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天宜上佳(688033) - 2020 Q1 - 季度财报
TYSJTYSJ(SH:688033)2020-04-29 16:00

Financial Performance - Operating revenue for the period was CNY 69,688,211.48, representing a decline of 55.06% year-on-year [10]. - Net profit attributable to shareholders was CNY 19,214,432.33, down 74.58% from the same period last year [10]. - Basic earnings per share were CNY 0.04, a decrease of 78.95% compared to CNY 0.19 in the same period last year [10]. - The company reported a non-operating loss of CNY 2,848,860.39 for the period [16]. - Operating revenue fell by 55.06% to RMB 69,688,211.48 compared to RMB 155,080,643.94 in the same period last year, mainly due to decreased sales volume from the pandemic [25]. - Net profit for Q1 2020 was 18,865,126.17, a decline of 75.0% compared to 75,606,403.55 in Q1 2019 [54]. - Total operating revenue for Q1 2020 was 69,688,211.48, a decrease of 55.1% compared to 155,080,643.94 in Q1 2019 [52]. - Total comprehensive income for Q1 2020 was RMB 29,718,291.73, a decrease of 60.4% from RMB 75,177,739.25 in Q1 2019 [61]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,525,167,203.25, a decrease of 1.25% compared to the end of the previous year [10]. - The company’s total assets decreased significantly, with a notable drop in cash and cash equivalents due to reduced operational activities [25]. - The total liabilities decreased to ¥163.16 million from ¥214.03 million, a reduction of 23.73% [38]. - Total liabilities decreased to 47,234,975.64 from 76,796,522.56, a reduction of 38.5% [46]. - The company reported a decrease in accounts payable from ¥120.26 million to ¥91.07 million, a decline of 24.25% [37]. Cash Flow - The net cash flow from operating activities increased by 45.95% to CNY 35,574,551.06 compared to the previous year [10]. - Cash flow from operating activities for Q1 2020 was RMB 35,574,551.06, an increase of 46.1% compared to RMB 24,373,761.39 in Q1 2019 [66]. - The net cash flow from operating activities was ¥22,600,037.59, a significant improvement from -¥43,785,634.73 in Q1 2019, indicating a recovery in operational efficiency [72]. - The overall cash and cash equivalents decreased by ¥11,949,162.41 in Q1 2020, compared to a decrease of ¥76,904,661.31 in Q1 2019, indicating improved cash management [74]. Research and Development - The R&D investment accounted for 14.60% of operating revenue, an increase of 9.89 percentage points year-on-year [10]. - Research and development expenses rose by 39.45% to RMB 10,175,939.18, reflecting increased investment in R&D [27]. - Research and development expenses for Q1 2020 were 10,175,939.18, up 39.5% from 7,297,149.26 in Q1 2019 [52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,972 [20]. - The largest shareholder, Wu Peifang, held 27.86% of the shares, totaling 125,039,272 shares [20]. Government Support - The company received government subsidies amounting to RMB 402,031.10, which increased by 382.05% compared to the previous period [27]. Inventory and Receivables - Inventory increased by 37.69% to RMB 52,448,130.42 primarily due to reduced sales volume impacted by the COVID-19 pandemic [25]. - Accounts receivable financing decreased by 58.73% to RMB 33,849,262.52 due to the expiration of bank acceptance bills [25]. - Accounts receivable decreased to ¥386.63 million from ¥403.37 million, reflecting a decline of 4.67% [34].