ZYSC(SH:600280)2020-04-29 16:00Financial Performance - Operating revenue for the period was CNY 1,165,257,925.89, a decrease of 46.47% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 53,383,497.84, compared to a profit of CNY 4,663,666.15 in the same period last year, representing a decrease of 1,244.67%[6] - Basic and diluted earnings per share were both -CNY 0.046, a decrease of 1,250% compared to CNY 0.004 in the same period last year[6] - The net profit for the reporting period was -5,474.98 million yuan, a decrease of 5,645.06 million yuan compared to the same period last year[14] - Total operating revenue for Q1 2020 was ¥1,165,257,925.89, a decrease of 46.1% compared to ¥2,176,837,261.00 in Q1 2019[25] - Net profit for Q1 2020 was a loss of ¥54,749,819.81, compared to a profit of ¥1,700,740.39 in Q1 2019, representing a significant decline[26] - The total comprehensive income for Q1 2020 was -¥54,749,819.81, compared to ¥17,176,050.75 in Q1 2019[26] Assets and Liabilities - Total assets decreased by 1.27% to CNY 15,068,436,413.21 compared to the end of the previous year[6] - The company’s total assets as of March 31, 2020, were 15,068,436,413.21 yuan, a slight decrease from 15,262,345,012.63 yuan at the end of 2019[19] - Total liabilities decreased from CNY 14,385,595,743.30 to CNY 14,245,895,123.22, a reduction of approximately 1.0%[20] - Current liabilities totaled CNY 13,330,711,902.97, slightly down from CNY 13,479,582,810.38, indicating a decrease of about 1.1%[20] - The company’s total liabilities were 9,355,699,058.62 yuan, with short-term borrowings at 6,515.59 million yuan[19] - The company’s inventory stood at 7,381.83 million yuan, compared to 7,233.47 million yuan at the end of 2019, indicating a slight increase[19] - The company reported a net loss of CNY 763,075,251.76 for the period, compared to a loss of CNY 708,360,197.02 in the previous period[20] Cash Flow - Cash flow from operating activities was a negative CNY 203,907,937.94, compared to a negative CNY 19,806,611.98 in the same period last year[6] - The company’s cash flow from operating activities was -20,390.79 million yuan, significantly impacted by reduced sales and increased prepayment[12] - In Q1 2020, the company reported cash inflows from operating activities of CNY 1,392,878,246.90, a decrease of 47.5% compared to CNY 2,654,790,731.82 in Q1 2019[30] - The net cash flow from operating activities was negative at CNY -203,907,937.94, compared to CNY -19,806,611.98 in the same period last year[30] - Cash inflows from financing activities were CNY 382,000,000.00, a significant decrease of 74% from CNY 1,469,000,000.00 in Q1 2019[30] Shareholder Information - The total number of shareholders was 59,973 at the end of the reporting period[9] - The largest shareholder, Zhu Yicai, held 41.51% of the shares, which are currently frozen[9] Cost Management - The company plans to continue focusing on cost reduction and efficiency improvements in response to the ongoing challenges posed by the pandemic[14] - Sales expenses decreased by 38.07% year-on-year, with department store sales expenses at 6,525.38 million yuan, down 30.30% due to reduced operations during the pandemic[13] Investment and Equity - Long-term equity investments increased to 85,235.75 million yuan from 70,130.99 million yuan, reflecting a rise in investment income[19] - The company's total equity increased from CNY 1,841,117,662.22 to CNY 1,849,934,465.79, showing a growth of approximately 0.5%[23] - The company has a total of CNY 1,148,334,872.00 in paid-in capital[41]