But'one(SH:600455)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 24.40% to CNY 5,377,145.00 compared to the same period last year[5] - Basic earnings per share decreased by 24.41% to CNY 0.0861[5] - The weighted average return on equity decreased by 1.7166 percentage points to 3.5383%[5] - The company reported a net loss of CNY 60,809,479.09, an improvement from a loss of CNY 66,186,624.11 in the previous period[22] - Net profit for Q1 2020 was CNY 7,677,516.83, a decrease of 13.93% from CNY 8,938,087.42 in Q1 2019[29] - The net profit attributable to shareholders of the parent company was CNY 5,377,145.00, down 24.38% from CNY 7,112,745.20 in Q1 2019[29] - The company’s total comprehensive income for Q1 2020 was -18,614.25 million RMB, reflecting the overall financial challenges faced during the period[31] Revenue and Costs - Operating revenue increased by 2.44% to CNY 49,557,715.37 compared to the same period last year[5] - Total operating costs for Q1 2020 were CNY 41,948,768.30, up 5.89% from CNY 39,609,639.53 in Q1 2019[28] - Other income decreased by 64.62% to ¥68,439.60, attributed to a reduction in government subsidies received[12] - Cash received from sales and services decreased by 98.55% to ¥81,332.30 from ¥5,600,166.50, due to a decline in cash receipts from services[13] Assets and Liabilities - Total assets decreased by 4.45% to CNY 730,579,791.72 compared to the end of the previous year[5] - Total current assets were CNY 262,133,377.18, down 10.61% from CNY 293,160,701.53 at the end of 2019[21] - Current liabilities totaled CNY 501,580,301.33, a decrease of 7.69% from CNY 543,202,120.73 at the end of 2019[22] - The company’s total liabilities were CNY 504,034,136.99, a decrease of 7.67% from CNY 545,724,395.99[22] - The company’s cash and cash equivalents were CNY 244,360,226.24, down 10.87% from CNY 274,106,463.77[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,359[10] - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 20.60% of the shares[10] Cash Flow - Net cash flow from operating activities was negative at CNY -28,335,868.53, compared to CNY -18,067,825.71 in the previous year[5] - Cash paid for purchasing goods and services increased significantly to ¥1,986,610.17 from ¥165,221.04, indicating increased operational costs[13] - The company reported a total operating cash outflow of 29,512,454.02 million RMB in Q1 2020, compared to 25,153,457.68 million RMB in Q1 2019[32] Changes in Receivables and Inventories - Accounts receivable decreased by 34.68% to ¥4,257,073.65 from ¥6,517,401.84 due to reclassification of receivables to contract assets[11] - Inventory increased to CNY 4,785,198.21, up 13.59% from CNY 4,211,706.82[21] Regulatory and Strategic Considerations - The company is closely monitoring the impact of regulatory changes regarding the classification of private schools on its long-term development strategy[17] - The company has not disclosed any new product developments or market expansion strategies in this report[5] Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, affecting the classification of accounts receivable and contract liabilities[41] - The company has not made adjustments to comparative data for the first-time application of new accounting standards[46]