Yueda Inv.(SH:600805)2020-04-27 16:00Financial Performance - Operating revenue for the first quarter was CNY 416,306,849.91, a decrease of 38.48% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 204,387,014.91, compared to a profit of CNY 27,244,887.20 in the same period last year[5] - Basic and diluted earnings per share were both CNY -0.24, compared to CNY 0.03 in the same period last year[5] - The weighted average return on net assets decreased by 3.80 percentage points to -3.35%[5] - Revenue for Q1 2020 decreased by 38.48% year-on-year to CNY 416.31 million, primarily due to the impact of the COVID-19 pandemic[10] - Operating profit for Q1 2020 was a loss of CNY 224.99 million, compared to a profit of CNY 29.00 million in Q1 2019[22] - The company reported a net loss of ¥223,095,003.27 for Q1 2020, compared to a net profit of ¥20,390,520.22 in Q1 2019, indicating a significant decline in profitability[23] - The company’s total comprehensive income for Q1 2020 was -¥155,590,568.15, compared to ¥35,404,691.56 in Q1 2019, reflecting a substantial drop in overall financial health[25] Cash Flow - Net cash flow from operating activities was a negative CNY 161,136,414.98, worsening from a negative CNY 104,236,063.39 in the previous year[5] - Cash flow from operating activities decreased to a net outflow of CNY 161.14 million, reflecting reduced cash receipts from core business operations[11] - The company experienced a cash outflow from operating activities of ¥161,136,414.98 in Q1 2020, worsening from a cash outflow of ¥104,236,063.39 in Q1 2019[28] - The cash inflow from operating activities was 27,297,946.23 RMB, up from 13,768,104.47 RMB in Q1 2019, representing a growth of 98%[31] - The ending cash and cash equivalents balance for Q1 2020 was 142,046,412.05 RMB, slightly up from 139,067,795.85 RMB in Q1 2019[32] Assets and Liabilities - Total assets decreased by 2.26% to CNY 10,360,360,105.81 compared to the end of the previous year[5] - Net assets attributable to shareholders decreased by 3.36% to CNY 6,002,476,183.23 compared to the end of the previous year[5] - Total liabilities amounted to CNY 3.26 billion, down from CNY 3.35 billion at the end of 2019[20] - Long-term investments decreased to CNY 8.39 billion from CNY 8.50 billion at the end of 2019[19] - Cash and cash equivalents were CNY 142.05 million, significantly down from CNY 280.77 million at the end of 2019[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,301[7] - The largest shareholder, Jiangsu Yueda Group Co., Ltd., held 272,246,562 shares, accounting for 32.00% of the total shares[7] Government Support and Other Income - The company received government subsidies amounting to CNY 7,255,696.44 during the quarter[6] - Other income fell by 45.86% to CNY 6.08 million, mainly due to a reduction in government subsidies related to daily activities[10] Investment Performance - Investment income dropped by CNY 114.08 million, with significant declines from Dongfeng Yueda Kia and Jiangsu Jinghu[10] - The company reported a significant investment loss of CNY 114.08 million in Q1 2020, compared to a gain of CNY 89.60 million in Q1 2019[22] - The company reported a significant investment loss of ¥114,809,726.67 in Q1 2020, contrasting with a gain of ¥90,190,459.59 in Q1 2019, reflecting adverse investment conditions[24] Operational Costs - Operating costs decreased by 31.36% to CNY 408.28 million, attributed to reduced business volume across subsidiaries[10] - Total operating costs for Q1 2020 were CNY 533.31 million, down 28.7% from CNY 747.89 million in Q1 2019[22]