DDMC(SH:600136)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -79,642,711.35, a decrease of 241.90% year-on-year[7]. - Operating revenue decreased by 47.71% to CNY 271,374,832.96 compared to the same period last year[7]. - Basic earnings per share were CNY -0.14, a decrease of 216.67% compared to the previous year[7]. - The company reported a net loss of CNY 359,010,284.82 compared to a loss of CNY 300,101,739.49 in the previous period[25]. - Net loss for Q1 2020 was ¥81.78 million, compared to a net loss of ¥37.27 million in Q1 2019, representing a 119.5% increase in losses[28]. - Comprehensive income for Q1 2020 was -¥243.65 million, contrasting with a comprehensive income of ¥99.58 million in Q1 2019[28]. - The company's gross profit margin decreased significantly, with a gross profit of -¥80.27 million in Q1 2020 compared to ¥0 in Q1 2019[27]. Cash Flow - Net cash flow from operating activities increased by 62.35% to CNY 625,942,349.56 year-on-year[7]. - In Q1 2020, the net cash flow from operating activities was ¥625,942,349.56, a significant increase from ¥385,540,183.79 in Q1 2019, representing a growth of 62.3%[33]. - Cash received from other operating activities increased by 99.82% to approximately ¥585.67 million, mainly due to increased external receivables[14]. - Cash payments for purchasing goods and services decreased by 74.93% to approximately ¥85.21 million, due to the exclusion of a subsidiary from the consolidated financial statements[14]. - The net cash flow from investing activities was -¥291,676,999.76, compared to -¥258,943,164.95 in Q1 2019, indicating a worsening of 12.6%[34]. - Cash inflow from financing activities totaled ¥647,961,310.34, down from ¥1,078,919,070.34, a decline of 40%[34]. - The company reported a net decrease in cash and cash equivalents of ¥17,106,858.12 for Q1 2020, compared to a net decrease of ¥291,748,897.18 in Q1 2019[34]. Assets and Liabilities - Total assets increased by 1.59% to CNY 10,567,340,748.53 compared to the end of the previous year[7]. - Total liabilities increased to CNY 6,101,027,635.39 from CNY 5,814,067,634.64, marking a growth of 4.9%[20]. - Current liabilities rose to CNY 3,605,127,708.05 from CNY 3,469,652,611.96, reflecting an increase of 3.9%[20]. - Shareholders' equity decreased to CNY 4,466,313,113.14 from CNY 4,587,474,547.28, a decline of 2.6%[20]. - Cash and cash equivalents decreased to CNY 11,315,441.98 from CNY 32,499,158.95, a drop of 65.1%[23]. - Other receivables increased to CNY 3,216,280,196.70 from CNY 3,111,131,488.88, showing a growth of 3.4%[23]. - Long-term borrowings rose to CNY 1,294,145,912.38 from CNY 1,286,653,915.55, an increase of 0.5%[20]. Operational Efficiency - Operating costs decreased by 45.67% to approximately ¥206.79 million, primarily due to the impact of the pandemic[14]. - The company experienced a notable increase in credit impairment losses of ¥17.17 million in Q1 2020, with no such losses reported in Q1 2019[27]. - Operating profit for Q1 2020 was -¥72.98 million, worsening from -¥19.26 million in Q1 2019, indicating a decline in operational efficiency[27]. - The company reported a significant increase in financial expenses, with interest expenses rising to ¥99.50 million in Q1 2020 from ¥67.84 million in Q1 2019[27]. Shareholder Information - The number of shareholders reached 29,998 at the end of the reporting period[9]. - The company issued bonds totaling ¥148.50 million during the reporting period[15].