KCGJ(SH:600097)2020-04-17 16:00Financial Performance - Net profit attributable to shareholders was CNY -18,775,591.48, an improvement from CNY -24,705,386.06 in the same period last year[6] - Operating revenue decreased by 3.35% to CNY 370,099,351.31 compared to CNY 382,924,741.13 in the previous year[6] - The weighted average return on net assets improved by 0.46 percentage points to -1.05%[6] - Total operating revenue for Q1 2020 was ¥370,099,351.31, a decrease of 3.8% compared to ¥382,924,741.13 in Q1 2019[21] - Net profit for Q1 2020 was -¥20,208,954.89, an improvement from -¥22,063,520.19 in Q1 2019[22] - The comprehensive income total for Q1 2020 was -¥15,709,949.84, compared to -¥42,300,818.71 in Q1 2019[22] - The basic and diluted earnings per share for Q1 2020 were both -¥0.08, an improvement from -¥0.10 in Q1 2019[22] - The company reported a net operating loss of -¥17,757,834.49 for Q1 2020, compared to -¥18,888,786.10 in Q1 2019[21] - The company’s total comprehensive income for Q1 2020 was -528,200.58 RMB, which is a decline from -379,910.48 RMB in Q1 2019, reflecting a decrease of approximately 39.1%[24] Assets and Liabilities - Total assets increased by 3.06% to CNY 2,653,076,790.13 compared to the end of the previous year[6] - Total liabilities rose to CNY 854,960,119.16 from CNY 757,088,534.65, reflecting an increase of 12.9%[16] - Total assets as of March 31, 2020, amounted to CNY 2,653,076,790.13, an increase from CNY 2,574,235,278.02 as of December 31, 2019[16] - Total liabilities as of March 31, 2020, were ¥2,525,104.82, an increase from ¥2,194,104.80 as of December 31, 2019[19] - Total equity as of March 31, 2020, was ¥1,848,312,159.11, slightly down from ¥1,848,840,359.69 as of December 31, 2019[19] - Total liabilities were reported at $2,194,104.80, indicating a manageable level of short-term obligations[38] - The total liabilities and shareholders' equity combined also equaled $1,851,034,464.49, confirming the balance sheet's integrity[38] Cash Flow - Net cash flow from operating activities decreased by 7.73% to CNY 13,576,257.26 compared to CNY 14,713,311.38 in the same period last year[6] - The company reported a net cash outflow from investing activities of CNY -83,944,366.06, compared to CNY -53,024,625.93 in the previous year[14] - The company experienced a net cash outflow from investing activities of -83,944,366.06 RMB in Q1 2020, compared to -53,024,625.93 RMB in Q1 2019, reflecting a worsening of 58.5%[27] - The net cash flow from operating activities decreased to 13,576,257.26 RMB in Q1 2020 from 14,713,311.38 RMB in Q1 2019, a decline of approximately 7.7%[26] - The total cash outflow from financing activities was -14,110,534.41 RMB in Q1 2020, compared to -3,420,875.54 RMB in Q1 2019, indicating a significant increase in cash outflow[27] Shareholder Information - The number of shareholders reached 13,822, with the top ten shareholders holding a total of 34,944,360 shares, accounting for 14.50% of the total share capital[9] - The largest shareholder, Shanghai Ocean Fishery Co., Ltd., holds 42.26% of the shares[9] - The total equity attributable to shareholders decreased to CNY 1,762,740,129.63 from CNY 1,776,898,161.29, a decline of 0.8%[16] - The company has a solid equity position with a paid-in capital of $240,936,559.00, enhancing its financial flexibility[38] Inventory and Receivables - The company reported a significant increase of 41.18% in notes receivable, totaling CNY 5,831,889.91[12] - Accounts receivable increased significantly to CNY 173,682,579.84, up from CNY 117,941,921.07, marking a growth of 47.4%[14] - The company’s inventory increased to CNY 482,758,189.79 from CNY 451,172,556.34, reflecting a growth of 7%[14] - The company reported accounts receivable of 117,941,921.07 in Q1 2020, indicating stable collection performance[32] - The inventory level stood at 451,172,556.34 in Q1 2020, reflecting consistent stock management[32] Financial Adjustments and Standards - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[30] - The company has not yet adopted the new revenue and lease standards, indicating potential future adjustments in financial reporting[38] - There were no significant changes in the company's debt structure, maintaining stability in long-term financing[38] - The company did not report any adjustments related to prior periods, suggesting consistency in financial practices[38]