Yongjin Technology (SH:603995)2020-04-26 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥53,542,605.15, representing a growth of 6.23% year-on-year[11]. - Operating revenue for the period was ¥3,177,463,223.08, a decrease of 2.42% compared to the same period last year[11]. - The company's net profit for the current period reached ¥65,668,218.88, an increase of 11.9% compared to ¥58,904,955.85 in the previous period[42]. - The total profit amounted to ¥87,589,436.44, reflecting a growth of 18.6% from ¥73,853,949.49 in the previous year[42]. - The company’s operating profit increased to ¥89,249,140.79, up 19.8% from ¥74,449,749.49 year-over-year[42]. - The total comprehensive income for the current period was ¥66,019,098.47, compared to ¥58,878,076.07 in the previous year, an increase of 12.2%[44]. Cash Flow - The net cash flow from operating activities was -¥81,300,542.93, contrasting with a positive cash flow of ¥44,369,164.04 in the same period last year[11]. - In Q1 2020, the company's cash inflow from operating activities was approximately ¥3.47 billion, a decrease of 0.6% compared to ¥3.49 billion in Q1 2019[50]. - The net cash flow from operating activities in Q1 2020 was negative at approximately -¥81.30 million, contrasting with a positive cash flow of ¥44.37 million in Q1 2019[50]. - Cash inflow from investment activities totaled approximately ¥750.48 million in Q1 2020, significantly higher than ¥365.66 million in Q1 2019, marking an increase of 105.5%[52]. - The net cash flow from investment activities in Q1 2020 was approximately ¥159.49 million, compared to a negative cash flow of -¥60.29 million in Q1 2019[52]. - The net cash flow from financing activities in Q1 2020 was negative at approximately -¥84.80 million, compared to a positive cash flow of ¥32.07 million in Q1 2019[52]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,470,381,065.66, an increase of 5.40% compared to the end of the previous year[10]. - Total liabilities decreased to ¥155,995,626.81 in Q1 2020 from ¥229,710,372.98 in Q1 2019, a reduction of 32%[39]. - The company's total equity increased to ¥2,408,978,860.27 in Q1 2020 from ¥2,392,031,559.88 in Q1 2019, showing a growth of 0.7%[39]. - Inventory surged to CNY 1,092,081,782.21, representing a 113.63% increase from CNY 511,198,286.91, primarily due to increased stock by subsidiaries Jiangsu Yongjin and Fujian Yongjin[21]. - Other current assets fell by 78.87% to CNY 75,073,111.63 from CNY 355,252,467.90, mainly due to the redemption of financial products during the period[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,108[13]. - The largest shareholder, YU JI QUN, holds 26.09% of the shares, with a total of 60,180,000 shares[13]. Expenses and Income - Financial expenses decreased by 126.54% to -CNY 1,999,865.35 from CNY 7,535,570.32, mainly due to reduced interest expenses and increased interest income from time deposits[21]. - Income tax expenses rose to CNY 21,921,217.56, a 46.64% increase from CNY 14,948,993.64, due to higher total profit compared to the previous period[23]. - Research and development expenses were ¥4,989,305.66, significantly lower than ¥14,126,493.02 in the same period last year, indicating a reduction of 64.7%[44]. Other Information - The company has not disclosed any significant new product developments or market expansion strategies in this report[19]. - The company reported non-operating income of ¥9,556,828.51 for the period, primarily from government subsidies and other income[13].