BEKEN(SH:603068)2020-04-29 16:00Financial Performance - Operating income increased by 7.47% to CNY 135,543,679.47 year-on-year[5] - Net profit attributable to shareholders decreased by 8.02% to CNY 14,148,382.81 compared to the same period last year[5] - Total operating revenue for Q1 2020 was ¥135,543,679.47, an increase of 7.1% compared to ¥126,127,879.57 in Q1 2019[27] - Total operating costs for Q1 2020 were ¥111,154,092.09, up from ¥108,740,945.83 in Q1 2019, representing a 3.9% increase[27] - Net profit for Q1 2020 was ¥15,657,077.75, a decrease of 4.4% from ¥16,382,548.26 in Q1 2019[28] - The company reported a profit margin of 11.5% in Q1 2020, down from 12.9% in Q1 2019[28] - Total comprehensive income for Q1 2020 was ¥15,700,650.63, compared to ¥16,234,560.42 in Q1 2019, reflecting a decline of 3.3%[28] Cash Flow and Management - Cash flow from operating activities increased significantly by 256.43% to CNY 6,834,079.63[5] - Cash received from sales of goods and services rose by 70.25% to ¥240,976,544.71, driven by the recovery of accounts receivable from 2019[18] - Cash payments for purchasing goods and services increased by 81.25% to ¥201,889,340.03, reflecting payments for due procurement[18] - The company reported a net cash outflow from investing activities of ¥320,191,899.91, a substantial increase from ¥37,531,028.19 in Q1 2019[34] - The company experienced a net cash outflow of ¥368,942,936.29 in Q1 2020, compared to a smaller outflow of ¥2,120,084.20 in Q1 2019[34] - The total cash inflow from operating activities for the parent company was ¥75,234,013.61, up from ¥12,322,304.19 in Q1 2019[36] - The parent company reported a net cash flow from operating activities of ¥739,299.57, recovering from a loss of ¥18,430,009.83 in the previous year[36] Assets and Liabilities - Total assets decreased by 9.13% to CNY 1,452,318,938.46 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 43.78% to CNY 473,823,754.98 due to cash management of idle funds[11] - Accounts receivable decreased by 41.17% to CNY 183,246,802.75 as a result of collection efforts[11] - Total liabilities decreased from CNY 336,132,498.95 to CNY 174,449,957.28, a decline of about 48.0%[20] - Current liabilities decreased from CNY 330,512,498.95 to CNY 159,369,957.28, a reduction of about 51.8%[20] - Non-current liabilities decreased from CNY 5,620,000.00 to CNY 15,080,000.00, an increase of approximately 168.5%[20] - Owner's equity increased from CNY 1,262,168,330.55 to CNY 1,277,868,981.18, an increase of approximately 1.2%[20] Shareholder Information - The number of shareholders reached 24,211 at the end of the reporting period[8] - The largest shareholder, Beken Corporation, holds 21.87% of the shares[8] Investment and Expenses - Investment income increased significantly by 760.77% to ¥2,172,342.47, attributed to an increase in cash management balances[18] - R&D expenses for Q1 2020 amounted to ¥18,799,199.46, an increase of 15.9% from ¥16,213,534.26 in Q1 2019[27] - The company experienced a credit impairment loss of ¥2,661,835.09 in Q1 2020, compared to no losses in Q1 2019[27] Changes in Financial Reporting - The company implemented new revenue and lease standards starting in 2020, affecting the financial statements[38] - The company has implemented new revenue recognition standards effective from January 1, 2020, impacting financial reporting[41]