AIM(SZ:300446)2020-04-26 16:00Financial Performance - Total revenue for Q1 2020 was ¥36,335,816.03, a decrease of 49.94% compared to ¥72,578,647.24 in the same period last year[8] - Net profit attributable to shareholders was ¥10,427,068.62, down 65.16% from ¥29,928,798.89 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥7,776,263.08, a decline of 73.16% compared to ¥28,975,704.89 in the previous year[8] - Basic earnings per share were ¥0.0566, down 65.17% from ¥0.1625 year-on-year[8] - The total profit decreased by 64.90% to CNY 12,359,327.51, primarily due to a decline in operating revenue and operating profit[28] - The company reported a net profit of CNY 431,983,498.33, up from CNY 421,556,429.71, indicating a growth of 2.9% in retained earnings[67] - The company reported a total profit of ¥12,359,327.51 for the current period, compared to ¥35,210,354.99 in the previous period, indicating a decrease of 64.92%[81] - The net profit for the period was 9,872,048.99, down from 29,928,777.49 in the previous period, reflecting a decline of approximately 67%[88] Cash Flow - Operating cash flow for the period was ¥14,121,506.13, an increase of 74.07% from ¥8,112,469.22 in the same period last year[8] - Cash inflows from operating activities amounted to 59,464,770.64, slightly up from 58,902,655.35 in the previous period[92] - Cash outflows from operating activities totaled 45,343,264.51, down from 50,790,186.13 in the previous period, resulting in a net cash flow from operating activities of 14,121,506.13, compared to 8,112,469.22 previously[95] - The net cash flow from investment activities was -15,536,234.16, worsening from -8,595,619.90 in the previous period[95] - The net cash flow from financing activities was -2,841,280.31, compared to a positive flow of 180,626.17 in the previous period[98] - The ending cash and cash equivalents balance was 5,336,744.00, down from 14,440,258.13 in the previous period[98] Assets and Liabilities - Total assets at the end of the period were ¥737,663,242.45, a slight decrease of 0.33% from ¥740,101,479.50 at the end of the previous year[8] - Total liabilities decreased to ¥35,651,080.89 from ¥48,516,386.56, a significant reduction of 26.5%[64] - The total equity attributable to shareholders increased to CNY 702,012,161.56 from CNY 691,585,092.94, an increase of 1.9%[67] - Total non-current assets rose to CNY 229,771,651.02 from CNY 220,550,375.82, reflecting an increase of 4.9%[61] Shareholder Information - The top shareholder, China Lucky Group Company, held 30.61% of shares, totaling 56,385,231 shares[13] - The total number of ordinary shareholders at the end of the period was 15,347[13] Research and Development - The company's research and development expenses increased by 52.82% to CNY 7,690,683.78, reflecting higher investment in R&D projects[28] - The company plans to actively expand into other application areas for magnetic stripe products to mitigate the impact of the EMV migration policy[37] - The company is developing new products such as electromagnetic wave protection films and pressure testing films, which are currently in trial production and market expansion stages[38] - The company aims to increase R&D investment and optimize new product processes to enhance product quality and control costs[39] Market Conditions - The company experienced a significant decline in sales of anti-counterfeiting materials, which dropped by 54.07% due to the impact of electronic ticket promotion and the COVID-19 pandemic[30] - The market demand for thermal magnetic ticket products is expected to decline significantly due to the promotion of electronic tickets, impacting future orders from China Railway Group[38] - The company acknowledges risks related to the potential underperformance of new product sales and increasing market competition[39] Fundraising and Investments - The total amount of raised funds is 12,335.14 million CNY, with 502.15 million CNY invested in the current quarter[46] - The project "Electronic Material R&D and Industrial Base (Phase I)" has a total investment of 9,235.14 million CNY, with 500.56 million CNY invested, representing 5.42% of the total[46] - The R&D center construction project has a total investment of 3,100 million CNY, with 3,265.79 million CNY invested, exceeding the planned investment by 105.35%[46] - The cumulative amount of changed use of raised funds is 9,235.14 million CNY, accounting for 82.80% of the total raised funds[46] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[53] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[54] - The company has not reported any issues or other situations regarding the use and disclosure of raised funds[52] - The company plans to use idle raised funds for cash management within the approved limits[52] Audit and Reporting - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[105]