Autel(SH:688208)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 42.56% to CNY 61,655,131.45 year-on-year[12] - Operating income rose by 13.36% to CNY 279,941,697.28 compared to the same period last year[12] - Basic earnings per share increased by 36.36% to CNY 0.15[12] - The company reported a net profit excluding non-recurring gains and losses of CNY 64,107,802.48, up 68.79% year-on-year[12] - Net profit for Q1 2020 was ¥61,655,131.45, up 42.6% from ¥43,248,944.48 in Q1 2019[48] - The company reported a significant increase in cash reserves, which is crucial for future investments and operational stability[31] - The company reported a decrease in tax expenses to ¥12,821,131.90 from ¥4,453,410.02, indicating a significant increase in profitability[48] - The company reported a net profit of ¥483,496,903.23 in retained earnings, reflecting strong financial performance[74] Assets and Liabilities - Total assets increased by 80.15% to CNY 2,715,269,268.35 compared to the end of the previous year[12] - The company's cash and cash equivalents increased by 348.33% to ¥1,551,793,656.01 from ¥346,126,444.29, primarily due to the proceeds from the initial public offering[23] - Total current assets increased to ¥2,291,924,999.95 as of March 31, 2020, up from ¥1,085,060,993.87 on December 31, 2019, representing a growth of 111%[31] - Total liabilities increased to ¥391,791,158.06 from ¥342,019,207.24, representing a growth of 14.5%[36] - The company’s total liabilities increased by 33.35% to ¥119,535,727.06, primarily due to increased raw material purchases[23] - Total liabilities amounted to ¥342,019,207.24, with current liabilities at ¥180,424,885.59 and non-current liabilities at ¥161,594,321.65[67] Cash Flow - Net cash flow from operating activities surged by 259.96% to CNY 141,725,301.99[12] - Cash flow from operating activities for Q1 2020 was approximately ¥141.73 million, a substantial increase from ¥39.37 million in Q1 2019[57] - Cash inflow from operating activities totaled CNY 299,954,267.78 in Q1 2020, an increase of 21.3% from CNY 247,456,313.99 in Q1 2019[59] - Cash outflow from operating activities decreased to CNY 174,828,445.57 in Q1 2020 from CNY 187,009,957.18 in Q1 2019, a reduction of 6.4%[59] - The company reported a net increase in cash and cash equivalents of CNY 1,189,980,069.68 for Q1 2020, compared to CNY 48,900,540.09 in Q1 2019[61] Research and Development - R&D expenses accounted for 16.35% of operating income, an increase of 2.43 percentage points[15] - Research and development expenses rose by 36.93% to ¥43,733,238.55 compared to ¥31,939,192.96 in the previous year, reflecting increased investment in R&D[25] - Research and development expenses increased to approximately ¥18.18 million in Q1 2020, up from ¥12.54 million in Q1 2019, reflecting a focus on innovation[52] Shareholder Information - The total number of shareholders reached 17,199 at the end of the reporting period[18] - The largest shareholder, Li Hongjing, holds 37.72% of the shares[18] Equity - Owner's equity surged to ¥2,323,478,110.29 from ¥1,165,169,758.44, an increase of 99%[36] - Total equity rose significantly to ¥2,159,373,553.93 from ¥1,052,965,305.74, marking an increase of 105.5%[46] - The company’s total equity increased to ¥1,052,965,305.74, indicating a solid capital structure[74] Other Financial Metrics - The weighted average return on net assets decreased by 0.14 percentage points to 3.95%[12] - The total investment loss was reported at ¥7,738,800.00, indicating a significant impact from foreign exchange forward trading losses[25] - The company reported a significant increase in cash received from sales, totaling approximately ¥340.98 million in Q1 2020, compared to ¥240.79 million in Q1 2019[57] - Other comprehensive income after tax was negative at -¥3,551,333.86, compared to positive ¥1,686,113.64 in the previous year[48]