Giantec Semiconductor(SH:688123)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was ¥20,473,929.01, representing a 26.47% increase year-on-year[8]. - Operating revenue for the period was ¥99,997,138.06, a decrease of 10.47% compared to the same period last year[8]. - The company reported a net profit of CNY 133,113,295.88, up from CNY 111,422,002.71, indicating an increase of about 19.5% in retained earnings[34]. - The company reported a total profit of ¥22,914,129.45 for Q1 2020, up 27.1% from ¥18,067,785.57 in Q1 2019[41]. - The net profit for Q1 2020 was CNY 21,691,293.17, compared to CNY 11,844,219.65 in Q1 2019, representing an increase of approximately 83.5%[45]. Cash Flow - The net cash flow from operating activities was ¥31,275,124.77, a significant recovery from a negative cash flow of ¥11,499,736.85 in the previous year[8]. - Operating cash flow turned positive with a net cash inflow of ¥31,275,124.77 compared to a net outflow of ¥11,499,736.85 in the same period last year[20]. - Cash inflow from operating activities totaled CNY 138,623,361.90 in Q1 2020, up from CNY 98,324,737.48 in Q1 2019, indicating a growth of about 40.9%[46]. - The net cash flow from operating activities was CNY 31,275,124.77, a significant improvement from a net outflow of CNY 11,499,736.85 in the same period last year[50]. - The company reported cash outflow from investing activities of CNY 500,009,115.05 in Q1 2020, compared to CNY 172,019.27 in Q1 2019, reflecting a substantial increase in investment[51]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,435,163,866.46, an increase of 1.36% compared to the end of the previous year[8]. - Cash and cash equivalents decreased by 38.21% to ¥763,851,017.09 from ¥1,236,138,679.82 due to the investment in capital-preserving products[18]. - Trade receivables decreased by 46.84% to ¥27,832,178.85 from ¥52,359,222.64, primarily due to the collection of receivables that matured during the period[18]. - The total liabilities increased by 33.02% in accounts payable, rising to ¥62,462,117.48 from ¥46,956,528.86, reflecting increased procurement for inventory[18]. - The total liabilities amounted to CNY 86,557,922.99, slightly up from CNY 85,727,609.89, showing a marginal increase of about 1.0%[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,852, with the largest shareholder holding 21.27% of the shares[12]. - The company is controlled by Mr. Chen Zhuotao, who has significant influence over several major shareholders[14]. Research and Development - The R&D expenditure accounted for 11.30% of operating revenue, down from 13.60% in the previous year, indicating a reduction of 2.30 percentage points[8]. - Research and development expenses for Q1 2020 were ¥11,302,757.75, a decrease of 25.1% from ¥15,191,011.92 in Q1 2019[37]. Other Income and Expenses - The company received government subsidies amounting to ¥26,100.00, which are closely related to its normal business operations[9]. - Other income decreased by 92.78% to ¥26,100.00 from ¥361,520.00, mainly due to a reduction in government subsidies recognized[20]. - The company reported a significant reduction in tax and additional charges, which were ¥31,442.10 in Q1 2020, compared to ¥115,037.87 in Q1 2019[37]. Equity and Earnings Per Share - Basic earnings per share were ¥0.17, a decrease of 5.56% compared to ¥0.18 in the previous year[8]. - The equity attributable to shareholders increased to CNY 1,375,620,579.08 from CNY 1,353,566,961.12, reflecting a growth of approximately 1.6%[34].