ZJJH(SH:600160)2020-04-27 16:00Financial Performance - Operating revenue decreased by 11.58% to CNY 3,333,360,014.12 year-on-year[4] - Net profit attributable to shareholders decreased by 96.78% to CNY 11,904,095.00 compared to the same period last year[4] - Basic earnings per share decreased by 97.04% to CNY 0.004 from CNY 0.135 in the same period last year[4] - The weighted average return on equity decreased by 2.81 percentage points to 0.09%[4] - The company reported a significant decrease in net profit excluding non-recurring items, down 119.99% to -CNY 43,718,079.89[4] - Total revenue for Q1 2020 was ¥3,333,360,014.12, a decrease of 11.6% compared to ¥3,770,025,028.78 in Q1 2019[20] - The total profit for Q1 2020 was CNY 11,992,790.31, down from CNY 457,520,974.83 in Q1 2019, indicating a decrease of approximately 97.4%[22] - The company's operating revenue for Q1 2020 was CNY 967,855,524.43, a decrease of approximately 17.9% compared to CNY 1,179,305,117.66 in Q1 2019[25] Cash Flow - Net cash flow from operating activities decreased by 114.96% to -CNY 82,128,033.09 compared to the previous year[4] - Cash received from operating activities decreased by 65.52% to $75,953,329.76 from $220,302,112.09, primarily due to a reduction in government subsidies received[11] - Cash inflow from operating activities totaled ¥3,611,308,735.27, a decrease of 15.5% compared to ¥4,274,729,665.58 in the previous year[28] - Net cash outflow from operating activities was ¥82,128,033.09, contrasting with a net inflow of ¥549,093,135.53 in the same quarter last year[28] - Total cash inflow from operating activities was ¥1,405,152,484.81, down from ¥1,529,028,841.89 in the previous year[30] - The net cash flow from operating activities was ¥130,178,293.64, a decrease from ¥223,820,617.43 in the same quarter last year[30] Assets and Liabilities - Total assets increased by 5.90% to CNY 16,293,347,379.52 compared to the end of the previous year[4] - Accounts receivable increased by 68.87% to $651,995,267.22 from $386,088,550.40 due to an increase in settlement methods[10] - Prepayments surged by 218.69% to $446,714,353.91 from $140,172,027.31, attributed to an increase in prepayment settlement methods[10] - Short-term borrowings rose significantly by 735.42% to $526,304,680.57 from $62,999,063.63, indicating an increase in borrowings during the period[10] - Total liabilities increased to ¥3,364,340,087.74 in Q1 2020, compared to ¥1,730,641,658.25 in Q1 2019, representing a growth of 94.5%[19] - Total liabilities were CNY 2,168,506,621.55, with current liabilities at CNY 1,836,395,035.50[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 81,032[7] - The largest shareholder, Juhua Group Co., Ltd., holds 38.65% of the shares[8] - The total equity attributable to shareholders was CNY 12,891,893,270.99[35] Research and Development - Research and development expenses decreased by 62.13% to $50,511,366.07 from $133,381,322.32, reflecting reduced investment in R&D[10] - Research and development expenses in Q1 2020 amounted to ¥50,511,366.07, down from ¥133,381,322.32 in Q1 2019, indicating a significant reduction of 62.2%[20] - Research and development expenses for Q1 2020 were CNY 8,165,586.55, down from CNY 14,179,030.60 in Q1 2019, indicating a reduction of approximately 42.3%[25] Future Outlook - The company anticipates a significant decline in cumulative net profit compared to the previous year due to weakened market demand and intensified competition caused by the COVID-19 pandemic[11] - The company plans to focus on market expansion and new product development to drive future growth[20]