ZYNM(SH:603527)2020-04-26 16:00Financial Performance - Operating revenue decreased by 11.67% to CNY 652,996,188.02 year-on-year[5] - Net profit attributable to shareholders increased by 68.49% to CNY 19,182,279.37 compared to the same period last year[5] - Basic earnings per share rose by 37.50% to CNY 0.11[5] - Operating profit increased by 89.07% to ¥24,824,187.53 due to reduced cost expenses[14] - Total profit rose by 60.58% to ¥24,198,737.26 attributed to decreased costs[14] - Net profit for Q1 2020 was ¥19,117,470.05, an increase of 43.5% compared to ¥13,303,378.55 in Q1 2019[26] - Revenue for Q1 2020 was CNY 103,078,346.84, a decrease of 21.2% compared to CNY 130,786,267.58 in Q1 2019[28] - Net profit for Q1 2020 was CNY 7,084,891.91, down 23.6% from CNY 9,259,491.16 in Q1 2019[28] - Operating profit for Q1 2020 was CNY 8,610,767.35, slightly down from CNY 8,953,650.43 in Q1 2019[28] Assets and Liabilities - Total assets increased by 5.85% to CNY 1,282,075,828.85 compared to the end of the previous year[5] - Total assets as of March 31, 2020, amounted to ¥1,282,075,828.85, up from ¥1,211,250,155.40 at the end of 2019[18] - Total liabilities as of March 31, 2020, were ¥260,918,355.08, an increase from ¥256,677,956.60 at the end of 2019[22] - Current assets totaled ¥488,622,504.02 as of March 31, 2020, slightly up from ¥488,609,769.61 at the end of 2019[21] - Inventory increased to ¥105,276,595.05 in Q1 2020, compared to ¥99,950,807.09 in Q4 2019[21] - Long-term equity investments rose to ¥174,726,015.86 in Q1 2020, up from ¥164,726,015.86 at the end of 2019[21] Cash Flow - The net cash flow from operating activities was negative at CNY -48,874,848.26, compared to CNY -35,020,209.08 in the previous year[5] - Cash flow from operating activities for Q1 2020 was negative CNY 48,874,848.26, compared to negative CNY 35,020,209.08 in Q1 2019[32] - Cash inflows from operating activities totaled ¥167,127,082.20 in Q1 2020, compared to ¥140,785,607.65 in Q1 2019, representing an increase of approximately 18.7%[33] - Cash outflows for purchasing goods and services were ¥166,692,409.25 in Q1 2020, slightly lower than ¥140,846,369.33 in Q1 2019, suggesting improved cost management[33] - The cash flow from operating activities was impacted by a total outflow of ¥205,247,524.56 in Q1 2020, compared to ¥166,881,668.34 in Q1 2019, highlighting challenges in maintaining operational efficiency[33] Shareholder Information - The total number of shareholders reached 9,839 at the end of the reporting period[11] - The largest shareholder, Feng Quanhua, holds 34.34% of the shares, totaling 59,812,340 shares[11] Government Support and Other Income - The company received government subsidies amounting to CNY 551,087.45 during the reporting period[8] - Other income increased by 73.84% to ¥551,087.45 primarily from government subsidies related to daily operations[13] Financing Activities - Net cash flow from financing activities increased by 271.66% to ¥68,102,627.34 due to higher short-term borrowings[14] - The company received CNY 125,000,000.00 in borrowings during Q1 2020, compared to CNY 80,000,000.00 in Q1 2019[32] - The company paid CNY 55,000,000.00 in debt repayment during Q1 2020, slightly down from CNY 60,000,000.00 in Q1 2019[32] - The total cash inflow from financing activities was ¥90,000,000.00 in Q1 2020, compared to ¥50,000,000.00 in Q1 2019, reflecting a strategic focus on raising capital[34] - The company paid ¥35,634,018.50 in cash outflows for financing activities in Q1 2020, a decrease from ¥40,645,250.00 in Q1 2019, indicating a reduction in debt servicing costs[34] Expenses - Financial expenses decreased by 58.35% to ¥809,957.24 due to increased exchange gains[13] - Research and development expenses for Q1 2020 were CNY 3,505,029.51, a decrease of 10% from CNY 3,893,148.86 in Q1 2019[28] - Total operating expenses for Q1 2020 were CNY 88,233,917.22, down from CNY 113,895,312.35 in Q1 2019[28]