XUSHENG(SH:603305)2020-04-20 16:00Financial Performance - Operating revenue for the period was CNY 288,146,527.99, representing a 14.54% increase year-on-year[11] - Net profit attributable to shareholders increased by 34.11% to CNY 50,777,197.40 compared to the same period last year[11] - Basic earnings per share increased by 44.44% to CNY 0.13 compared to the same period last year[11] - The company reported a significant increase in capital reserve by 108.89% to CNY 804,577,881.85 due to the issuance of convertible bonds[21] - Total operating revenue for Q1 2020 was CNY 288,146,527.99, an increase of 14.5% compared to CNY 251,559,868.55 in Q1 2019[46] - Net profit for Q1 2020 reached CNY 50,777,197.40, a 34.1% increase from CNY 37,862,413.43 in Q1 2019[48] - Earnings per share for Q1 2020 was CNY 0.13, compared to CNY 0.09 in Q1 2019, representing a 44.4% increase[48] - Total comprehensive income for the period was CNY 51,866,424.55, compared to CNY 37,931,042.77 in the first quarter of 2019[54] Assets and Liabilities - Total assets increased by 4.47% to CNY 2,608,454,253.21 compared to the end of the previous year[11] - Net assets attributable to shareholders increased by 28.87% to CNY 2,000,992,523.13 compared to the end of the previous year[11] - Accounts receivable increased by 53.66% to CNY 281,598,427.84 due to delayed payments from certain customers[21] - Other non-current assets rose by 244.31% to CNY 64,504,834.31 primarily due to an increase in prepaid land bidding deposits[21] - Contract liabilities reached CNY 74,377,228.20, a new addition reflecting the reclassification of advance payments under new revenue standards[21] - Total liabilities amounted to approximately ¥607.46 million, down from ¥944.25 million, reflecting a decrease of about 35.69%[36] - Total equity increased to CNY 2,005,325,641.24 from CNY 1,555,899,232.55, marking a growth of 28.8%[46] - Total liabilities amounted to CNY 605,243,685.03, a decrease from CNY 943,900,370.15 in the previous period[46] Cash Flow - Net cash flow from operating activities decreased by 103.19% to -CNY 2,910,887.29 compared to the same period last year[11] - The cash flow from operating activities was negative at CNY -2,910,887.29, compared to a positive CNY 91,373,698.15 in the same quarter of the previous year[57] - Cash inflow from operating activities totaled ¥254,550,288.46, a decrease of 9.0% compared to ¥279,850,755.34 in the same quarter of 2019[61] - The company reported a decrease in cash flow from investing activities, with a net outflow of CNY -96,676,571.69 compared to CNY -171,895,791.57 in the previous year[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,267[16] - The largest shareholder, Ningbo Meishan Bonded Port Area Xucheng Holdings Co., Ltd., holds 31.34% of the shares[16] Government Support and Other Income - The company received government subsidies amounting to CNY 4,899,467.00 during the reporting period[13] - Other income surged by 605.66% to CNY 4,899,467.00, attributed to national-level manufacturing awards received[23] Research and Development - Research and development expenses for Q1 2020 were CNY 14,423,670.14, compared to CNY 12,194,372.40 in Q1 2019, indicating a rise of 18.2%[46] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[34]