Hylink(SH:603825)2020-04-29 16:00Financial Performance - Operating revenue for the period was CNY 2,149,784,702.33, representing a year-on-year increase of 0.52%[7] - Net profit attributable to shareholders of the listed company was CNY 13,835,144.41, a significant increase of 826.25% compared to the same period last year[7] - Basic earnings per share were CNY 0.06, an increase of 700.00% compared to the same period last year[7] - The weighted average return on equity increased by 0.85 percentage points to 0.82%[7] - The company reported a significant increase in income tax expenses by 76.38% to ¥4,395,962.37 due to increased profits[16] - The total profit for Q1 2020 was CNY 15,082,485.71, up from CNY 3,747,025.53 in Q1 2019, marking an increase of approximately 302%[28] - The net profit for Q1 2020 reached CNY 10,686,523.34, compared to a net profit of CNY 1,254,676.24 in Q1 2019, indicating a significant increase[28] - The company reported a decrease in R&D expenses to CNY 45,796,934.30 from CNY 57,505,457.19, reflecting a reduction of approximately 20.5%[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,912,313,081.70, a decrease of 2.68% compared to the end of the previous year[7] - Total assets decreased to ¥5,912,313,081.70 from ¥6,075,347,913.94 at the end of the previous year[19] - Total liabilities decreased to ¥4,200,000,000 from ¥4,500,000,000, reflecting a reduction in financial obligations[19] - Short-term borrowings increased to ¥1,063,534,043.96 from ¥836,694,602.36 at the end of the previous year[19] - Total liabilities decreased to CNY 4,125,228,001.35 from CNY 4,094,165,666.89, showing a reduction of about 0.76%[24] - Current assets totaled CNY 5,290,656,923.96, up from CNY 5,232,076,815.44, indicating an increase of approximately 1.11%[23] Cash Flow - The net cash flow from operating activities was CNY -306,272,909.22, a decrease of 452.61% compared to the previous year[7] - Cash inflow from sales of goods and services for Q1 2020 was ¥2,321,739,411.08, an increase from ¥2,001,874,935.09 in Q1 2019, representing a growth of approximately 16.4%[34] - Net cash flow from operating activities for Q1 2020 was -¥306,272,909.22, a significant decline compared to a positive cash flow of ¥86,857,914.13 in Q1 2019[34] - Total cash outflow from operating activities in Q1 2020 was ¥2,646,690,021.72, compared to ¥1,939,888,487.28 in Q1 2019, indicating an increase of about 36.5%[34] - Cash inflow from financing activities in Q1 2020 was ¥402,820,000.00, up from ¥197,955,433.13 in Q1 2019, reflecting an increase of approximately 103.5%[35] - Net cash flow from financing activities for Q1 2020 was ¥222,747,300.97, compared to a negative cash flow of -¥143,025,492.48 in Q1 2019, indicating a turnaround in financing[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,549[12] - The largest shareholder, Su Tong, held 28.74% of the shares, amounting to 66,389,131 shares[12] Other Financial Metrics - The company reported a non-operating income of CNY -1,063,920.98, influenced by various non-recurring items[9] - Accounts receivable financing increased by 49.34% to ¥17,500,000 compared to the previous year-end[15] - Prepayments decreased by 45.44% to ¥25,681,633.45 due to the completion of customer investment payments[15] - Interest payable decreased by 98.19% to ¥27,918.59 as a result of interest payments on bank loans[16] - Other comprehensive income decreased by 42.82% to ¥16,086,969.57 due to a reduction in the fair value of equity instruments[16] - The investment loss for Q1 2020 was CNY -2,238,724.90, compared to a loss of CNY -1,266,371.41 in Q1 2019, reflecting a worsening in investment performance[31] - The company incurred a credit impairment loss of CNY -1,830,230.96 in Q1 2020, with no such loss reported in Q1 2019[28]