HOMEY(SH:600467)2020-04-27 16:00Financial Performance - Operating income for the first quarter was ¥218,260,623.44, a decline of 18.86% compared to ¥268,989,567.03 in the same period last year[5] - Net profit attributable to shareholders decreased by 29.40%, totaling ¥4,480,716.16, down from ¥6,346,196.31 year-on-year[5] - Basic earnings per share increased by 16.67% to ¥0.007 from ¥0.006 in the same period last year[5] - The company reported a decrease in net profit attributable to shareholders after deducting non-recurring gains and losses, reflecting ongoing challenges in the market[5] - Total operating revenue for Q1 2020 was CNY 218,260,623.44, a decrease of 18.8% compared to CNY 268,989,567.03 in Q1 2019[24] - The company reported a gross profit of CNY 46,586,522.63 for Q1 2020, compared to CNY 66,817,700.88 in Q1 2019, reflecting a decline of 30.3%[24] - The net profit for Q1 2020 was ¥12,332,345.57, down 29.5% from ¥17,481,169.73 in Q1 2019[30] Cash Flow - Cash flow from operating activities improved significantly, with a net cash inflow of ¥11,609,904.65, compared to a net outflow of ¥103,046,533.05 in the previous year, representing an increase of 111.27%[5] - The total cash inflow from operating activities was ¥226,345,912.02, while cash outflow was ¥214,736,007.37, resulting in a positive cash flow[31] - The cash flow from financing activities showed a net outflow of ¥146,518,705.90 in Q1 2020, contrasting with a net inflow of ¥118,208,776.21 in Q1 2019[34] - The total cash and cash equivalents at the end of Q1 2020 were ¥34,845,017.25, down from ¥122,071,024.98 at the end of Q1 2019[34] - Cash and cash equivalents net increase was -$138.11 million, compared to a decrease of -$22.44 million in the previous period[35] Assets and Liabilities - Total assets decreased by 3.62% from the end of the previous year, amounting to ¥6,149,781,296.77[5] - The company's total assets amounted to CNY 6,057,087,698.13, a slight decrease from CNY 6,208,811,366.18 in the previous year[22] - Total liabilities decreased to CNY 2,578,560,587.77 from CNY 2,742,616,601.39, indicating a reduction of 6.0%[22] - Short-term borrowings and notes payable decreased by 8.9% compared to the beginning of the year, attributed to changes in bank credit types affecting the proportion of loans and notes[12] Shareholder Information - The total number of shareholders reached 78,070 by the end of the reporting period[10] - The largest shareholder, Haodangjia Group Co., Ltd., holds 41.24% of the shares, totaling 602,525,190 shares, with 408,350,000 shares pledged[10] Non-Recurring Items - Non-recurring gains and losses amounted to ¥5,208,461.76 for the reporting period[8] - Investment income increased by 594.79% year-on-year, primarily due to the recognition of 7.1463 million yuan in dividends from Weihai Commercial Bank[13] - Non-operating income increased by 99.95% year-on-year, attributed to an increase in government subsidies recognized during the reporting period[13] - Non-operating expenses increased by 401.27% year-on-year, mainly due to an increase in asset disposal losses of 716,700 yuan and product donations[13] - Income tax expenses decreased by 98.84% year-on-year, primarily due to an increase in corporate income tax provisions[13] - Minority interests increased by 98.45% year-on-year, mainly due to an increase in profits of 6.33 million yuan from the controlling subsidiary[13] Cost Management - Total operating costs for Q1 2020 were CNY 225,706,907.83, down from CNY 259,649,277.06 in Q1 2019, reflecting a reduction of 13.1%[24] - The company incurred financial expenses of ¥17,882,945.38 in Q1 2020, down from ¥21,526,434.64 in Q1 2019, reflecting a reduction in interest expenses[29] - The company’s management expenses decreased to ¥5,223,266.99 in Q1 2020 from ¥6,031,750.00 in Q1 2019, showing improved cost control[29]