SLC(SH:603648)2020-04-27 16:00Financial Performance - Revenue for the reporting period was ¥323,217,168.37, a slight decrease of 0.94% year-on-year[6] - Net profit attributable to shareholders decreased by 8.19% to ¥35,597,375.58 compared to the previous year[6] - Basic earnings per share fell by 8.17% to ¥0.0966[6] - The total comprehensive income for Q1 2020 was CNY 35,648,422.20, compared to CNY 37,950,056.95 in Q1 2019, indicating a decrease of 6.1%[26] - The net profit for Q1 2020 was CNY 35,510,663.77, a decrease of 6.7% from CNY 38,091,695.64 in Q1 2019[26] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,966,380,636.23, a 0.40% increase compared to the end of the previous year[6] - Total liabilities decreased to ¥218,967,586.12 from ¥246,679,724.45, reflecting a reduction in current liabilities[17] - Total assets increased slightly to ¥1,966,380,636.23 from ¥1,958,541,520.31[16] - Total liabilities amounted to CNY 256,611,703.55, with current liabilities at CNY 246,679,724.45 and non-current liabilities at CNY 9,931,979.10[38] - Total equity reached CNY 1,701,929,816.76, including CNY 368,666,700.00 in paid-in capital and CNY 336,022,002.95 in undistributed profits[38] Cash Flow - Net cash flow from operating activities surged by 154.16% to ¥41,665,598.01 compared to the same period last year[6] - Operating cash flow net amount increased by 154.16% to ¥41,665,598.01 from ¥16,393,749.21, driven by higher cash received from sales[13] - Cash inflows from operating activities in Q1 2020 totaled CNY 389,511,250.16, up from CNY 328,876,799.26 in Q1 2019, representing a growth of 18.4%[31] - The total cash inflow from operating activities was ¥215,805,441.26, up from ¥165,057,450.92 in Q1 2019, marking an increase of 30.7%[33] - The net cash flow from operating activities for Q1 2020 was ¥41,665,598.01, a significant increase from ¥16,393,749.21 in Q1 2019, representing a growth of 154.5%[32] Shareholder Information - The total number of shareholders reached 26,834 at the end of the reporting period[9] - The largest shareholder, Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, holds 24.87% of the shares[9] Investment and Income - The company reported non-operating income of ¥3,368,337.64, primarily from government subsidies and other income[8] - Investment income decreased by 33.96% to ¥2,824,421.12 from ¥4,276,814.68, as investment funds were used for purchasing financial products[13] - Other income surged by 1246.20% to ¥5,821,419.79 from ¥432,433.73, mainly due to government subsidies received[13] Operational Efficiency - The company reported a significant decrease in sales expenses by 41.08% to ¥5,063,252.93 from ¥8,593,348.31, due to the implementation of new revenue recognition standards[12] - Operating profit for Q1 2020 increased to CNY 46,122,262.63, compared to CNY 44,813,259.95 in Q1 2019, indicating improved operational efficiency[24] - The operating profit for Q1 2020 was CNY 38,513,577.36, an increase of 4.7% from CNY 34,860,337.36 in Q1 2019[28] Inventory and Receivables - Accounts receivable decreased by 63.93% to ¥1,188,671 from ¥3,295,036.82 due to reduced business activities[12] - Inventory levels decreased to CNY 2,223,692.81 from CNY 3,888,975.74, suggesting improved inventory turnover[21] - Other receivables decreased by 33.83% to ¥28,569,439.26 from ¥43,173,497.13, mainly due to a reduction in payments made on behalf of clients[12] Research and Development - Research and development expenses for Q1 2020 were CNY 4,982,610.66, a slight decrease from CNY 5,303,945.59 in Q1 2019, indicating a focus on cost control in R&D[24] - The company's research and development expenses for Q1 2020 were CNY 4,982,610.66, slightly down from CNY 5,303,945.59 in Q1 2019[28]