Financial Performance - Operating revenue for the first quarter was CNY 53,129,251.36, a decline of 1.92% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 12,108,353.05, an improvement from a loss of CNY 18,025,371.74 in the same period last year[7] - Cash flow from operating activities improved to a negative CNY 1,816,595.73 from a negative CNY 15,928,342.49 year-on-year[7] - The weighted average return on equity was -3.33%, an improvement from -4.16% in the previous year[7] - Basic and diluted earnings per share were both -CNY 0.08, compared to -CNY 0.11 in the same period last year[7] - Total operating revenue for Q1 2020 was ¥53,129,251.36, a decrease of 1.92% from ¥54,166,953.51 in Q1 2019[22] - Net loss for Q1 2020 was ¥11,805,410.16, an improvement from a net loss of ¥18,506,578.69 in Q1 2019[23] - The company's gross profit margin decreased to -16.5% in Q1 2020 from -6.8% in Q1 2019[22] - The company's operating revenue for Q1 2020 was ¥38,362,322.28, representing a 35.5% increase from ¥28,317,234.53 in Q1 2019[25] - The net profit for Q1 2020 was -¥4,553,366.68, an improvement from -¥11,405,075.39 in Q1 2019, indicating a reduction in losses by approximately 60%[25] Assets and Liabilities - Total assets decreased by 4.10% to CNY 914,078,237.77 compared to the end of the previous year[7] - Total current assets decreased from ¥469,456,434.29 to ¥436,331,482.81, a decline of approximately 7%[14] - Total assets decreased from ¥953,111,547.59 to ¥914,078,237.77, a decline of about 4%[15] - Total liabilities decreased from ¥534,476,314.33 to ¥507,248,414.67, a reduction of approximately 5%[16] - The company's retained earnings showed a negative balance of ¥192,483,031.59, worsening from a negative ¥180,374,678.54[16] - Total liabilities decreased to ¥389,070,970.11 from ¥414,065,042.95 in the previous quarter[20] Cash Flow - Cash and cash equivalents decreased from ¥265,645,028.14 to ¥219,152,169.96, a decline of about 17.5%[14] - The total cash inflow from financing activities in Q1 2020 was ¥85,593,722.24, down from ¥130,933,008.90 in Q1 2019[28] - The company reported a cash and cash equivalents balance of ¥69,113,538.57 at the end of Q1 2020, down from ¥87,884,328.95 at the end of Q1 2019[28] - The cash flow from operating activities for Q1 2020 was -¥1,816,595.73, compared to -¥15,928,342.49 in Q1 2019, showing a significant improvement in cash flow[28] - The net cash flow from operating activities for Q1 2020 was ¥51,795,027.89, a decrease of 50.0% compared to ¥103,701,357.93 in Q1 2019[29] - Total cash inflow from operating activities was ¥164,811,582.17, down 10.4% from ¥183,888,834.02 in the same period last year[29] - Cash outflow from operating activities increased to ¥113,016,554.28, up 40.9% from ¥80,187,476.09 in Q1 2019[29] - The net cash flow from financing activities was -¥80,427,145.83, an improvement from -¥100,135,091.66 in the previous year[30] Shareholder Information - The company reported a total of 14,162 shareholders at the end of the reporting period[10] - The top shareholder, Tongling Sanjia Electronics Group, held 17.09% of shares[11] Operational Metrics - Accounts receivable financing increased by 167.03% to ¥13,744,044.26, attributed to an increase in bill settlements[12] - Prepayments rose by 38.88% to ¥35,882,477.54, mainly due to an increase in pre-sold contract amounts[12] - Employee compensation payable increased by 218.48% to ¥3,518,488.03, primarily due to cross-period wage payments[12] - Accounts receivable decreased to ¥8,196,256.75 from ¥8,390,839.65 in the previous quarter[19] - The company's cash inflow from other operating activities was ¥156,441,987.73, down 11.1% from ¥175,870,811.65 in Q1 2019[29] - The cash paid to employees decreased to ¥5,821,750.06, down 19.2% from ¥7,207,636.38 in the same quarter last year[29] - The company experienced a cash outflow of ¥90,601,772.59 for other operating activities, which increased by 60.7% compared to ¥56,273,019.44 in Q1 2019[29] Research and Development - Research and development expenses for Q1 2020 were ¥730,901.49, a decrease of 51.6% compared to ¥1,511,009.44 in Q1 2019[22] - Research and development expenses decreased to ¥202,813.13 in Q1 2020 from ¥432,333.65 in Q1 2019, reflecting a reduction of approximately 53%[25]
文一科技(600520) - 2020 Q1 - 季度财报