Luxin Co.,(SH:600783)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -30,377,401.71, a decrease of 155.03% year-on-year[12]. - Operating revenue for the period was CNY 19,273,545.40, down 64.24% compared to the same period last year[12]. - Basic earnings per share were CNY -0.04, a decrease of 157.14% year-on-year[12]. - The company's operating profit for Q1 2020 was a loss of ¥42,588,472.49, contrasting with a profit of ¥78,343,441.02 in Q1 2019[44]. - Net profit for Q1 2020 was a loss of ¥31,300,046.76, compared to a profit of ¥57,014,452.30 in Q1 2019, indicating a significant decline[46]. - Total comprehensive income for Q1 2020 was a loss of ¥18,940,504.60, compared to a gain of ¥42,574,417.98 in Q1 2019[46]. - The total comprehensive income for Q1 2020 was -9,805,249.14 RMB, compared to -18,542,566.39 RMB in Q1 2019[52]. Revenue and Costs - Revenue dropped by 64.24% to ¥1,927.35 million compared to ¥5,389.31 million in the previous year[21]. - Operating costs decreased by 61.15% to ¥1,527.45 million from ¥3,931.26 million year-over-year[21]. - Total operating revenue for Q1 2020 was ¥19,273,545.40, a decrease of 64.3% compared to ¥53,893,103.98 in Q1 2019[44]. - Total operating costs for Q1 2020 were ¥65,369,880.77, down from ¥81,899,047.59 in Q1 2019, reflecting a reduction of 20.2%[44]. Cash Flow - The net cash flow from operating activities was CNY -30,932,869.68, compared to CNY -62,045,677.31 in the same period last year[12]. - Cash flow from operating activities for Q1 2020 was -30,932,869.68 RMB, compared to -62,045,677.31 RMB in Q1 2019, indicating a reduced cash outflow[55]. - Cash flow from financing activities increased by ¥71,600.00 million, leading to a net cash flow of ¥35,057.39 million[23]. - The net cash flow from financing activities was 113,889,816.96 CNY in Q1 2020, recovering from a negative cash flow of -304,786,393.62 CNY in Q1 2019[59]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,038,501,342.60, an increase of 5.48% compared to the end of the previous year[12]. - Total liabilities increased to ¥2,328,367,380.58 from ¥1,995,641,504.36, representing a rise of about 16.7%[34]. - The company's equity attributable to shareholders decreased to ¥3,626,060,877.00 from ¥3,644,078,736.55, a reduction of about 0.5%[34]. - Total current assets increased to ¥1,850,607,158.35 as of March 31, 2020, up from ¥1,572,185,606.64 on December 31, 2019, representing a growth of approximately 17.7%[29]. - The total assets as of Q1 2020 amounted to 5,724,715,970.98 CNY, remaining stable compared to the previous year[61]. Shareholder Information - The total number of shareholders at the end of the reporting period was 44,408[18]. - The largest shareholder, Shandong Luxin Investment Holdings, held 69.57% of the shares[18]. Investment Income - Investment income increased by 147.16% to CNY 57,057,327.36 compared to the previous year[12]. - Investment income rose by 147.16% to ¥5,705.73 million compared to ¥2,308.53 million in the previous year[23]. - The company reported investment income of ¥57,057,327.36 in Q1 2020, an increase from ¥23,085,261.51 in Q1 2019[44]. Other Income and Expenses - Government subsidies recognized in the current period amounted to CNY 17,022,029.42[15]. - Other income increased significantly by 11,066.89% to ¥1,675.72 million, primarily due to the transfer of control of a subsidiary[23]. - Financial expenses for Q1 2020 were ¥20,981,593.94, compared to ¥15,949,317.69 in Q1 2019, reflecting an increase of 31.5%[44]. - The company’s tax expenses for Q1 2020 were -¥11,001,889.16, compared to ¥21,328,419.07 in Q1 2019[46].