Bayi Space(SH:688181)2020-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 134,046,584.24, representing a growth of 33.35% year-on-year[7] - Net profit attributable to shareholders was CNY 37,289,064.35, an increase of 34.66% compared to the same period last year[7] - The company reported a 55.03% increase in investment income to ¥136,641.61, primarily from bank wealth management returns[16] - The net profit for Q1 2020 reached RMB 38,832,422.70, up 32.4% from RMB 29,321,664.96 in Q1 2019[22] - The gross profit margin for Q1 2020 was approximately 47.3%, compared to 50.0% in Q1 2019, indicating a slight decrease[21] Cash Flow - The net cash flow from operating activities was CNY 9,309,911.16, a significant recovery from a loss of CNY 621,881.90 in the previous year[7] - Cash flow from operating activities for Q1 2020 was RMB 126,262,268.71, compared to RMB 85,728,465.04 in Q1 2019, showing a growth of 47.2%[24] - The net cash flow from operating activities was $9,309,911.16, a significant improvement from a negative cash flow of $621,881.90 in the prior year[25] - The net cash flow from investment activities was -$690,156,148.79, worsening from -$78,518,728.72 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,734,372,640.71, a slight increase of 0.19% compared to the previous year[7] - The total liabilities decreased to RMB 143,579,846.38 in Q1 2020 from RMB 179,206,380.99 in Q4 2019, reflecting a reduction of 19.9%[20] - The company's cash and cash equivalents decreased by 68.49% to ¥326,992,192.66 compared to the end of the previous year, primarily due to the investment of idle funds in principal-protected bank wealth management products[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,046[11] - The largest shareholder, Zhao Lei, held 20.38% of the shares, totaling 19,657,052 shares[11] Research and Development - Research and development expenses accounted for 4.76% of operating revenue, an increase of 0.18 percentage points year-on-year[8] - Research and development expenses increased to RMB 6,382,607.43 in Q1 2020, representing a 38.7% rise from RMB 4,605,923.47 in Q1 2019[21] Operating Costs - Operating costs rose by 40.47% to ¥70,692,823.29, in line with the increase in operating revenue[16] Other Financial Metrics - Basic and diluted earnings per share were both CNY 0.40, a decrease of 2.44% compared to the previous year[8] - The weighted average return on net assets decreased by 2.85 percentage points to 2.47%[7] - Short-term borrowings were fully repaid, resulting in a 100% decrease from ¥19,950,000.00 at the end of the previous year[15] - The construction in progress increased by 79.63% to ¥2,154,050.66, mainly due to the expansion of the production capacity for liquid crystal materials[15]