SFH(SH:600615)2020-04-28 16:00Financial Performance - Operating revenue for the current period was CNY 9,057,924.03, representing a decline of 21.51% year-on-year[6]. - Net profit attributable to shareholders was a loss of CNY 1,147,212.18, compared to a loss of CNY 449,160.26 in the same period last year[6]. - The company reported a net loss of CNY 4,027,786.88 for net profit attributable to shareholders after excluding non-recurring gains and losses[6]. - Basic and diluted earnings per share were both -CNY 0.006, compared to -CNY 0.002 in the previous year[6]. - Total operating revenue for Q1 2020 was ¥9,057,924.03, a decrease of 21.5% compared to ¥11,540,042.18 in Q1 2019[26]. - Net profit for Q1 2020 was a loss of ¥1,192,107.95, compared to a loss of ¥448,505.13 in Q1 2019, representing a significant increase in losses[28]. - The company reported a basic and diluted earnings per share of -0.006 yuan for Q1 2020, compared to -0.002 yuan in Q1 2019[28]. Cash Flow and Liquidity - Cash flow from operating activities showed a negative value of CNY 8,669,378.52, a decrease of 251.91% compared to the previous year[6]. - Cash and cash equivalents decreased by 49.68% to ¥9,624,957.23 from ¥19,126,541.93 due to increased operational expenditures[12]. - The net cash flow from operating activities for Q1 2020 was -8,669,378.52 RMB, compared to 5,706,958.89 RMB in Q1 2019, indicating a significant decline in operational performance[33]. - The total cash and cash equivalents at the end of Q1 2020 stood at 9,624,957.23 RMB, down from 26,375,643.11 RMB at the end of Q1 2019[34]. - The net increase in cash and cash equivalents for Q1 2020 was -9,501,584.70 RMB, compared to an increase of 19,557,758.66 RMB in Q1 2019[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 667,281,600.47, a decrease of 1.50% compared to the end of the previous year[6]. - Total current assets decreased to ¥613,555,272.23 from ¥622,558,169.47, indicating a slight decline in liquidity[18]. - Non-current assets totaled ¥53,726,328.24, a decrease of 2.13% from ¥54,898,850.53 in the previous period[19]. - Total liabilities were ¥35,839,985.98, down 20% from ¥44,823,297.56[20]. - Current liabilities decreased to ¥18,613,493.54 from ¥28,342,098.72, representing a reduction of 34.4%[20]. - Owner's equity decreased slightly to ¥631,441,614.49 from ¥632,633,722.44, a decline of 0.19%[20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,075[10]. - The largest shareholder, Longxin Holdings Co., Ltd., held 62,901,231 shares, accounting for 33.45% of the total shares, with all shares frozen[10]. Other Income and Expenses - Non-recurring gains and losses totaled CNY 2,880,574.70 for the current period[8]. - Other income fell by 50.04% to ¥168,116.00, mainly due to reduced government subsidies received[13]. - Investment income plummeted by 99.44% to ¥6,771.72, significantly lower than the previous period's ¥1,206,886.05[13]. - Tax expenses surged by 35,137.09% to ¥814,759.10, driven by changes in the fair value of financial assets[13]. - The company recorded a significant increase in management expenses, which rose to ¥3,914,202.69 in Q1 2020 from ¥3,090,332.61 in Q1 2019, an increase of 26.7%[26]. - The company experienced a significant increase in tax expenses, which rose to ¥814,759.10 in Q1 2020 from ¥2,312.22 in Q1 2019[28]. Changes in Assets - Cash and cash equivalents were reported at ¥5,918,334.43, down from ¥13,834,098.17, a decrease of 57.3%[22]. - Accounts payable decreased significantly to ¥5,686,680.82 from ¥9,502,827.85, a drop of 40.5%[19]. - Prepayments increased by 61.13% to ¥276,296.10, primarily due to higher payments for equipment and materials[12]. - Intangible assets rose by 37.69% to ¥2,511,584.82, attributed to the reclassification of investment properties[12]. - Deferred income tax liabilities increased to ¥2,510,741.64 from ¥1,695,982.54, an increase of 47.9%[20]. - The company reported an accumulated deficit of ¥52,859,490.49, compared to ¥51,712,278.31 in the previous period[20].