hailir(SH:603639)2020-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 791,825,545.53, a 31.61% increase year-on-year[7] - Net profit attributable to shareholders was CNY 83,660,911.59, reflecting a 22.27% growth compared to the same period last year[7] - Basic earnings per share rose by 21.95% to CNY 0.50 per share[7] - Revenue for Q1 2020 reached CNY 791.83 million, an increase of 31.61% compared to CNY 601.66 million in Q1 2019[15] - Net profit for Q1 2020 was CNY 83.66 million, reflecting a growth of 22.27% from CNY 68.42 million in the same period last year[15] - Total operating revenue for Q1 2020 reached ¥791,825,545.53, a 31.6% increase from ¥601,662,147.59 in Q1 2019[29] - Net profit for Q1 2020 was ¥83,660,911.59, representing a 22.3% increase compared to ¥68,421,552.07 in Q1 2019[30] - The total profit for Q1 2020 was CNY 16.76 million, compared to CNY 3.66 million in Q1 2019, indicating a growth of 357.5%[33] Assets and Liabilities - Total assets increased by 9.66% to CNY 3,834,952,342.45 compared to the end of the previous year[7] - Cash and cash equivalents increased by 35.50% to CNY 541,119,491.11 due to the purchase of structured deposits[14] - Accounts receivable surged by 77.67% to CNY 676,593,354.98, attributed to increased shipments after the Spring Festival[14] - Total assets as of March 31, 2020, amounted to CNY 3.83 billion, up from CNY 3.50 billion at the end of 2019[21] - Total liabilities for Q1 2020 were ¥1,385,757,064.69, compared to ¥1,372,134,793.00 in Q1 2019[26] - Total current assets amounted to 2,096,877,301.58 RMB, with total assets at 3,497,088,340.99 RMB as of Q1 2020[43] - Current liabilities were approximately 1.37 billion, with accounts payable at 925.65 million and short-term borrowings at 82.30 million[48] - Total liabilities stood at approximately 1.37 billion, indicating a balanced financial structure[49] Cash Flow - The net cash flow from operating activities was negative at CNY -50,932,664.94, an improvement from CNY -61,904,237.26 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY 50.93 million in Q1 2020, an improvement from a net outflow of CNY 61.90 million in Q1 2019[36] - Cash flow from investing activities generated a net inflow of CNY 14.50 million in Q1 2020, compared to a net outflow of CNY 22.32 million in Q1 2019[37] - Cash inflow from financing activities totaled 249,676,897.20 RMB, while cash outflow was 191,604,352.58 RMB, resulting in a net cash flow of 58,072,544.62 RMB, down from 218,497,335.11 RMB in Q1 2019[40] Shareholder Information - The company had a total of 11,612 shareholders at the end of the reporting period[11] - The top shareholder, Zhang Aiying, holds 38.27% of the shares, totaling 64,925,000 shares[11] Research and Development - Research and development expenses increased by 68.84% to CNY 34.42 million, indicating a continued commitment to innovation[15] - Research and development expenses for Q1 2020 were ¥34,417,382.42, an increase from ¥20,385,158.61 in Q1 2019[30] - Research and development expenses increased to CNY 12.33 million in Q1 2020, up from CNY 9.97 million in Q1 2019, reflecting a growth of 23.5%[32] Financial Adjustments and Standards - The company adopted new revenue recognition standards starting January 1, 2020, which may impact future financial reporting[50] - The company reported a significant adjustment in pre-revenue recognition data due to the new accounting standards, affecting comparability with prior periods[50]