AKL(SH:603722)2020-04-24 16:00Financial Performance - Net profit attributable to shareholders increased by 46.23% year-on-year, amounting to ¥10,758,153.24[6] - Operating revenue decreased by 22.03% year-on-year, totaling ¥107,916,541.62[6] - Basic earnings per share rose by 50.00% to ¥0.12[6] - The company reported a net profit of CNY 12,362,385.93 for Q1 2020, compared to a net profit of CNY 7,077,611.64 in Q1 2019, indicating a significant improvement[19] - The total profit for Q1 2020 was CNY 12,438,417.57, an increase of 47.5% compared to CNY 8,431,753.50 in Q1 2019[22] - The net profit for Q1 2020 was CNY 10,733,015.35, representing an increase of 46.0% from CNY 7,356,886.89 in Q1 2019[21] - The total comprehensive income for Q1 2020 was CNY 10,733,015.35, compared to CNY 7,356,886.89 in Q1 2019[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥687,576,916.99, a slight increase of 0.12% compared to the previous year[6] - Total assets amounted to ¥687,576,916.99, slightly up from ¥686,723,670.89 in the previous period[15] - Total assets as of March 31, 2020, were CNY 687,830,721.27, slightly up from CNY 686,913,062.75 at the end of 2019[19] - Total liabilities decreased to CNY 132,856,994.04 from CNY 145,306,810.69, a reduction of 8.5%[19] - Total liabilities amounted to CNY 145,345,589.60, with current liabilities at CNY 139,180,111.88[32] - The company reported a total asset value of CNY 686,723,670.89, with current assets at CNY 318,351,300.48[35] Cash Flow - Net cash flow from operating activities decreased by 28.17% year-on-year, amounting to ¥9,624,362.64[6] - The cash flow from operating activities in Q1 2020 was CNY 96,140,719.98, down from CNY 113,004,221.92 in Q1 2019[24] - The net cash flow from operating activities for Q1 2020 was ¥9,773,143.82, a decrease of 27.5% compared to ¥13,399,533.86 in Q1 2019[28] - The net cash flow from investing activities was -¥40,590,411.84, a significant decline compared to a positive cash flow of ¥19,841,713.40 in the same period last year[29] - The total cash outflow for investment activities was ¥111,533,208.28, which is an increase from ¥56,764,829.08 in the previous year[29] Shareholder Information - The total number of shareholders reached 11,227 by the end of the reporting period[9] - The largest shareholder, Zhu Xuejun, holds 27.71% of the shares, totaling 24,300,000 shares, with 7,900,000 shares pledged[9] Operating Costs and Expenses - Operating costs decreased by 32.95% to ¥79,929,225.08 from ¥119,200,616.02, as sales volume was lower than the same period last year[12] - Management expenses increased by 118.36% to ¥10,521,245.42 from ¥4,818,213.79, due to the accrual of share-based payment expenses[12] - Research and development expenses for Q1 2020 were CNY 3,102,468.45, slightly down from CNY 3,418,245.22 in Q1 2019[19] Government Subsidies - The company received government subsidies amounting to ¥416,167.96, which are closely related to its normal business operations[8] Changes in Financial Position - Cash and cash equivalents decreased by 30.83% to ¥76,425,884.03 from ¥110,486,932.29 due to the purchase of financial products[11] - Trading financial assets increased by 56.61% to ¥110,423,442.75 from ¥70,508,863.01, attributed to the purchase of financial products[11] - Other current assets decreased by 61.58% to ¥5,358,925.64 from ¥13,946,880.74, due to the completion of VAT deduction[11] - Deferred income tax assets increased by 138.04% to ¥951,915.95 from ¥399,898.52, resulting from the accrual of share-based payment expenses[11] - Contract liabilities amounted to ¥3,621,291.67, reflecting a 100% increase as a result of the new revenue recognition standards[12] - Accounts payable decreased by 37.52% to ¥20,081,853.09 from ¥32,143,750.54 due to partial payments for equipment[12]