GuangYuYuan(SH:600771)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 51.89% to CNY 27,573,010.12, primarily due to a 17.10% decline in operating revenue[11] - Operating revenue for the period was CNY 224,906,866.92, down from CNY 271,312,337.59 in the same period last year, a decrease of CNY 46,405,500[11] - Basic and diluted earnings per share fell by 62.50% to CNY 0.06, attributed to an increase in share capital by 13,912,070 shares[11] - The company’s net profit after deducting non-recurring gains and losses decreased by 32.50% to CNY 28,300,739.22[11] - Total profit decreased by 61.04% to CNY 27.64 million, primarily due to a decrease in sales revenue of CNY 46.41 million compared to the previous year[29] - Net profit decreased by 56.23% to CNY 26.89 million, influenced by increased advertising expenses and reduced government subsidies[29] - The company reported a total comprehensive income of CNY 26,892,619.40 for Q1 2020, compared to CNY 61,446,575.03 in Q1 2019, reflecting a significant decline[60] Cash Flow - Net cash flow from operating activities was negative at CNY -96,876,641.76, compared to a positive CNY 11,152,751.53 in the previous year[9] - Operating cash flow net amount decreased by CNY 108.03 million, mainly due to a reduction in cash received from sales[33] - In Q1 2020, the company reported cash inflows from operating activities of approximately ¥185.8 million, a decrease of 47.4% compared to ¥353.2 million in Q1 2019[69] - The net cash flow from operating activities for Q1 2020 was approximately -¥96.9 million, compared to a positive cash flow of ¥11.2 million in Q1 2019[69] - Cash inflows from financing activities in Q1 2020 amounted to approximately ¥176.1 million, compared to ¥301.1 million in Q1 2019[71] - The net cash flow from financing activities for Q1 2020 was approximately ¥93.7 million, a significant improvement from -¥27.9 million in Q1 2019[71] Assets and Liabilities - Total assets increased by 4.88% to CNY 3,710,048,604.14 compared to the end of the previous year[9] - Total liabilities increased to ¥1,241,379,811.47 from ¥1,095,580,771.58, reflecting a growth of approximately 13.3%[41] - Current liabilities totaled ¥1,162,498,775.72, compared to ¥1,056,147,465.83, marking an increase of about 10.1%[41] - The total current assets were reported at ¥533,693,482.13, down from ¥537,399,646.96, showing a decrease of approximately 0.9%[48] - Total liabilities reached ¥1,095,580,771.58 as of January 1, 2020, with current liabilities accounting for ¥1,056,147,465.83[86] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,582[15] - The top shareholder, Xi'an Dongsheng Group Co., Ltd., held 72,864,726 shares, representing a significant portion of the company's equity[15] Expenses - The company reported an increase in advertising expenses by CNY 22,730,200, while government subsidies received decreased by CNY 21,972,100 compared to the previous year[11] - R&D expenses decreased by 48.64% to CNY 61.55 million, mainly due to a slowdown in the progress of certain R&D projects[27] - The company experienced a decrease in sales expenses to CNY 104,635,061.01 in Q1 2020 from CNY 113,015,898.57 in Q1 2019, a reduction of 7.5%[56] Investments - Long-term equity investments increased to ¥8,156,961.07 from ¥6,266,889.38, representing a growth of approximately 30.2% year-over-year[39] - The company invested approximately ¥6.7 million in capital expenditures during Q1 2020, reflecting a strategic focus on long-term growth despite reduced cash flow[71] Equity - The company's equity attributable to shareholders rose to ¥2,384,509,429.19 from ¥2,356,936,419.07, a growth of approximately 1.2%[43] - Total equity as of March 31, 2020, was CNY 2,754,040,622.01, a decrease from CNY 2,757,215,951.38 as of December 31, 2019[52] - The total equity attributable to shareholders was ¥2,356,936,419.07 as of January 1, 2020, showcasing strong financial health[88]