长阳科技(688299) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 35,188,103.85, representing an increase of 116.75% year-on-year[6]. - Operating revenue reached CNY 174,367,607.10, reflecting an 18.14% increase compared to the same period last year[6]. - Basic earnings per share increased by 50.00% to CNY 0.12[6]. - Operating profit increased by 101.58% to CNY 37,685,938.95, driven by higher operating income and gross margin[16]. - The company's net profit for Q1 2020 was CNY 35,188,103.85, representing a 116.75% increase compared to the same period last year[16]. - Total operating revenue for Q1 2020 was CNY 174,367,607.10, an increase of 18.1% compared to CNY 147,599,255.58 in Q1 2019[30]. - Earnings per share for Q1 2020 were CNY 0.12, compared to CNY 0.08 in Q1 2019[31]. - The company achieved a total comprehensive income of CNY 35,261,998.74, compared to CNY 16,039,148.22 in the previous year[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,051,515,727.50, a decrease of 0.19% compared to the end of the previous year[6]. - The total assets for the company were CNY 2,052,315,135.57 in Q1 2020, slightly down from CNY 2,055,067,329.90 in Q1 2019[30]. - Total liabilities decreased from ¥443,412,538.67 to ¥404,090,698.58, a reduction of about 8.87%[24]. - Total liabilities decreased to CNY 409,918,036.27 in Q1 2020 from CNY 447,932,229.34 in Q1 2019, a reduction of 8.5%[30]. - The company's equity increased from ¥1,612,093,472.22 to ¥1,647,425,028.92, an increase of approximately 2.18%[24]. - Total equity increased to CNY 1,642,397,099.30 in Q1 2020 from CNY 1,607,135,100.56 in Q1 2019, an increase of 2.2%[30]. Cash Flow - The net cash flow from operating activities was CNY 12,256,810.01, down 53.78% year-on-year[6]. - The company reported a decrease in cash flow from operating activities, with a net cash flow of CNY 12,256,810.01, down 53.78% from the previous year[17]. - In Q1 2020, the company reported a net cash flow from operating activities of CNY 12,256,810.01, a decrease of 53.8% compared to CNY 26,518,900.79 in Q1 2019[37]. - The company recorded a net cash flow from investing activities of CNY 23,827,279.78, a turnaround from a negative cash flow of CNY -91,494,830.79 in the same quarter last year[39]. - The net cash flow from financing activities was CNY -37,473,362.80, worsening from CNY -6,104,879.24 in the previous year[38]. Research and Development - Research and development expenses accounted for 5.42% of operating revenue, an increase of 1.74 percentage points[8]. - Research and development expenses rose by 74.25% to CNY 9,453,404.99, indicating increased investment in innovation[16]. - Research and development expenses for Q1 2020 were CNY 9,453,404.99, up 74.4% from CNY 5,425,306.99 in Q1 2019[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,788[12]. - The top shareholder, Jin Yadong, held 16.06% of the shares, totaling 45,378,922 shares[12]. Government Support - The company received government subsidies amounting to CNY 4,606,161.07, including a special subsidy of CNY 3 million from Jiangbei District[9]. Inventory and Current Assets - Inventory increased significantly from ¥84,642,464.44 to ¥102,307,988.42, representing a growth of approximately 20.83%[22]. - Current assets totaled ¥1,337,380,906.24, compared to ¥1,336,257,314.05 at the end of 2019, indicating a marginal increase[22]. - Cash and cash equivalents decreased from ¥223,222,517.76 to ¥198,597,260.49, a decline of approximately 11.05%[22]. - Accounts receivable rose to ¥298,445,973.14 from ¥305,282,299.23, reflecting a decrease of about 2.75%[22]. Future Outlook - Future guidance indicates a commitment to maintaining financial stability while exploring strategic acquisitions and partnerships[42].