IMS(SH:600556)2020-05-13 16:00Financial Performance - Operating revenue increased by 55.28% to CNY 536,317,376.54 year-on-year[12] - Net profit attributable to shareholders rose by 45.41% to CNY 55,830,221.83 compared to the same period last year[12] - The company's total profit for Q1 2020 was CNY 65,219,846.28, compared to CNY 46,003,178.76 in Q1 2019, reflecting an increase of approximately 42%[48] - The net profit for Q1 2020 was CNY 55,805,004.64, compared to CNY 38,013,953.32 in Q1 2019, reflecting a growth of about 47%[50] - The total comprehensive income for Q1 2020 was CNY 55,805,004.64, up from CNY 38,013,953.32 in Q1 2019, indicating a growth of approximately 47%[50] Assets and Liabilities - Total assets decreased by 12.25% to CNY 1,714,311,381.74 compared to the end of the previous year[12] - Total liabilities decreased to RMB 704,804,401.36 in Q1 2020 from RMB 988,864,043.30 in Q4 2019, a reduction of about 28.8%[44] - Total equity attributable to shareholders increased to RMB 1,019,284,763.52 in Q1 2020 from RMB 963,454,541.69 in Q4 2019, showing a growth of approximately 5.8%[36] - Total assets decreased to RMB 1,742,407,175.95 in Q1 2020 from RMB 2,029,813,013.77 in Q4 2019, a decline of approximately 13.1%[44] - The company’s total liabilities and equity amounted to RMB 1,742,407,175.95 in Q1 2020, down from RMB 2,029,813,013.77 in Q4 2019, a decrease of about 13.1%[44] Cash Flow - Net cash flow from operating activities was negative at CNY -45,505,614.89, a decline of 8.74% year-on-year[12] - The total cash outflow from operating activities was 463,275,329.45 RMB, compared to 303,398,324.43 RMB in the previous period, indicating increased operational costs[60] - Cash and cash equivalents decreased to RMB 641,554,338.54 from RMB 1,042,930,552.88, primarily due to payments for equity transfer and performance guarantees[27] - The cash and cash equivalents at the end of the period amounted to 620,465,543.38 RMB, down from 1,022,963,945.72 RMB at the beginning of the period, reflecting a decrease of 402,498,402.34 RMB[62] - The net increase in cash and cash equivalents was -402,498,402.34 RMB, highlighting challenges in cash management during the period[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,538[19] - The largest shareholder, Show World Hong, held 19.79% of the shares, totaling 332,615,750 shares[19] Operating Costs and Expenses - Operating costs rose due to increased media resource procurement costs associated with business scale expansion[22] - Management expenses increased due to higher personnel compensation in line with business growth[24] - Research and development expenses increased due to heightened investment in the WEIQ self-media platform[24] - The tax expenses for Q1 2020 were CNY 9,414,841.64, up from CNY 7,989,225.44 in Q1 2019, indicating an increase of about 18%[48] Other Financial Metrics - The weighted average return on net assets increased by 1.53 percentage points to 5.63%[12] - Basic and diluted earnings per share remained at CNY 0.03[12] - The effective income tax rate decreased due to tax incentives for subsidiaries engaged in advertising services[24] - The company received government subsidies amounting to CNY 49,770.87 during the reporting period[15] - The company has not disclosed any new product or technology developments in this report[12]