GRANDWALL(SH:603897)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 8.84% to CNY 39,469,275.56 year-on-year[5] - Operating revenue decreased by 19.84% to CNY 921,028,553.86 compared to the same period last year[5] - Basic earnings per share rose by 10.00% to CNY 0.22 per share[5] - The weighted average return on equity decreased by 0.09 percentage points to 2.04%[5] - Total operating revenue for Q1 2020 was ¥921,028,553.86, a decrease of 19.9% compared to ¥1,148,973,079.28 in Q1 2019[25] - Net profit for Q1 2020 was ¥39,469,275.56, an increase of 8.1% from ¥36,263,396.33 in Q1 2019[26] - The total comprehensive income for Q1 2020 was ¥39,469,275.56, compared to ¥36,263,396.33 in Q1 2019[27] Cash Flow - Net cash flow from operating activities surged by 1,162.66% to CNY 323,080,819.48 compared to the previous year[5] - The net cash flow from operating activities was ¥323,080,819.48, significantly higher than ¥25,587,374.02 in Q1 2019[32] - Total cash inflow from operating activities was ¥1,139,531,103.55, while cash outflow was ¥822,818,742.22, resulting in a net cash inflow of ¥316,712,361.33[34] - The net cash flow from financing activities was -¥3,169,785.00 in Q1 2020, a decrease from ¥570,014,550.35 in Q1 2019[33] - The net cash flow from investing activities was -¥147,178,931.01, an improvement from -¥687,535,133.17 in the same period last year, indicating a reduction in cash outflow by approximately 79%[35] Assets and Liabilities - Total assets increased by 9.36% to CNY 3,169,527,417.20 compared to the end of the previous year[5] - Total liabilities as of March 31, 2020, were ¥1,249,279,319.45, compared to ¥1,017,517,068.82 at the end of 2019, reflecting a 22.7% increase[22] - The company reported a total equity of ¥1,908,088,675.66 as of March 31, 2020, up from ¥1,873,829,401.00 at the end of 2019[22] - The company's total liabilities to equity ratio stood at approximately 0.51, indicating a relatively low leverage position[40] Shareholder Information - The total number of shareholders reached 18,876 at the end of the reporting period[8] - The largest shareholder, Zhejiang Great Wall Electronic Technology Group Co., Ltd., holds 45.82% of the shares[8] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 8,588,321.20[7] - Other income increased significantly by 601.66% to ¥8,588,321.20 from ¥1,224,000.00, primarily due to an increase in government subsidies related to daily activities[13] Investment and Financial Assets - Investment income rose dramatically by 2548.45% to ¥12,576,510.70 from ¥474,862.35, mainly from returns on financial products and gains from the disposal of trading financial assets[13] - Trading financial assets rose by 71.25% to ¥480,000,000.00 from ¥280,294,408.80, primarily due to an increase in financial products purchased at fair value[12] Employee Compensation - The company reported a decrease in employee compensation payable by 33.23% to ¥7,812,265.85 from ¥11,700,706.11, due to the payment of last year's accrued bonuses[12] Research and Development - The company plans to continue focusing on research and development, with R&D expenses for Q1 2020 at ¥25,371,739.04, slightly up from ¥25,291,312.05 in Q1 2019[26]