Teamsun(SH:600410)2020-04-23 16:00Financial Performance - Net profit attributable to shareholders increased by 34.34% to CNY 259,207,133.70 year-on-year[12] - Operating income decreased by 19.50% to CNY 926,988,418.87 compared to the same period last year[12] - Basic earnings per share rose by 34.80% to CNY 0.2359 compared to CNY 0.1750 in the same period last year[14] - The company reported a significant loss of CNY -152,548,153.34 in net profit after deducting non-recurring gains and losses, a decrease of 181.53% year-on-year[12] - The company reported a significant increase in tax expenses by 2833.85% to CNY 333.56 million, linked to changes in payable taxes and deferred tax liabilities[25] - Net profit for Q1 2020 was approximately $535.71 million, compared to $193.92 million in Q1 2019, representing an increase of 176.5%[53] - Net profit for Q1 2020 was -$98.85 million, a significant decline from a net profit of $7.77 million in Q1 2019[61] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 32,947,375.75, a 182.61% increase from a negative cash flow of CNY -39,883,810.27 in the previous year[12] - Cash flow from operating activities for Q1 2020 was $32.95 million, a turnaround from -$39.88 million in Q1 2019[65] - Cash flow from operating activities for Q1 2020 was negative at -$16.89 million, a significant decline from $136.47 million in Q1 2019, representing a decrease of approximately 112.4%[71] - Net cash flow from financing activities was negative at -$125.49 million in Q1 2020, an improvement from -$491.24 million in Q1 2019[72] - The company’s net cash flow from investment activities improved to $4.16 million in Q1 2020, compared to -$32.08 million in Q1 2019[71] Assets and Liabilities - Total assets increased by 5.62% to CNY 10,564,238,953.85 compared to the end of the previous year[12] - Total current assets decreased from 5,639,138,847.88 to 5,320,710,047.76, a decline of approximately 5.66%[33] - Total liabilities decreased slightly from 4,478,138,537.06 to 4,470,143,025.94, a decrease of about 0.18%[37] - Owner's equity increased from 5,523,517,264.41 to 6,094,095,927.91, an increase of approximately 10.34%[37] - The company’s total liabilities were approximately $4.19 billion in Q1 2020, a slight decrease from $4.20 billion in Q1 2019[79] Investments and Expenses - Long-term equity investments increased by 110.82% to $3.25 billion primarily due to the loss of control over a subsidiary and reclassification to an associate[22] - Research and development expenses rose by 31.28% to $28.09 million, reflecting increased investment in R&D[25] - Research and development expenses increased to approximately $28.09 million in Q1 2020, up from $21.40 million in Q1 2019, reflecting a growth of 31.2%[51] - The company reported a significant increase in investment income, rising to approximately $1.01 billion in Q1 2020 from $186.09 million in Q1 2019[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 157,122[12] - The company’s major shareholder, Wang Weihang, holds 8.38% of the shares, with 68,000,000 shares pledged[12] Government Support - The company received government subsidies amounting to CNY 387,883.63, which are closely related to its normal business operations[14]