ADD(SH:603089)2020-04-27 16:00Financial Performance - Operating revenue decreased by 34.19% to CNY 186,719,744.93 year-on-year[5] - Net profit attributable to shareholders decreased by 83.52% to CNY 4,940,717.13 compared to the same period last year[5] - Basic earnings per share decreased by 84.21% to CNY 0.03 compared to the previous year[5] - The weighted average return on equity decreased by 3.18 percentage points to 0.59%[5] - Net profit for Q1 2020 was ¥10,710,570.99, a decline of 71.7% from ¥37,831,894.99 in Q1 2019[33] - The company reported a net profit of -4,228,374.13 CNY for Q1 2020, compared to a net profit of 9,407,322.16 CNY in Q1 2019, indicating a significant decline in profitability[37] - Total operating revenue for Q1 2020 was ¥186,719,744.93, a decrease of 34.2% compared to ¥283,730,658.36 in Q1 2019[32] - Total comprehensive income for Q1 2020 was ¥10,712,514.51, significantly lower than ¥37,831,894.99 in Q1 2019[34] Assets and Liabilities - Total assets increased by 10.16% to CNY 1,712,167,526.44 compared to the end of the previous year[5] - The company's total liabilities increased to ¥541,013,247.82 in Q1 2020, compared to ¥271,641,946.84 in Q1 2019, reflecting a growth of 99.0%[30] - Total liabilities reached ¥713,130,219.48, compared to ¥587,305,762.26, marking an increase of approximately 21.39%[26] - The company's equity attributable to shareholders rose to ¥848,263,082.45 from ¥821,912,089.55, an increase of about 3.19%[26] - Current assets totaled ¥864,663,546.71, up from ¥721,785,704.27, indicating a rise of about 19.73%[24] Cash Flow - Cash flow from operating activities decreased by 18.48% to CNY 35,101,551.48 year-on-year[5] - Operating cash flow for Q1 2020 was 35,101,551.48 CNY, down from 43,057,748.03 CNY in Q1 2019, reflecting a decrease of approximately 18.5% year-over-year[40] - The company experienced a cash inflow of 321,820,000.00 CNY from financing activities in Q1 2020, significantly higher than 60,000,000.00 CNY in Q1 2019[41] - Cash and cash equivalents at the end of Q1 2020 increased to 142,577,539.98 CNY from 121,911,000.50 CNY at the end of Q1 2019, marking an increase of approximately 17%[41] - The net increase in cash and cash equivalents was $65,565,889.66, compared to a decrease of $17,530,437.69 in the previous period[44] Shareholder Information - The total number of shareholders reached 8,665 at the end of the reporting period[9] - Zhejiang Zhengyu Investment Co., Ltd. holds 47.17% of the shares, with 26,624,294 shares pledged[9] Investment and Financing Activities - The net cash flow from financing activities for Q1 2020 was approximately ¥211.17 million, a substantial increase of 844.34% compared to the same period in 2019[17] - The company issued convertible bonds totaling ¥290 million, with a net fundraising amount of approximately ¥285.59 million after deducting issuance costs[18] - The company incurred a loss of -186,321,670.13 CNY from investment activities in Q1 2020, compared to a loss of -38,446,059.11 CNY in Q1 2019, indicating a worsening investment performance[40] Operational Metrics - The company's cash and cash equivalents increased by 44.15% from ¥136.66 million at the end of 2019 to ¥196.99 million at the end of Q1 2020[13] - The company reported a significant increase in other income, which rose by 50.93% to approximately ¥7.36 million compared to ¥4.88 million in the previous year[14] - The company experienced a 54.52% decrease in notes receivable, dropping from ¥3.91 million to approximately ¥1.78 million[13] - Research and development expenses for Q1 2020 were ¥8,518,717.90, a decrease of 24.5% compared to ¥11,265,063.01 in Q1 2019[33] Miscellaneous - The company has not disclosed any new product or technology developments in this report[5] - There are no significant mergers or acquisitions reported during this period[5] - The company did not apply new revenue and lease standards for the current year[44] - There were no adjustments made to prior period comparative data due to the new revenue and lease standards[44] - The company did not have an applicable audit report for the current period[44]