Tederic(SH:603289)2020-04-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 44.90% to CNY 13,914,267.47 year-on-year[6] - Operating revenue fell by 30.11% to CNY 126,172,597.73 compared to the same period last year[6] - The company did not anticipate significant changes in net profit compared to the previous year, indicating stability in financial performance despite external challenges[13] - Net profit for Q1 2020 was ¥15,641,786.02, representing a decline of 26.7% from ¥21,288,073.91 in Q1 2019[26] - The company recorded a comprehensive income total of ¥13,039,595.99 for Q1 2020, down from ¥25,240,641.08 in Q1 2019[24] Cash Flow - Net cash flow from operating activities was negative at CNY -35,521,668.17, a decrease of 223.81% year-on-year[6] - Cash flow from operating activities showed a net outflow of ¥35,521,668.17 in Q1 2020, compared to a net inflow of ¥28,689,754.93 in Q1 2019[28] - The company reported a decrease in cash flow from operating activities, with total cash outflow of ¥138,661,850.48 in Q1 2020, down from ¥152,074,761.49 in Q1 2019[28] - The cash flow from operating activities was impacted by a significant decrease in cash received from sales, which fell to $88.24 million from $169.00 million year-over-year[30] Assets and Liabilities - Total assets increased by 0.48% to CNY 1,412,212,799.81 compared to the end of the previous year[6] - Total liabilities decreased to CNY 369,821,459.45 from CNY 376,308,400.28, showing a reduction in financial obligations[16] - Cash and cash equivalents decreased to CNY 467,754,200.65 from CNY 513,059,189.57, reflecting a decline in liquidity[14] - Accounts receivable increased to CNY 305,812,665.64 from CNY 287,797,187.10, indicating a rise in outstanding payments[14] Shareholder Information - The number of shareholders reached 13,446, with the top ten shareholders holding 80.55% of the shares[9] Operational Metrics - The weighted average return on equity decreased by 1.25 percentage points to 1.34%[6] - The company experienced a 31.82% decrease in accounts payable to CNY 84,124,200.46, attributed to the settlement of bank acceptance bills[12] - The company reported a significant reduction in employee compensation payable, down 43.91% to CNY 7,586,928.87 from CNY 13,525,531.35[15] Revenue and Expenses - Other income increased by 156.32% to CNY 2,398,872.75, primarily due to increased government subsidies[13] - Financial expenses showed a significant decrease of 321.16%, resulting in a net financial income of -CNY 4,554,185.15, attributed to foreign exchange gains[13] - Total operating costs for Q1 2020 were ¥111,326,099.92, down 28.1% from ¥154,838,388.99 in Q1 2019[23] - Research and development expenses for Q1 2020 were ¥6,884,414.74, down 18.7% from ¥8,474,179.81 in Q1 2019[23] Investment Activities - Total cash inflow from investment activities was ¥0.00 in Q1 2020, compared to ¥60,497,130.42 in Q1 2019[28] - The net cash flow from investing activities was -$2.09 million in Q1 2020, compared to -$63.98 million in Q1 2019, indicating an improvement[31] - The company did not report any cash inflow from financing activities in Q1 2020, compared to $1.54 million in Q1 2019[31]