PACIFIC QUARTZ(SH:603688)2020-04-22 16:00Financial Performance - Operating revenue for the first quarter was ¥139,426,553.92, a decrease of 0.97% year-on-year[6] - Net profit attributable to shareholders was ¥31,270,079.19, reflecting an increase of 8.78% compared to the same period last year[6] - Total operating revenue for Q1 2020 was ¥139,426,553.92, a decrease of 0.98% from ¥140,796,546.66 in Q1 2019[26] - Total operating costs decreased to ¥103,587,173.94 in Q1 2020, down 3.77% from ¥106,844,821.65 in Q1 2019[26] - Net profit for Q1 2020 was ¥31,270,079.19, an increase of 8.77% compared to ¥28,746,741.97 in Q1 2019[29] - Total comprehensive income for Q1 2020 was ¥31,270,079.19, compared to ¥28,746,741.97 in Q1 2019, reflecting a positive trend in overall profitability[29] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of ¥23,742,040.19, a decrease of 953.19% year-on-year[6] - The net cash flow from operating activities decreased significantly by 953.19% to CNY -23,742,040.19 compared to CNY -2,254,290.21 in the previous year[16] - Cash inflow from operating activities in Q1 2020 was CNY 125,864,048.75, a decrease of 3.2% compared to CNY 130,928,748.89 in Q1 2019[35] - Net cash outflow from operating activities in Q1 2020 was CNY -23,742,040.19, compared to CNY -2,254,290.21 in Q1 2019, indicating a significant decline in operational performance[36] - Cash and cash equivalents at the end of Q1 2020 totaled CNY 132,570,013.25, down from CNY 242,539,075.64 at the end of Q1 2019[37] - The total cash and cash equivalents decreased by CNY 35,629,173.47 in Q1 2020, compared to a decrease of CNY 5,092,413.61 in Q1 2019[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,972,868,077.69, an increase of 1.79% compared to the end of the previous year[6] - Total assets increased to ¥1,972,868,077.69, up from ¥1,938,087,142.69, reflecting a growth of approximately 1.8%[19] - Total liabilities rose to ¥402,870,387.71, up from ¥399,359,531.90, marking an increase of around 1.3%[20] - The company's total liabilities decreased by 51.01% in tax payable to CNY 3,666,903.57 from CNY 7,484,732.93 year-on-year[15] - The total current assets as of March 31, 2020, amounted to CNY 1,218,410,041.93, slightly up from CNY 1,195,433,870.85 at the end of 2019[18] - The company's cash and cash equivalents decreased to CNY 132,570,013.25 from CNY 168,199,186.72 at the end of 2019[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,329[11] - The largest shareholder, Chen Shibin, held 28.35% of the shares, amounting to 95,607,500 shares[11] Investment and Income - Investment income rose by 130.84% to CNY 2,550,004.97 from CNY 1,104,650.03 year-on-year[15] - The company reported a 46.92% increase in non-operating income to CNY 2,300,404.53 from CNY 1,565,709.69 in the previous year[16] - Non-recurring gains and losses totaled ¥4,121,930.94 for the period[10] Expenses - Research and development expenses decreased significantly to ¥4,390,109.45 in Q1 2020, down 29.00% from ¥6,184,648.37 in Q1 2019[26] - Tax expenses for Q1 2020 were ¥4,568,568.24, a decrease of 11.05% from ¥5,137,567.47 in Q1 2019[29] - Financial expenses showed a significant decline of 243.82%, resulting in a loss of CNY -1,977,414.49 compared to a gain of CNY 1,374,887.54 in the same period last year[15] Equity - Owner's equity increased to ¥1,569,997,689.98 from ¥1,538,727,610.79, representing a growth of about 2.0%[20] - Shareholders' equity totaled CNY 1,538,727,610.79, including paid-in capital of CNY 337,296,600.00 and retained earnings of CNY 626,952,402.97[43] Changes in Accounting Standards - The company executed the new revenue recognition standard starting January 1, 2020, impacting financial statement adjustments[44] - The company has adjusted the financial statement items due to the implementation of the new revenue standard starting January 1, 2020[49]