C&S(SZ:002511)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥1,670,909,073.75, an increase of 8.46% compared to ¥1,540,517,206.36 in the same period last year[11]. - Net profit attributable to shareholders for Q1 2020 was ¥183,429,517.35, representing a 48.67% increase from ¥123,378,242.24 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥186,893,864.62, up 53.52% from ¥121,740,362.25 year-on-year[11]. - Total operating revenue for the first quarter was CNY 1,670,909,073.75, an increase of 8.45% compared to CNY 1,540,517,206.36 in the same period last year[86]. - The company's net profit for the period was CNY 240,750,407.89, compared to CNY 180,966,989.79 in the previous year, indicating a growth of 33%[85]. - The total profit was CNY 222,287,847.89, compared to CNY 155,423,417.81 in the previous period, marking a growth of 42.9%[89]. - The total comprehensive income was CNY 183,429,517.35, compared to CNY 123,378,242.24 in the previous period, indicating a growth of 48.8%[92]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 34.81% to ¥330,547,734.57 from ¥507,080,484.97 in the same period last year[11]. - Cash flow from operating activities was CNY 1,693,578,242.72, slightly up from CNY 1,687,190,451.33 in the previous period[104]. - Cash flow from operating activities net amount was 330,547,734.57, a decrease of 34.8% compared to 507,080,484.97 in the previous period[107]. - The maximum repurchase price was adjusted to RMB 18.81 per share due to positive changes in the capital market and company stock price[43]. - The ending balance of cash and cash equivalents was 785,491,327.57, compared to 678,402,086.30 in the previous period[110]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,131,890,290.13, a 1.75% increase from ¥6,026,271,823.64 at the end of the previous year[11]. - Current liabilities totaled CNY 629,947,620.98, an increase from CNY 548,520,047.33, representing a rise of 14.74%[82]. - Total liabilities amount to CNY 1,949,267,364.41, with current liabilities at CNY 1,814,383,425.65[120]. - The total assets of the company stand at CNY 6,026,271,823.64[123]. - The company has a total of CNY 561,158,189.84 in total liabilities, with current liabilities at CNY 548,520,047.33[126]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,508[16]. - Guangdong Zhongshun Paper Group Co., Ltd. held 28.70% of the shares, making it the largest shareholder[16]. - The company repurchased a total of 1,895,900 shares, accounting for 0.1448% of the total share capital, with a maximum transaction price of CNY 15 per share[40]. - The company plans to repurchase shares with a total amount between RMB 20 million and RMB 40 million, with a maximum repurchase price of RMB 13.69 per share[43]. Expenses and Costs - Total operating costs amounted to CNY 1,443,987,930.50, up from CNY 1,388,153,814.29, reflecting a year-over-year increase of 4.01%[86]. - Sales expenses increased by CNY 112,154,068.53, a growth of 42.24% compared to the same period in 2019, driven by increased sales revenue and marketing investments[34]. - Management expenses increased by CNY 37,101,920.51, a growth of 65.49% compared to the same period in 2019, mainly due to increased share-based payment expenses and depreciation[34]. Other Significant Events - The company donated CNY 10.8 million in cash and provided CNY 500,000 worth of sanitary disinfectant wipes in response to the COVID-19 pandemic[37]. - The company’s subsidiary began producing and selling medical masks and obtained the necessary production qualifications in February 2020[40].