RC(SZ:300596)2020-04-14 16:00Financial Performance - Total revenue for Q1 2020 was ¥562,866,375.94, an increase of 37.45% compared to ¥409,492,579.11 in the same period last year[8]. - Net profit attributable to shareholders was ¥63,285,692.37, representing a growth of 19.06% from ¥53,155,962.23 year-on-year[8]. - Net profit excluding non-recurring gains and losses reached ¥65,287,967.99, up 49.40% from ¥43,700,860.22 in the previous year[8]. - Basic earnings per share (EPS) was ¥0.3087, reflecting a 4.54% increase from ¥0.2953 in the previous year[8]. - The company reported a comprehensive income total of CNY 62,867,188.68 for Q1 2020, up from CNY 52,943,448.25 in the same period last year, an increase of 18.5%[58]. - The net profit for Q1 2020 reached CNY 61,259,954.48, compared to CNY 54,024,888.65 in Q1 2019, representing an increase of 13.3%[55]. - The total equity of the company as of Q1 2020 was CNY 1,577,711,427.90, slightly up from CNY 1,567,609,181.59, indicating a growth of 0.9%[51]. Cash Flow and Liquidity - Operating cash flow improved significantly to ¥12,341,394.12, a 165.90% increase from a negative cash flow of ¥18,727,896.77 in the same period last year[8]. - Cash inflow from operating activities totaled CNY 417,998,824.21, up 32.17% year-on-year, primarily due to increased operating revenue[18]. - The company's cash and cash equivalents increased by 42.90% to CNY 420,233,694.27, mainly due to increased borrowings[18]. - The cash and cash equivalents at the end of the period totaled 364,945,559.29, up from 272,673,955.88, indicating a growth of approximately 33.8%[69]. - Cash flow from financing activities netted 169,895,248.96, a significant increase from 52,051,348.15 in the previous period[69]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,393,262,466.46, a 7.72% increase from ¥3,150,143,864.34 at the end of the previous year[8]. - The company's total liabilities amounted to CNY 1,389,830,466.09, compared to CNY 1,212,128,775.34, which is an increase of around 14.65%[45]. - The company's current assets totaled CNY 1,542,104,898.97, up from CNY 1,376,106,804.69, indicating an increase of about 12.06%[40]. - The company's total current liabilities were 974,561,502.92 CNY[75]. - The company's total liabilities increased to CNY 891,326,740.14 from CNY 741,054,302.89, marking a rise of 20.3%[51]. Research and Development - Research and development expenses rose to CNY 24,892,040.98, marking a 62.30% increase, driven by higher R&D investments[18]. - Research and development expenses for Q1 2020 were CNY 24,892,040.98, an increase of 62.5% from CNY 15,336,719.26 in the previous year[53]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,178[11]. - Major shareholder Tianjin Lianlong Technology Group Co., Ltd. held 15.83% of shares, with 32,461,290 shares pledged[11]. - Net assets attributable to shareholders amounted to ¥1,977,239,542.28, up 3.53% from ¥1,909,774,401.73 at the end of the last year[8]. Project Updates and Investments - The company has adjusted the investment scale and implementation location of the "Expansion of 11,500 tons of antioxidant production facility project" to "Phase I project of 125,000 tons of polymer material anti-aging agent" located in Zhuhai, Guangdong Province[29]. - The total amount of raised funds is 27,160.74 million, with 25,005.91 million already invested, achieving an investment progress of 92%[28]. - The "Global Marketing Network Construction Project" has been terminated, and the funds will be redirected to the "Phase I project of 125,000 tons of polymer material anti-aging agent" project[29]. - The company has pre-invested 37,637,670.39 yuan in the "6000 tons of UV absorber project (Phase II)" using self-raised funds before the raised funds were in place[29]. - The company reported a cumulative investment of 6,390.82 million in the "6000 tons of UV absorber project (Phase II)" with a completion rate of 100.08%[28]. Risk Management - The company has initiated a crisis management model to mitigate risks associated with the COVID-19 pandemic, focusing on sales promotion and cash flow management[23].