天娱数科(002354) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was ¥216,102,902.03, a decrease of 47.13% compared to ¥408,746,710.75 in the same period last year[9] - Net profit attributable to shareholders was -¥70,964,434.12, representing a decline of 59.30% from -¥44,548,624.20 year-on-year[9] - Basic and diluted earnings per share were both -¥0.0761, down 59.21% from -¥0.0478 in the same quarter last year[9] - Operating revenue decreased by 47.13% year-on-year, primarily due to a reduction in the scope of consolidation[25] - The net profit for the current period was -60.87 million, compared to -5.39 million in the previous period, indicating a significant increase in losses[63] - The total comprehensive income for the current period was -47.47 million, compared to -25.58 million in the previous period, showing a worsening of approximately 85.6%[67] - The operating profit (loss) for the current period was -58.08 million, compared to a profit of 1.64 million in the previous period, indicating a significant decline in operational performance[63] Cash Flow - Net cash flow from operating activities was -¥16,032,861.68, a significant drop of 117.18% compared to ¥93,310,418.20 in the previous year[9] - Cash inflows from operating activities totaled 206,310,969.38 CNY, down from 514,864,023.64 CNY in the previous period, reflecting a decrease of approximately 60%[75] - Cash outflows from operating activities amounted to 222,343,831.06 CNY, compared to 421,553,605.44 CNY in the previous period, showing a reduction of about 47%[78] - The net cash flow from investing activities was -755,961.05 CNY, compared to 47,796,350.34 CNY in the previous period, indicating a downturn[78] - The net cash flow from financing activities was -489,579.60 CNY, a decrease from -177,477,633.29 CNY in the previous period[81] - The cash and cash equivalents at the end of the period were 374,404,161.18 CNY, down from 725,255,508.45 CNY in the previous period, reflecting a decrease of approximately 48%[81] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,377,588,971.24, an increase of 0.31% from ¥6,357,564,348.89 at the end of the previous year[9] - The total liabilities amounted to CNY 5,579,727,786.37, compared to CNY 5,512,235,292.04 in the previous period, indicating an increase in liabilities[48] - Current liabilities totaled CNY 3,949,932,089.02, up from CNY 3,904,449,683.27[48] - Non-current liabilities increased to CNY 1,629,795,697.35 from CNY 1,607,785,608.77[48] - The company’s total equity decreased to CNY 797,861,184.87 from CNY 845,329,056.85, reflecting a decline in shareholder value[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,380[14] - The largest shareholder, Zhu Ye, holds 14.01% of the shares, totaling 130,603,964 shares[14] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[19] Research and Development - Research and development expenses decreased by 48.94% year-on-year, attributed to a decrease in both the scope of consolidation and R&D investment[25] - The company's research and development expenses were 16.58 million, down from 32.46 million, reflecting a decrease of approximately 48.9%[60] Investment and Income - The company reported non-operating income of ¥1,506,149.39, which includes government subsidies and other income[9] - Investment income increased by 85.76% year-on-year, mainly due to the recognition of investment income from joint ventures[25] - The investment income from joint ventures and associates was 13.86 million, up from 7.46 million, representing an increase of approximately 85.5%[60] Tax and Financial Expenses - The tax expenses for the current period were 4.77 million, down from 17.43 million, indicating a decrease of about 72.6%[63] - The company experienced a net loss from credit impairment of -5.19 million, compared to -4.31 million in the previous period, reflecting a worsening of approximately 20.4%[60] - The company reported a significant increase in financial expenses, totaling 80.63 million, compared to 78.45 million in the previous period, an increase of about 2.4%[60] Accounting Policies - The new revenue recognition standard will be implemented starting January 1, 2018, for certain companies, affecting accounting policies[98] - The company has made adjustments to its accounting policies in accordance with the new standards[98]