Northglass(SZ:002613)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥151,601,565.04, a decrease of 26.24% compared to ¥205,541,194.23 in the same period last year[7]. - Net profit attributable to shareholders was ¥5,475,051.96, representing a significant increase of 134.80% from a loss of ¥15,730,778.39 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥822,307.20, up 104.86% from a loss of ¥16,935,514.34 in the same period last year[7]. - Basic earnings per share increased to ¥0.0058 from a loss of ¥0.0168, marking a 134.52% improvement[7]. - Total profit increased by 132.50% year-on-year, primarily due to significant growth in operating profit compared to the same period last year[15]. - Net profit increased by 130.71% year-on-year, attributed to substantial growth in operating profit compared to the previous year[15]. - The company reported a net profit of CNY 282,114,644.42, compared to CNY 276,639,592.46 in the previous period[33]. - The net profit for the first quarter was CNY 5,583,004.22, a significant recovery from a net loss of CNY 18,182,404.75 in the same period last year[40]. - The company reported a total comprehensive income of CNY 5,583,231.33, recovering from a comprehensive loss of CNY 18,182,643.52 in the prior year[41]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥7,781,793.77, a decline of 239.37% compared to ¥5,583,460.64 in the previous year[7]. - Cash received from investment recoveries increased by 45.00% year-on-year, with 203 million yuan from redeeming financial products[15]. - Cash inflow from investment activities totaled 211,233,366.53 yuan, up from 141,990,790.32 yuan year-over-year, reflecting an increase of approximately 48.5%[48]. - The net cash flow from investment activities was 490,274.70 yuan, a recovery from a negative cash flow of -153,305,302.53 yuan in the previous year[48]. - The cash inflow from operating activities was CNY 157,051,745.76, down from CNY 205,784,381.63 in the previous period[47]. - The company experienced a negative cash flow from financing activities of -1,011,637.75 yuan, compared to -1,616,453.32 yuan in the previous year, showing an improvement[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,003,206,990.32, an increase of 1.21% from ¥1,979,224,458.36 at the end of the previous year[7]. - Total liabilities reached CNY 409,390,618.37, up from CNY 390,991,317.74 in the previous period[32]. - The company's total equity was CNY 1,593,816,371.95, slightly increasing from CNY 1,588,233,140.62[33]. - Total current liabilities included accounts payable of CNY 67,913,998.12 and contract liabilities of CNY 88,924,526.29[58]. - The company's total liabilities reached CNY 390,991,317.74, with current liabilities accounting for CNY 352,433,299.87[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,081[11]. - Net assets attributable to shareholders rose to ¥1,505,736,708.80, a slight increase of 0.36% from ¥1,500,261,452.44 at the end of the previous year[7]. - The equity attributable to shareholders of the parent company was CNY 1,500,261,452.44, which includes retained earnings of CNY 276,639,592.46[56]. Operational Highlights - Operating costs decreased by 34.48% year-on-year, mainly due to a reduction in sales volume in the tempered glass industry[15]. - Other income increased by 219.30% year-on-year, with government subsidies related to daily operations amounting to 2.45 million yuan[15]. - The company received government subsidies amounting to ¥2,448,272.71 during the reporting period[8]. - Research and development expenses for the quarter were CNY 7,414,039.61, slightly decreased from CNY 7,694,839.24 year-over-year[39]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[31]. Compliance and Governance - There were no instances of non-compliance regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[23][24]. - The company did not engage in derivative investments during the reporting period[22]. - The company has not undergone an audit for the first quarter report[60].