Rebecca(SH:600439)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 262,737,549.70, representing a 42.39% decrease year-on-year[5] - Net profit attributable to shareholders was CNY 14,610,273.00, down 70.80% from the same period last year[5] - Basic earnings per share decreased by 70.81% to CNY 0.0129 from CNY 0.0442 in the previous year[5] - The weighted average return on equity decreased by 1.45 percentage points to 0.29%[5] - Total revenue for Q1 2020 was CNY 262,737,549.70, a decrease of 42.4% compared to CNY 456,082,958.00 in Q1 2019[24] - Net profit for Q1 2020 was CNY 14,458,248.60, a decline of 71.1% from CNY 50,060,916.78 in Q1 2019[25] - Operating profit for Q1 2020 was CNY 16,555,042.55, down 69.0% from CNY 53,343,396.41 in Q1 2019[25] - The company reported a decrease in research and development expenses to CNY 8,130,069.32 in Q1 2020 from CNY 8,504,467.20 in Q1 2019[24] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 47,911,226.23, a decline of 266.52% compared to the previous year[5] - The cash flow from operating activities for Q1 2020 was negative at approximately -¥47.91 million, a decline from a positive cash flow of ¥28.77 million in Q1 2019[31] - The company reported a decrease in cash and cash equivalents, which may impact liquidity and operational flexibility moving forward[17] - The total cash and cash equivalents at the end of Q1 2020 were approximately ¥439.35 million, an increase from ¥369.91 million at the end of Q1 2019[32] - The net increase in cash and cash equivalents was -12,254,109.42 and 69,747,764.63, highlighting a decrease in liquidity in the latest quarter[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,033,826,566.46, a 0.16% increase compared to the end of the previous year[5] - Current assets totaled ¥4,043,642,719.29, compared to ¥4,020,269,448.77 at the end of 2019, reflecting a growth of approximately 0.58%[18] - Total liabilities reached ¥2,169,620,805.16, up from ¥2,157,838,186.29, marking an increase of approximately 0.76%[19] - The company's equity attributable to shareholders was ¥2,860,104,976.52, slightly down from ¥2,863,802,659.23, indicating a decrease of about 0.10%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 54,403[10] - The largest shareholder, Henan Ruibeka Holding Co., Ltd., held 33.71% of the shares, with 180,000,000 shares pledged[10] Government Support and Initiatives - The company received government subsidies amounting to CNY 4,260,000.00 during the reporting period[8] - The company is in the process of relocating its production line to a new industrial area as part of a government initiative, with the land being converted to commercial and residential use[13] Future Plans and Commitments - The company is planning a non-public stock issuance to fund overseas investments and marketing network construction, which is currently under progress amid complex trade conditions[14] - The company has not disclosed any overdue commitments during the reporting period[15] - The company has not issued any warnings regarding potential losses or significant changes in net profit compared to the previous year[15] Financial Reporting - The report is unaudited as of March 31, 2020, and the financial statements are prepared in RMB[16]