AGSW(SH:600199)2020-04-28 16:00Financial Performance - Operating revenue for the period was CNY 193,571,366.34, representing a decline of 32.94% year-on-year[18]. - Net profit attributable to shareholders was a loss of CNY 26,209,954.17, a decrease of 391.83% compared to the previous year[18]. - The company reported a significant increase in losses from non-recurring items, with a net loss of CNY 33,330,468.75, a decrease of 605.67% year-on-year[18]. - Basic earnings per share were -CNY 0.0398, a decrease of 345.68% year-on-year[20]. - The net profit for Q1 2020 was a loss of ¥25,880,209, compared to a profit of ¥9,351,384 in Q1 2019, indicating a significant decline in profitability[51]. - The total comprehensive income for Q1 2020 was -¥25,880,209, compared to ¥9,351,384 in Q1 2019, showing a substantial drop in overall financial performance[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,592,019,782.69, a decrease of 1.42% compared to the end of the previous year[18]. - The company’s total assets decreased to $3,592,019,782.69 from $3,643,891,060.02[34]. - Total liabilities as of March 31, 2020, were ¥1,273,678,284.85, slightly up from ¥1,273,288,069.25 at the end of 2019[42]. - Total liabilities reached ¥811,084,683.26, with non-current liabilities accounting for ¥209,786,627.56[70]. - Total equity reached approximately $2.21 billion, with paid-in capital at $657.80 million and capital reserves at $1.17 billion[76]. Cash Flow - The net cash flow from operating activities was a negative CNY 92,172,630.00, an improvement from a negative CNY 168,317,140.86 in the same period last year[18]. - Cash flow from operating activities showed a significant decline, netting -$92,172,630.00 compared to -$168,317,140.86 in the previous year[28]. - The cash flow from operating activities for Q1 2020 was -¥92,172,630, an improvement from -¥168,317,140.86 in Q1 2019, indicating a reduced cash outflow[58]. - Cash inflow from operating activities totaled 118,168,957.41 RMB in Q1 2020, down from 223,757,003.53 RMB in Q1 2019, reflecting a decrease of approximately 47%[63]. - The net cash flow from investing activities was -6,059,423.35 RMB in Q1 2020, compared to 26,508,343.33 RMB in Q1 2019, indicating a significant decline[63]. Shareholder Information - The total number of shareholders at the end of the reporting period was 72,105[22]. - The largest shareholder, Anhui Jinzhongzi Group Co., Ltd., held 27.10% of the shares[22]. Expenses - Operating costs fell by 20.15% to $125,459,447.60 from $157,119,797.11[26]. - Research and development expenses dropped significantly by 81.56% to $1,190,218.93 from $6,454,982.08[26]. - The company reported a financial expense of -¥10,299,050.66 for Q1 2020, compared to -¥7,533,247.03 in Q1 2019, suggesting increased financial costs[46]. - The company's sales expenses for Q1 2020 were ¥5,250,007, a slight increase from ¥5,057,740 in Q1 2019, indicating stable sales-related costs despite overall revenue decline[50]. Other Financial Metrics - The weighted average return on net assets was -0.93%, down 1.31 percentage points from the previous year[18]. - The company reported a deferred income tax asset of ¥5,507,548.66, indicating potential future tax benefits[68]. - The company has ongoing construction projects valued at ¥150,382,566.99, indicating future growth potential[68]. - The company holds investment properties valued at ¥105,762,712.26, contributing to its asset diversification[74].