GDTC(SH:688186)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 34.42% to CNY 26,977,086.43, while operating revenue fell by 49.17% to CNY 278,840,216.16[5] - The weighted average return on net assets dropped to 2.17% from 4.41% year-on-year[5] - Basic and diluted earnings per share decreased by 39.39% to CNY 0.20[5] - Revenue for Q1 2020 decreased by 49.17% to ¥278,840,216.16 from ¥548,547,121.27, significantly impacted by the pandemic and reduced exports[14] - Total operating revenue for Q1 2020 was ¥278,840,216.16, a decrease of 49.3% compared to ¥548,547,121.27 in Q1 2019[23] - Net profit for Q1 2020 was ¥26,977,086.43, representing a decline of 34.5% from ¥41,138,828.40 in Q1 2019[24] - Basic and diluted earnings per share for Q1 2020 were both ¥0.20, down from ¥0.33 in Q1 2019[25] - The net profit for Q1 2020 was CNY 28,977,673.39, a decrease of 11.5% compared to CNY 32,641,153.47 in Q1 2019[27] Assets and Liabilities - Total assets increased by 18.54% to CNY 2,913,567,325.56 compared to the end of the previous year[5] - Total current assets increased to ¥1,903,008,181.06 as of March 31, 2020, up from ¥1,541,675,892.55 on December 31, 2019, representing a growth of approximately 23.5%[19] - Total liabilities decreased to ¥1,229,526,100.12 from ¥1,440,673,849.71, a reduction of approximately 14.6%[20] - Total assets amounted to ¥2,913,567,325.56, up from ¥2,457,807,330.42, representing an increase of about 18.5%[20] - Total liabilities for Q1 2020 were ¥960,629,972.17, a decrease from ¥1,059,096,527.89 in Q1 2019[22] - Total liabilities stood at ¥1,440,673,849.71, with current liabilities accounting for ¥1,424,942,435.11[35] Cash Flow - The company reported a net cash flow from operating activities of -CNY 122,279,051.25, reflecting a decline compared to the previous year[5] - The company reported a financial asset impairment loss of ¥-4,013,533.73 in Q1 2020, compared to ¥-12,436,591.65 in Q1 2019[24] - Cash flow from operating activities showed a net outflow of CNY -122,279,051.25 in Q1 2020, compared to CNY -104,870,148.03 in Q1 2019, indicating a worsening cash flow situation[28] - The company raised CNY 639,537,649.20 from investment activities in Q1 2020, compared to no such income in Q1 2019[29] - The cash flow from financing activities showed a net inflow of CNY 449,200,499.73 in Q1 2020, a turnaround from a net outflow of CNY -42,042,764.65 in Q1 2019[29] Shareholder Information - The total number of shareholders reached 15,493, indicating a stable shareholder base[10] - The largest shareholder, Zhangjiagang Guoda Investment Holding Co., Ltd., holds 27.18% of the shares[10] - Shareholders' equity rose to ¥1,684,041,225.44 from ¥1,017,133,480.71, showing a growth of approximately 65.5%[20] - The equity attributable to shareholders was reported at ¥1,017,133,480.71, showcasing a strong equity position[35] Operational Insights - The company is focusing on enhancing its product development and market expansion strategies in response to the current financial challenges[5] - The company has not disclosed any new mergers or acquisitions during this reporting period[5] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30] Inventory and Receivables - Accounts receivable rose by 30.43% to ¥411,476,417.99 compared to ¥315,474,368.94, attributed to a higher volume of bank acceptance drafts received[13] - Prepayments surged by 272.52% to ¥52,467,143.42 from ¥14,084,201.25, primarily due to increased procurement payments[13] - Inventory levels reached ¥744,655,227.24, compared to ¥714,871,797.05, indicating an increase of about 4.2%[18] Research and Development - Research and development expenses dropped by 51.71% to ¥9,502,603.67 from ¥19,680,202.33, due to delays in some projects caused by the pandemic[15] - Other income rose by 1,349.18% to ¥2,173,777.16 from ¥150,000.00, mainly due to increased government subsidies[15]