KAN(002012)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥265,932,808.70, a decrease of 2.87% compared to ¥273,783,115.01 in the same period last year[7] - Net profit attributable to shareholders was ¥10,043,800.24, representing a significant increase of 734.86% from ¥1,203,047.89 in the previous year[7] - Total operating revenue for Q1 2020 was CNY 265,932,808.70, a decrease from CNY 273,783,115.01 in the previous period[38] - Net profit for Q1 2020 was CNY 18,610,587.16, compared to CNY 4,322,549.16 in the same period last year, representing a significant increase[40] - Total operating revenue for the first quarter was ¥108,332,885.08, a decrease of 17.2% compared to ¥130,863,389.81 in the previous period[43] - Net profit for the quarter was -¥1,838,628.16, an improvement from -¥2,567,270.75 in the same period last year[45] - The total comprehensive income for the quarter was -¥1,838,628.16, compared to -¥2,567,270.75 in the previous year[45] Cash Flow - The net cash flow from operating activities was -¥110,206,240.42, worsening from -¥40,110,453.61 in the same period last year[7] - Cash flow from operating activities showed a net outflow of -¥110,206,240.42, worsening from -¥40,110,453.61 in the prior year[48] - Cash flow from investing activities resulted in a net outflow of -¥7,187,526.65, compared to a net inflow of ¥13,857,767.01 last year[49] - Cash flow from financing activities generated a net inflow of ¥195,596,662.34, a significant increase from -¥3,710,222.38 in the previous period[49] - The net cash flow from operating activities was -53,841,647.63 CNY, compared to -14,703,443.01 CNY in the previous period, indicating a significant decline[51] - The net cash flow from investment activities was -5,537,813.27 CNY, a decrease from 4,266,027.80 CNY in the previous period[51] - The net cash flow from financing activities was 84,113,670.70 CNY, recovering from -8,555,322.51 CNY in the previous period[52] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,057,837,193.38, an increase of 11.74% from ¥1,841,647,111.82 at the end of the previous year[7] - Total assets increased to ¥2,057,837,193.38, up from ¥1,841,647,111.82[30] - Total liabilities rose to ¥636,004,284.91, compared to ¥438,424,790.51 in the previous period[32] - The company's total assets as of March 31, 2020, were CNY 1,481,778,740.87, up from CNY 1,394,774,513.15 at the end of 2019[36] - The total liabilities increased to CNY 332,278,462.86 from CNY 243,435,606.98, reflecting a rise of about 36.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,723[11] - The largest shareholder, Kane Group Co., Ltd., held 17.59% of the shares, amounting to 82,238,392 shares, which are currently frozen[11] Expenses - Management expenses increased by 32.92% to ¥24,679,154.84, mainly due to costs associated with newly established subsidiaries[16] - Financial expenses decreased by 37.24% to ¥2,574,465.23, attributed to reduced interest expenses and foreign exchange losses[16] - Total operating costs decreased to CNY 244,997,528.24 from CNY 274,344,487.40, with operating costs specifically down to CNY 177,302,666.50 from CNY 215,176,931.05[39] - Research and development expenses for Q1 2020 were CNY 22,369,029.72, compared to CNY 20,189,824.51 in the previous year, indicating an increase in investment in innovation[39] - Research and development expenses increased to ¥14,333,503.31, up 15.4% from ¥12,426,844.09[43] Government Support - The company received government subsidies amounting to ¥1,804,598.31 during the reporting period[8] Other Information - The company did not engage in any repurchase transactions during the reporting period[12] - There were no non-recurring gains or losses reclassified as recurring during the reporting period[9] - The company did not undergo an audit for the first quarter report[53] - The report was issued by the legal representative Liu Xi on April 24, 2020[55]