NeuSoft(SH:600718)2020-04-29 16:00Financial Performance - Operating revenue for the period was RMB 906,084,085, representing a decrease of 32.12% year-on-year[7]. - Net profit attributable to shareholders was a loss of RMB 63,909,480, a decline of 1,719.45% compared to the previous year[7]. - Basic earnings per share were RMB -0.05, a decrease of 1,727.93% compared to RMB 0.003 in the previous year[7]. - The weighted average return on equity was -0.77%, down by 0.82 percentage points from 0.05% in the previous year[7]. - The company reported a significant decrease in prepayments, down 97.11% to RMB 18.48 million, due to reclassification under new accounting standards[17]. - Total operating revenue for Q1 2020 was RMB 906,084,085, a decrease of 32% compared to RMB 1,334,848,876 in Q1 2019[43]. - Net profit for Q1 2020 was a loss of RMB 125,322,306, compared to a loss of RMB 60,557,710 in Q1 2019[44]. - The company recorded a total comprehensive income of 34,857,956 RMB in Q1 2020, down from 133,065,378 RMB in Q1 2019, reflecting a significant decline[50]. Cash Flow - The net cash flow from operating activities was RMB -940,634,460, an improvement from RMB -1,315,766,795 in the same period last year[7]. - In Q1 2020, Neusoft reported a net cash flow from operating activities of -940,634,460 RMB, an improvement from -1,315,766,795 RMB in Q1 2019, indicating a 28.5% reduction in cash outflow[51]. - The total cash outflow from operating activities in Q1 2020 was 2,431,391,974 RMB, down from 2,551,309,735 RMB in Q1 2019, reflecting a 4.7% decrease[51]. - Neusoft's cash inflow from investment activities in Q1 2020 was 227,822,097 RMB, compared to 116,845,283 RMB in Q1 2019, representing a 94.8% increase[51]. - The cash flow from financing activities in Q1 2020 resulted in a net outflow of -212,292,371 RMB, compared to a net inflow of 143,620,950 RMB in Q1 2019, showing a shift in financing strategy[51]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 15,266,701,438, an increase of 5.05% compared to the end of the previous year[7]. - Total liabilities increased to CNY 6,894,629,901, up from CNY 5,687,135,220, representing a growth of approximately 21.2% year-over-year[33]. - Current assets rose to CNY 5,990,133,799, compared to CNY 5,233,876,797, reflecting an increase of about 14.5%[37]. - Inventory surged to CNY 3,130,994,533, a significant increase from CNY 1,088,635,953, marking a growth of approximately 187%[37]. - The company's total equity decreased to CNY 7,861,325,817 from CNY 8,239,103,170, a decline of approximately 4.6%[39]. - The total current assets decreased by 1,286,308,023 RMB, from 8,658,454,078 RMB to 7,372,146,055 RMB[57]. - The total liabilities increased by 1,749,602,163 RMB, from 5,687,135,220 RMB to 7,436,737,383 RMB[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 76,503, with the top ten shareholders holding significant stakes[9]. - Dalian Neusoft Holdings Co., Ltd. held 12.38% of the shares, while Northeast University Science and Technology Industry Group Co., Ltd. held 9.99%[9]. Government Support and Subsidies - The company received government subsidies amounting to RMB 64,224,116, primarily related to research projects[9]. - Other income increased by 40,000,000 RMB, a growth of 78.62%, mainly due to an increase in government subsidies and VAT input tax deductions[19]. Future Outlook - Future outlook remains cautious due to the ongoing impact of the COVID-19 pandemic on operations and revenue generation[14].