SUNSTONE(SH:603612)2020-04-27 16:00Financial Performance - Operating revenue rose by 37.61% to CNY 1,184,583,015.37 year-on-year[18] - Net profit attributable to shareholders increased by 68.91% to CNY 13,338,470.72 compared to the same period last year[18] - Basic earnings per share doubled to CNY 0.04 from CNY 0.02 in the same period last year[18] - Net profit for Q1 2020 was ¥19,328,360.76, representing an increase of 85.5% from ¥10,416,705.20 in Q1 2019[58] - Total operating revenue for Q1 2020 reached ¥1,184,583,015.37, a significant increase of 37.5% compared to ¥860,812,331.31 in Q1 2019[56] Cash Flow - Net cash flow from operating activities was CNY 191,143,904.69, a significant recovery from a negative cash flow of CNY -148,795,005.71 in the previous year[18] - Cash flow from operating activities for Q1 2020 was approximately ¥191.14 million, a recovery from a negative cash flow of ¥148.80 million in Q1 2019[66] - Cash inflow from investment activities in Q1 2020 was approximately ¥838.82 million, compared to ¥0.90 million in Q1 2019, showing a substantial increase[66] - The net cash flow from investment activities was 468,808,602.59 CNY, recovering from a negative cash flow of -170,055,411.99 CNY in Q1 2019[68] - The ending cash and cash equivalents balance increased to 777,616,569.65 CNY, up from 96,293,653.67 CNY in Q1 2019[70] Assets and Liabilities - Total assets increased by 4.08% to CNY 8,072,794,550.57 compared to the end of the previous year[18] - The company’s total current assets as of March 31, 2020, amounted to CNY 4,278,092,881.30, up from CNY 3,940,755,527.18 at the end of 2019[40] - The total liabilities increased to ¥4,982,372,760.01 from ¥4,684,591,558.40, indicating a rise of about 6.4%[45] - Current liabilities rose to ¥3,292,333,705.98, compared to ¥2,952,271,001.53, indicating an increase of about 11.5%[45] - Long-term borrowings decreased to ¥764,705,000.00 from ¥815,965,000.00, a reduction of about 6.3%[45] Shareholder Information - The total number of shareholders reached 18,121 by the end of the reporting period[24] - The largest shareholder, Lang Guanghui, holds 30.29% of the shares, with 102,071,718 shares pledged[24] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 2,138,889.21 during the reporting period[22] - Non-recurring gains and losses included a loss of CNY 1,359,192.96 from the disposal of non-current assets[22] Costs and Expenses - Operating costs rose by 31.81% to CNY 1,008,620,658.39 in Q1 2020, up from CNY 765,234,885.16 in Q1 2019, due to increased production volumes from new projects[33] - The company’s financial expenses increased by 47.73% to CNY 34,871,470.78, attributed to higher interest expenses on convertible bonds[33] - Research and development expenses for Q1 2020 were ¥9,865,696.25, down from ¥11,066,336.44 in Q1 2019, a decrease of 10.9%[56] - Sales expenses increased to approximately ¥25.01 million in Q1 2020 from ¥18.52 million in Q1 2019, reflecting higher marketing costs[61]