NBOND(SH:603238)2020-04-23 16:00Financial Performance - Operating income rose by 36.24% to CNY 338,496,064.73 year-on-year[6] - Net profit attributable to shareholders increased by 256.02% to CNY 47,140,061.46 compared to the same period last year[6] - Basic earnings per share reached CNY 0.41, up 215.38% from CNY 0.13 in the previous year[7] - The weighted average return on equity increased by 3.55 percentage points to 5.36%[6] - Total revenue for Q1 2020 reached ¥338,496,064.73, an increase of 36.3% compared to ¥248,455,289.20 in Q1 2019[25] - The net profit for Q1 2020 was CNY 77,309,643.11, which is a 276.5% increase compared to CNY 20,484,115.36 in Q1 2019[27] - The total comprehensive income for Q1 2020 was CNY 77,309,643.11, compared to CNY 20,484,115.36 in Q1 2019, indicating significant growth[27] - The total profit for Q1 2020 reached CNY 19,801,209.45, up from CNY 9,068,427.57 in Q1 2019, showcasing improved profitability[28] Cash Flow - Cash flow from operating activities surged by 143.63% to CNY 91,082,400.17 year-to-date[6] - Net cash flow from operating activities increased by 143.63% to ¥91,082,400.17 from ¥37,385,786.29, attributed to higher cash receipts from sales[15] - Cash inflows from operating activities in Q1 2020 amounted to CNY 478,532,224.90, a substantial increase from CNY 243,983,971.46 in Q1 2019[29] - The net cash flow from operating activities was CNY 28,254,642.21, compared to CNY 6,464,873.48 in the previous year, marking a 338.5% increase[34] - Net cash flow from financing activities was CNY 152,575,389.96, a significant improvement from a net outflow of CNY 41,999,358.00 in Q1 2019[31] Assets and Liabilities - Total assets increased by 14.48% to CNY 1,841,636,916 compared to the end of the previous year[6] - Cash and cash equivalents increased by 47.31% to ¥302,452,399.45 from ¥205,311,791.58, primarily due to new bank loans during the period[13] - Total liabilities decreased to ¥123,646,355.86 from ¥131,596,035.98, indicating a reduction in financial obligations[24] - The total assets increased to ¥1,841,636,916.00 from ¥1,608,710,922.46, indicating overall growth in the company's financial position[20] - The company reported a total asset value of CNY 1,608,710,922.46 as of Q1 2020, maintaining stability compared to previous periods[37] - Total liabilities amounted to CNY 580,822,514.77, with current liabilities at CNY 562,515,146.69[38] Shareholder Information - The total number of shareholders reached 11,217 by the end of the reporting period[11] - The largest shareholder, Hangzhou Boss Industrial Group, holds 55.76% of the shares[11] - The total equity attributable to shareholders reached CNY 890,939,658.94, contributing to a total equity of CNY 1,027,888,407.69[39] Research and Development - The company reported R&D expenses of ¥9,222,872.11 for Q1 2020, up from ¥7,933,507.93 in Q1 2019, highlighting a commitment to innovation[25] - The company incurred research and development expenses of CNY 5,138,783.99 in Q1 2020, compared to CNY 4,537,244.53 in Q1 2019, reflecting a focus on innovation[28] Tax and Expenses - Income tax expenses rose significantly by 421.63% to ¥14,495,375.60 from ¥2,778,846.58, reflecting increased profits and corresponding tax liabilities[14] - The company reported a decrease in financial expenses, with a net financial cost of CNY -481,050.74 in Q1 2020, compared to CNY 1,181,129.64 in Q1 2019[28] Other Financial Metrics - Operating costs for Q1 2020 were ¥249,529,310.12, up from ¥226,015,380.15 in Q1 2019, reflecting a rise of 10.4%[25] - The company executed a new revenue recognition standard starting January 1, 2020, impacting retained earnings and financial statement items[39] - The company has not disclosed any new product developments or market expansion strategies in this report[5]