SEC(603988)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 393.56% to CNY 97,036,880.99 year-on-year[6] - The company reported a significant increase in net profit due to improved operational efficiency and cost management strategies[6] - Net profit surged by 393.56% to ¥97,036,880.99 from ¥19,660,570.91, driven by the fair value increase of equity investments and the recovery of previously impaired receivables[13] - Total profit increased by 400.24% to ¥115,707,034.32 from ¥23,130,083.42, reflecting similar factors as net profit[13] - Earnings per share for Q1 2020 was ¥0.41, compared to ¥0.08 in Q1 2019, reflecting a growth of 412.5%[29] - Operating profit for Q1 2020 was ¥115,612,520.00, compared to ¥23,041,833.95 in Q1 2019, indicating a substantial increase[28] Revenue and Costs - Operating revenue decreased by 8.47% to CNY 121,822,310.79 compared to the same period last year[6] - Total operating revenue for Q1 2020 was ¥121,822,310.79, a decrease of 8.5% from ¥133,095,711.10 in Q1 2019[28] - Total operating costs for Q1 2020 were ¥110,570,319.86, down 4.1% from ¥115,513,322.76 in Q1 2019[28] Cash Flow - Net cash flow from operating activities was negative at CNY -24,167,875.49, a decrease of 226.42% compared to the previous year[6] - Cash inflow from operating activities in Q1 2020 was ¥73,015,141.12, down from ¥91,506,611.63 in Q1 2019[34] - Net cash flow from operating activities for Q1 2020 was -24,167,875.49 RMB, a decrease from 19,117,335.23 RMB in Q1 2019[37] - Total cash outflow from operating activities was 97,183,016.61 RMB, compared to 72,389,276.40 RMB in the previous year, indicating a 34.2% increase[37] Assets and Liabilities - Total assets increased by 12.65% to CNY 1,187,225,107.91 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 37.31% to ¥128,296,379.68 from ¥204,636,498.56, primarily due to increased investments in financial products and project funding[11] - Total liabilities increased to ¥395,350,489.34 from ¥359,061,036.13, reflecting a growth of about 10.1%[21] - Non-current liabilities rose to ¥25,493,196.30 from ¥9,175,494.50, indicating a significant increase of about 177.5%[21] - Current liabilities totaled ¥369,857,293.04, compared to ¥349,885,541.63, reflecting an increase of approximately 2.8%[24] Shareholder Information - The company had a total of 12,638 shareholders at the end of the reporting period[9] - The top shareholder, Wang Jianyu, holds 22.50% of the shares, amounting to 52,920,000 shares[10] Other Financial Metrics - The weighted average return on equity increased by 10.17 percentage points to 13.05%[6] - Basic earnings per share rose by 412.50% to CNY 0.41[6] - Research and development expenses increased to ¥4,100,926.37 in Q1 2020, up 28.1% from ¥3,202,664.18 in Q1 2019[28] - The company reported a financial income of ¥1,483,964.63 in Q1 2020, compared to a financial expense of ¥1,903,839.34 in Q1 2019[28] Investments and Other Assets - Trading financial assets increased by 106.61% to ¥170,053,469.54, attributed to the fair value increase of equity investments[11] - Other current assets increased by 82.05% to ¥119,815,424.66, mainly due to an increase in financial product investments[11] - Deferred income tax liabilities rose by 255.82% to ¥20,134,656.06, resulting from the tax implications of the fair value increase of equity investments[11] - The company reported a significant increase in other income, with government subsidies rising to ¥431,403.00, marking a 100% increase[13]