Cynda(SH:603086)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 38.57% to CNY 24,946,636.61 year-on-year[7] - Operating revenue rose by 2.10% to CNY 368,138,134.73 compared to the same period last year[7] - Basic earnings per share decreased by 38.89% to CNY 0.22[7] - Total profit decreased by 31.62% to ¥34.96 million from ¥51.13 million[12] - Net profit for Q1 2020 was CNY 24,946,636.61, down from CNY 40,607,458.92 in Q1 2019, reflecting a decrease of approximately 38.67%[25] - The net profit for Q1 2020 was ¥4,962,516.98, down 88.8% from ¥44,325,069.35 in Q1 2019[29] - The total comprehensive income for Q1 2020 was ¥4,962,516.98, significantly lower than ¥44,325,069.35 in Q1 2019[30] - The operating profit for Q1 2020 was ¥6,676,864.26, a decline of 87.2% from ¥52,227,962.71 in Q1 2019[29] Assets and Liabilities - Total assets increased by 7.30% to CNY 2,472,334,266.77 compared to the end of the previous year[7] - Cash and cash equivalents decreased by 38.44% to ¥318.50 million from ¥517.41 million[12] - The company's total assets as of March 31, 2020, amounted to CNY 1,735,908,505.52, compared to CNY 1,577,122,340.16 at the end of 2019, showing an increase of about 10.06%[20] - Total liabilities as of March 31, 2020, were CNY 379,637,461.50, compared to CNY 227,034,702.88 at the end of 2019, representing an increase of approximately 67.4%[20] - The total assets of the company as of Q1 2020 were 2,304,145,473.28 RMB, unchanged from the previous reporting period[37] - Total liabilities amounted to ¥746,969,092.58, with current liabilities at ¥588,425,390.84 and non-current liabilities at ¥158,543,701.74[38] Cash Flow - Net cash flow from operating activities improved by 93.53%, reaching CNY -5,625,279.46[7] - The net cash flow from operating activities improved by 93.53%, reaching -¥5.63 million from -¥86.97 million[12] - Cash inflow from operating activities in Q1 2020 was ¥343,002,617.22, compared to ¥360,421,773.70 in Q1 2019[32] - The cash outflow for operating activities was 222,181,917.31 RMB, down from 310,446,029.40 RMB in the previous year, reflecting a 28.4% decrease[34] - The net cash flow from operating activities for Q1 2020 was -54,965,139.88 RMB, an improvement from -102,204,126.83 RMB in Q1 2019, indicating a 46.1% reduction in losses[34] Shareholder Information - The number of shareholders at the end of the reporting period was 9,701[10] - The largest shareholder, Wang Xianquan, holds 33.52% of the shares[10] Expenses - Research and development expenses increased by 39.87% to ¥19.23 million from ¥13.75 million[12] - Sales expenses increased by 28.93% to ¥8.90 million from ¥6.90 million[12] - Research and development expenses for Q1 2020 were CNY 19,234,223.50, up from CNY 13,751,397.53 in Q1 2019, indicating an increase of about 40.0%[25] - The company reported a decrease in financial expenses from CNY 6,542,410.28 in Q1 2019 to CNY 693,195.15 in Q1 2020, a reduction of about 89.4%[25] Government Support - The company received government subsidies amounting to CNY 627,431.64, closely related to its normal business operations[7] Investment Activities - The company reported a financial loss of ¥1,457,038.85 from investments in Q1 2020, contrasting with a profit of ¥912,205.10 in Q1 2019[29] - Cash inflow from investment activities totaled 421,488,734.72 RMB, compared to 253,212,205.10 RMB in the same period last year, representing a 66.5% increase[34] - The net cash flow from investment activities was -72,652,765.08 RMB, worsening from -18,062,563.90 RMB in Q1 2019[34] Equity - The company's total equity as of March 31, 2020, was CNY 1,356,271,044.02, slightly up from CNY 1,350,087,637.28 at the end of 2019, reflecting a growth of approximately 0.82%[20] - Total equity reached ¥1,557,176,380.70, including paid-in capital of ¥112,000,000.00 and retained earnings of ¥904,577,918.54[38] - The total equity attributable to shareholders was ¥1,350,087,637.28, with a capital reserve of ¥448,515,471.88[41]