CBEST(SH:600729)2021-01-08 16:00Financial Performance - Operating revenue for the first quarter was CNY 5,199,558,571.11, representing a decline of 48.11% year-on-year[12] - Net profit attributable to shareholders was CNY 173,414,957.04, down 63.32% from the same period last year[12] - The company reported a basic earnings per share of CNY 0.43, down 62.93% year-on-year[12] - Total operating revenue for Q1 2020 was CNY 5,199,558,571.11, a decrease of 48.2% compared to CNY 10,019,692,023.12 in Q1 2019[45] - Net profit for Q1 2020 was CNY 171,055,216.89, a decline of 64.5% from CNY 481,312,906.32 in Q1 2019[48] - Total profit for Q1 2020 was CNY 213,893,031.28, a decrease of 62.0% compared to CNY 561,933,704.16 in Q1 2019[45] Cash Flow - Net cash flow from operating activities was negative CNY 336,543,001.86, a decrease of 323.65% compared to the previous year[12] - Cash inflow from operating activities totaled approximately ¥8.12 billion in Q1 2020, down from ¥10.26 billion in Q1 2019, reflecting a decrease of about 20.9%[53] - The net cash flow from operating activities was negative at approximately -¥336.54 million in Q1 2020, compared to a positive ¥150.48 million in Q1 2019[53] - The net cash flow from investing activities was approximately ¥178.60 million in Q1 2020, down from ¥523.22 million in Q1 2019, showing a decline of about 65.9%[55] - Cash inflow from financing activities was approximately ¥1.05 billion in Q1 2020, significantly higher than ¥209.76 million in Q1 2019, marking an increase of about 400.0%[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,102,255,213.37, a decrease of 0.30% compared to the end of the previous year[12] - Total liabilities amounted to ¥5,860,320,603.14, compared to ¥5,161,706,735.09, indicating an increase of about 13.5%[42] - Owner's equity reached ¥4,996,422,839.07, up from ¥4,834,431,310.75, reflecting a growth of approximately 3.4%[42] - The total current assets increased to ¥5,792,921,764.07 from ¥4,935,370,353.01, showing a growth of about 17.4%[40] Operational Impact - Short-term borrowings increased by 400.67% to CNY 1,178,163,591.93 due to emergency loans received for epidemic prevention[20] - Prepayments decreased by 42.76% to CNY 588,723,928.83, primarily due to the impact of the pandemic on inventory purchases[20] - Operating costs decreased to ¥3,866,560,186.83, down 52.81% from ¥8,193,393,840.11, also affected by new revenue standards and COVID-19[23] - Research and development expenses decreased to ¥1,095,626.08, down 43.28% from ¥1,931,598.19, due to the pandemic's impact[23] Government Support - The company received government subsidies amounting to CNY 42,218,904.22, which are closely related to its normal business operations[15] - Other income increased significantly to ¥42,532,301.71, up 3029.75% from ¥1,358,966.19, mainly from government subsidies[23]