INLY(SH:603598)2020-04-29 16:00Financial Performance - Operating revenue increased by 61.85% to CNY 778,115,382.89 year-on-year[6] - Net profit attributable to shareholders decreased slightly by 0.42% to CNY 8,726,643.25 compared to the same period last year[6] - The company reported a decrease of 45.04% in net profit after deducting non-recurring gains and losses, totaling CNY 4,435,857.47[6] - Basic and diluted earnings per share remained unchanged at CNY 0.03[6] - The total comprehensive income for Q1 2020 was CNY 8.73 million, compared to CNY 8.76 million in Q1 2019, reflecting a minor decline of 0.3%[24] - The net profit for Q1 2020 was CNY 8.73 million, slightly down from CNY 8.76 million in Q1 2019, indicating a decrease of 0.3%[24] - The company's operating profit for Q1 2020 was CNY 10.04 million, compared to CNY 8.96 million in Q1 2019, showing an increase of 12.1%[24] - The total profit for Q1 2020 was CNY 10.00 million, an increase from CNY 8.91 million in Q1 2019, representing a growth of 12.3%[24] Cash Flow - Net cash flow from operating activities improved significantly, increasing by 123.11% to CNY 21,532,119.59[6] - The cash inflow from operating activities was CNY 904.17 million in Q1 2020, up from CNY 477.95 million in Q1 2019, marking an increase of 89.0%[28] - The net cash flow from operating activities for Q1 2020 was ¥21,532,119.59, a significant improvement compared to a net outflow of ¥93,179,528.10 in Q1 2019[29] - Total cash inflow from operating activities reached ¥323,231,613.53, up from ¥154,105,324.34 in the previous year, indicating a growth of approximately 109%[30] - The company reported a net increase in cash and cash equivalents of ¥41,588,353.71 for Q1 2020, contrasting with a decrease of ¥92,751,386.00 in Q1 2019[30] Assets and Liabilities - Total assets decreased by 4.08% to CNY 1,551,266,317.69 compared to the end of the previous year[6] - Total liabilities decreased to ¥1,193,955,581.24 from ¥1,268,597,168.40, a reduction of approximately 5.9%[18] - Total assets as of March 31, 2020, amounted to CNY 1,551,266,317.69, a decrease from CNY 1,617,181,376.62 at the end of 2019[17] - Current assets totaled ¥474,438,425.26 as of March 31, 2020, compared to ¥449,551,055.17 at the end of 2019, marking a growth of 5.0%[20] - Total liabilities reached ¥1,268,597,168.40, with current liabilities at ¥992,301,564.00 and non-current liabilities at ¥276,295,604.40[34] Shareholder Information - The number of shareholders reached 31,315 at the end of the reporting period[8] - The largest shareholder, 罗衍记, holds 129,000,000 shares, accounting for 47.67% of total shares[9] - Shareholders' equity increased to ¥357,504,360.26 from ¥348,777,717.01, reflecting a growth of 2.1%[18] Expenses and Costs - Operating costs rose to CNY 740,086,163.89, reflecting a 70.86% increase from CNY 433,163,180.85, in line with revenue growth[10] - Financial expenses surged by 175.91% to CNY 3,242,877.73, attributed to increased bank borrowings[10] - The company incurred sales expenses of CNY 5.25 million in Q1 2020, compared to CNY 3.43 million in Q1 2019, reflecting an increase of 53.1%[25] Investment and Financing - Short-term borrowings increased by 37.50% to CNY 110,000,000.00 from CNY 80,000,000.00, indicating a rise in financing needs[10] - The company is in the process of a non-public stock issuance approved by the China Securities Regulatory Commission, which is expected to enhance capital structure[12] - The company reported a significant increase in investment income, which rose to CNY 963,911.05 from a loss of CNY 217,706.26, a change of 542.76%[10] Changes in Accounting Standards - The company executed a new revenue standard starting January 1, 2020, impacting financial reporting[36] - The company implemented the new revenue recognition standard starting January 1, 2020[41] - The cumulative impact of the new revenue standard will adjust the financial statement amounts for the beginning of 2020[41] - The company did not adjust comparative period data due to the new revenue standard[41] - The company is not applicable for retrospective adjustments under the new revenue and leasing standards[42]