Eurocrane(SH:603966)2020-04-24 16:00Financial Performance - Operating income for the period was CNY 202,632,643.41, representing a year-on-year increase of 6.67%[6] - Net profit attributable to shareholders of the listed company rose by 76.00% to CNY 6,236,415.33[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 56.88% to CNY 3,548,316.85[6] - Basic earnings per share were CNY 0.03, up from CNY 0.02 in the same period last year[6] - The net profit for the period is not expected to show significant changes compared to the same period last year[13] - Total revenue for Q1 2020 was CNY 202,632,643.41, an increase of 6.8% compared to CNY 189,959,886.27 in Q1 2019[24] - Net profit for Q1 2020 was CNY 8,984,773.02, up from CNY 7,019,201.17 in Q1 2019, indicating a growth of 28.0%[24] - Operating profit for Q1 2020 was CNY 10,372,667.41, compared to CNY 7,212,515.92 in Q1 2019, representing an increase of 43.0%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,446,549,913.18, a decrease of 0.35% compared to the end of the previous year[6] - Total liabilities decreased to ¥1,397,485,498.47 from ¥1,414,314,506.01[18] - The company's equity increased to ¥1,049,064,414.71 from ¥1,040,754,640.84[18] - Total assets as of March 31, 2020, were CNY 1,704,703,593.98, down from CNY 1,730,693,039.50 at the end of 2019, a decrease of 1.5%[22] - Total liabilities decreased to CNY 785,365,713.48 from CNY 824,689,235.24, a decline of 4.8%[22] - Shareholders' equity increased to CNY 919,337,880.50 from CNY 906,003,804.26, an increase of 1.5%[22] Cash Flow - The net cash flow from operating activities was CNY 28,831,606.29, a decrease of 68.83% compared to the previous year[6] - Cash flow from operating activities decreased by 68.83% to ¥28,831,606.29 primarily due to changes in receivables and prepayments[12] - Cash inflow from operating activities in Q1 2020 was ¥292,644,074.06, slightly down from ¥306,432,941.65 in Q1 2019[30] - The company reported a total cash inflow from operating activities of ¥174,349,984.85, down 20.6% from ¥219,975,764.97 in the same period last year[32] - The net cash flow from operating activities was ¥19,794,528.02, a decline of 70.4% compared to ¥66,800,692.09 in Q1 2019[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,970[9] - The top three shareholders collectively hold 54.51% of the company's shares, making them the controlling shareholders[10] Research and Development - R&D expenses increased by 86.64% to ¥9,144,472.73 reflecting increased investment in research and development[12] - Research and development expenses for Q1 2020 were ¥3,455,815.65, a slight increase from ¥3,285,623.33 in Q1 2019[28] Other Income and Expenses - Other income rose by 280.70% to ¥5,575,518.89 due to increased government subsidies[12] - The company reported a significant reduction in sales expenses, which decreased to ¥7,780,156.85 from ¥11,095,134.97 in Q1 2019, a drop of 29.0%[28] - The financial income for Q1 2020 included interest income of ¥3,286,825.59, compared to ¥1,494,615.04 in Q1 2019, showing a substantial increase[28] - The company experienced a credit impairment loss of ¥2,325,461.02 in Q1 2020, compared to a loss of ¥112,149.74 in Q1 2019[28]