DIBAY(SH:603320)2020-04-23 16:00Financial Performance - The net profit attributable to shareholders decreased by 63.56% year-on-year, primarily due to a decline in production and sales caused by the COVID-19 pandemic[6] - Operating revenue for the period was CNY 129.87 million, a decrease of 23.17% compared to the same period last year[6] - The net profit attributable to shareholders was CNY 14.24 million, an increase of 21.53% year-on-year[6] - The company reported a net profit of ¥249,588,734.55, an increase from ¥231,351,276.60, representing a growth of approximately 7.9%[25] - Total operating revenue for Q1 2020 was CNY 129,867,953.57, a decrease of 23.1% compared to CNY 169,025,386.46 in Q1 2019[27] - Net profit for Q1 2020 reached CNY 14,210,837.86, representing a 21.3% increase from CNY 11,717,850.81 in Q1 2019[28] - Total profit for Q1 2020 was CNY 17,218,715.05, an increase of 23.0% from CNY 13,990,465.78 in Q1 2019[28] Cash Flow - The net cash flow from operating activities increased by 101.22% year-on-year, amounting to CNY 41.12 million[6] - Cash flow from operating activities reached 41,120,900.76, representing a 101.22% increase, driven by higher customer payments and reduced supplier payments[14] - Cash inflow from operating activities for Q1 2020 was CNY 101,921,901.76, an increase of 10% compared to CNY 92,642,624.70 in Q1 2019[35] - Net cash flow from operating activities for Q1 2020 was CNY 41,120,900.76, up 101% from CNY 20,435,421.31 in Q1 2019[35] - Cash inflow from operating activities for the parent company in Q1 2020 was CNY 92,320,235.16, an increase of 10% from CNY 83,901,280.24 in Q1 2019[39] - Net cash flow from operating activities for the parent company in Q1 2020 was CNY 42,211,884.59, up 205% from CNY 13,821,537.43 in Q1 2019[39] Assets and Liabilities - Total assets increased by 2.42% compared to the end of the previous year, reaching approximately CNY 1.11 billion[6] - Total assets increased to ¥1,110,303,598.32, up from ¥1,084,059,934.32, representing a growth of approximately 2.1%[19] - Current assets totaled ¥754,344,916.42, compared to ¥726,879,886.65 in the previous period, indicating an increase of about 3.8%[19] - Total liabilities amounted to ¥405,173,313.48, up from ¥393,140,487.34, which is an increase of around 3.3%[20] - Owner's equity reached ¥705,130,284.84, compared to ¥690,919,446.98, showing a growth of about 2.0%[21] - The total current liabilities increased to ¥194,111,396.51 from ¥182,003,009.88, which is an increase of about 6.1%[20] Research and Development - Research and development expenses rose to 5,307,313.42, reflecting a 34.17% increase year-over-year, indicating a strong commitment to innovation[13] - The company plans to continue its investment in research and development to drive future growth and innovation[15] - The company plans to continue focusing on R&D to drive future growth and innovation in its product offerings[31] Financial Position - The company’s financial expenses showed a significant improvement, with a decrease of 413.90% to -1,827,507.12, attributed to increased foreign exchange gains and bank deposit interest income[13] - Financial expenses showed a significant improvement, with a net income of CNY -1,827,507.12 in Q1 2020 compared to CNY 582,191.34 in Q1 2019[27] Government Subsidies - The company received various government subsidies totaling 12,050,000, which were included in other income[15] - The company reported a total revenue of 12,122,771.74, a significant increase of 1346.67% compared to the previous period, primarily due to increased government subsidies received[13] Inventory and Accounts Payable - Inventory rose to ¥136,769,279.40 from ¥110,682,669.32, reflecting a significant increase of approximately 23.5%[19] - Accounts payable increased by 84.80% to CNY 65.10 million, primarily due to increased payments owed to suppliers[12] - The accounts payable increased significantly to ¥65,100,222.04 from ¥35,227,020.28, reflecting an increase of approximately 84.8%[20] Other Financial Metrics - The weighted average return on equity increased by 0.18 percentage points to 2.05%[6] - The company reported a basic earnings per share of CNY 0.14, up 16.67% from CNY 0.12 in the previous year[6] - Basic earnings per share for Q1 2020 were CNY 0.14, compared to CNY 0.12 in Q1 2019, reflecting a 16.7% increase[28] - The company reported a credit impairment loss of CNY -1,602,727.09 in Q1 2020, indicating a potential risk in receivables[27] Audit and Compliance - The audit report indicated no significant issues, ensuring the reliability of the financial statements[48] - The company has implemented new revenue and lease standards, which may impact future financial reporting[48]