SXBN(SH:600831)2020-04-29 16:00Financial Performance - Operating revenue decreased by 23.09% to CNY 568,839,464.98 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 164.95% to CNY -28,402,070.82 compared to the same period last year[6] - Basic earnings per share decreased by 163.49% to CNY -0.040 per share compared to the same period last year[6] - The company reported a revenue of 568.84 million yuan, a year-on-year decrease of 23.09%[15] - The net profit attributable to shareholders was -28.40 million yuan, representing a decline of 164.95% compared to the previous year[15] - Basic earnings per share were -0.040 yuan, down 163.49% year-on-year[15] - Net profit for Q1 2020 was a loss of ¥29,921,930.09, compared to a profit of ¥39,804,087.16 in Q1 2019, indicating a significant decline[35] - Operating revenue for Q1 2020 was CNY 370.94 million, a decrease of 15.06% compared to CNY 436.75 million in Q1 2019[36] Cash Flow and Liquidity - Cash flow from operating activities improved by 38.06% to CNY -21,452,960.76 compared to the same period last year[6] - Cash flow from operating activities showed a net outflow of -21.45 million yuan, an improvement from -34.73 million yuan in the previous period[15] - Cash flow from investing activities had a net outflow of -58.02 million yuan, significantly reduced from -262.92 million yuan[15] - The company reported a significant increase in cash and cash equivalents by 50.28% to CNY 965,393,328.50 due to increased bank loans[13] - The ending cash and cash equivalents balance was 960.26 million yuan, a 147.39% increase from the previous period[15] - Cash and cash equivalents at the end of Q1 2020 increased to CNY 960.26 million, up from CNY 388.15 million at the end of Q1 2019[42] - Financing activities generated a net cash inflow of CNY 402.04 million in Q1 2020, a significant increase from CNY 35.20 million in Q1 2019[41] Assets and Liabilities - Total assets increased by 5.45% to CNY 8,644,492,217.66 compared to the end of the previous year[6] - Total liabilities as of March 31, 2020, were approximately 4.94 billion RMB, compared to approximately 4.47 billion RMB at the end of 2019[29] - The company's total assets reached approximately 8.64 billion RMB, up from approximately 8.20 billion RMB at the end of 2019[29] - Total liabilities rose to ¥4,412,168,316.17 in Q1 2020, compared to ¥3,957,683,649.12 in Q1 2019, marking an increase of 11.43%[33] - The total assets amounted to ¥8,197,516,915.60, with current assets totaling ¥2,731,967,138.25 and non-current assets at ¥5,465,549,777.35[47] - The total liabilities were reported at ¥4,473,177,584.57, with current liabilities of ¥3,387,385,787.11 and non-current liabilities of ¥1,085,791,797.46[48] Shareholder Information - The number of shareholders reached 72,584 at the end of the reporting period[10] - The company's equity attributable to shareholders was approximately 3.64 billion RMB, slightly down from approximately 3.66 billion RMB at the end of 2019[29] - Shareholders' equity totaled $3.38 billion, comprising paid-in capital of $708.85 million and retained earnings of $783.03 million[52] Investments and Projects - The company invested 291.10 million yuan in the "Qinling Cloud" integration business system project, with a remaining balance of 512.77 million yuan in raised funds[20] - The company decided to use up to 240 million RMB of idle raised funds for cash management, with 180 million RMB remaining in investment products by the end of the reporting period[21] - The company temporarily supplemented working capital with 300 million RMB of idle raised funds, which was fully returned to the special account by March 30, 2020[22] Future Outlook - The company anticipates a potential net loss for the year up to the next reporting period due to the inability of new business momentum to offset the decline in traditional business[23]