GYLS(SH:600059)2020-04-27 16:00Financial Performance - Operating revenue fell by 41.96% to CNY 365,692,155.10 year-on-year[12] - Net profit attributable to shareholders decreased by 34.11% to CNY 46,387,036.29 compared to the same period last year[12] - The company reported a basic earnings per share of CNY 0.06, down 33.33% from the previous year[12] - Total operating revenue for Q1 2020 was RMB 365,692,155.10, a decrease of 42.0% compared to RMB 630,083,551.30 in Q1 2019[41] - Net profit for Q1 2020 was RMB 45,875,389.11, representing a decline of 34.5% from RMB 69,966,466.65 in Q1 2019[41] - The company reported a net profit attributable to shareholders of RMB 46,387,036.29 in Q1 2020, compared to RMB 70,395,578.15 in Q1 2019, a decrease of 34.2%[44] - The comprehensive income total for Q1 2020 was RMB 45,653,321.22, compared to RMB 69,985,603.92 in Q1 2019, reflecting a decline of 34.7%[44] Cash Flow - Net cash flow from operating activities was negative at CNY -191,086,152.46, a decline of 1,081.57% year-on-year[12] - Cash flow from operating activities showed a net outflow of ¥191,086,152.46, compared to a net outflow of ¥16,172,275.30 in the same quarter last year[52] - The net cash flow from operating activities was -$154.38 million, a significant decline compared to -$11.81 million in the previous period, indicating increased operational challenges[58] - The total cash outflow from operating activities was $359.85 million, slightly lower than $396.61 million in the previous period, suggesting a stabilization in cash outflows[58] Assets and Liabilities - Total assets decreased by 3.40% to CNY 4,811,671,602.77 compared to the end of the previous year[12] - Current assets totaled ¥2,430,377,747.85, down from ¥2,556,927,892.51 compared to the previous year[36] - Total liabilities amounted to ¥534,998,298.25, a decrease from ¥766,291,952.51 year-over-year[32] - Total equity attributable to shareholders reached ¥4,233,187,923.56, up from ¥4,187,022,955.16[32] - The company reported a decrease in current liabilities to ¥401,236,210.04 from ¥566,545,007.08 year-over-year[37] Shareholder Information - The number of shareholders at the end of the reporting period was 40,578[18] - The largest shareholder, China Shaoxing Huangjiu Group Co., Ltd., holds 41.39% of the shares[18] Expenses - Operating costs decreased by 45.38% to 210,820,897.11 from 385,997,639.80, reflecting a corresponding reduction in costs due to lower revenue[20] - Financial expenses increased by 144.84% to -3,927,977.84 from -1,604,281.91, mainly due to increased interest on bank deposits[20] - The company incurred tax expenses of RMB 15,099,823.66 in Q1 2020, down from RMB 23,511,040.71 in Q1 2019, a decrease of 35.7%[41] - Sales expenses for Q1 2020 were RMB 59,306,059.81, a reduction of 42.3% compared to RMB 102,844,066.62 in Q1 2019[41] Investment Activities - Cash flow from investing activities improved by 38.43% to -55,299,405.35 from -89,808,467.50, mainly due to reduced fixed asset investments[20] - The company generated investment income of ¥3,991,841.78, up from ¥984,243.57, indicating a substantial increase of approximately 305.5%[48] - The total cash inflow from investment activities was ¥204,054,904.11, compared to ¥50,808,437.96 in the same quarter last year, reflecting a significant increase[54] - The net cash flow from investment activities was -$57.74 million, an improvement from -$97.52 million previously, reflecting better investment recovery[58] Inventory and Receivables - Accounts receivable increased by 56.12% to CNY 169,886,104.29, primarily due to increased sales receivables[19] - Inventory stood at ¥1,349,380,263.22, slightly up from ¥1,331,786,743.74[36] - Accounts receivable increased to ¥107,812,318.47 from ¥81,045,383.94 year-over-year, reflecting a growth of approximately 33%[36] Future Plans - The company plans to issue 161,704,833 A-shares to raise approximately 1,141,636,120.98, which will be fully invested in the Huangjiu Industrial Park project after deducting issuance costs[23]