SJY.(SH:600676)2020-04-28 16:00Financial Performance - Operating revenue fell by 35.58% to CNY 1,278,338,770.30 year-on-year[7] - Net profit attributable to shareholders decreased by 455.93% to a loss of CNY 150,141,073.37[7] - Basic earnings per share decreased by 475.00% to CNY -0.15[7] - The weighted average return on equity decreased by 3.32 percentage points to -2.61%[7] - The company reported a total comprehensive loss of CNY 171,973,218.33 for Q1 2020, compared to a comprehensive income of CNY 47,192,027.16 in Q1 2019[34] - Net profit for Q1 2020 was a loss of CNY 172,170,264.13, compared to a profit of CNY 47,174,309.40 in Q1 2019, representing a significant decline[34] Cash Flow - Net cash flow from operating activities dropped by 56.53% to CNY 72,671,400.77[7] - The net cash flow from investing activities was -¥37,303,037.30, a decline of 114.26% compared to ¥261,575,750.47 in the previous year[13] - The net cash flow from financing activities was -¥28,455,096.51, a significant decrease of 528.36% from ¥6,642,811.31 in the previous year[13] - Net cash flow from operating activities was 72,671,400.77 RMB, down 56.5% from 167,170,892.95 RMB in the same period last year[39] - Cash inflow from investment activities was -37,303,037.30 RMB, a significant decline from 261,575,750.47 RMB in Q1 2019[40] Assets and Liabilities - Total assets decreased by 4.67% to CNY 8,655,197,319.96 compared to the end of the previous year[7] - Total current assets decreased to ¥5,027,983,077.14 from ¥5,440,953,358.11, a decline of approximately 7.6%[24] - Total liabilities decreased to ¥2,554,083,132.01 from ¥2,835,569,133.29, a decline of about 9.9%[26] - The company’s total liabilities increased to CNY 1,195,940,926.28 in Q1 2020 from CNY 1,011,511,353.93 in Q1 2019, indicating a rise of approximately 18.2%[30] - Total equity attributable to shareholders decreased to ¥5,685,377,625.61 from ¥5,836,785,239.94, a decrease of approximately 2.6%[26] Shareholder Information - The total number of shareholders reached 49,112 at the end of the reporting period[10] - The largest shareholder, Shanghai Jiaoyun (Group) Company, holds 31.92% of the shares[10] Operational Challenges - The company faced severe impacts on its operations due to the COVID-19 pandemic, with many businesses halting production and operations[13] - The recovery of the industry chain remains slow, and the company's performance is highly dependent on the progress of pandemic control measures[13] - Future performance will be influenced by the duration of the pandemic and the implementation of local control policies[21] - The company is actively monitoring the situation and adapting its strategies in response to external uncertainties and challenges[13] Inventory and Receivables - Accounts receivable decreased to ¥1,167,485,185.98 from ¥1,328,084,313.96, representing a reduction of about 12.1%[24] - Inventory decreased to ¥1,039,855,024.80 from ¥1,167,373,991.01, a decrease of approximately 10.9%[24] Research and Development - Research and development expenses for Q1 2020 were CNY 17,453,469.83, slightly up from CNY 16,983,921.74 in Q1 2019[33]