NOVEL OPTICS(SH:603297)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 19.38% to CNY 30,813,869.50 year-on-year[11] - Operating income rose by 5.20% to CNY 123,989,640.21 compared to the same period last year[11] - Basic earnings per share increased by 16.67% to CNY 0.28[11] - Total operating revenue for Q1 2020 was CNY 123,989,640.21, an increase of 5.4% compared to CNY 117,861,502.07 in Q1 2019[43] - Net profit for Q1 2020 was CNY 30,813,869.50, up 19.4% from CNY 25,811,322.44 in Q1 2019[45] - Operating profit for Q1 2020 reached CNY 29,800,324.52, up 28.5% from CNY 23,216,758.84 in Q1 2019[49] - Total comprehensive income for Q1 2020 was CNY 25,212,314.77, compared to CNY 20,295,006.87 in Q1 2019[51] Cash Flow - Net cash flow from operating activities surged by 100.87% to CNY 21,569,823.77 compared to the previous year[11] - Cash flow from operating activities for Q1 2020 was CNY 21,569,823.77, compared to CNY 10,738,319.47 in Q1 2019, indicating a significant improvement[55] - In Q1 2020, the company reported a net cash flow from operating activities of CNY 34,940,715.90, a significant increase from CNY 3,595,603.51 in Q1 2019, representing a growth of approximately 871%[57] - The total cash inflow from operating activities was CNY 133,395,897.43, compared to CNY 95,899,312.25 in the same period last year, indicating a year-over-year increase of about 39%[57] - The company reported a net cash flow from investment activities of CNY -242,696,708.52 in Q1 2020, contrasting with CNY 10,488,811.50 in Q1 2019[55] - The company experienced a net cash outflow from investing activities of CNY 233,184,987.53, contrasting with a net inflow of CNY 13,716,372.52 in Q1 2019, highlighting a significant shift in investment strategy[59] Assets and Liabilities - Total assets increased by 2.02% to CNY 1,291,551,681.43 compared to the end of the previous year[11] - Total current assets increased to ¥879,436,950.47 from ¥860,299,136.31 year-over-year[28] - Non-current assets totaled ¥412,114,730.96, slightly up from ¥405,702,290.18, indicating a 1.0% increase[31] - Total liabilities decreased to ¥105,652,858.41 from ¥137,266,517.45, a decline of about 23.0%[33] - Shareholders' equity rose to ¥1,185,898,823.02 from ¥1,128,734,909.04, an increase of approximately 5.1%[33] Expenses - Management expenses rose by 60.73% to ¥9,468,754.47 from ¥5,891,052.61 year-over-year[23] - R&D expenses increased by 35.92% to ¥10,788,346.27 from ¥7,937,082.81 year-over-year[23] - Research and development expenses increased to CNY 10,788,346.27, up 36.5% from CNY 7,937,082.81 in Q1 2019[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,454[17] - The largest shareholder, Yongxin Optoelectronics Industry Co., Ltd., holds 29.14% of the shares[17] Government Support - The company received government subsidies amounting to CNY 2,294,572.23 during the reporting period[15] Other Financial Metrics - The weighted average return on net assets increased by 0.09 percentage points to 2.57%[11] - The company reported a credit impairment loss of ¥498,329.26, a significant increase compared to a loss of -¥36,553.51 in the previous year[23] - Other comprehensive income after tax was CNY 34,645.31, compared to a loss of CNY 95,991.30 in Q1 2019[45] - The company achieved a gross profit margin of approximately 26.0% in Q1 2020, compared to 19.0% in Q1 2019[43] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[45] Changes in Financial Reporting - The company has adopted new revenue and leasing standards starting January 1, 2020, which may affect future financial reporting and performance metrics[60]