YCIG(SH:600345)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -7,291,161.43, representing a decline of 118.38% year-on-year[5] - Operating revenue for the period was CNY 27,470,505.84, down 30.19% compared to the same period last year[5] - Basic earnings per share were CNY -0.04, a decrease of 120.00% compared to CNY 0.20 in the same period last year[5] - The weighted average return on equity was -0.37%, a decrease of 2.43 percentage points from 2.06% year-on-year[5] - The company reported a total of CNY 111,197.26 in non-recurring gains and losses for the period[7] - Operating revenue fell by 30.19% to ¥27,470,505.84 year-on-year, mainly due to project delivery delays[12] - Net profit decreased by 118.38% to -¥7,291,161.43 compared to the same period last year, attributed to reduced investment income from associates[12] - The company reported an investment loss of CNY 3,685,878.79 in Q1 2020, contrasting with a gain of CNY 41,496,858.56 in Q1 2019[25] - The net profit for Q1 2020 was a loss of CNY 6,637,700.91, compared to a profit of CNY 39,122,304.60 in Q1 2019, representing a significant decline[28] - The total comprehensive income for Q1 2020 was CNY -6,637,700.91, compared to CNY 39,122,304.60 in Q1 2019[28] Cash Flow - The net cash flow from operating activities was CNY -23,742,609.02, an increase in outflow of 84.28% year-on-year[5] - Cash flow from operating activities for Q1 2020 was a net outflow of CNY -23,742,609.02, worsening from CNY -12,883,899.42 in Q1 2019[30] - The net cash flow from operating activities for Q1 2020 was -3,813,293.34 RMB, compared to -8,338,415.38 RMB in Q1 2019, indicating an improvement of 54.4% year-over-year[33] - Cash inflow from investment activities in Q1 2020 was 10,045,863.01 RMB, down 66.7% from 30,181,808.22 RMB in Q1 2019[34] - The net cash flow from investment activities for Q1 2020 was -922,636.99 RMB, compared to -325,860.04 RMB in Q1 2019, reflecting a decline of 183.5% year-over-year[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,072,711,365.91, a decrease of 1.04% compared to the end of the previous year[5] - Total assets decreased to ¥2,072,711,365.91 from ¥2,094,514,196.64, indicating a decline in overall asset value[16] - Total liabilities as of March 31, 2020, were CNY 56,037,531.40, down from CNY 57,172,810.51 at the end of 2019[21] - The company’s total liabilities and shareholders' equity amounted to CNY 2,060,812,023.02 as of March 31, 2020[21] - Total current assets amounted to approximately $200.07 million as of December 31, 2019[40] - Total non-current assets reached approximately $1.87 billion as of the first quarter of 2020[41] - Total liabilities stood at approximately $57.17 million in the first quarter of 2020[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,908[10] - The top shareholder, Fenghuo Technology Group Co., Ltd., held 28.63% of the shares[10] - Shareholders' equity totaled CNY 2,004,774,491.62 as of March 31, 2020, compared to CNY 2,011,412,192.53 at the end of 2019[21] - The total equity attributable to shareholders was 1,957,137,282.20 RMB, unchanged from the previous year[38] Expenses - Financial expenses increased by 66.64% to -¥365,015.33, primarily due to decreased income from bank wealth management[12] - Research and development expenses for Q1 2020 were CNY 2,350,069.70, significantly higher than CNY 525,903.68 in Q1 2019, indicating increased investment in innovation[25] - The company incurred management expenses of CNY 3,385,686.11 in Q1 2020, slightly down from CNY 3,902,349.24 in Q1 2019[27] - The financial expenses for Q1 2020 were CNY -812,824.79, compared to CNY -1,348,909.68 in Q1 2019, indicating improved financial management[27] Changes in Accounting Standards - The company has adopted new revenue and lease standards starting from 2020, which may impact future financial reporting[34] - The company is implementing new revenue and leasing standards effective from January 1, 2020[42] - The company has not made adjustments to prior period comparative data under the new standards[42]