KCT(SZ:002625)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥88,608,393.33, representing a 9.41% increase compared to ¥80,990,452.72 in the same period last year[2]. - Net profit attributable to shareholders was ¥24,407,711.04, a significant increase of 184.50% from ¥8,579,132.96 year-on-year[2]. - The net profit after deducting non-recurring gains and losses reached ¥13,551,108.43, up 336.09% from ¥3,107,387.93 in the previous year[2]. - The metamaterials business achieved a revenue of ¥54,130,961.27, marking a year-on-year growth of over 400%[10]. - The total revenue for the first quarter was 68,380,281.02 CNY, a decrease from 96,188,599.55 CNY in the previous period, representing a decline of approximately 29%[32]. - The net profit for the first quarter was 24,240,945.25 CNY, compared to 7,511,523.39 CNY in the same period last year, indicating a significant increase[28]. - The operating profit for the first quarter was 29,319,212.67 CNY, up from 10,489,080.46 CNY in the previous year, reflecting a growth of approximately 179%[27]. - The total profit for the first quarter was 28,178,537.97 CNY, compared to 10,410,249.68 CNY in the previous year, representing an increase of approximately 171%[27]. Cash Flow - The company's cash flow from operating activities was negative at -¥9,742,177.86, worsening by 64.47% compared to -¥5,923,419.01 last year[2]. - The net cash flow from operating activities was -¥9,742,177.86, a decrease of 64.47%, mainly due to reduced cash receipts from sales[11]. - The cash inflow from operating activities totaled 100,272,700.80 CNY, down from 123,622,831.36 CNY in the previous period, indicating a decrease of about 19%[32]. - The total cash outflow from operating activities was 110,014,878.66 CNY, down from 129,546,250.37 CNY year-over-year[33]. - The net cash flow from investing activities was -11,847,828.09 CNY, significantly lower than the previous period's 2,949,538,586.98 CNY, reflecting reduced investment returns[33]. - The net cash flow from financing activities was 48,290,542.03 CNY, a decrease of 15.68%, reflecting a reduction in financing scale compared to the previous period[11]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,115,773,351.26, reflecting a 0.78% increase from ¥8,052,789,616.37 at the end of the previous year[2]. - The total liabilities increased to ¥382,644,213.40 from ¥343,901,423.76, indicating a rise in the company's financial obligations[20]. - Total assets as of March 31, 2020, amounted to CNY 7,697,610,709.37, compared to CNY 7,644,909,453.77 at the end of 2019[24]. - Total liabilities as of March 31, 2020, were CNY 133,184,899.46, an increase from CNY 83,385,541.54 in the previous period[24]. - The company's total equity attributable to shareholders was CNY 7,564,425,809.91 as of March 31, 2020, slightly up from CNY 7,561,523,912.23[24]. Expenses - Total operating costs for Q1 2020 were CNY 70,498,076.12, down from CNY 78,688,464.12 in the previous period[26]. - Management expenses decreased by 40.19% to ¥14,397,958.80, primarily due to a reduction in employee compensation compared to the same period last year[10]. - The company reported a decrease in R&D expenses to CNY 12,598,014.50 from CNY 17,300,977.04 in the previous period[26]. - The operating expenses for the first quarter included sales expenses of 1,570,950.96 CNY and management expenses of 2,746,891.29 CNY, with management expenses decreasing from 3,571,193.88 CNY in the previous year[29]. - The financial expenses for the first quarter were -8,293,856.60 CNY, a decrease from -10,960,700.54 CNY in the previous year, indicating improved financial management[29]. Other Financial Information - The company received government subsidies amounting to ¥3,937,442.51 during the reporting period[3]. - The company reported no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[15]. - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[38].