LUYIN INVEST(SH:600784)2020-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 468,840,355.97, representing a 10.32% increase year-on-year[5] - Net profit attributable to shareholders was CNY -5,661,984.03, a decrease of 176.40% compared to the same period last year[5] - The company reported a net profit warning for the upcoming reporting period, indicating potential losses or significant changes compared to the same period last year[13] - Total operating revenue for Q1 2020 was CNY 468,840,355.97, an increase of 10.3% compared to CNY 424,972,443.38 in Q1 2019[24] - Net profit for Q1 2020 was a loss of CNY 6,192,168.94, compared to a profit of CNY 7,275,047.31 in Q1 2019, indicating a significant decline[25] - The company reported a gross profit margin of -5.4% in Q1 2020, down from 1.7% in Q1 2019[25] - The net profit for Q1 2020 was a loss of CNY 16,909,361.47, compared to a loss of CNY 17,938,650.64 in Q1 2019, indicating a slight improvement in losses by about 5.7%[28] - The total comprehensive income for Q1 2020 was a loss of CNY 17,118,672.49, compared to a loss of CNY 19,425,543.15 in Q1 2019, reflecting a reduction in comprehensive losses by approximately 11.9%[28] Cash Flow - The net cash flow from operating activities was CNY 3,986,250.50, a significant recovery from CNY -87,397,510.47 in the previous year[5] - The net cash flow from operating activities for Q1 2020 was CNY 3,986,250.50, a recovery from a negative cash flow of CNY -87,397,510.47 in Q1 2019[31] - Cash inflow from operating activities in Q1 2020 was 18,342,254.82 RMB, down from 66,879,944.15 RMB in Q1 2019, highlighting operational challenges[34] - The cash outflow from operating activities was CNY 553,626,214.06, which is an increase from CNY 483,570,929.64 in Q1 2019, indicating a rise of about 14.5%[31] - The company reported cash inflows from operating activities totaling CNY 557,612,464.56, compared to CNY 396,173,419.17 in Q1 2019, representing an increase of approximately 40.7%[31] - The net cash flow from financing activities for Q1 2020 was CNY 15,500,320.96, a decrease from CNY 966,608,408.74 in Q1 2019, indicating a reduction in financing activities[32] Assets and Liabilities - Total assets increased by 1.57% to CNY 5,371,657,540.65 compared to the end of the previous year[5] - The company's total current assets reached CNY 2,203,681,529.33, up from CNY 2,022,444,890.87 at the end of 2019, indicating an increase of about 8.94%[16] - The total liabilities stood at CNY 3,782,686,143.05, compared to CNY 3,695,000,802.18 at the end of 2019, reflecting a rise of approximately 2.37%[17] - Total liabilities for Q1 2020 amounted to CNY 2,946,417,769.56, compared to CNY 2,742,024,723.00 in Q1 2019, reflecting an increase of 7.4%[22] - The company's equity decreased to CNY 1,295,864,478.80 in Q1 2020 from CNY 1,313,227,661.91 in Q1 2019, a decline of 1.3%[22] Shareholder Information - The number of shareholders reached 37,503, with the largest shareholder holding 23.73% of the shares[9] - The total equity attributable to shareholders was CNY 1,546,850,114.98, down from CNY 1,550,771,654.57, a decrease of approximately 0.16%[18] Research and Development - Research and development expenses rose by 62.02% to CNY 10,936,263.53, attributed to increased salt product development costs[11] - Research and development expenses increased to CNY 10,936,263.53 in Q1 2020, compared to CNY 6,750,056.41 in Q1 2019, marking a rise of 62.4%[25] Operational Changes - The company is actively promoting the deregistration of certain subsidiaries as part of its commitment to streamline operations[12] - The company recorded a significant increase in sales expenses, which rose by 448.09% to CNY 47,139,511.66 due to increased freight costs related to salt sales[11]