SUNYES(SZ:002388)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥419,101,149.79, representing a 75.28% increase compared to ¥239,098,366.78 in the same period last year[8]. - Net profit attributable to shareholders was ¥9,455,835.09, up 14.61% from ¥8,250,568.85 year-on-year[8]. - The company reported a basic earnings per share of ¥0.0188, which is a 14.63% increase from ¥0.0164 in the same period last year[8]. - The total operating revenue for Q1 2020 was CNY 48,510,339.33, compared to CNY 60,087,407.58 in the previous period, indicating a decrease of approximately 19.4%[39]. - The net profit for Q1 2020 was CNY 5,728,885.54, down from CNY 8,413,044.93 in the same period last year, representing a decline of about 32.0%[37]. - The operating profit for Q1 2020 was CNY 9,155,279.18, slightly lower than CNY 9,710,067.86 in the previous year, showing a decrease of approximately 5.7%[37]. - The total comprehensive income for Q1 2020 was CNY 5,728,885.54, down from CNY 8,413,044.93 in the same period last year, a decrease of approximately 32.0%[38]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥139,816,242.24, a significant decline of 644.62% compared to -¥18,776,959.19 in the previous year[8]. - The company's cash and cash equivalents increased by 18.44% to ¥601,548,222.57 compared to the previous year, primarily due to significant growth in the electronic processing business[15]. - The cash inflow from operating activities was CNY 569,113,123.15, compared to CNY 507,932,533.39 in the previous period, representing an increase of about 12.0%[43]. - The company reported a total operating cash inflow of 168,409,623.50 CNY, down from 256,785,399.05 CNY in the previous period, highlighting a decline in revenue generation[47]. - Cash and cash equivalents at the end of the period totaled 401,587,182.23 CNY, compared to 467,902,993.18 CNY at the end of the previous period, indicating a decrease in liquidity[45]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,513,995,803.38, an increase of 16.48% from ¥2,158,328,301.22 at the end of the previous year[8]. - Current assets totaled CNY 1,488,429,462.56 as of March 31, 2020, up from CNY 1,310,896,213.72 at the end of 2019, reflecting a growth of approximately 13.5%[30]. - Total liabilities increased to CNY 1,204,712,678.94 from CNY 854,774,062.31, representing a rise of about 40.8%[29]. - The company's total assets reached CNY 2,513,995,803.38, up from CNY 2,158,328,301.22, which is an increase of about 16.4%[30]. - The accounts payable rose to CNY 272,876,643.44 from CNY 178,831,433.24, which is an increase of approximately 52.6%[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,988[11]. - The largest shareholder, Shenzhen Xindida Electronics Group Co., Ltd., held 43.05% of the shares, amounting to 216,861,873 shares[11]. - The company's equity attributable to shareholders was CNY 1,197,278,606.95, compared to CNY 1,187,822,771.86, showing a modest increase of approximately 0.4%[30]. Operational Insights - The company received government subsidies amounting to ¥684,902.72 during the reporting period[9]. - There were no significant changes in the company's non-recurring gains and losses, with a total of ¥555,297.97 reported[9]. - The company did not report any significant new strategies or product developments during the reporting period[17]. - The company implemented new revenue and lease standards starting in 2020, with retrospective adjustments not applicable[54]. Expenses - The company's financial expenses decreased by 71.30% to ¥4,293,991.50, as a result of reduced financial costs from leasing in the previous year[16]. - Research and development expenses for Q1 2020 were CNY 2,118,620.37, down from CNY 2,796,205.91 in the previous period, reflecting a reduction of about 24.3%[36]. - The financial expenses for Q1 2020 were CNY 1,232,534.73, significantly lower than CNY 4,293,991.50 in the previous year, indicating a decrease of approximately 71.3%[36].