GOLDENSEA(SH:603311)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 31.81% to CNY 27,149,530.52 year-on-year[6] - Operating revenue grew by 10.44% to CNY 163,354,440.48 compared to the same period last year[6] - Basic earnings per share increased by 30.00% to CNY 0.13[6] - The weighted average return on equity improved by 21.41 percentage points to 3.27%[6] - Operating profit for Q1 2020 reached CNY 34,519,435.05, compared to CNY 23,389,383.54 in Q1 2019, representing a growth of 47.7%[24] - Net profit for Q1 2020 reached CNY 16,507,469.73, representing a 34% increase compared to CNY 12,283,486.03 in Q1 2019[27] - The total comprehensive income for Q1 2020 was CNY 16,507,469.73, compared to CNY 12,283,486.03 in Q1 2019, marking a 34% increase[28] - The company reported a total profit of CNY 18,636,808.34 for Q1 2020, up from CNY 13,925,656.19 in Q1 2019, indicating a growth of 34%[27] Cash Flow - Net cash flow from operating activities surged by 926.60% to CNY 35,346,444.58 year-on-year[6] - Cash flow from financing activities improved significantly to ¥27,494,486.52 from a negative cash flow of ¥1,605,395.60, reflecting better management of idle funds[13] - The net cash flow from operating activities for Q1 2020 was ¥35,346,444.58, a significant increase from ¥3,443,057.24 in Q1 2019, representing a growth of approximately 927%[30] - The total cash inflow from operating activities was ¥185,808,640.66, compared to ¥154,741,702.02 in Q1 2019, reflecting an increase of about 20%[30] - The company reported a net cash flow from financing activities of ¥27,494,486.52, compared to a negative cash flow of ¥1,605,395.60 in the same period last year[31] Assets and Liabilities - Total assets increased by 4.40% to CNY 1,263,637,128.18 compared to the end of the previous year[6] - Cash and cash equivalents increased by 45.03% to ¥409,423,308.95 from ¥282,306,879.86 due to a slight decrease in idle fund management[12] - Total assets as of March 31, 2020, were CNY 1,071,846,206.06, compared to CNY 1,030,123,105.09 at the end of 2019, indicating an increase of 4.1%[22] - Total liabilities as of March 31, 2020, amounted to CNY 372,393,731.20, up from CNY 352,082,863.85 at the end of 2019, reflecting a rise of 5.0%[22] Shareholder Information - The total number of shareholders reached 20,546 at the end of the reporting period[10] - The largest shareholder, Huitou Holdings Group Co., Ltd., holds 50.7% of the shares[10] Research and Development - Research and development expenses increased by 12.54% to ¥3,440,742.53, reflecting continued investment in product innovation[12] - Research and development expenses for Q1 2020 were CNY 3,440,742.53, slightly up from CNY 3,057,295.67 in Q1 2019, indicating a focus on innovation[24] Operational Efficiency - The company’s accounts payable decreased by 11.32% to ¥63,576,229.44, attributed to a higher proportion of bank notes and a reduction in wire transfers[12] - The company’s inventory decreased by 2.10% to ¥140,620,237.87, due to enhanced inventory control and faster turnover[12] - Financial expenses decreased by 52.05% to ¥1,118,638.12, mainly due to increased foreign exchange gains[12] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23]