SQM(SH:688138)2020-04-27 16:00Financial Performance - Operating revenue rose by 25.87% to CNY 123,375,922.56 year-on-year[6] - Net profit attributable to shareholders increased by 12.67% to CNY 16,613,891.46 compared to the same period last year[6] - Net cash flow from operating activities improved by 27.84% to CNY 33,618,493.20 year-on-year[6] - Total operating revenue for Q1 2020 was CNY 123,375,922.56, an increase of 25.9% compared to CNY 98,020,367.71 in Q1 2019[29] - Net profit for Q1 2020 reached CNY 16,613,891.46, representing a 12.5% increase from CNY 14,746,047.48 in Q1 2019[31] - Operating profit for Q1 2020 was CNY 20,756,398.49, a rise of 22.1% compared to CNY 16,889,814.38 in Q1 2019[29] - The total comprehensive income for Q1 2020 was CNY 19,724,009.82, compared to CNY 14,630,370.93 in Q1 2019, representing a year-over-year increase of approximately 34.3%[34]. Assets and Liabilities - Total assets increased by 2.59% to CNY 1,362,668,434.91 compared to the end of the previous year[6] - Current assets totaled ¥530,220,992.77, down from ¥574,971,143.08, indicating a decrease of about 7.8%[22] - Total liabilities reached ¥222,763,141.02, up from ¥204,938,331.93, which is an increase of approximately 8.6%[23] - Total liabilities decreased to CNY 110,072,873.80 in Q1 2020 from CNY 149,090,626.25 in Q1 2019, a reduction of 26.2%[29] - Total equity increased to CNY 1,150,923,992.30 in Q1 2020 from CNY 1,131,199,982.48 in Q1 2019, reflecting a growth of 1.7%[29] Shareholder Information - The total number of shareholders reached 13,219 at the end of the reporting period[13] - The largest shareholder, Light Film (Hong Kong) Co., Ltd., holds 36.97% of the shares[13] Cash Flow and Investments - Cash received from government subsidies related to operating activities increased by 393.25% to ¥28,478,275.21 from ¥5,773,567.21[19] - Cash inflows from operating activities amounted to CNY 161,544,921.00 in Q1 2020, up from CNY 112,592,302.50 in Q1 2019, indicating a growth of about 43.4%[35]. - The net cash flow from operating activities for Q1 2020 was CNY 33,618,493.20, compared to CNY 26,298,225.78 in Q1 2019, reflecting an increase of approximately 27.5%[37]. - The company invested CNY 62,593,523.17 in fixed assets and intangible assets during Q1 2020, compared to CNY 40,133,670.17 in Q1 2019, marking an increase of approximately 56.1%[37]. - The net cash flow from investing activities was -CNY 62,593,523.17 in Q1 2020, worsening from -CNY 40,131,859.83 in Q1 2019[37]. - The net cash flow from financing activities was -CNY 45,430,694.45 in Q1 2020, compared to a positive net cash flow of CNY 36,394,236.14 in Q1 2019, indicating a significant decline[37]. Expenses and Costs - Total operating costs for Q1 2020 were CNY 104,113,671.95, up 27.0% from CNY 82,107,365.63 in Q1 2019[29] - The company's management expenses increased by 57.51% to ¥7,689,032.88 from ¥4,881,715.97, mainly due to increased office expenses at the Hefei subsidiary[19] - The income tax expense increased by 46.60% to ¥3,135,389.28 from ¥2,138,767.13, reflecting a substantial growth in the company's profit[19] - The company reported a significant increase in other expenses, which surged by 15429.20% to ¥1,057,555.49, mainly due to losses from idle equipment scrapping[19] Research and Development - R&D expenses as a percentage of revenue decreased by 1.09 percentage points to 3.27%[8] - Research and development expenses for Q1 2020 were CNY 4,028,674.44, slightly down from CNY 4,278,376.29 in Q1 2019[29]