ELIANSH(SH:600836)2020-04-29 16:00Revenue and Profitability - Total revenue for Q1 2020 reached RMB 1,391,957,155.17, a significant increase of 413.58% compared to RMB 271,029,995.14 in the same period last year[5] - Net profit attributable to shareholders was RMB 231,040,507.89, compared to a loss of RMB 15,318,942.12 in Q1 2019, marking a substantial turnaround[5] - The company's operating revenue for Q1 2020 was approximately ¥1.39 billion, an increase of 413.58% compared to the same period last year[13] - The net profit for Q1 2020 reached approximately ¥258 million, a significant increase of 1624.51% compared to the previous year[13] - Operating profit for Q1 2020 was ¥299,819,954.17, compared to a loss of ¥15,415,531.11 in Q1 2019, indicating a turnaround in profitability[32] - Net profit for Q1 2020 was ¥257,964,208.20, a substantial recovery from a net loss of ¥16,921,136.54 in the same period last year[32] Assets and Liabilities - The company's total assets decreased by 33.04% to RMB 2,135,465,978.94 from RMB 3,189,057,685.71 at the end of the previous year[5] - Total assets amounted to CNY 2,135,465,978.94, a decrease from CNY 3,189,057,685.71 as of December 31, 2019[26] - Current assets decreased to CNY 926,320,446.97 from CNY 1,955,089,991.77, with cash and cash equivalents dropping to CNY 126,996,747.61 from CNY 188,652,564.28[24] - Total liabilities decreased to CNY 1,082,482,539.39 from CNY 2,376,163,292.22, reflecting a reduction in both current and non-current liabilities[26] - Total liabilities decreased to ¥462,911,494.34 in Q1 2020 from ¥650,181,646.77 in Q1 2019, reflecting a reduction of approximately 29%[30] Cash Flow - The net cash flow from operating activities was negative at RMB -74,605,658.51, a decline of 255.45% compared to RMB 47,993,292.40 in the same period last year[5] - The company reported a decrease in cash flow from operating activities of ¥124.6 million compared to the previous year, mainly due to reduced pre-sale housing funds[15] - Cash inflows from operating activities in Q1 2020 were CNY 234,484,383.19, a decline of 46.3% from CNY 436,921,279.92 in Q1 2019[35] - Net cash outflow from operating activities was CNY 74,605,658.51, compared to a net inflow of CNY 47,993,292.40 in the same period last year[36] - Cash inflows from financing activities were CNY 70,098,883.85, down from CNY 105,430,000.00 in Q1 2019[36] Shareholder Information - The number of shareholders reached 53,651, with the largest shareholder, Shanghai Jielong Group Co., Ltd., holding 27.23% of the shares[8] - The company completed the transfer of 27.23% of its shares to a new controlling entity, with a transaction value of ¥1.4 billion[16] - Shareholders' equity increased to ¥1,157,494,180.47 in Q1 2020, up from ¥1,024,719,670.35 in Q1 2019, marking an increase of about 12.9%[30] Receivables and Inventory - The company reported a significant increase in accounts receivable, which rose by 91.57% to RMB 350,846,954.01 from RMB 183,140,948.56[11] - The company’s inventory decreased by 81.05% to RMB 267,370,927.67 from RMB 1,410,673,539.67, indicating a significant reduction in stock levels[11] - The company reported a significant drop in inventory from CNY 1,410,673,539.67 to CNY 267,370,927.67, which may indicate a strategic shift or improved sales[24] Investment and Expenses - Investment income increased to approximately ¥215 million, a rise of 88546.59% year-over-year, primarily due to the transfer of subsidiary equity[14] - The company’s tax expenses increased significantly to approximately ¥42 million, a rise of 2586.05% due to increased income[14] - Research and development expenses for Q1 2020 were ¥1,984,342.24, down from ¥3,238,116.56 in Q1 2019, indicating a reduction of approximately 38.8%[31] Future Outlook - The company plans to continue focusing on asset management and optimizing its financial structure in the upcoming quarters[10] - The company predicts a turnaround in cumulative net profit for the year compared to the same period last year, primarily due to investment gains from the transfer of subsidiary equity and increased profits from the real estate segment[20] - There are no indications of market expansion or mergers and acquisitions in the current financial report[20] - The company has not disclosed any new product or technology developments in the current report[20]