BTH(SH:600640)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -56,295,310.15, a decrease of 296.96% year-on-year[11] - Operating revenue fell by 38.66% to CNY 542,101,948.09 compared to the same period last year[11] - Basic earnings per share were CNY -0.0707, down 296.94% from CNY 0.0359 in the previous year[11] - The company expects a decline of over 50% in net profit attributable to shareholders for the first half of 2020 compared to the same period last year[27] - The company reported a net loss of ¥58,370,573.15 for the current period, compared to a net profit of ¥30,494,600.63 in the same period last year, indicating a significant decline in profitability[48] - Total revenue for the first quarter of 2020 was ¥3,029,782.14, down from ¥3,304,980.97 in the first quarter of 2019, representing a decrease of approximately 8.3%[52] - Operating profit for the first quarter was reported at -¥19,523,906.56, compared to -¥6,005,418.91 in the previous year, reflecting a worsening operational performance[52] - The total comprehensive loss for the current period was -¥19,627,741.56, compared to -¥6,005,828.91 in the same period last year, highlighting a significant deterioration in overall financial performance[54] Cash Flow - Net cash flow from operating activities improved to CNY 57,322,818.00 from CNY -137,352,268.82 in the previous year, a change of 141.73%[11] - Cash inflow from operating activities totaled ¥1,141,278,598.30, down from ¥1,449,411,533.19 in the first quarter of 2019, showing a decrease of approximately 21.2%[54] - The net cash flow from operating activities was $57,322,818, a significant improvement compared to a net outflow of $137,352,268 in the previous period, indicating a recovery in operational efficiency[57] - The total cash inflow from operating activities was $5,770,172.55, up from $4,144,145.54, showing growth in cash receipts from operations[60] Assets and Liabilities - Total assets decreased by 2.97% to CNY 6,620,123,420.04 compared to the end of the previous year[11] - Total current assets decreased from ¥5,136,922,589.97 to ¥4,964,001,875.61, a decline of approximately 3.4%[31] - Total liabilities decreased from ¥1,777,467,820.84 to ¥1,633,206,923.25, a reduction of approximately 8.1%[36] - Total equity decreased from ¥5,045,287,069.92 to ¥4,986,916,496.79, a decline of about 1.2%[36] - Total assets decreased to $4.64 billion from $4.68 billion, a reduction of 0.7%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,428[14] - The largest shareholder, China Telecom Group, held 51.16% of the shares[14] User Metrics - The number of registered users for mobile games reached 25,379,000, with a monthly active user count of 929,000[20] - The total number of registered users for the reading business was 30,173,150, with 361,910 monthly active users[20] - The total number of registered users for 5G applications reached 614,679,000[19] - The monthly average revenue per user (ARPU) for mobile games was 24.8 RMB[20] Expenses and Costs - The company experienced a 53.66% reduction in sales expenses, amounting to 11.22 million RMB[24] - The company reported a significant increase in sales expenses, which reached ¥3,400,920.72 in the first quarter of 2020, compared to ¥684,026.46 in the same period last year[52] - Total operating costs for Q1 2020 were $608.4 million, a decrease of 28.6% from $852.9 million in Q1 2019[46] - Research and development expenses for Q1 2020 were $18.8 million, down 10.0% from $20.9 million in Q1 2019[46] Income and Subsidies - The company reported a government subsidy of CNY 4,731,507.57 related to normal business operations[13] - The company experienced a significant increase in non-operating income, totaling CNY 6,293,438.23[13] - Other income for Q1 2020 was $6.2 million, a decrease of 27.0% from $8.5 million in Q1 2019[46] - Investment income for the first quarter was ¥1,292,327.59, a notable increase from ¥485,805.95 in the previous year, indicating improved investment performance[52]