创兴资源(600193) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -799,212.09, a decline of 151.53% year-on-year[6] - Operating revenue fell by 15.38% to CNY 45,716,842.56 compared to the same period last year[6] - Basic earnings per share decreased by 150.00% to CNY -0.002 per share[6] - The company’s net profit for the period is not expected to show significant changes compared to the previous year, indicating stability in earnings outlook[17] - Net loss for Q1 2020 was ¥1,774,904.83, compared to a net profit of ¥1,550,914.41 in Q1 2019[29] - Operating profit for Q1 2020 was -¥1,191,987.84, a decline from an operating profit of ¥3,345,122.24 in Q1 2019[29] - The total comprehensive income for Q1 2020 was -566,524.63 RMB, compared to -3,220,096.77 RMB in Q1 2019, marking a substantial improvement in overall financial performance[32] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -90,054,163.25, compared to CNY -54,498,669.64 in the previous year[6] - The operating cash flow for Q1 2020 was -90,054,163.25 RMB, worsening from -54,498,669.64 RMB in Q1 2019, reflecting increased cash outflows[36] - The company received other cash related to operating activities amounting to 158,818,674.98 RMB in Q1 2020, a significant increase from 1,081,416.49 RMB in Q1 2019[35] - The cash and cash equivalents at the end of Q1 2020 were 21,011,877.34 RMB, up from 12,236,127.40 RMB at the end of Q1 2019, indicating improved liquidity[36] - The cash and cash equivalents net increase for Q1 2020 was significantly lower compared to the previous period, indicating potential liquidity challenges[40] Assets and Liabilities - Total assets decreased by 11.33% to CNY 970,262,637.06 compared to the end of the previous year[6] - Total liabilities decreased to ¥708,103,114.01 from ¥830,349,139.74, reflecting a reduction in both current and non-current liabilities[22] - The total assets as of March 31, 2020, were ¥970,262,637.06, a decrease from ¥1,094,229,987.62 at the end of 2019[21] - Total liabilities as of March 31, 2020, were ¥167,179,005.07, up from ¥160,860,535.09 at the end of 2019[25] - The total assets reported are 390,266,013.92, indicating a balanced financial position with total liabilities and equity matching this figure[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,596[10] - The largest shareholder, Xiamen Baihui Investment Co., Ltd., held 14.7% of the shares, totaling 62,540,594 shares[10] Operational Costs - Total operating costs for Q1 2020 were ¥46,233,567.42, down 7.4% from ¥50,104,974.30 in Q1 2019[28] - The total operating expenses in Q1 2020 were 294,819,533.74 RMB, compared to 109,608,894.28 RMB in Q1 2019, indicating a significant rise in operational costs[36] Other Financial Metrics - The weighted average return on net assets dropped by 0.98 percentage points to -0.26%[6] - The company reported non-recurring gains and losses totaling CNY 250,612.46[8] - The financial expenses increased by 492.76% to ¥1,607,774.87, primarily due to the consolidation of Dongjiang Decoration into the financial statements[16] - The company incurred management expenses of 568,773.24 RMB in Q1 2020, significantly lower than 3,216,321.60 RMB in Q1 2019, showing a reduction of approximately 82.3%[31] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company expects temporary impacts on overall economic operations due to the COVID-19 pandemic and will closely monitor its effects on financial status and operational results[16]