Financial Performance - Operating revenue for the period was CNY 456,182,820.27, representing a decline of 3.60% year-on-year[8] - Net profit attributable to shareholders was CNY 3,845,026.78, down 72.95% from CNY 14,213,303.34 in the same period last year[8] - The net cash flow from operating activities was CNY -232,873,728.70, compared to CNY -109,163,360.22 in the previous year, indicating a worsening cash flow situation[8] - Basic and diluted earnings per share were both CNY 0.00306133, a decrease of 72.95% compared to the previous year[8] - Total operating revenue for Q1 2020 was CNY 456,182,820.27, a decrease of 3.4% compared to CNY 473,228,953.68 in Q1 2019[28] - Net profit for Q1 2020 was CNY 3,154,691.91, a significant decline of 77.1% from CNY 13,767,603.20 in Q1 2019[30] - Earnings per share (EPS) for Q1 2020 was CNY 0.003, down from CNY 0.011 in Q1 2019[30] - Total comprehensive income for Q1 2020 was a loss of ¥10.06 million, compared to a loss of ¥8.87 million in Q1 2019, showing a decline of 13.41%[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,836,436,184.41, a decrease of 2.81% compared to the end of the previous year[8] - Total assets decreased from ¥3,947,428,254.44 to ¥3,836,436,184.41, a decline of approximately 2.8%[23] - Current liabilities decreased from ¥768,328,707.13 to ¥652,225,745.82, a reduction of about 15.1%[23] - Non-current liabilities increased from ¥4,302,618.67 to ¥6,393,218.67, an increase of approximately 48.5%[23] - Total equity attributable to shareholders increased from ¥3,131,664,186.74 to ¥3,135,374,812.89, a slight increase of about 0.1%[24] - Total liabilities decreased from ¥772,631,325.80 to ¥658,618,964.49, a decline of approximately 14.7%[23] - The total assets decreased to CNY 3,439,238,330.07 from CNY 3,490,618,191.24, a decline of 1.5%[28] - The company reported a total equity of ¥3,177,817,219.92 as of March 31, 2020[24] Cash Flow - The net cash flow from operating activities was negative at -¥232.87 million, worsening by 113.33% compared to -¥109.16 million in the previous year, primarily due to decreased sales collections[14] - Cash and cash equivalents decreased to ¥678.20 million from ¥1,060.64 million, a decline of 36.06% due to increased structured deposits and reduced sales collections[13] - Cash flow from operating activities showed a net outflow of ¥232.87 million in Q1 2020, compared to an outflow of ¥109.16 million in Q1 2019, reflecting a significant increase in cash burn[35] - The company's cash and cash equivalents decreased by CNY 241,010,655.17 during the first quarter, resulting in a negative cash balance of CNY -90,782,443.51 at the end of the period[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 158,859[12] - The largest shareholder, Putian Oriental Communication Group Co., Ltd., held 43.44% of the shares[12] Investment and Expenses - The company reported non-operating income of CNY 50,390,552.80, which includes government subsidies and other non-recurring gains[10] - The company reported an investment income of ¥54.85 million, a substantial increase of 659.81% from ¥7.22 million, mainly from the partial divestment of shares in a joint venture[14] - Research and development expenses rose to CNY 32,138,093.82, an increase of 3% compared to CNY 31,200,882.58 in Q1 2019[28] - The company’s development expenses decreased to ¥7.68 million from ¥20.54 million, a decline of 62.60% due to the completion of a smart self-service device project[14] - The company reported a financial expense of CNY -7,813,181.34, compared to CNY -4,179,690.63 in the previous year, indicating a higher income from interest[28] Changes in Accounting Standards - The company executed new revenue and leasing standards starting January 1, 2020, impacting the financial statements[40] - The implementation of new revenue recognition standards starting January 1, 2020, may impact financial reporting and comparability[49] - The adjustment of assets and liabilities under the new standards includes reclassifying certain items to contract assets and contract liabilities[50]
东方通信(600776) - 2020 Q1 - 季度财报