GDM(SZ:002636)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥611,113,735.97, a decrease of 11.42% compared to ¥689,887,099.97 in the same period last year[7] - Net profit attributable to shareholders was ¥34,052,958.44, representing a 31.73% increase from ¥25,851,451.91 year-on-year[7] - Basic and diluted earnings per share rose to ¥0.047, up 30.56% from ¥0.036 in the same period last year[7] - Operating profit rose by 51.76% from CNY 26,342,323.57 to CNY 39,977,382.15, driven by an increase in gross profit margin and foreign exchange gains[16] - The company reported a net profit of approximately CNY 1.68 billion as of March 31, 2020, compared to CNY 1.65 billion at the end of 2019, indicating a growth of 1.3%[36] - The company reported a total comprehensive income of CNY 36,713,347.86 for Q1 2020, up from CNY 24,643,106.66 in the same period last year[47] - The net profit for the first quarter of 2020 was CNY 106,142,608.46, a significant increase from CNY 6,841,716.43 in the same period last year, representing a growth of approximately 1,455%[50] - Total operating revenue for Q1 2020 was CNY 611,113,735.97, a decrease of 11.4% compared to CNY 689,887,099.97 in the previous year[41] Cash Flow - The net cash flow from operating activities surged to ¥137,942,267.08, a significant increase of 2,545.25% compared to ¥5,214,713.78 in the previous year[7] - Cash flow from operating activities amounted to CNY 137,942,267.08, a substantial rise from CNY 5,214,713.78 in the prior year[55] - Cash inflow from operating activities totaled CNY 955,361,426.35, up from CNY 883,282,778.93 in the previous year, reflecting an increase of about 8.2%[53] - The company reported cash outflow from operating activities of CNY 817,419,159.27, compared to CNY 878,068,065.15 in the same period last year, showing a decrease of approximately 6.9%[55] - The net cash flow from investing activities improved by 54.97% from CNY -230,992,012.31 to CNY -104,009,481.43, reflecting a year-on-year decrease in investment activities[16] - The net cash flow from investment activities was 37,782,824.63 CNY, compared to a negative cash flow of -85,963,868.92 CNY in the previous year[60] - The total cash inflow from investment activities was 481,731,733.82 CNY, while the cash outflow was 443,948,909.19 CNY, resulting in a net inflow of 37,782,824.63 CNY[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,691,345,728.41, a decrease of 1.27% from ¥4,751,721,008.87 at the end of the previous year[7] - The company reported a decrease in employee compensation payable by 37.66% from CNY 22,133,153.27 to CNY 13,798,045.44 due to payments made during the period[16] - Total liabilities decreased to approximately CNY 1.92 billion, down from CNY 2.02 billion, a reduction of 4.7%[34] - The company's total equity increased to approximately CNY 2.77 billion, up from CNY 2.73 billion, reflecting a growth of 1.6%[36] - The company's total liabilities amounted to CNY 143,159,483.39, significantly lower than CNY 243,818,015.65 in the previous year[41] Shareholder Information - The top shareholder, Shanghai Donglin Investment Development Co., Ltd., holds 39.83% of the shares, totaling 289,926,000 shares[11] - The company did not engage in any repurchase transactions during the reporting period[13] Other Financial Metrics - The company reported non-operating income of ¥9,714,724.63, after accounting for tax and minority interests[7] - The company’s income tax expense increased by 83.88% from CNY 5,124,991.73 to CNY 9,423,933.40, resulting from higher operating profits[16] - Research and development expenses for Q1 2020 were CNY 29,578,697.56, slightly down from CNY 31,041,096.73, indicating a focus on cost management[43] - Financial expenses showed a dramatic increase of 507.02% from CNY -1,711,879.04 to CNY -10,391,511.17, mainly due to increased foreign exchange gains[16] Future Plans - The company plans to expand its market presence and invest in new product development in the upcoming quarters[32] - The company plans to continue focusing on market expansion and new product development to drive future growth[45]