COPTON(SH:603798)2020-04-23 16:00Financial Performance - Operating revenue decreased by 20.22% to CNY 221,764,563.91 year-on-year[5] - Net profit attributable to shareholders decreased by 33.87% to CNY 32,668,063.16 compared to the same period last year[5] - Basic earnings per share decreased to CNY 0.16 from CNY 0.25, reflecting a decline of 36%[5] - Total operating revenue for Q1 2020 was ¥221.76 million, a decrease of 20.2% compared to ¥277.98 million in Q1 2019[21] - Net profit for Q1 2020 was ¥32.64 million, representing a decline of 33.7% from ¥49.27 million in Q1 2019[22] - The total comprehensive income for Q1 2020 was ¥32.64 million, down from ¥49.27 million in Q1 2019[23] - The company achieved a total profit of ¥41.21 million in Q1 2020, compared to ¥60.27 million in Q1 2019, marking a decrease of 31.5%[22] Cash Flow - Cash flow from operating activities decreased by 42.42% to CNY 58,067,124.51 year-on-year[5] - Cash inflow from operating activities for Q1 2020 was CNY 216,309,770.24, a decrease of 42.4% compared to CNY 375,808,808.68 in Q1 2019[28] - Net cash flow from operating activities was CNY 58,067,124.51, down 42.4% from CNY 100,838,429.59 in the previous year[28] - Total cash inflow from operating activities for the parent company was CNY 227,117,472.77, down 25.6% from CNY 305,612,151.28 in Q1 2019[30] - The net cash flow from operating activities for the parent company was CNY 29,556,779.23, a decline of 62.4% compared to CNY 78,694,590.92 in the previous year[30] Assets and Liabilities - Total assets increased by 3.29% to CNY 1,091,510,036.20 compared to the end of the previous year[5] - Total liabilities increased to CNY 148,723,894.61 from CNY 134,959,467.92, reflecting a growth of approximately 10.2%[16] - Total equity attributable to shareholders increased to CNY 945,008,359.05 from CNY 923,948,959.33, showing an increase of about 2.3%[16] - Current assets rose to CNY 680,181,022.35, up from CNY 640,813,504.02, indicating an increase of about 6.1%[15] - Total current liabilities rose to CNY 126,615,644.32 from CNY 114,252,717.66, indicating an increase of approximately 10.5%[16] - Non-current liabilities totaled CNY 22,108,250.29, up from CNY 20,706,750.26, reflecting an increase of about 6.8%[16] Shareholder Information - The number of shareholders reached 13,944, with the top ten shareholders holding a combined 73.72% of shares[9] - Shareholders' equity totaled CNY 921,765,171.43, including paid-in capital of CNY 200,000,000.00 and retained earnings of CNY 422,339,736.64[35] Cash and Cash Equivalents - Cash and cash equivalents increased by 60.03% to CNY 260,963,193.02 compared to the end of the previous year[11] - Cash and cash equivalents reached CNY 213,802,064.52, compared to CNY 144,057,528.72, marking a significant increase of approximately 48.5%[18] - Cash and cash equivalents at the end of Q1 2020 amounted to CNY 260,963,193.02, compared to CNY 324,733,410.65 at the end of Q1 2019, reflecting a decrease of 19.6%[29] - The total cash and cash equivalents at the end of Q1 2020 for the parent company were CNY 213,802,064.52, down from CNY 244,651,083.79 at the end of Q1 2019, indicating a decrease of 12.6%[31] Other Financial Metrics - Prepayments increased significantly by 993.29% to CNY 15,349,516.41, mainly due to raw material purchases[11] - Long-term deferred expenses rose by 190.21% to CNY 22,683,276.49, attributed to increased advertising expenses[11] - Tax payable increased by 823.77% to CNY 76,401,526.33, primarily due to growth in VAT and corporate income tax[11] - Research and development expenses for Q1 2020 were ¥5.41 million, slightly up from ¥5.35 million in Q1 2019[21] - Investment income for Q1 2020 was ¥1.57 million, an increase from ¥0.40 million in Q1 2019[21] - The company reported a credit impairment loss of ¥0.93 million in Q1 2020, with no comparable figure in Q1 2019[22]