SHBM(SH:900939)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders surged by 2,272.20% to CNY 4,970,427.22 from CNY 209,528.23 in the same period last year[7] - Operating revenue rose by 65.93% to CNY 4,552,005.87 compared to CNY 2,743,324.65 in the previous year[7] - Basic earnings per share reached CNY 0.0274, up 2,183.33% from CNY 0.0012 in the same period last year[7] - The company reported a significant increase in net profit due to improved operational efficiency and revenue growth[13] - The company reported a net profit attributable to shareholders of ¥4,970,427.22, a significant increase of 2,272.20% from ¥209,528.23, driven by asset disposal gains[15] - Net profit for Q1 2020 was CNY 4,949,156.20, compared to CNY 204,519.32 in Q1 2019, indicating a significant increase[28] Cash Flow - Net cash flow from operating activities increased by 506.86% to CNY 4,075,402.94 from CNY 671,560.18 year-on-year[7] - Cash and cash equivalents increased by 64.93% to ¥44,282,201.62 from ¥26,849,716.20 due to a decrease in wealth management products[15] - Net cash flow from operating activities surged by 506.86% to ¥4,075,402.94 from ¥671,560.18, mainly due to increased rental income and reduced tax payments[16] - The net cash flow from operating activities for Q1 2020 was CNY 4,075,402.94 million, significantly up from CNY 671,560.18 million in Q1 2019[33] - The cash inflow from operating activities totaled 220,622.58 RMB in Q1 2020, down from 328,421.61 RMB in Q1 2019, a decline of 32.9%[35] Assets and Liabilities - Total assets increased by 6.98% to CNY 113,303,812.43 compared to the end of the previous year[7] - Total assets increased to ¥113,303,812.43 from ¥105,914,103.51, reflecting a growth in both current and non-current assets[19] - Total liabilities increased to CNY 40,079,429.53 from CNY 38,242,512.82, reflecting a rise of 4.8%[24] - Non-current liabilities remained stable, with no significant changes reported in long-term borrowings or bonds[19] Shareholder Information - The total number of shareholders reached 11,188 by the end of the reporting period[11] - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 28.64% of the shares, totaling 51,989,300 shares[11] Operating Costs and Income - Operating costs decreased by 60.26% to ¥202,696.42 from ¥510,006.77, attributed to reduced factory leasing costs[15] - Total operating costs decreased to CNY 710,716.18 from CNY 1,233,402.39, representing a reduction of 42.3%[28] Investment Performance - Investment income from joint ventures showed a loss of ¥1,846,844.81, worsening from a loss of ¥1,136,599.69 in the previous year[15] - The company anticipates uncertainty in cumulative net profit for the year due to the unpredictable performance of joint venture Shanghai Huili Coating Co., Ltd.[16] Taxation - Tax payable increased by 33.70% to ¥9,508,701.42 from ¥7,111,862.89, due to higher income tax provisions[15] Comprehensive Income - The comprehensive income total for Q1 2020 was CNY -2,004,142.90 million, compared to CNY -941,618.81 million in the previous year[32] - The company reported a total of CNY 4,966,842.29 million in comprehensive income for Q1 2020, compared to CNY 185,980.87 million in Q1 2019[32]