ECH(SH:603200)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 30.22% to CNY 24,721,384.30 year-on-year[6] - Operating revenue decreased by 12.00% to CNY 128,554,142.16 compared to the same period last year[6] - Basic earnings per share increased by 29.24% to CNY 0.2440[6] - The decline in revenue was primarily due to the impact of COVID-19, affecting production and logistics[8] - The increase in net profit was attributed to higher sales in civil chemical products and reduced operational costs due to government support[8] - Total operating revenue for Q1 2020 was ¥128,554,142.16, a decrease of 12.0% compared to ¥146,092,521.90 in Q1 2019[31] - Net profit for Q1 2020 reached ¥23,815,144.63, an increase of 32.1% from ¥18,062,721.77 in Q1 2019[32] - The company’s total comprehensive income for Q1 2020 was ¥23,869,262.99, up from ¥18,062,721.77 in Q1 2019, marking a growth of 32.3%[33] Assets and Liabilities - Total assets increased by 2.01% to CNY 1,096,041,381.33 compared to the end of the previous year[6] - Current assets totaled CNY 891,921,804.96, slightly up from CNY 885,287,917.48, indicating a marginal increase of about 1.8%[22] - The company's total liabilities decreased to CNY 264,335,206.58 from CNY 267,135,813.78, representing a reduction of approximately 1.0%[23] - Shareholders' equity rose to CNY 831,706,174.75, compared to CNY 807,342,753.83, marking an increase of about 3.0%[25] - Total assets amounted to CNY 1,074,478,567.61, with non-current assets totaling CNY 189,190,650.13[44] - Current liabilities totaled CNY 265,325,510.27, while total liabilities reached CNY 267,135,813.78[45] Cash Flow - Net cash flow from operating activities improved by 71.79%, reaching CNY -10,507,363.07[6] - Cash flow from investment activities surged by 249.98% to ¥4,236,210.58, driven by new fixed assets from subsidiaries[15] - Cash flow from financing activities increased by 43.24% to ¥36,739,504.50, reflecting changes in bank loans and repayments[15] - Operating cash inflow for Q1 2020 was CNY 167,227,605.63, up from CNY 109,831,900.00 in Q1 2019, representing a growth of 52.0%[40] - Net cash flow from operating activities for Q1 2020 was CNY 29,603,446.67, compared to a net outflow of CNY 33,856,875.60 in Q1 2019[40] - Cash inflow from financing activities was CNY 36,739,504.50 in Q1 2020, an increase of 43.0% from CNY 25,648,482.02 in Q1 2019[42] Expenses and Income - Sales expenses increased by 32.70% to ¥4,230,646.22, mainly due to rising labor costs[15] - Other income increased significantly, with a reported amount of ¥1,277,343.41, primarily from tax refunds[15] - Investment income decreased by 32.94% to ¥1,070,831.02, due to reduced financial management returns[15] - The company received government subsidies, contributing to a substantial increase in non-operating income, which rose by 1319.98% to ¥1,914,376.37[15] - The company reported a significant increase in non-operating expenses, which rose to ¥1,383,800.00, primarily due to donations for pandemic prevention[15] Shareholder Information - The total number of shareholders reached 5,683 by the end of the reporting period[12] - The company decided to accept a court ruling regarding a significant default event related to a private fund investment, foregoing an appeal[18]