LHG(SH:600186)2020-04-27 16:00Financial Performance - Operating revenue for the first quarter was CNY 295,643,738.00, a decline of 21.59% year-on-year[11] - Net profit attributable to shareholders was CNY 12,432,952.63, recovering from a loss of CNY 41,435,229.87 in the same period last year[11] - Basic earnings per share improved to CNY 0.009 from a loss of CNY -0.039 in the previous year[11] - Total operating revenue for Q1 2020 was CNY 295,643,738, a decrease of 21.6% compared to CNY 377,065,181.42 in Q1 2019[41] - Net profit for Q1 2020 was CNY 11,802,782.65, compared to a net loss of CNY 49,860,660.41 in Q1 2019[45] - The company's total revenue for Q1 2020 was approximately ¥252.22 million, a decrease of 21.4% compared to ¥320.78 million in Q1 2019[47] - The net profit for Q1 2020 was approximately ¥15.30 million, compared to a net loss of ¥16.21 million in Q1 2019, indicating a significant turnaround[51] - The total comprehensive income for Q1 2020 was approximately ¥11.80 million, a recovery from a loss of ¥49.86 million in Q1 2019[47] Cash Flow - Net cash flow from operating activities was negative at CNY -738,483,334.77, compared to CNY -69,022,384.60 in the previous year[11] - The company's cash flow from operating activities for Q1 2020 was negative at approximately -¥738.48 million, worsening from -¥69.02 million in Q1 2019[53] - Total cash inflow from operating activities was 140,574,602.65 RMB, down from 331,926,385.41 RMB in the same period last year, reflecting a decrease of approximately 57.7%[59] - The company reported a total cash flow net decrease of -964,194,763.24 RMB for the quarter, contrasting with a slight increase of 1,556,864.98 RMB in Q1 2019[59] Assets and Liabilities - Total assets decreased by 41.14% to CNY 1,266,976,695.47 compared to the end of the previous year[11] - Total liabilities for Q1 2020 were CNY 653,015,426.36, down 57.0% from CNY 1,520,181,015.49 in Q1 2019[41] - Cash and cash equivalents decreased by 73.22% to ¥324,855,028.41 from ¥1,212,960,609.73 due to payments for economic layoffs, social security, and debt repayments[22] - The ending cash and cash equivalents balance was 62,292,585.53 RMB, significantly lower than the previous year's balance of 3,822,727.72 RMB[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 60,068[21] - The largest shareholder, Wuhu Liantai Investment Management Center, holds 10.04% of shares[21] Expenses - Sales expenses decreased by 31.97% to ¥22,999,281.57 from ¥33,807,952.62 due to a decline in sales volume and enhanced cost control[23] - Management expenses decreased by 64.21% to ¥16,094,631.78 from ¥44,966,338.58 due to significant reductions in salaries and social security after judicial restructuring[23] - The company reported a decrease in sales expenses to CNY 22,999,281.57 in Q1 2020 from CNY 33,807,952.62 in Q1 2019, a decline of 32.2%[45] Receivables and Payables - Accounts receivable increased by 127.72% to ¥4,600,000.00 from ¥2,020,000.00 as a result of unendorsed transfer of receivables[22] - Other receivables decreased by 24.25% to ¥8,714,109.49 from ¥11,504,000.00 due to the recovery of other receivables[22] - Employee compensation payable decreased by 87.62% to ¥102,677,279.25 from ¥829,110,024.91 due to employee debt payments[23] - Other payables decreased by 25.97% to ¥499,881,724.60 from ¥675,227,660.93 due to payments of outstanding debts[23]