南宁百货(600712) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue fell by 67.77% to CNY 153,832,731.96 year-on-year[5] - Net profit attributable to shareholders decreased significantly to CNY -39,090,098.47, a decline of 29,879.46% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY -0.0718, reflecting a decrease of 36,000% compared to the previous year[5] - The total profit was CNY -43,843,207.15, a significant decrease of 3,574.91% from CNY 1,261,708.50 in the prior year[15] - The net profit for the period was CNY -39,090,098.47, compared to a profit of CNY 131,265.30 in the same period last year, reflecting a decline of 29,879.46%[15] - Total revenue for Q1 2020 was ¥153.83 million, a decrease of 67.8% compared to ¥477.30 million in Q1 2019[31] - The net profit for Q1 2020 was a loss of ¥39.09 million, compared to a profit of ¥0.13 million in Q1 2019, reflecting a substantial decline in profitability[32] - The total profit for Q1 2020 was a loss of ¥35,167,195.88, compared to a profit of ¥7,536,288.01 in Q1 2019[35] Assets and Liabilities - Total assets decreased by 4.53% to CNY 1,807,366,173.74 compared to the end of the previous year[5] - Deferred tax assets increased by 42.13% to CNY 16,034,636.35 due to court rulings related to a contract dispute[12] - The company reported a significant increase in estimated liabilities by 232.56% to CNY 45,312,994.88, attributed to the same court ruling[12][13] - The total liabilities decreased to CNY 821,330,930.98 from CNY 867,944,307.35 year-on-year[25] - The company reported a significant increase in expected liabilities to CNY 45,312,994.88 from CNY 13,625,603.65 in the previous year[25] - Current liabilities decreased to ¥779.81 million from ¥861.89 million, a reduction of about 9.5%[29] - The company’s total equity decreased to ¥1.22 billion from ¥1.25 billion, reflecting a decline of about 2%[29] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -65,644,248.53, worsening by 184.53% year-on-year[5] - The net cash flow from operating activities was CNY -65,644,248.53, a decline of 184.53% compared to CNY -23,071,125.70 in the previous year[18] - The cash flow from operating activities for Q1 2020 was a net outflow of ¥65,644,248.53, worsening from a net outflow of ¥23,071,125.70 in Q1 2019[38] - The total cash inflow from operating activities in Q1 2020 was ¥203,174,617.80, compared to ¥574,454,323.06 in Q1 2019, showing a significant decline[38] - Cash flow from financing activities increased by 12.51% to CNY 34,791,840.77 compared to CNY 30,923,190.18 in the previous year[18] - Net cash flow from financing activities was $34,791,840.77, an increase of 56.4% compared to the previous period's $22,271,654.71[42] - Cash and cash equivalents decreased to ¥170.65 million from ¥220.98 million, a decline of approximately 22.8%[28] - The net increase in cash and cash equivalents was -$23,218,489.88, contrasting with a positive increase of $24,044,792.99 in the previous period[42] Shareholder Information - The number of shareholders reached 53,359, with the top ten shareholders holding a combined 21.20% of the total shares[9][10] Government Subsidies - The company recognized government subsidies of CNY 6,581,052.55, while other operating income and expenses resulted in a net loss of CNY -31,684,722.16[7] - The company received CNY 6,611,852.73 in non-operating income, primarily from subsidies related to employment stability[16] Cost Management - Operating costs amounted to CNY 103,775,991.91, down 73.09% from CNY 385,695,060.20 year-on-year[15] - The company's operating revenue for Q1 2020 was ¥97,940,176.50, a decrease of 72.7% compared to ¥359,247,729.74 in Q1 2019[34] - The company incurred sales expenses of ¥11,059,619.74 in Q1 2020, down from ¥13,195,934.92 in Q1 2019, indicating a reduction in marketing efforts[34] - The management expenses for Q1 2020 were ¥31,705,876.01, a decrease from ¥44,573,710.29 in Q1 2019, reflecting cost-cutting measures[34] - The company reported interest expenses of ¥2,081,495.11 in Q1 2020, down from ¥3,884,701.08 in Q1 2019, indicating a reduction in debt servicing costs[34]