CSI(SH:600158)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -30,834,906.06, compared to CNY -1,001,840.64 in the same period last year[12]. - Operating revenue for the period was CNY 83,539,797.06, representing a decrease of 11.80% year-on-year[12]. - Basic and diluted earnings per share were both CNY -0.0365, compared to CNY -0.0012 in the same period last year[12]. - The net profit attributable to shareholders of the parent company for Q1 2020 was ¥-30,834,906.06, significantly worse than ¥-1,001,840.64 in Q1 2019[48]. - Net loss for Q1 2020 was ¥40,400,612.48, compared to a net loss of ¥9,107,165.45 in Q1 2019[48]. - The total profit for Q1 2020 was ¥-40,384,417.09, a decline from ¥-8,886,623.69 in Q1 2019[46]. Cash Flow - Net cash flow from operating activities was CNY -120,950,391.42, an increase of 256.45% compared to CNY -33,932,301.36 in the previous year[12]. - Cash received from sales of goods and services decreased by 46.59% to ¥96,107,012.92, mainly due to a reduction in cash received from real estate project sales[21]. - Cash inflow from operating activities for Q1 2020 was $178,436,398.08, down 45.2% from $324,980,271.75 in Q1 2019[59]. - Net cash outflow from operating activities for Q1 2020 was -$120,950,391.42, compared to -$33,932,301.36 in Q1 2019[59]. - Cash inflow from investment activities for Q1 2020 was $8,452,353.25, a decrease of 32.0% from $12,444,915.22 in Q1 2019[60]. - Cash flow from investing activities turned positive at ¥6,959,390.13, compared to -¥16,458,651.36 in the previous period[23]. - The company reported a significant decrease in cash flow from financing activities, down 96.32% to ¥7,412,270.74[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,908,321,921.33, a decrease of 1.94% compared to the end of the previous year[12]. - Total assets decreased from $3,985,825,794.31 to $3,908,321,921.33, a decline of approximately 2%[32]. - Non-current liabilities increased from $226,702,843.63 to $255,404,844.87, an increase of about 12%[34]. - Current liabilities decreased from $1,727,302,357.81 to $1,661,497,096.07, a reduction of approximately 4%[32]. - Total equity decreased from $2,031,820,592.87 to $1,991,419,980.39, a decline of approximately 2%[34]. - The company's total liabilities were CNY 1,954,005,201.44, with current liabilities comprising CNY 1,727,302,357.81[74]. Shareholder Information - The total number of shareholders at the end of the reporting period was 87,151[15]. - The largest shareholder, the National Sports General Administration Sports Fund Management Center, holds 186,239,981 shares, accounting for 22.07%[15]. Investment and Income - Investment income fell by 125.93% to -¥1,594,846.98, mainly due to a decrease in investment income from associated companies[21]. - The company reported a non-operating income and expenses net loss of CNY -99,761.66[12]. - Other income surged by 980.64% to ¥2,527,921.50, attributed to an increase in government subsidies related to daily operations[21]. - The company reported an investment loss of ¥-1,594,846.98 in Q1 2020, compared to a profit of ¥6,149,430.95 in Q1 2019[46]. Research and Development - Research and development expenses increased to ¥400,395.57 in Q1 2020 from ¥74,260.00 in Q1 2019, reflecting a growth of 438.5%[46]. Compliance and Standards - The company executed the new revenue recognition standard starting January 1, 2020, impacting the classification of prepayments to contract liabilities[76]. - The financial statements reflect compliance with the new accounting standards without prior period adjustments[86].