ZJGS(SH:600052)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -70,359,451.69, a significant decline from CNY -24,895,914.76 in the same period last year[8]. - Operating revenue dropped by 91.42% to CNY 1,421,130.06, compared to CNY 16,566,819.07 in the previous year[8]. - The company reported a total non-operating loss of CNY -78,577,369.76, primarily due to fluctuations in the stock price of Zhejiang Commercial Bank[10]. - The basic and diluted earnings per share were both CNY -0.08, reflecting a decline from CNY -0.03 in the previous year[8]. - The net profit for Q1 2020 was a loss of CNY 95,685,382.59, compared to a loss of CNY 24,949,330.44 in Q1 2019, reflecting a worsening of approximately 284.5%[30]. - The company reported a net loss of ¥70,359,451.69 for Q1 2020, compared to a net loss of ¥24,895,914.76 in Q1 2019, indicating a significant increase in losses[31]. - The company's operating profit for Q1 2020 was a loss of ¥95,904,050.43, compared to a loss of ¥6,389,314.03 in the same period last year[33]. - The total comprehensive loss for Q1 2020 was ¥70,285,665.79, compared to a loss of ¥6,389,314.03 in Q1 2019[34]. Cash Flow and Assets - Net cash flow from operating activities was CNY -26,832,703.57, a decrease of 104.80% compared to CNY 559,057,638.46 in the same period last year[8]. - Cash inflows from operating activities totaled ¥27,981,932.93 in Q1 2020, down from ¥857,693,520.25 in Q1 2019[36]. - The net cash flow from operating activities was -19,685,438.42 RMB, compared to a positive cash flow of 110,718.57 RMB in the same quarter of 2019[39]. - Total assets decreased by 3.36% to CNY 3,990,645,588.18 compared to the end of the previous year[8]. - Total assets as of March 31, 2020, amounted to CNY 4,348,386,100.35, a decrease from CNY 4,480,258,714.58 as of December 31, 2019, representing a decline of about 2.9%[28]. - Cash and cash equivalents as of March 31, 2020, were CNY 2,165,910,021.47, an increase from CNY 1,999,147,654.78 as of December 31, 2019, representing a growth of approximately 8.3%[26]. - The company’s total cash and cash equivalents increased by 11,510,438.52 RMB during the quarter[38]. Shareholder Information - The number of shareholders reached 61,001, indicating a stable shareholder base[12]. - The largest shareholder, Guangsha Holding Group Co., Ltd., holds 37.43% of the shares, with 326,300,000 shares pledged[12]. Liabilities and Equity - Total liabilities as of March 31, 2020, were CNY 913,935,199.62, down from CNY 962,335,822.22 at the end of 2019, indicating a reduction of approximately 5.0%[28]. - The total equity attributable to shareholders as of March 31, 2020, was CNY 3,434,450,900.73, compared to CNY 3,517,922,892.36 at the end of 2019, reflecting a decrease of about 2.4%[28]. - Owner's equity totaled ¥3,605,470,461.85, including paid-in capital of ¥871,789,092.00 and retained earnings of ¥2,196,822,524.93[43]. Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company aims to continue promoting the release of key projects, including "The Beginning of Love" and "The South Smoke Studio Record" despite production delays due to the pandemic[17]. - The company implemented new revenue recognition standards starting January 1, 2020, affecting the financial statement adjustments[44]. Investment and Financing Activities - Investment income surged by 2440.44% to ¥10,089,182.65, attributed to changes in the net profit of joint ventures[14]. - The company plans to repurchase shares between ¥100 million and ¥200 million at a price not exceeding ¥6.6 per share[15]. - The company reported a financial expense of -¥5,393,041.65, reflecting reduced bank borrowings and increased interest income[14]. - The total cash inflow from financing activities was 250,754,145.55 RMB, primarily from borrowing[40].