DPC(SH:600405)2020-04-28 16:00Financial Performance - Operating revenue for the year-to-date was CNY 95,769,318.30, down 42.52% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 44,449,594.33, compared to a loss of CNY 18,387,563.78 in the same period last year[5] - The weighted average return on net assets decreased by 6.07 percentage points to -4.34%[5] - Revenue for the reporting period was ¥95,769,318.30, a decrease of 42.52% compared to the beginning of the period, primarily due to the impact of the pandemic[13] - Operating costs for the reporting period were ¥75,273,964.35, a decrease of 34.18% compared to the beginning of the period, also influenced by the pandemic[14] - Investment income for the reporting period was -¥87,534.56, an increase of 66.69% compared to the beginning of the period, primarily due to a decline in net profit from Chengdu Bobei Technology Co., Ltd.[14] - Other income for the reporting period was ¥916,947.55, a decrease of 83.12% compared to the beginning of the period, mainly due to reduced software tax refunds resulting from decreased revenue[14] - The net loss for Q1 2020 was CNY 50,395,487.48, compared to a loss of CNY 19,242,459.53 in Q1 2019, indicating a worsening of 162.5%[29] - The company's operating profit for Q1 2020 was -¥26,162,622.99, compared to -¥19,317,073.93 in Q1 2019, indicating a worsening of 35.00%[33] - The total comprehensive loss for Q1 2020 was ¥45,508,632.54, compared to a loss of ¥18,411,558.16 in Q1 2019[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,525,884,941.01, a decrease of 2.36% compared to the end of the previous year[5] - Total assets as of March 31, 2020, were CNY 2,088,035,020.25, a decrease from CNY 2,186,503,391.86 at the end of 2019[26] - Total liabilities as of March 31, 2020, were CNY 1,264,775,157.90, down from CNY 1,339,515,236.46 at the end of 2019, a reduction of 5.6%[26] - Total assets amounted to ¥2,586,812,402.02, with current assets at ¥1,405,400,413.23 and non-current assets at ¥1,181,411,988.79[40] - Total liabilities reached ¥1,517,457,032.53, with current liabilities totaling ¥1,324,868,031.61 and non-current liabilities at ¥192,589,000.92[41] - The total current liabilities included short-term borrowings of ¥204,500,000.00 and accounts payable of ¥511,895,519.62[41] - Total liabilities reached ¥1,339,515,236.46, with current liabilities comprising ¥1,262,527,490.66[45] Shareholder Information - The number of shareholders at the end of the reporting period was 87,920[10] - The total equity attributable to shareholders was CNY 1,004,083,428.21, down from CNY 1,046,877,686.04 at the end of 2019, a decrease of 4.1%[26] - Shareholders' equity stood at ¥1,069,355,369.49, with equity attributable to the parent company at ¥1,046,877,686.04[41] Cash Flow - Cash flow from operating activities was CNY 3,161,205.44, a significant improvement from a negative CNY 48,806,005.34 in the previous year[5] - Cash received from borrowings during the reporting period was ¥28,300,000.00, a decrease of 82.48% compared to the previous period, primarily due to reduced external financing[17] - Cash received from sales of goods and services in Q1 2020 was ¥212,328,249.89, an increase of 7.05% from ¥198,236,195.52 in Q1 2019[35] - Total cash inflow from operating activities was ¥200,839,774.18, compared to ¥161,563,368.72 in the same period last year, representing a 24.2% increase[37] - The net cash flow from financing activities was ¥2,014,997.70, a decline from ¥66,455,260.54 in the same quarter last year[38] Inventory and Receivables - Accounts receivable decreased by 60.98% to CNY 35,410,126.07 as a result of bill endorsements[11] - Inventory increased by 24.49% to CNY 307,408,545.46 due to slower turnover caused by the pandemic[11] - Inventory increased to CNY 100,416,573.82 in Q1 2020, compared to CNY 79,732,560.12 in Q1 2019, reflecting a growth of 25.9%[25] - The company reported a decrease in accounts receivable to CNY 708,186,559.87 from CNY 825,947,174.19, a decline of 14.3%[25] Changes in Accounting and Reporting - The company reclassified pre-received sales amounts from "prepayments" to "contract liabilities" as of January 1, 2020, in accordance with new standards[42] - The company has made adjustments in reporting due to the implementation of new revenue and leasing standards[47] - The company reclassified pre-receipts from "accounts receivable" to "contract liabilities" as per new accounting standards[46]