HSGC(SH:600774)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 1,074.73% to -CNY 27,406,101.76, compared to a profit of CNY 2,811,673.22 in the same period last year[6] - Operating revenue fell by 87.45% to CNY 37,124,401.79, primarily due to the impact of COVID-19[11] - The net loss for Q1 2020 was CNY 33,052,395.48, compared to a net loss of CNY 2,694,706.42 in Q1 2019, indicating a worsening financial position[23] - The basic and diluted earnings per share for Q1 2020 were both CNY -0.1208, compared to CNY 0.0124 in Q1 2019, highlighting a significant decline in profitability[23] - The company reported a total comprehensive loss of ¥16,631,401.47 for Q1 2020, compared to a comprehensive income of ¥8,340,962.04 in Q1 2019[26] Cash Flow - Cash flow from operating activities was -CNY 10,809,960.28, indicating a negative cash flow situation[6] - Operating cash flow for Q1 2020 was a net outflow of ¥10,809,960.28, compared to a net outflow of ¥9,124,742.81 in Q1 2019[26] - Cash inflow from operating activities totaled ¥142,686,559.43 in Q1 2020, a decrease of 60.54% from ¥361,476,729.92 in Q1 2019[27] - Cash paid for purchasing goods and services decreased by 61.23% to ¥106,195,128.10 from ¥273,933,215.63 year-on-year[15] - Cash paid for other operating activities decreased by 57.13% to ¥14,130,851.34 from ¥32,960,615.06 year-on-year[15] Assets and Liabilities - Total assets increased by 2.90% to CNY 1,733,829,006.36 compared to the end of the previous year[6] - Total liabilities increased to ¥1,017,824,784.64 from ¥935,905,533.48 year-on-year[19] - Current liabilities increased to CNY 439,872,921.80 from CNY 371,282,596.09, indicating a rise in short-term financial obligations[21] - The company's total equity decreased to CNY 624,213,698.11 from CNY 640,845,099.58, reflecting a decline in shareholder value[22] - The company’s total current liabilities were 642,630,829.25 RMB, with short-term borrowings at 150,177,530.00 RMB[32] Shareholder Information - The number of shareholders reached 9,198, with the largest shareholder holding 35.01% of the shares[9] - Shareholders' equity totaled $640,845,099.58, with paid-in capital at $226,948,002.00 and retained earnings at $202,198,962.15[37] Investment and Financing - The company reported a significant decrease in investment income by 80.71% to CNY 178,942.72, impacted by reduced profits from investment projects[11] - Cash received from borrowings increased by 71.43% to ¥84,000,000.00 from ¥49,000,000.00 year-on-year[15] - The company raised ¥84,000,000.00 through borrowings in Q1 2020, compared to ¥49,000,000.00 in Q1 2019, indicating increased reliance on debt financing[27] Operational Performance - The company reported an operating loss of CNY 32,949,297.08 for Q1 2020, compared to an operating profit of CNY 10,747,995.43 in Q1 2019, indicating a shift in operational performance[23] - Total operating costs for Q1 2020 were CNY 70,388,883.22, down from CNY 285,983,050.87 in Q1 2019, reflecting a significant reduction in expenses[22] Changes in Financial Reporting - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[29]