PNC(SH:603690)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was -¥14,828,322.97, a decrease of 229.75% year-on-year[12]. - Operating income for the period was ¥113,221,532.99, down 2.34% from the same period last year[12]. - Basic earnings per share were -¥0.058, a decrease of 207.41% compared to the previous year[12]. - The weighted average return on net assets was -1.01%, a decrease of 2.85 percentage points year-on-year[12]. - The company reported a total profit of -$15.84 million in Q1 2020, down from $12.86 million in Q1 2019[46]. - Net profit for Q1 2020 was a loss of $16.34 million, compared to a profit of $10.17 million in Q1 2019, representing a significant decline[46]. - The comprehensive income total for Q1 2020 was -$15.95 million, compared to $10.17 million in Q1 2019[46]. Cash Flow - Net cash flow from operating activities was -¥163,662,784.81, a significant increase of 1,675.43% compared to the previous year[12]. - Cash inflow from operating activities for Q1 2020 was $259,825,379.15, a decrease of 6.3% compared to $277,231,536.02 in Q1 2019[58]. - Cash outflow from operating activities increased significantly to $423,488,163.96 in Q1 2020, up 48% from $286,449,740.10 in Q1 2019[58]. - Cash inflow from financing activities rose to $257,387,359.04 in Q1 2020, up 91.5% from $134,035,076.87 in Q1 2019[60]. - Net cash flow from financing activities was $125,051,360.19 in Q1 2020, compared to $10,281,466.38 in Q1 2019, showing a significant improvement[60]. - The ending cash and cash equivalents balance for Q1 2020 was $304,975,042.03, a decrease from $409,870,801.00 at the beginning of the period[60]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,316,059,961.91, an increase of 1.81% compared to the end of the previous year[12]. - Total liabilities increased to ¥1,839,768,367.88, up from ¥1,756,231,652.79, representing a growth of approximately 4.73%[31]. - Total equity decreased to ¥1,476,291,594.03 from ¥1,500,874,879.20, reflecting a decline of about 1.65%[31]. - Cash and cash equivalents decreased to ¥290,897,015.48 from ¥396,902,218.22, a reduction of approximately 26.67%[35]. - Total assets increased to ¥2,864,328,667.00 from ¥2,750,437,886.96, indicating a growth of about 4.14%[38]. - Current liabilities totaled approximately $973.28 million, while non-current liabilities were around $405.29 million, leading to total liabilities of about $1.38 billion[80]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,821[18]. - The largest shareholder, Jiang Yuan, holds 76,003,200 shares, representing 29.48% of the total shares[18]. Research and Development - Research and development expenses surged by 219.66% to ¥14,688,734.14, reflecting higher investments in wet semiconductor technology[21]. - Research and development expenses rose to $14.69 million in Q1 2020, a 219.06% increase from $4.60 million in Q1 2019[44]. Other Income and Expenses - The company received government subsidies amounting to ¥3,984,142.21, which were included in the current profit and loss[15]. - The company reported a significant increase in other income by 677.79% to ¥4,903,048.06, attributed to government subsidies[21]. - Sales expenses increased to $11.05 million in Q1 2020, compared to $2.71 million in Q1 2019, marking a 307.36% rise[44]. - The company experienced a credit impairment loss of $3.52 million in Q1 2020, with no such loss reported in Q1 2019[44].