BJBASHI(SH:600386)2020-04-29 16:00Financial Performance - Operating revenue fell by 40.98% to CNY 665,210,269.99 compared to the same period last year[15] - Net profit attributable to shareholders was a loss of CNY 38,739,305.74, a decrease of 327.23% year-on-year[7] - The company reported a significant decrease in operating profit, down 187.35% to CNY -32,521,849.22[15] - Total profit for Q1 2020 was -33,840,954.86, a decrease of 194.72% compared to the previous year[16] - Net profit for Q1 2020 was -44,442,250.62, representing a decline of 426.72% year-over-year[16] - Total operating revenue for Q1 2020 was CNY 665,210,269.99, a decrease of 41.0% compared to CNY 1,127,012,151.79 in Q1 2019[32] - The net profit for Q1 2020 was a loss of CNY 33,840,954.86, compared to a profit of CNY 35,725,884.67 in Q1 2019[32] - The company's revenue for Q1 2020 was ¥38,891,988.57, a decrease of 51.6% compared to ¥80,284,453.12 in Q1 2019[36] - The net loss for Q1 2020 was ¥28,353,003.19, compared to a net profit of ¥15,008,486.15 in Q1 2019, indicating a significant decline in profitability[36] - The operating profit for Q1 2020 was reported at -¥21,924,291.94, down from ¥24,684,363.26 in the same period last year[36] - The total comprehensive income for Q1 2020 was -¥31,022,358.19, compared to ¥26,857,420.53 in Q1 2019[37] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 39,826,199.97, a decline of 247.54% compared to the previous year[7] - Cash received from sales and services was 748,997,362.74, down 38.02% from 1,208,450,154.01 in the same period last year[18] - Cash paid for purchasing goods and services was 636,918,742.55, a decrease of 35.73% compared to the previous year[18] - The cash inflow from operating activities was ¥759,497,066.76 in Q1 2020, down from ¥1,222,998,522.05 in Q1 2019[38] - The cash outflow for purchasing goods and services was ¥636,918,742.55 in Q1 2020, compared to ¥991,015,709.30 in Q1 2019[38] - The net cash flow from operating activities for Q1 2020 was -39,826,199.97 RMB, compared to 26,994,035.29 RMB in Q1 2019, indicating a significant decline[40] - Total cash inflow from investment activities was 151,551,529.37 RMB, while cash outflow was 89,510,640.68 RMB, resulting in a net cash flow of 62,040,888.69 RMB for Q1 2020[40] - Cash inflow from financing activities totaled 71,464,768.39 RMB, with cash outflow amounting to 200,887,391.22 RMB, leading to a net cash flow of -129,422,622.83 RMB[40] Assets and Liabilities - Total assets decreased by 7.51% to CNY 4,587,459,433.94 compared to the end of the previous year[7] - The total assets as of March 31, 2020, were 4,587,459,433.94, down from 4,960,167,942.51 at the end of 2019[25] - Current liabilities totaled 1,389,408,223.85, a decrease from 1,605,198,202.36 in the previous year[25] - Total liabilities as of March 31, 2020, were CNY 919,245,010.92, a decrease of 16.1% from CNY 1,096,080,041.29 at the end of 2019[30] - Total equity as of March 31, 2020, was CNY 1,451,752,028.23, down from CNY 1,482,774,386.42 at the end of 2019[30] - The company’s long-term liabilities decreased to CNY 531,148,161.41 as of March 31, 2020, from CNY 612,781,503.90 at the end of 2019[30] - Total liabilities reached ¥3,089,167,650.50, with current liabilities at ¥1,605,198,202.36 and non-current liabilities at ¥1,483,969,448.14[47] - Shareholders' equity totaled ¥1,871,000,292.01, including paid-in capital of ¥806,400,000.00 and retained earnings of ¥503,293,811.61[47] Investments and Income - Investment income received was 150,225,293.40, a new entry as there was no income in the same period last year[18] - The company recognized government subsidies of CNY 76,623.67 during the reporting period[11] - The company predicts a significant decline in cumulative net profit for the year compared to the previous year due to the ongoing impact of COVID-19 on advertising and automotive sales[20] Changes in Accounting Standards - New revenue recognition standards were adopted effective January 1, 2020, with no significant impact on total equity[52] - Contract liabilities increased by approximately $64.78 million due to the new revenue recognition standards[52] - Prepayments were reclassified to contract liabilities, reflecting a decrease of approximately $64.78 million[52]