CNANO(SH:688116)2020-04-28 16:00Financial Performance - Operating revenue for the first quarter was ¥60,324,323.35, representing a decrease of 37.09% year-on-year[12] - Net profit attributable to shareholders was ¥12,842,205.24, down 49.46% from the same period last year[12] - Basic earnings per share decreased by 60.00% to ¥0.06 compared to ¥0.15 in the same period last year[12] - Total profit dropped by 51.33% to CNY 14,497,922.63 from CNY 29,786,964.08, attributed to reduced sales revenue and increased costs[29] - Net profit decreased by 49.82% to CNY 12,766,421.85 from CNY 25,439,439.06 in the same period last year[29] - Operating profit for Q1 2020 was ¥12,490,392.73, down 57.5% from ¥29,286,603.39 in Q1 2019[57] - Net profit for Q1 2020 was ¥9,907,224.95, a decline of 60.3% compared to ¥24,939,078.37 in Q1 2019[57] Cash Flow - The net cash flow from operating activities was ¥8,208,987.12, a significant decline of 83.30% compared to the previous year[12] - The company reported a net cash flow from operating activities of CNY 8,208,987.12, down from CNY 49,147,323.91 in Q1 2019[29] - Cash flow from operating activities for Q1 2020 was ¥8,208,987.12, significantly lower than ¥49,147,323.91 in Q1 2019[59] - The net cash flow from financing activities in Q1 2020 was ¥19,837,833.34, down from ¥34,674,586.93 in Q1 2019[61] - Net cash flow from operating activities was negative at -$10,023,888.88, a significant decrease compared to $50,101,444.48 in the previous period[64] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,777,655,572.73, an increase of 2.02% compared to the end of the previous year[12] - Total liabilities rose to CNY 169,280,159.57, compared to CNY 147,757,486.28, marking an increase of around 14.5%[39] - Current assets decreased to CNY 1,253,237,545.96 from CNY 1,287,759,884.87, a decline of about 2.7%[39] - Non-current assets increased significantly to CNY 524,418,026.77 from CNY 454,701,411.04, reflecting an increase of approximately 15.3%[39] - Total liabilities rose to CNY 188,615,439.39 in Q1 2020, up from CNY 166,006,040.97 in Q1 2019, indicating an increase of 13.0%[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,915[18] - The top ten shareholders held a combined total of 73.87% of the shares, with the largest shareholder owning 10.13%[18] - The company's equity attributable to shareholders increased to CNY 1,594,595,489.85 from CNY 1,581,548,102.94, a growth of about 0.8%[41] Research and Development - The company's R&D investment accounted for 7.89% of operating revenue, an increase of 2.24 percentage points year-on-year[15] - Research and development expenses for Q1 2020 were CNY 4,757,073.55, a decrease of 12.2% from CNY 5,417,688.69 in Q1 2019[50] - Research and development expenses for Q1 2020 were ¥5,054,375.41, slightly down from ¥5,558,383.23 in Q1 2019[53] Other Financial Metrics - The weighted average return on net assets fell by 3.10 percentage points to 0.81%[12] - Other income decreased by 79.53% to CNY 684,610.10 from CNY 3,344,653.45, mainly due to a reduction in government subsidies received[29] - The company reported a government subsidy of ¥684,610.10 related to its normal business operations[15] - The deferred income tax liabilities increased by 55.52% to CNY 1,422,449.87 from CNY 914,637.28, mainly due to tax liabilities from financial management[29]