SG(SH:600734)2020-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 126,381,655.10, a decline of 65.41% year-on-year[12] - Net profit attributable to shareholders of the listed company was CNY -63,220,084.90, representing a decrease of 79.42% compared to the same period last year[12] - Basic earnings per share were CNY -0.1016, down 79.82% from CNY -0.0565 in the previous year[12] - The company's gross profit margin for Q1 2020 was approximately -50.7%, compared to -27.5% in Q1 2019[44] - Net profit for Q1 2020 was -¥63,410,348.33, compared to -¥35,236,606.02 in Q1 2019, indicating a worsening loss[46] - The total comprehensive income for Q1 2020 was -¥81,393,485.09, compared to -¥35,049,574.31 in Q1 2019[46] Cash Flow - Net cash flow from operating activities was CNY -96,130,045.73, a decline of 104.74% year-on-year[12] - The net cash flow from operating activities was negative at -¥96,130,045.73, a decline of 104.74% compared to -¥46,951,175.31[22] - Cash flow from operating activities for Q1 2020 was -96,130,045.73 million RMB, worsening from -46,951,175.31 million RMB in Q1 2019[54] - The company's total cash outflow from operating activities was 391,151,694.05 million RMB in Q1 2020, compared to 1,129,304,959.13 million RMB in Q1 2019[54] - The net increase in cash and cash equivalents for Q1 2020 was -2,698,999.63 RMB, compared to -398,359.87 RMB in Q1 2019[59] Assets and Liabilities - Total assets decreased by 8.79% to CNY 2,391,613,773.15 compared to the end of the previous year[12] - The total current assets decreased to ¥1,368,611,239.42 from ¥1,595,711,083.92, indicating a decline in overall asset liquidity[29] - The total liabilities decreased from ¥3,094,520,109.66 to ¥2,945,371,963.03, reflecting a decline of around 4.8%[34] - Current liabilities decreased from ¥3,009,610,163.28 to ¥2,862,145,378.81, a decrease of approximately 4.9%[32] - The company's total equity attributable to shareholders decreased from -¥472,275,598.48 to -¥553,478,820.14, reflecting a decline of about 16.5%[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 58,377[16] - The largest shareholder, Beijing Angzhan Technology Development Co., Ltd., held 36.71% of the shares, totaling 228,466,407 shares[16] Government Support and Other Income - The company reported a government subsidy of CNY 3,162,486.83 related to normal business operations[15] - The company experienced a net loss from non-operating income and expenses totaling CNY -11,305.56[15] Research and Development - Research and development expenses decreased by 41.52% to ¥20,760,388.73 from ¥35,499,016.50, indicating reduced investment in R&D[20] - Research and development expenses in Q1 2020 were ¥20,760,388.73, a decrease of 41.7% from ¥35,499,016.50 in Q1 2019[44] Financial Position - The company's cash and cash equivalents decreased by 64.67% to ¥76,194,186.60 from ¥215,664,551.91 due to loan repayments[20] - The company's intangible assets decreased from ¥46,582,499.86 to ¥42,112,651.56, a decline of about 9.8%[32] - Deferred income tax assets increased from ¥65,327,556.56 to ¥78,332,521.41, an increase of approximately 19.9%[32]