SHCD(SH:603887)2020-04-28 16:00Financial Performance - Operating revenue increased by 44.72% to CNY 518,163,043.46 compared to the same period last year[9] - Net profit attributable to shareholders increased by 211.15% to CNY 73,624,164.95 compared to the same period last year[5] - Basic earnings per share rose by 68.75% to CNY 0.27 compared to CNY 0.16 in the previous year[5] - Total operating revenue for Q1 2020 reached ¥518,163,043.46, a 44.8% increase from ¥358,055,799.10 in Q1 2019[22] - Net profit for Q1 2020 was ¥73,589,598.19, representing a 110.6% increase compared to ¥23,662,198.42 in Q1 2019[23] - Earnings per share for Q1 2020 were ¥0.27, compared to ¥0.16 in Q1 2019[24] - Total comprehensive income for Q1 2020 was CNY 26,955,246.27, compared to CNY 24,415,361.55 in Q1 2019, representing an increase of approximately 10.5%[27] Cash Flow - Cash flow from operating activities showed a significant decline of 127.00%, resulting in a net cash outflow of CNY 10,125,666.82[5] - Cash inflow from operating activities was CNY 807,062,736.01 in Q1 2020, up from CNY 392,895,415.60 in Q1 2019, indicating a growth of about 105.5%[28] - Net cash flow from operating activities was negative CNY 10,125,666.82 in Q1 2020, a decline from a positive CNY 37,498,940.86 in Q1 2019[28] - Cash outflow from investing activities totaled CNY 267,070,232.01 in Q1 2020, significantly higher than CNY 3,415,764.42 in Q1 2019[28] - Cash inflow from financing activities was CNY 437,680,000.00 in Q1 2020, compared to CNY 59,000,000.00 in Q1 2019, marking an increase of approximately 641.5%[28] - Net cash flow from financing activities was CNY 195,051,899.36 in Q1 2020, up from CNY 55,901,727.50 in Q1 2019[28] - The ending cash and cash equivalents balance for Q1 2020 was CNY 283,748,305.82, compared to CNY 166,310,323.99 in Q1 2019, reflecting an increase of about 70.6%[28] - Cash inflow from sales of goods and services was CNY 632,726,570.17 in Q1 2020, compared to CNY 389,236,203.87 in Q1 2019, representing a growth of approximately 62.5%[27] - Total cash outflow from operating activities was CNY 817,188,402.83 in Q1 2020, compared to CNY 355,396,474.74 in Q1 2019, indicating an increase of about 130.2%[28] - The company reported a net cash decrease of CNY 82,133,999.47 in Q1 2020, contrasting with an increase of CNY 92,824,689.94 in Q1 2019[28] Assets and Liabilities - Total assets decreased by 4.31% to CNY 6,072,620,618.66 compared to the end of the previous year[5] - Total current assets decreased to ¥3,649,499,700.76 from ¥3,956,834,770.88, representing a decline of about 7.7%[13] - Accounts receivable decreased by 17.49% to CNY 1,420,729,132.44 compared to the previous year[8] - Total current liabilities decreased to ¥2,189,371,022.75 from ¥2,742,704,163.30, indicating a decline of about 20.1%[14] - Total liabilities decreased to ¥2,679,528,851.84 from ¥3,029,277,198.59, reflecting a decrease of approximately 11.5%[14] - Shareholders' equity increased to ¥3,393,091,766.82 from ¥3,316,928,894.17, marking an increase of about 2.3%[15] - The total liabilities as of Q1 2020 amounted to ¥1,203,892,711.59, a decrease from ¥1,430,203,084.71 in the previous period[19] - The total assets as of Q1 2020 were ¥4,335,998,792.68, down from ¥4,532,780,645.07 in the previous period[19] Expenses - Total operating costs for Q1 2020 were ¥481,284,290.50, up 45% from ¥331,774,335.47 in Q1 2019[22] - Research and development expenses for Q1 2020 totaled ¥20,845,392.47, an increase of 101.5% from ¥10,339,154.51 in Q1 2019[23] - Financial expenses for Q1 2020 were ¥13,902,308.90, significantly higher than ¥2,714,486.16 in Q1 2019[23] Other Financial Metrics - The weighted average return on equity decreased by 18.82 percentage points to 2.20% compared to the previous year[5] - The company reported a government subsidy income of CNY 29,171,872.28, which is closely related to its normal business operations[6] - The company reported a credit impairment loss of ¥24,983,777.40 in Q1 2020, compared to ¥2,413,535.24 in Q1 2019[23] - The number of shareholders reached 14,041 by the end of the reporting period[6] - The company reported a significant increase in other receivables, rising to ¥67,264,462.25 from ¥43,808,348.00, an increase of approximately 53.5%[13] - Long-term investments in equity increased to ¥2,459,083,894.11 from ¥2,421,983,894.11, reflecting a growth of about 1.5%[18] - Inventory decreased to ¥1,116,780,972.86 from ¥1,084,845,534.83, a reduction of approximately 2.9%[13] - Short-term borrowings increased to ¥905,588,644.21 from ¥896,771,724.97, an increase of about 0.9%[14]