江西长运(600561) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased significantly by 7,017.22% to CNY -159,034,812.36 compared to the same period last year[5] - Operating revenue fell by 46.03% to CNY 329,024,490.42 year-on-year[5] - The company reported a significant decrease in net profit primarily due to a revenue drop of CNY 281 million, while costs only decreased by CNY 158 million[14] - Total revenue for Q1 2020 was ¥329,024,490.42, a decrease of 46% compared to ¥609,680,662.42 in Q1 2019[29] - The net profit for Q1 2020 was a loss of ¥184,257,973.34, compared to a profit of ¥15,645,952.05 in Q1 2019, indicating a significant decline[29] - Operating profit for Q1 2020 was a loss of ¥185,039,071.53, compared to a profit of ¥21,866,087.89 in Q1 2019[29] - Net profit for Q1 2020 was a loss of CNY 36,850,714.69, compared to a loss of CNY 22,060,949.09 in Q1 2019, representing an increase in loss of 67.3%[34] - Total comprehensive income for Q1 2020 was a loss of CNY 36,850,714.69, compared to a loss of CNY 22,060,949.09 in Q1 2019[36] Assets and Liabilities - Total assets decreased by 5.35% to CNY 5,810,202,549.38 compared to the end of the previous year[5] - As of March 31, 2020, the company's total assets amounted to approximately CNY 5.81 billion, a decrease from CNY 6.14 billion as of December 31, 2019[20] - The company's total assets decreased to ¥4,423,627,345.78 as of March 31, 2020, down from ¥4,547,594,420.84 at the end of 2019[25] - Total current liabilities stood at CNY 3.90 billion as of March 31, 2020, slightly decreased from CNY 3.93 billion at the end of 2019[21] - Current liabilities totaled ¥3,045,356,619.37, slightly up from ¥3,036,520,261.78 in the previous quarter[25] - The total equity decreased to ¥1,046,436,798.56 from ¥1,083,287,513.25, reflecting a decline of approximately 3.4%[26] - The company's total equity was CNY 1.31 billion as of March 31, 2020, compared to CNY 1.51 billion at the end of 2019[21] - Total liabilities amounted to ¥4,633,210,171.07, with non-current liabilities totaling ¥707,889,141.04[45] Cash Flow - Net cash flow from operating activities decreased by 178.77% to CNY -63,305,290.35 compared to the previous year[5] - Cash flow from financing activities decreased by 688.21% to CNY -79,045,369.86 compared to the previous year[12] - Cash inflow from financing activities in Q1 2020 was CNY 351,220,800.00, down from CNY 540,000,000.00 in Q1 2019[37] - The total cash outflow from financing activities in Q1 2020 was CNY 430,266,169.86, compared to CNY 526,561,761.81 in Q1 2019[37] - Cash flow from operating activities for Q1 2020 was a net outflow of CNY 63,305,290.35, compared to a net inflow of CNY 80,371,910.99 in Q1 2019[36] - Operating cash flow for Q1 2020 was negative at -65,910,511.18 RMB, an improvement from -75,796,891.46 RMB in Q1 2019, indicating a 13.5% reduction in cash outflow[39] Shareholder Equity and Earnings - Basic earnings per share decreased to CNY -0.67 from CNY 0.01, a decline of 6,800%[5] - The company reported a basic and diluted earnings per share of -¥0.67 for Q1 2020, compared to ¥0.01 in Q1 2019[31] - Basic and diluted earnings per share for Q1 2020 were both CNY -0.16, compared to CNY -0.09 in Q1 2019[34] - The company's retained earnings decreased from CNY 287.29 million at the end of 2019 to CNY 128.25 million as of March 31, 2020[21] Operational Changes - The company suspended operations of passenger transport stations and routes starting January 26, 2020, due to COVID-19, with a resumption rate of only 70% by March 31, 2020[13] - The company executed the new revenue recognition standards starting January 1, 2020, with no impact on financial results[46] - The company reported no adjustments to the opening retained earnings due to the new accounting standards[51] Investment and Financing Activities - The company plans to issue up to 47,412,800 shares of A-shares, with Nanchang Municipal Public Investment Holding Co., Ltd. intending to fully subscribe to this issuance[15] - The company has received approval from the China Securities Regulatory Commission for the non-public issuance of shares, which will be expedited[16] - Long-term borrowings were recorded at ¥168,040,240.00, with total non-current liabilities at ¥427,786,645.81[50] - Long-term investments remained stable at approximately ¥2,041,561,807.35, showing minimal change from the previous quarter[24]