Accotest(SH:688200)2020-04-24 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 35,825,165.34, representing a growth of 54.18% year-on-year[12] - Operating income for the period was CNY 85,408,512.79, reflecting a year-on-year increase of 42.87%[12] - Basic earnings per share increased by 27.27% to CNY 0.70 from CNY 0.55 in the previous year[12] - The company reported a net profit of RMB 167,067,160.72 for Q1 2020, compared to RMB 155,637,553.93 in Q1 2019, showing a growth of 7.9%[36] - The company's net profit for the first quarter of 2020 was CNY 11,429,606.79, an increase from CNY 6,355,559.80 in the same period of 2019, representing an increase of approximately 79.5%[46] - Operating revenue for the first quarter of 2020 reached CNY 86,018,404.94, up from CNY 60,196,365.12 in the first quarter of 2019, indicating a year-over-year increase of approximately 42.9%[44] - The total profit for the first quarter of 2020 was CNY 12,680,348.09, significantly higher than CNY 6,866,141.92 in the previous year, representing an increase of approximately 84.5%[44] Assets and Equity - Total assets at the end of the reporting period reached CNY 2,031,715,332.34, an increase of 311.63% compared to the end of the previous year[12] - Total equity increased by 361.69% to ¥1,976,095,045.57 from ¥428,011,297.27[21] - The total assets as of March 31, 2020, were RMB 2,004,167,000.56, significantly higher than RMB 484,493,229.70 at the same time in 2019[39] - The total equity as of March 31, 2020, was RMB 1,913,360,468.40, up from RMB 389,672,278.65 in Q1 2019, reflecting a 389.5% increase[36] Cash Flow - The net cash flow from operating activities decreased by 33.84% to CNY 9,437,101.81 compared to the same period last year[12] - The cash flow from operating activities showed a strong performance with a total inflow of 81,911,712.12 RMB, compared to 61,639,835.11 RMB previously, marking an increase of approximately 32.7%[52] - Cash inflow from financing activities reached 1,528,613,803.64 RMB, with a net cash flow of 1,509,147,431.02 RMB after outflows[53] - The net cash flow from financing activities reached ¥1,509,147,431.02, a significant increase of 1263.21% from ¥110,705,700.00[21] Liabilities - Total liabilities decreased to ¥55,620,286.77 from ¥65,572,832.59[29] - The total liabilities as of March 31, 2020, were RMB 90,806,532.16, slightly down from RMB 94,820,951.05 in Q1 2019[36] Research and Development - Research and development expenses accounted for 10.16% of operating income, a decrease of 1.19 percentage points compared to the previous year[15] - Research and development expenses in Q1 2020 amounted to RMB 8,680,265.33, compared to RMB 6,786,359.96 in Q1 2019, indicating a 28.0% increase[39] - Research and development expenses for the first quarter of 2020 were CNY 6,619,154.59, compared to CNY 5,196,146.77 in the first quarter of 2019, reflecting an increase of approximately 27.4%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,986[18] - The largest shareholder, Tianjin Xinhua Investment Holdings Co., Ltd., held 29.79% of the shares[18]