ALAE(SZ:300585)2020-04-20 16:00Financial Performance - Total revenue for Q1 2020 was ¥78,163,116.66, a decrease of 9.10% compared to ¥85,984,752.27 in the same period last year[9]. - Net profit attributable to shareholders was ¥3,495,013.82, down 32.63% from ¥5,187,824.52 year-on-year[9]. - Net profit excluding non-recurring items was ¥2,672,146.03, a decline of 24.95% compared to ¥3,560,284.82 in the previous year[9]. - Basic earnings per share decreased by 32.09% to ¥0.0218 from ¥0.0321 year-on-year[9]. - The net profit for the first quarter of 2020 was CNY 4,239,210.57, compared to a net loss of CNY 1,901,120.55 in the same period last year, indicating a significant turnaround[48]. - The company's operating profit was CNY 2,829,822.25, a recovery from a loss of CNY 117,024.93 in the same quarter last year[48]. Cash Flow and Liquidity - Net cash flow from operating activities was ¥10,599,038.66, a significant drop of 66.64% from ¥31,770,576.57 in the same period last year[9]. - The net cash flow from operating activities was CNY 10,599,038.66, a decrease of 66.7% compared to CNY 31,770,576.57 in the prior year[52]. - Cash and cash equivalents at the end of the period amounted to CNY 70,231,928.06, down from CNY 147,525,877.79 at the end of the previous year[53]. - The total cash and cash equivalents at the end of the period decreased to 41,743,794.73 CNY from 104,420,802.89 CNY, reflecting a net decrease of 10,884,495.79 CNY[56]. - The company paid CNY 19,694,246.55 to employees, a decrease from CNY 22,274,693.90 in the previous year, reflecting cost-cutting measures[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥781,802,249.04, a decrease of 0.84% from ¥788,453,691.13 at the end of the previous year[9]. - The company's total assets decreased to CNY 803,115,453.87 from CNY 809,094,247.70[40]. - The total liabilities decreased to CNY 336,268,275.91 from CNY 346,683,846.75[40]. - The total liabilities decreased to CNY 278,746,302.76 from CNY 288,865,220.04, a reduction of about 3.88%[36]. - The company's equity attributable to shareholders increased to CNY 492,385,689.23 from CNY 488,693,108.97, showing a growth of approximately 0.36%[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,093[13]. - The largest shareholder, Guangxi Ruiying Asset Management Co., Ltd., held 25.50% of the shares, totaling 40,800,000 shares[13]. Non-Recurring Items and Other Income - The company reported non-recurring gains and losses totaling ¥822,867.79 during the reporting period[10]. - Other income increased by 39.60% to ¥485,355.50, attributed to an increase in VAT refunds received[20]. - Investment income improved by 67.21%, with losses reduced to -¥319,342.72 from -¥973,858.32[20]. Project and R&D Developments - The company reported a total of 17,583.22 million RMB in committed investment projects, with a significant portion allocated to automation production lines for electronic throttle pedals and gear shifters[26]. - The expected benefits from the "annual production of 300,000 electronic throttle pedal assembly automation production line" project were not met due to market environment impacts, resulting in lower than anticipated sales and capacity utilization[26]. - The company has established a leading R&D center through upgrades and collaborations with domestic research institutions, enhancing its research capabilities[26]. - The company has successfully replaced 626.96 million RMB of self-raised funds with raised funds for various projects, including 159.90 million RMB for the electronic throttle pedal project and 139.90 million RMB for the gear shifter project[27]. Compliance and Governance - The company reported no violations regarding the use of raised funds during the reporting period[29]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30].