XEMC(SH:600416)2020-04-29 16:00Financial Performance - Operating revenue decreased by 43.55% to CNY 851.20 million year-on-year[4] - Net profit attributable to shareholders improved by 45.35% to a loss of CNY 71.93 million compared to the previous year[4] - Basic and diluted earnings per share improved by CNY 0.06 to -0.08 compared to the previous year[4] - Total revenue for Q1 2020 was ¥851,198,424.07, a decrease of 43.5% compared to ¥1,507,915,686.27 in Q1 2019[22] - Net profit for Q1 2020 was a loss of ¥55,386,843.76, compared to a loss of ¥131,576,016.29 in Q1 2019, representing a 58.0% improvement[24] - The company reported a total comprehensive loss of ¥58,390,432.68 for Q1 2020, compared to a loss of ¥136,726,416.92 in Q1 2019[25] - Total comprehensive income for Q1 2020 was -124,998,915.26 CNY, compared to -80,512,763.07 CNY in Q1 2019, indicating a decline[30] Cash Flow - Net cash flow from operating activities was CNY 25.32 million, a significant recovery from a negative cash flow of CNY 228.82 million in the same period last year[4] - Cash inflow from operating activities was 1,392,479,987.79 CNY in Q1 2020, down 24.2% from 1,835,182,607.58 CNY in Q1 2019[31] - Net cash flow from operating activities improved to 25,320,153.30 CNY in Q1 2020, compared to -228,817,297.06 CNY in Q1 2019[31] - Cash outflow from investing activities totaled 1,318,378,671.81 CNY in Q1 2020, significantly higher than 103,616,150.44 CNY in Q1 2019[32] - Net cash flow from financing activities was 19,642,450.94 CNY in Q1 2020, recovering from -110,901,013.66 CNY in Q1 2019[32] - The company received 2,049,300,000.00 CNY from financing activities in Q1 2020, an increase from 1,628,994,842.31 CNY in Q1 2019[32] - The company paid 1,927,600,000.00 CNY in debt repayments during Q1 2020, compared to 1,621,000,000.00 CNY in Q1 2019[32] Assets and Liabilities - Total assets increased by 3.23% to CNY 17.58 billion compared to the end of the previous year[4] - Current liabilities totaled approximately ¥13.76 billion, up from ¥13.12 billion, indicating an increase of about 4.9%[17] - The total liabilities amounted to approximately ¥14.44 billion, compared to ¥13.83 billion, which is an increase of about 4.4%[18] - The equity attributable to shareholders decreased to approximately ¥2.57 billion from ¥2.64 billion, a decline of about 2.6%[18] - The company reported a net loss of approximately ¥3.33 billion in retained earnings, worsening from a loss of ¥3.26 billion year-over-year[18] - The total owner's equity decreased to approximately ¥3.15 billion from ¥3.20 billion, reflecting a decline of about 1.6%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,323[7] - The largest shareholder, Xiangdian Group Co., Ltd., held 33.54% of the shares, with 177 million shares pledged[7] Research and Development - Research and development expenses surged by 187.49% to ¥36,344,400, attributed to increased amortization of intangible assets from prior year investments[11] - Research and development expenses increased to ¥36,344,400.93 in Q1 2020, up 187.5% from ¥12,641,949.28 in Q1 2019[24] Other Income and Expenses - Government subsidies recognized in the current period amounted to CNY 1.68 million[5] - The company reported a non-operating income of CNY 2.51 million, primarily from various non-recurring gains[6] - Investment income decreased by 94.68% to -¥3,603,967, primarily due to interest expenses on bank acceptance bills[11] - The company experienced a significant increase in credit impairment losses, totaling ¥42,138,233.70 in Q1 2020, compared to a gain of ¥2,985,628.18 in Q1 2019[24] - Other income for Q1 2020 was reported at ¥1,124,974.78, compared to ¥140,331.00 in Q1 2019[24]