TJRD(SH:600322)2020-04-29 16:00Financial Performance - Operating revenue for the current period was CNY 676,110,754.30, representing a decline of 69.23% year-on-year [7]. - Net profit attributable to shareholders was CNY 29,713,469.64, down 81.50% from the same period last year [7]. - Basic earnings per share decreased to CNY 0.0269, a drop of 81.49% compared to CNY 0.1453 in the previous year [8]. - Net profit attributable to shareholders decreased by 81.50% year-on-year, consistent with the revenue decline [14]. - Basic and diluted earnings per share fell by 81.48% year-on-year, reflecting the same underlying issues affecting revenue and net profit [15]. - Total operating revenue for Q1 2020 was ¥676,110,754.30, a decrease of 69.1% compared to ¥2,197,599,200.73 in Q1 2019 [29]. - Net profit for Q1 2020 was ¥27,534,522.83, a decline of 83.0% from ¥162,352,518.07 in Q1 2019 [30]. - Operating profit for Q1 2020 was ¥54,852,011.74, down 76.1% from ¥227,658,463.69 in Q1 2019 [30]. Cash Flow - Net cash flow from operating activities was negative at CNY -103,438,455.41, a significant decline of 748.48% year-on-year [7]. - The company’s operating cash flow decreased significantly compared to the same period last year, primarily due to a substantial reduction in cash received from sales of goods and services [13]. - In Q1 2020, the net cash flow from operating activities was -103,438,455.41 RMB, compared to -12,190,965.49 RMB in Q1 2019, indicating a significant decline [36]. - Total cash inflow from operating activities in Q1 2020 was 783,660,474.71 RMB, down from 839,791,098.25 RMB in Q1 2019, reflecting a decrease of approximately 6.5% [35]. - Cash outflow from operating activities increased to 887,098,930.12 RMB in Q1 2020, compared to 851,982,063.74 RMB in Q1 2019, representing an increase of about 4.1% [35]. - The company reported a net cash flow from operating activities of 56,894,716.13 RMB in Q1 2020, a decrease from 406,226,987.23 RMB in Q1 2019 [38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,352,897,865.92, a decrease of 0.88% compared to the end of the previous year [7]. - Total current assets as of March 31, 2020, were RMB 23.01 billion, slightly down from RMB 23.17 billion at the end of 2019 [20]. - Total liabilities decreased from CNY 20,133,558,179.07 to CNY 19,923,720,813.64, a decline of about 1.05% [22]. - Current liabilities decreased from CNY 15,120,507,551.41 to CNY 14,984,277,993.17, a decrease of approximately 0.90% [22]. - Non-current liabilities decreased from CNY 5,013,050,627.66 to CNY 4,939,442,820.47, a reduction of about 1.42% [22]. - Total equity increased from CNY 5,443,543,084.12 to CNY 5,429,177,052.28, a slight decrease of approximately 0.26% [22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 70,302 [11]. - The largest shareholder, Tianjin Real Estate Group Co., Ltd., held 149,622,450 shares, accounting for 13.53% of total shares, with shares frozen [11]. - The company’s major shareholder, Tianjin Real Estate Group, has all its shares frozen due to judicial proceedings, which may impact the company's operations [17]. Other Financial Metrics - The company reported a total of CNY 110,081.84 in non-recurring gains and losses for the period [10]. - The company’s net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,603,387.80, a decrease of 81.48% year-on-year [7]. - The company reported an investment income of ¥27,439,503.91 in Q1 2020, significantly up from ¥4,506,217.74 in Q1 2019 [30]. - The company experienced a financial expense of ¥25,778,867.34 in Q1 2020, compared to a financial income of ¥918,180.24 in Q1 2019 [30]. - The company reported a significant reduction in sales expenses, which were ¥14,904,318.70 in Q1 2020, down from ¥30,654,171.29 in Q1 2019 [30]. Revenue Recognition Standards - The company executed the new revenue recognition standards effective January 1, 2020, impacting financial reporting [44]. - The company is implementing new revenue recognition standards effective January 1, 2020, which may impact future financial reporting [49]. - The company has not made any adjustments to prior period data due to the new revenue standards [49].