Sunasia(SH:600593)2020-04-24 16:00Financial Performance - Operating revenue fell by 74.93% to CNY 11,100,473.40 year-on-year[5] - Net profit attributable to shareholders decreased by 246.14% to CNY -30,195,963.94[5] - Basic and diluted earnings per share were both CNY -0.1860, a decrease of 181.39% compared to the previous year[5] - The company reported a significant increase in losses compared to the same period last year, indicating challenges in the current market environment[5] - Total operating revenue for Q1 2020 was CNY 11,100,473.40, a decrease of 74.9% compared to CNY 44,272,777.13 in Q1 2019[26] - Net loss for Q1 2020 was CNY 25,073,961.61, compared to a net loss of CNY 10,073,393.18 in Q1 2019, representing a 148.1% increase in losses[28] - Operating profit for Q1 2020 was CNY -24,987,613.99, worsening from CNY -8,907,499.06 in Q1 2019[26] - The total comprehensive income for the period was -¥15,544,375.85, compared to -¥7,995,705.81 in the previous year[36] Assets and Liabilities - Total assets decreased by 3.57% to CNY 2,106,815,277.05 compared to the end of the previous year[5] - The company’s total liabilities decreased to CNY 575,630,511.25 in Q1 2020 from CNY 600,482,014.30 in Q1 2019, a reduction of 4.1%[24] - Total liabilities increased by 47.19% to ¥4,781,113.73, mainly due to outstanding utility and procurement payments[13] - Total current liabilities were ¥626,345,460.94, down from ¥698,878,657.24, showing a reduction of approximately 10.35%[20] - Total liabilities amounted to ¥1,272,582,585.35, a decrease from ¥1,325,500,849.70, indicating a decline of about 3.99%[20] - Shareholders' equity decreased to ¥834,232,691.70 from ¥859,306,653.31, reflecting a decline of approximately 2.92%[20] Cash Flow - Cash flow from operating activities showed a significant decline of 524.84%, resulting in CNY -19,789,794.49[5] - In Q1 2020, the company reported cash inflows from operating activities of ¥17,617,967.15, a decrease of 68.2% compared to ¥55,429,212.01 in Q1 2019[32] - The net cash flow from operating activities was -¥19,789,794.49, worsening from -¥3,167,166.11 in the same period last year[35] - The company recorded cash outflows from investing activities totaling ¥49,710,081.68, down from ¥62,659,965.65 in Q1 2019, resulting in a net cash flow of -¥43,766,085.68 from investing activities[35] - Cash inflows from financing activities were ¥141,191,429.44, compared to ¥219,139,589.42 in Q1 2019, leading to a net cash flow of -¥4,462,566.36 from financing activities[35] Shareholder Information - The total number of shareholders reached 3,364 at the end of the reporting period[9] - The largest shareholder, Dalian Xinghaiwan Financial Business District Investment Management Co., Ltd., holds 24.03% of shares, with 30,945,600 shares pledged[9] Operational Challenges and Strategies - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company anticipates a significant change in net profit compared to the same period last year due to the ongoing impact of the pandemic[16] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[26] - The company plans to continue focusing on cost management and operational efficiency in response to the financial challenges faced during the quarter[36] - The company is exploring new investment opportunities to enhance its market position and recover from the current financial downturn[36] Social Responsibility - The company has launched initiatives to provide free access to frontline medical workers and their families as a gesture of gratitude for their efforts during the pandemic[15] - The company is committed to fulfilling its corporate social responsibility by supporting healthcare workers during the COVID-19 crisis[15] Other Financial Metrics - Non-recurring gains and losses totaled CNY 6,242,469.79, primarily from government subsidies and asset disposals[9] - Other income increased significantly by 1256.16% to ¥3,067,818.98, mainly due to receiving provincial cultural industry development subsidies[13] - The company reported a 48.48% decrease in selling expenses to ¥2,251,807.80, as advertising was not conducted during the operational suspension[13] - The company has implemented measures to prepare for reopening and enhance service quality during the pandemic[14]