Addsino (SZ:000547)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥767,875,868.31, representing a 1.81% increase compared to ¥754,207,575.42 in the same period last year[9]. - Net profit attributable to shareholders was ¥123,125,818.97, up 19.29% from ¥103,212,465.38 year-on-year[9]. - The net profit after deducting non-recurring gains and losses increased by 54.56% to ¥123,543,433.03 from ¥79,932,956.69 in the previous year[9]. - Basic and diluted earnings per share increased by 33.33% to ¥0.08 from ¥0.06 year-on-year[9]. - Operating profit for the current period was ¥159,552,023.60, up from ¥133,225,591.73, representing a growth of about 19.7%[56]. - The company reported a net profit margin improvement, with net profit margin increasing to approximately 18.0% from 15.0% in the previous period[60]. Cash Flow - The net cash flow from operating activities improved by 24.17 percentage points, reaching -¥256,391,696.44 compared to -¥338,094,095.38 in the same period last year[9]. - Cash received from sales of goods and services increased by 43.66% to ¥566,649,342.13, attributed to higher sales collections during the period[22]. - The cash flow from operating activities shows a net outflow of -256,391.70 million, compared to -338,094.10 million in the previous period, indicating an improvement in cash flow management[67]. - The cash inflow from operating activities totaled 597,279.72 million, compared to 441,846.51 million in the previous period, reflecting a positive trend in revenue collection[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,996,267,167.92, a 1.25% increase from ¥10,860,990,353.25 at the end of the previous year[9]. - Total liabilities amounted to ¥2,770,609,196.60, up from ¥2,671,699,273.04, showing a growth of around 3.7%[44]. - The total current assets decreased to ¥1,338,887,396.83 from ¥1,377,438,724.14, reflecting a decline of approximately 2.8%[48]. - The total liabilities decreased to ¥512,508,463.92 from ¥528,398,255.63, a reduction of about 3.0%[53]. - The total assets decreased from 11,016,481,224.63 CNY to 10,860,990,353.25 CNY, reflecting a reduction of 155,490,871.38 CNY[82]. Shareholder Equity - The net assets attributable to shareholders were ¥7,878,257,498.99, reflecting a 0.72% increase from ¥7,821,661,708.95 at the end of the previous year[9]. - Owner's equity reached ¥8,225,657,971.32, an increase from ¥8,189,291,080.21, reflecting a growth of about 0.44%[47]. - Total equity attributable to shareholders increased to CNY 7,821,661,708.95 from CNY 7,755,283,865.52, reflecting a decrease of CNY 66,377,843.43[1]. Operational Changes - The company reported a decrease in revenue from low-margin marine information equipment, while high-margin products like digital blue army and 5G communication equipment saw revenue growth compared to the previous year[9]. - The company has adopted new revenue and leasing standards starting from 2020, which may affect future financial reporting[90]. - The company reported a loss of ¥10,906,800.00 from fair value changes in securities investments, a decrease of 142.69% compared to the previous period[28]. Other Financial Metrics - Research and development expenses were reduced to ¥47,534,937.73 from ¥55,850,001.43, a decrease of about 15.0%[56]. - The company incurred management expenses of 11,206.40 million, an increase from 10,506.76 million in the previous period, indicating rising operational costs[63]. - The company reported an investment loss of -7,590.90 million, an improvement from -9,450.89 million in the previous period, indicating better performance in investments[63].