博信股份(600083) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue dropped by 99.74% to CNY 323,863.78 year-on-year[7] - Net profit attributable to shareholders was CNY -4,438,911.30, a decline of 113.81% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY -0.0193, a decrease of 113.81% year-on-year[7] - The company's operating revenue for Q1 2020 was RMB 323,863.78, a decrease of 99.74% compared to RMB 124,175,495.17 in the same period last year, primarily due to reduced business from subsidiaries BoXin ZhiTong and BoXin ZhiLian[13] - The net loss attributable to shareholders for Q1 2020 was CNY -5,174,196.77, compared to CNY -735,285.47 in Q4 2019[32] - The company reported a net profit of -4,438,911.30 CNY for Q1 2020, compared to a net profit of 32,146,457.88 CNY in Q1 2019, indicating a significant decline[35] - The total comprehensive income for Q1 2020 was -4,438,911.30 CNY, compared to 32,146,457.88 CNY in Q1 2019[36] Cash Flow and Liquidity - Cash flow from operating activities decreased by 91.44% to CNY 1,471,857.83[7] - The company's cash and cash equivalents were CNY 56,073.29 as of March 31, 2020, down from CNY 1,021,452.95 at the end of 2019[31] - Cash and cash equivalents at the end of the period totaled 4,759,013.18 RMB, down from 19,230,879.24 RMB in the previous year[42] - Operating activities generated a net cash flow of -965,379.66 RMB, a significant decline from 17,937,869.55 RMB in the same quarter last year[43] - The cash flow from operating activities was significantly impacted by a decrease in cash received from operating activities, which fell to 1,040,535.01 RMB from 128,158,648.08 RMB year-over-year[43] Assets and Liabilities - Total assets decreased by 4.80% to CNY 112,855,291.06 compared to the end of the previous year[7] - The company's total liabilities decreased significantly, with accounts payable dropping by 90.98% to RMB 167,757.89 from RMB 1,859,664.29, primarily due to payments made during the period[14] - Total assets as of March 31, 2020, were CNY 87,021,539.82, a decrease from CNY 88,547,630.33 at the end of 2019[32] - The total liabilities amounted to 119,282,023.98 RMB, reflecting the company's financial obligations[48] - The total equity attributable to shareholders was CNY -5,174,196.77 as of March 31, 2020, compared to CNY -735,285.47 at the end of 2019[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,458[12] - The largest shareholder, Suzhou Shengjun Marketing Management Co., Ltd., held 28.39% of the shares[12] Management and Strategy - The company plans to stabilize revenue and turn losses into profits in 2020 by implementing a sales-driven production strategy based on market demand[23] - The company aims to enhance internal management and reduce operational costs by improving financial, human resources, and quality management levels[24] - The company will strengthen internal controls and enhance supplier and customer management to ensure operational stability[23] - The board acknowledges the significant uncertainties regarding the company's ability to continue as a going concern due to operational disruptions and management changes[22] Research and Development - The company reported a significant decrease in research and development expenses, which were RMB 0 for Q1 2020, down 100% from RMB 1,646,837.90 in the previous year, due to no R&D activities during the period[13] - Research and development expenses were CNY 1,646,837.90 in Q1 2019, indicating a focus on innovation despite the overall decline in revenue[34] Other Financial Metrics - The weighted average return on net assets increased by 35.21 percentage points to 150.23%[7] - The company incurred management expenses of CNY 3,032,392.95 in Q1 2020, down from CNY 5,703,478.08 in Q1 2019[34] - The company recorded other income of 12,956.50 CNY in Q1 2020, down from 39,084,199.63 CNY in Q1 2019[41] - Investment income for Q1 2020 was reported as 0 CNY, compared to 44,657,000.00 CNY in Q1 2019, indicating a loss in investment performance[38]