Dcenti(SH:603335)2020-04-27 16:00Financial Performance - Operating revenue decreased by 11.10% to CNY 190,145,416.98 compared to the same period last year[5] - Net profit attributable to shareholders increased by 785.12% to CNY 26,743,961.93 compared to the same period last year[5] - The company reported a decrease in net profit attributable to shareholders by 49.21% to CNY 1,492,633.32 compared to the same period last year[5] - Total operating revenue for Q1 2020 was CNY 190,145,416.98, a decrease of 10.9% compared to CNY 213,892,696.61 in Q1 2019[29] - Net profit for Q1 2020 reached CNY 27,928,516.87, significantly up from CNY 4,713,899.94 in Q1 2019, representing a growth of 493.5%[30] - The company reported a comprehensive income total of CNY 28,853,489.88 for Q1 2020, compared to CNY 537,445.41 in Q1 2019[31] - The total profit for Q1 2020 was CNY 25,283,173.71, a significant increase from a loss of CNY 1,098,725.23 in Q1 2019[34] Cash Flow - Net cash flow from operating activities decreased by 153.71% to -CNY 9,901,221.10 compared to the same period last year[5] - Cash flow from operating activities decreased by 153.71% to -RMB 9,901,221.10, influenced by the pandemic's impact on business volume[14] - The net cash flow from operating activities for Q1 2020 was negative CNY 9,901,221.10, contrasting with a positive cash flow of CNY 18,434,068.47 in Q1 2019[36] - The net cash flow from financing activities was -¥23,474,031.60, compared to a positive cash flow of ¥33,522,922.44 in the same quarter last year[41] Assets and Liabilities - Total assets increased by 2.25% to CNY 869,583,832.59 compared to the end of the previous year[5] - The total liabilities decreased to CNY 232,246,911.85 from CNY 241,033,654.86 year-over-year[21] - The company's equity attributable to shareholders increased to CNY 591,961,940.24 from CNY 564,293,165.29 at the end of 2019[22] - Total liabilities decreased to CNY 110,646,602.40 in Q1 2020 from CNY 130,391,380.08 in Q1 2019, a reduction of 15.1%[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,334[11] - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 30.14% of the shares[11] Operational Metrics - Accounts receivable increased by 22.18% to RMB 66,427,591.86 due to the impact of the COVID-19 pandemic, leading the company to provide reasonable credit terms to customers[13] - Prepayments surged by 211.71% to RMB 9,562,366.85 as the company expanded its tire business and increased order volumes for new tire molds[13] - Operating costs fell by 10.92% to RMB 140,603,696.05, reflecting the slight decline in sales revenue[14] - Research and development expenses decreased by 29.08% to RMB 1,722,122.46, as the company focused on precise development based on market demand[14] Investment Activities - Investment income rose significantly by 3833.65% to RMB 25,570,753.88 from the transfer of a subsidiary's equity[14] - The company has invested RMB 30 million in Guangdong Weima New Materials Technology Co., Ltd. for lithium battery recycling and processing, but is currently negotiating due to uncertainties in partner contributions[15] Earnings Per Share - Basic and diluted earnings per share increased by 500% to CNY 0.06 compared to the same period last year[5] - Earnings per share for Q1 2020 were CNY 0.06, compared to CNY 0.01 in Q1 2019[31]