[25] Other Financial Metrics - The company reported a total of CNY 1,035,305.26 in non-recurring gains and losses[8] - The company's financial expenses increased by 323.1% to -¥2,715,125.99 in Q1 2020, compared to -¥641,648.16 in Q1 2019, due to differences in cash management income and exchange rate fluctuations[11] - Other income for Q1 2020 was ¥1,218,000.00, down from ¥3,500,000.00 in Q1 2019[22] - Total cash inflow from operating activities was CNY 140.80 million, down 7.3% from CNY 151.92 million in Q1 2019[28] - Total cash outflow from operating activities was CNY 104.42 million, a decrease of 21.8% compared to CNY 133.53 million in Q1 2019[28] - Investment activities generated a net cash outflow of CNY 24.11 million in Q1 2020, compared to a net inflow of CNY 83.33 million in Q1 2019[29]