WEDGE(SZ:000534)2020-04-09 16:00Financial Performance - Revenue for Q1 2020 was CNY 169,266,661.07, an increase of 31.67% compared to CNY 128,553,511.28 in the same period last year[10]. - Net profit attributable to shareholders was CNY 45,126,287.76, representing a 135.09% increase from CNY 19,195,591.01 year-on-year[10]. - Net profit excluding non-recurring gains and losses reached CNY 34,387,482.10, up 290.41% from CNY 8,808,068.45 in the previous year[10]. - Basic earnings per share increased to CNY 0.0918, up 135.38% from CNY 0.0390 in the same period last year[10]. - Operating profit for the current period was ¥56,447,339.61, significantly higher than ¥13,789,713.01 in the previous period, reflecting a growth of approximately 309.5%[79]. - Net profit for the current period was ¥44,936,861.05, compared to ¥6,532,654.67 in the previous period, marking an increase of around 588.5%[79]. - The total comprehensive income for the current period was ¥44,936,861.05, compared to ¥6,532,654.67 in the previous period, indicating a substantial increase of around 588.5%[89]. Cash Flow - Operating cash flow for the period was CNY 106,796,911.40, a significant improvement from a negative CNY 194,158,686.03 in the same quarter last year, marking a 155.00% increase[10]. - Net cash flow from operating activities increased by 155.00% year-on-year, due to reduced operating expenses related to real estate business[15]. - Operating cash inflow for the current period was ¥217,274,815.69, a decrease of 77.05% from ¥945,544,824.58 in the previous period[93]. - Cash inflow from investment activities was ¥90,025,359.75, while cash outflow was ¥120,168,006.84, resulting in a net cash flow of -¥30,142,647.09[96]. - Net cash flow from financing activities decreased by 60.00% year-on-year, due to a reduction in long-term borrowings[31]. - The net increase in cash and cash equivalents was ¥178,023,863.98, compared to a decrease of ¥29,106,026.38 in the previous period[96]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,206,933,443.46, a 7.02% increase from CNY 2,062,082,761.02 at the end of the previous year[10]. - Total liabilities increased to CNY 1,214,282,904.48 from CNY 1,114,369,083.09, marking an increase of approximately 8.9%[62]. - Current liabilities totaled CNY 709,009,572.08, up from CNY 609,003,562.95, indicating a rise of around 16.4%[59]. - Non-current liabilities remained relatively stable at CNY 505,273,332.40, compared to CNY 505,365,520.14[59]. - The company's equity attributable to shareholders increased to CNY 992,982,448.04 from CNY 947,856,160.28, a growth of about 4.8%[62]. Research and Development - R&D expenses surged by 1,308.41% year-on-year, driven by new R&D projects and increased investment[28]. - Research and development expenses increased to ¥10,304,991.46 from ¥731,677.78, showing a significant rise of about 1,306.5%[76]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 13,937,661.42 during the reporting period[10]. - Other income rose by 311.56% year-on-year, mainly due to government subsidies received by subsidiaries[28]. - Other income for the current period was ¥13,937,661.42, compared to ¥3,386,506.19 in the previous period, indicating an increase of approximately 311.5%[76]. Borrowings and Financial Management - Short-term borrowings increased by 123.80% compared to the beginning of the period, primarily due to new bank loans[23]. - The company plans to raise up to 130 million yuan through a non-public offering of A-shares[35]. - The company reported a decrease in employee compensation payable to CNY 8,928,604.48 from CNY 11,983,568.24, a reduction of approximately 25.5%[59].