JSCN(SH:600959)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was ¥5.77 million, down 93.01% year-on-year[12]. - Operating revenue for the period was ¥1.64 billion, representing an 8.15% decrease compared to the same period last year[12]. - Basic earnings per share decreased by 94.00% to ¥0.0012[12]. - The company’s net profit after deducting non-recurring gains and losses was -¥39.01 million, a decrease of 195.72% year-on-year[12]. - The net profit attributable to shareholders of the listed company decreased by 93.01% to ¥5,766,885.02 compared to the previous year, primarily due to a decline in operating income[21]. - The total comprehensive income for Q1 2020 was CNY 11,853,842.97, down from CNY 86,182,717.50 in Q1 2019, reflecting a decline in overall profitability[46]. - Net profit for Q1 2020 was CNY 11,853,842.97, a significant decline of 86.2% from CNY 86,182,717.50 in Q1 2019[44]. - The net profit for Q1 2020 was -46,822,312.92 CNY, compared to a profit of 44,785,256.26 CNY in Q1 2019, indicating a significant decline[47]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥32.41 billion, a decrease of 0.52% compared to the end of the previous year[12]. - Total liabilities decreased from 10,249,213,275.59 to 10,068,151,009.16, a reduction of approximately 1.76%[33]. - Current liabilities decreased from 9,352,455,621.07 to 9,174,684,251.51, a decrease of about 1.91%[33]. - Total equity increased from 22,333,403,839.63 to 22,345,257,682.60, reflecting a growth of approximately 0.05%[33]. - The total assets of the company decreased slightly to ¥32,413,408,691.76 from ¥32,582,617,115.22 in the previous year[31]. - The total cash and cash equivalents at the end of the period amounted to $1.90 billion, down from $2.10 billion at the beginning of the period, reflecting a net decrease of $199.55 million[57]. - The total current assets reached approximately $7.91 billion, with inventory valued at $849.97 million[59]. - The total liabilities amounted to approximately $10.25 billion, with current liabilities totaling $9.35 billion[62]. Cash Flow - Net cash flow from operating activities increased by 42.02% to ¥388.88 million compared to the previous year[12]. - The net cash flow from operating activities was 388,879,256.29 CNY, up from 273,819,233.14 CNY in Q1 2019, reflecting improved operational efficiency[53]. - Cash inflow from operating activities totaled 2,241,977,581.53 CNY, an increase from 2,167,532,036.12 CNY in the previous year[53]. - Cash outflow from investing activities was 1,153,410,038.10 CNY, compared to 582,524,146.13 CNY in the same period last year, indicating increased investment activity[53]. - The net cash flow from investing activities was -620,669,983.61 CNY, slightly worse than -580,590,126.13 CNY in Q1 2019[53]. - Cash inflow from financing activities was 42,000,000.00 CNY, up from 38,000,000.00 CNY in the previous year[55]. - The net cash flow from financing activities was 15,539,988.77 CNY, a recovery from -52,188,741.41 CNY in Q1 2019[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 127,740[17]. - The largest shareholder, Jiangsu Broadcasting Television Information Network Investment Co., held 14.01% of the shares[17]. - Total equity attributable to shareholders increased from 21,614,124,652.49 to 21,619,891,537.51, a slight increase of approximately 0.03%[33]. Research and Development - Research and development expenses decreased by 47.76% to ¥1,924,485.16, indicating a reduction in R&D activities in the first quarter[21]. - Research and development expenses for Q1 2020 were CNY 1,924,485.16, a decrease of 47.8% from CNY 3,684,123.11 in Q1 2019[41]. Investment Income - The company reported a non-operating income of ¥44.77 million from non-current asset disposal gains[15]. - Investment income rose significantly by 335.57% to ¥12,321,930.62, driven by increased investment returns[23]. - The company reported an investment income of CNY 12,321,930.62 for Q1 2020, compared to CNY 2,828,933.80 in Q1 2019, showing a significant increase[41].