LIBA(SH:603519)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 30.87% to CNY 26,613,127.37 year-on-year[6] - Operating revenue fell by 21.41% to CNY 246,470,577.19 compared to the same period last year[6] - Basic earnings per share decreased by 29.41% to CNY 0.12[6] - The net profit after deducting non-recurring gains and losses decreased by 29.49% to CNY 27,184,997.71[6] - The company's gross profit margin for Q1 2020 was approximately 16.0%, down from 21.3% in Q1 2019[22] - The net profit for Q1 2020 was CNY 26,613,127.37, down 30.7% from CNY 38,499,367.00 in Q1 2019[22] Assets and Liabilities - Total assets increased by 3.93% to CNY 1,256,922,468.86 compared to the end of the previous year[6] - The total liabilities increased to CNY 498,561,771.58 from CNY 477,694,101.01 at the end of 2019[19] - The total assets as of March 31, 2020, amounted to CNY 1,256,922,468.86, an increase from CNY 1,209,441,670.92 at the end of 2019[19] - The total liabilities were CNY 477,694,101.01, remaining consistent with the previous year, reflecting a stable financial structure[31] - The total equity increased to CNY 758,360,697.28 from CNY 731,747,569.91 at the end of 2019[20] Cash Flow - Net cash flow from operating activities increased by 136.5% to CNY 24,704,299.76 due to reduced procurement costs[6] - The company reported a cash inflow from operating activities of CNY 214,379,616.42, while cash outflows totaled CNY 189,675,316.66, resulting in a positive cash flow situation[27] - The net cash flow from investing activities was -CNY 130,654,265.40, worsening from -CNY 473,106.38 in Q1 2019, indicating increased investment outflows[28] - Cash and cash equivalents decreased by 41.66% to ¥127.19 million due to the purchase of low-risk bank financial products[13] - Cash paid for purchasing goods and services decreased by 31.63% to ¥100.38 million, reflecting reduced cash payments for raw material procurement[15] Shareholder Information - The number of shareholders at the end of the reporting period was 7,338[11] - The largest shareholder, Lu Fengxian, holds 33.92% of the shares, totaling 75,287,730 shares[11] Research and Development - Research and development expenses decreased by 54.05% to ¥4.92 million, primarily due to delays in the initiation of certain R&D projects[14] - Research and development expenses for Q1 2020 were CNY 4,917,651.97, significantly lower than CNY 10,701,903.56 in Q1 2019[22] Other Income and Expenses - The company reported a non-operating loss of CNY 571,870.34 for the period[10] - Other income increased by 473.33% to ¥86,000, driven by an increase in government subsidies received[14] - The company reported a financial income of CNY 3,381,438.27 in Q1 2020, contrasting with a financial expense of CNY 2,448,111.89 in Q1 2019[22] Future Expectations - The company expects a significant change in net profit compared to the same period last year, but no specific details were provided[16] - The company executed new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting and performance metrics[29]