Eazytec(SH:688258)2020-04-21 16:00Financial Performance - Operating revenue for the period was CNY 28,656,496.57, representing an increase of 26.66% year-on-year[6] - Net profit attributable to shareholders was CNY 9,215,726.13, up 45.36% from the same period last year[6] - Basic earnings per share increased to CNY 0.11, reflecting a growth of 10.00% compared to the previous year[7] - The company reported non-recurring gains of CNY 3,978,178.35 during the period[9] - Total operating revenue for Q1 2020 was CNY 28,656,496.57, an increase of 26.9% compared to CNY 22,624,273.31 in Q1 2019[23] - Net profit attributable to shareholders for Q1 2020 was CNY 164,550,254.29, an increase of 4.0% from CNY 158,138,217.83 in Q1 2019[20] - Operating profit for Q1 2020 was CNY 1,629,581.44, compared to CNY 1,810,627.20 in Q1 2019, reflecting a decrease of 10.0%[23] - The total profit for Q1 2020 was CNY 6,837,830.97, an increase of 37% from CNY 4,989,036.35 in Q1 2019[27] Cash Flow - The net cash flow from operating activities was CNY 5,325,388.08, a significant recovery from a negative cash flow of CNY -8,910,842.62 in the previous year[6] - Cash flow from operating activities in Q1 2020 was CNY 46,802,167.01, down from CNY 57,636,003.63 in Q1 2019[31] - The company reported a net cash flow from operating activities of CNY 7,021,265.67, down from CNY 18,220,356.86 in Q1 2019[36] - Total cash outflow for operating activities was CNY 30,670,948.41, a decrease from CNY 141,483,462.39 in Q1 2019[36] - The company reported a decrease in accounts receivable from CNY 153,126,485.51 in Q1 2019 to CNY 54,977,531.67 in Q1 2020, a reduction of 64.0%[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 938,925,975.92, a decrease of 0.50% compared to the end of the previous year[6] - Total assets decreased to CNY 938,925,975.92 from CNY 943,689,669.75, indicating a slight decline in overall asset value[16] - Total liabilities as of March 31, 2020, were CNY 127,395,239.67, down from CNY 139,934,159.75 at the end of 2019[20] - Current liabilities decreased, with accounts payable dropping to CNY 20,384,756.45 from CNY 28,844,611.88, reflecting improved cash management[16] - Total liabilities reached CNY 87,964,721.32, with current liabilities at CNY 77,523,574.70 and non-current liabilities at CNY 10,441,146.62[41] Shareholder Information - The company had a total of 6,177 shareholders at the end of the reporting period[9] - The largest shareholder, Xie Qian, held 43.05% of the shares, totaling 37,430,696 shares[9] Research and Development - Research and development expenses accounted for 23.05% of operating revenue, an increase of 1.11 percentage points year-on-year[7] - Research and development expenses increased by 33.05% to CNY 6,603,902.72 from CNY 4,963,515.29, reflecting higher investment in R&D[13] - Research and development expenses for Q1 2020 were CNY 1,820,002.78, down 20.9% from CNY 2,301,202.02 in Q1 2019[27] Other Financial Metrics - Other income increased by 84.32% to CNY 2,654,037.40 from CNY 1,439,887.05, mainly due to increased government subsidies received[13] - The company reported a fair value change income of CNY 1,531,031.37 in Q1 2020, compared to CNY 35,026.99 in Q1 2019[27] - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[43] - The company did not report any significant changes in its commitments or major events during the reporting period[14] Compliance and Standards - The company adopted new revenue recognition standards starting January 1, 2020, impacting financial statement adjustments[47] - The report indicates that the company is compliant with the new accounting standards as of the reporting date[47] - The company did not apply retrospective adjustments for prior period comparative data under the new revenue standards[48]