DZUG(SH:600635)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter was approximately ¥1.44 billion, down 15.93% year-on-year[11]. - Net profit attributable to shareholders was approximately ¥105.21 million, a decrease of 15.63% compared to the same period last year[11]. - Net cash flow from operating activities was negative at approximately ¥78.75 million, a decline of 115.90% year-on-year[11]. - Basic earnings per share were ¥0.035635, down 15.63% from the previous year[11]. - The weighted average return on equity decreased by 0.33 percentage points to 1.30%[11]. - The net profit after deducting non-recurring gains and losses was approximately ¥103.05 million, a decrease of 5.75% year-on-year[11]. - The net profit attributable to shareholders was 10.52 million RMB, down 15.63% year-on-year, primarily due to a 46.24% decrease in investment income from equity method companies[20]. - Total operating revenue for Q1 2020 was ¥1,465,280,355.68, a decrease of 16.2% compared to ¥1,749,598,394.59 in Q1 2019[42]. - Net profit for Q1 2020 was ¥134,195,211.70, a slight decrease of 1.1% compared to ¥136,704,909.79 in Q1 2019[42]. - The net profit attributable to shareholders of the parent company was ¥105,209,818.72, down 15.7% from ¥124,701,007.53 in Q1 2019[42]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥22.35 billion, a decrease of 0.97% compared to the end of the previous year[11]. - The total assets as of March 31, 2020, amounted to 5.40 billion RMB, compared to 5.58 billion RMB at the end of 2019[26]. - Total assets decreased from ¥22,565,398,377.59 to ¥22,345,818,240.26, a decline of approximately 0.97%[30]. - Non-current assets decreased from ¥16,983,232,087.60 to ¥16,944,080,032.36, a decline of about 0.23%[30]. - Current liabilities decreased from ¥8,353,599,348.16 to ¥8,269,198,228.72, a reduction of approximately 1.01%[30]. - Total liabilities decreased from ¥13,316,597,973.46 to ¥13,031,628,789.80, a reduction of approximately 2.14%[30]. - The company reported a total liability of ¥6,712,473,520.59, an increase from ¥6,694,987,213.73 in the previous period[42]. - The company reported a total liability of approximately ¥13.32 billion, with current liabilities at ¥8.35 billion and non-current liabilities at ¥4.96 billion[61]. Cash Flow - The company reported a net cash outflow from investing activities of -246.05 million RMB, primarily due to increased cash payments for fixed assets and intangible assets[23]. - Operating cash flow from activities generated a net amount of -78,745,043.36 RMB, a significant decrease compared to 495,336,110.16 RMB in the previous period, indicating a decline in operational efficiency[52]. - Cash inflow from investment activities totaled 525,021,007.28 RMB, while cash outflow was 771,067,218.57 RMB, resulting in a net cash flow of -246,046,211.29 RMB, reflecting increased investment expenditures[52]. - Cash inflow from financing activities was 1,172,138,333.09 RMB, with cash outflow of 1,133,992,874.37 RMB, leading to a net cash flow of 38,145,458.72 RMB, showing a positive financing position[54]. - The company reported a decrease in cash and cash equivalents, with a net decrease of -267,348,902.12 RMB, resulting in an ending balance of 2,704,424,161.30 RMB[54]. Shareholder Information - The total number of shareholders as of March 31, 2020, was 197,096[17]. - The largest shareholder, Hong Kong Central Clearing Limited, held 533,533,000 shares, representing 18.08% of the total shares[17]. - Equity attributable to shareholders increased from ¥8,063,278,014.37 to ¥8,097,335,763.02, an increase of about 0.42%[30]. - Shareholders' equity totaled approximately ¥9.25 billion, with equity attributable to the parent company at approximately ¥8.07 billion[64]. Investment and Expenses - The company received government subsidies amounting to approximately ¥1.28 million during the reporting period[14]. - Investment income fell by 41.00% to 112.57 million RMB, mainly due to reduced investment income from equity method companies[23]. - The company's financial expenses decreased by 54.06% to 55.52 million RMB, primarily due to exchange gains from currency translation[21]. - Research and development expenses were ¥330,188.68 in Q1 2019, indicating a focus on innovation despite overall cost reductions[42]. - The company paid 155,433,484.41 RMB to employees, a decrease from 173,249,646.46 RMB, suggesting cost-cutting measures in personnel expenses[52]. - The company's management expenses for Q1 2020 were CNY 13,792,277.48, compared to CNY 12,676,722.63 in Q1 2019, reflecting an increase of about 8.8%[44].