Y.I.C.(SH:600119)2020-04-28 16:00Financial Performance - Operating revenue fell by 47.5% year-on-year, totaling ¥81,959,345.32[5] - Net profit attributable to shareholders decreased by 322.54%, resulting in a loss of ¥18,215,374.44[5] - Basic and diluted earnings per share both dropped to -¥0.04, a decrease of 200.00% compared to the previous year[5] - The company reported a net loss of CNY 514,458,238.78 as of March 31, 2020, compared to a loss of CNY 501,421,495.38 at the end of 2019[21] - Net loss for Q1 2020 was ¥15,337,390.64, compared to a net profit of ¥11,945,720.37 in Q1 2019[29] - Operating profit for Q1 2020 was -¥20,432,746.77, a decline from an operating profit of ¥9,615,567.83 in Q1 2019[28] - The net profit for Q1 2020 was -7,390,672.46 RMB, a significant decrease from 19,894,269.96 RMB in Q1 2019, indicating a decline of approximately 137.1% year-over-year[32] - Operating profit for Q1 2020 was -7,083,199.99 RMB, compared to 19,894,269.96 RMB in the same period last year, reflecting a decline of around 135.6%[32] Cash Flow - Cash flow from operating activities showed a significant decline of 136.32%, with a net cash outflow of ¥9,744,992.51[5] - Net cash flow from operating activities was negative at -¥9,744,992.51, a decrease of 136.32% compared to the same period last year[15] - Total cash inflow from operating activities was 131,215,570.39 RMB, down 48.5% from 254,945,369.33 RMB in Q1 2019[35] - Cash outflow from operating activities totaled 140,960,562.90 RMB, a decrease of 38.4% compared to 228,115,289.02 RMB in Q1 2019[35] - Cash flow from investing activities showed a net outflow of -82,029.57 RMB, contrasting with a net inflow of 22,853,929.11 RMB in Q1 2019[36] - Cash flow from financing activities resulted in a net outflow of -54,728,003.21 RMB, compared to -35,904,801.64 RMB in the previous year, indicating a worsening situation[36] Assets and Liabilities - Total assets decreased by 7.10% from the end of the previous year, amounting to ¥1,240,410,711.52[5] - Current assets totaled CNY 734,588,296.39 as of March 31, 2020, down from CNY 824,821,735.43 at the end of 2019, a decrease of about 10.9%[20] - Total liabilities decreased from CNY 948,717,142.83 to CNY 869,207,221.79, a decline of approximately 8.4%[21] - Total liabilities reached $737.64 million, including current liabilities of $641.54 million and non-current liabilities of $96.11 million[47] - Total current assets reached ¥824,821,735.43, with cash and cash equivalents contributing ¥310,259,996.58 and accounts receivable at ¥373,647,624.65[41] Shareholder Information - The total number of shareholders reached 26,834 by the end of the reporting period[11] - The largest shareholder, Changjiang Economic United Development Group, holds 35.64% of the shares[11] Government Subsidies and Other Income - The company received government subsidies totaling ¥5,977,983.07 during the reporting period[8] - The company received increased government subsidies, contributing to a 66.40% rise in other income to ¥562,983.07[15] Research and Development - Research and development expenses decreased by 32.48% to ¥1,141,016.08, primarily due to delays in resuming work caused by the pandemic[15] - Research and development expenses for Q1 2020 were ¥1,141,016.08, a decrease from ¥1,689,779.70 in Q1 2019[28] Equity and Retained Earnings - Total equity decreased from CNY 386,540,880.37 to CNY 371,203,489.73, a decline of approximately 4.0%[21] - Owner's equity stood at $205.97 million, with a negative retained earnings of $371.37 million[47] - The company reported a net loss of ¥501,421,495.38 in retained earnings, indicating a significant financial challenge[43]