Bojay(SZ:002975)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥184,121,942.23, a decrease of 23.26% compared to ¥239,936,746.77 in the same period last year[7] - The net profit attributable to shareholders was ¥38,813,024.39, down 30.76% from ¥56,057,092.11 year-on-year[7] - Basic earnings per share decreased by 43.52% to ¥0.61 from ¥1.08 in the same period last year[7] - Net profit for Q1 2020 was CNY 40,260,049.98, down from CNY 56,479,199.78 in the same period last year[43] - The net profit for the current period is CNY 45,055,986.33, compared to CNY 48,118,195.88 in the previous period, reflecting a decline of approximately 4.3%[47] - The total comprehensive income for the current period is CNY 40,018,109.65, down from CNY 55,708,153.45 in the previous period[47] Cash Flow - The net cash flow from operating activities was ¥3,984,269.56, a significant decline of 90.44% compared to ¥41,676,622.80 in the previous year[7] - Cash flow from financing activities increased by 2,403.97% to ¥505,821,141.60, mainly from raised funds[20] - The cash flow from operating activities generated a net amount of CNY 3,984,269.56, significantly lower than CNY 41,676,622.80 in the previous period[51] - The company reported a cash inflow from financing activities of CNY 547,799,628.95, compared to CNY 13,662,324.95 in the previous period[52] - Total cash inflow from operating activities was $156.75 million, down from $217.32 million, a decrease of approximately 28%[54] - Cash flow from financing activities showed a net increase of $505.88 million, compared to a net outflow of -$3.58 million in the previous period[55] Assets and Liabilities - Total assets increased by 70.52% to ¥1,263,680,995.07 from ¥741,090,424.64 at the end of the previous year[7] - Total liabilities decreased to ¥158,871,237.45 from ¥198,757,776.67, indicating a reduction in financial obligations[35] - The company's total liabilities decreased to CNY 140,801,893.04 from CNY 182,309,825.93[39] - The total assets increased to CNY 1,185,567,592.81 from CNY 659,560,539.37 at the end of 2019[39] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents, with a 512.06% rise in monetary funds to ¥439,731,206.99 from ¥71,843,959.93[16] - Cash and cash equivalents rose to ¥439,731,206.99 from ¥71,843,959.93, indicating improved liquidity[33] - Cash and cash equivalents increased significantly to CNY 383,833,988.19 from CNY 27,890,529.39[38] - The ending balance of cash and cash equivalents reached $383.83 million, compared to $51.28 million in the prior period[55] Expenses - Management expenses increased by 57.14% to ¥17,306,374.08 primarily due to higher employee compensation[18] - The company reported a decrease in R&D expenses to CNY 19,927,964.09 from CNY 17,169,096.43[42] - The company incurred research and development expenses of CNY 13,070,605.62, slightly higher than CNY 12,644,804.39 in the previous period[46] Inventory - Inventory increased to ¥184,801,271.25 from ¥169,038,187.63, suggesting a buildup in stock levels[33] - Inventory levels rose to CNY 158,987,619.78 from CNY 145,634,842.13[38] Shareholder Equity - The net assets attributable to shareholders rose by 105.00% to ¥1,095,332,830.41 from ¥534,302,746.35 at the end of the previous year[7] - The equity attributable to shareholders of the parent company rose to CNY 1,044,765,699.77 from CNY 477,250,713.44[39] - The company’s retained earnings increased to CNY 196,118,866.19 from CNY 151,062,879.86[39] Financial Ratios - The weighted average return on equity decreased to 4.30%, down 8.85% from 13.15% in the previous year[7] - Operating cash flow net amount decreased to -$16.52 million from $29.51 million in the previous period, representing a significant decline[54] - The financial expenses for the current period showed a significant reduction, resulting in a net financial income of CNY -5,593,985.14 compared to CNY 2,535,036.81 in the previous period[46]