Daimay(SH:603730)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 2.66% to CNY 156,756,727.03 year-on-year[4] - Operating income decreased by 9.99% to CNY 1,122,369,748.97 compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 44.72% to CNY 169,036,637.65 compared to the same period last year[4] - Total operating revenue for Q1 2020 was RMB 1,122,369,748.97, a decrease of 9.95% from RMB 1,246,992,529.23 in Q1 2019[19] - Net profit for Q1 2020 was RMB 156,752,707.70, a slight decrease of 2.74% compared to RMB 160,994,399.06 in Q1 2019[20] - The total profit for Q1 2020 was RMB 183,515,573.89, down from RMB 193,105,730.33 in Q1 2019, reflecting a decrease of 4.1%[19] - Total comprehensive income for the first quarter of 2020 was CNY 80,420,180.50, an increase from CNY 67,504,111.16 in the same period of 2019, representing a growth of approximately 19.5%[23] Cash Flow - Net cash flow from operating activities increased by 101.10% to CNY 222,346,374.59 year-on-year[4] - Cash flow from operating activities generated a net amount of CNY 222,346,374.59, compared to CNY 110,566,620.64 in the first quarter of 2019, indicating an increase of about 100.9%[25] - Cash inflow from operating activities totaled CNY 1,493,220,144.01, slightly down from CNY 1,493,776,868.37 year-over-year[24] - Cash outflow from operating activities decreased to CNY 1,270,873,769.42 from CNY 1,383,210,247.73, a reduction of approximately 8.1%[25] - Cash flow from investing activities showed a net outflow of CNY 73,243,321.61, worsening from a net outflow of CNY 6,152,986.15 in the previous year[25] - Cash flow from financing activities resulted in a net outflow of CNY 52,992,158.96, compared to a net inflow of CNY 149,174,375.16 in the first quarter of 2019[25] Assets and Liabilities - Total assets increased by 1.80% to CNY 5,366,665,188.17 compared to the end of the previous year[4] - Total liabilities decreased from CNY 1,530,157,450.17 to CNY 1,461,669,173.57, a reduction of approximately 4.4%[14] - Total equity increased from CNY 3,741,548,580.29 to CNY 3,904,996,014.60, reflecting a growth of about 4.4%[14] - The company's cash and cash equivalents rose to ¥750,806,862.28 from ¥651,270,398.34, reflecting improved liquidity[12] - The company's non-current assets decreased slightly to ¥2,143,696,514.41 from ¥2,173,482,987.95, indicating a need for monitoring long-term investments[13] - The total current assets amounted to 3,098,223,042.51 RMB, with cash and cash equivalents at 179,201,296.82 RMB at the end of the period[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,534[7] - The largest shareholder, Zhejiang Zhoushan Daimai Investment Co., Ltd., held 56.24% of the shares[7] Operational Metrics - Basic and diluted earnings per share remained unchanged at CNY 0.39[4] - Operating costs fell by 10.13% to ¥785,930,138.74 from ¥874,489,779.50, in line with the decrease in sales revenue[9] - Research and development expenses for Q1 2020 were RMB 31,669,513.86, down 19.1% from RMB 39,193,161.73 in Q1 2019[19] - The company experienced a decrease in sales expenses, which were RMB 54,328,910.14 in Q1 2020, down 37.8% from RMB 87,307,085.40 in Q1 2019[19] Other Income and Expenses - The company reported a non-operating income of CNY 722,964.25 during the period[6] - Financial expenses showed a significant decrease of 150.59%, resulting in a gain of ¥13,981,441.75 compared to an expense of ¥27,634,713.17 in the previous period, attributed to currency exchange gains[10] - Other income surged by 315.68% to ¥5,507,828.23 from ¥1,325,014.88, mainly due to increased VAT refunds received by a subsidiary[10]