MYL(SH:600993)2020-04-24 16:00Financial Performance - Operating revenue for the first quarter was CNY 335,170,839.54, representing a decrease of 45.05% year-on-year[11] - Net profit attributable to shareholders was CNY 109,372,598.66, down 17.67% from the same period last year[11] - Basic earnings per share decreased by 19.35% to CNY 0.25 from CNY 0.31 in the previous year[11] - The net profit after deducting non-recurring gains and losses was CNY 86,976,491.79, a decrease of 21.17% year-on-year[11] - Total operating revenue for Q1 2020 was $335.17 million, a decrease of 45% compared to $609.96 million in Q1 2019[48] - Net profit for Q1 2020 was $103.64 million, a decline of 20% from $130.11 million in Q1 2019[48] - The company’s total profit for Q1 2020 was RMB 133.80 million, down 15.6% from RMB 158.49 million in Q1 2019[54] Cash Flow - Net cash flow from operating activities was CNY 4,790,460.17, a significant decline of 83.37% compared to CNY 28,802,787.00 in the previous year[11] - Cash flow from operating activities in Q1 2020 was RMB 4.79 million, significantly lower than RMB 28.80 million in Q1 2019[60] - Cash inflow from operating activities for Q1 2020 was ¥223,991,842.55, a decrease of 40.1% compared to ¥374,248,274.97 in Q1 2019[66] - Net cash flow from operating activities for Q1 2020 was ¥57,731,258.68, down 34.0% from ¥87,586,834.95 in Q1 2019[66] - Cash inflow from investment activities for Q1 2020 was ¥458,126,812.37, an increase of 36.3% compared to ¥335,997,659.00 in Q1 2019[66] - Investment activities in Q1 2020 resulted in a net cash outflow of RMB 124.42 million, contrasting with a net inflow of RMB 1.65 million in Q1 2019[60] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,443,782,215.97, an increase of 4.82% compared to the end of the previous year[11] - The company's financial assets increased by 257.01% to CNY 336,723,300.00, attributed to the purchase of short-term bank wealth management products[21] - The company's accounts receivable rose by 37.40% to CNY 115,935,100.30, mainly due to an increase in sales receivables[21] - The company reported a significant increase in financial income, with interest income rising by 502.61% to CNY 5,330,239.94, driven by increased deposits[24] - Total liabilities amounted to approximately $704.87 million, an increase from $650.49 million, reflecting a rise of about 8.3%[35] - Total liabilities increased to $472.34 million in Q1 2020 from $388.99 million in the previous year, reflecting a growth of 21.4%[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,464[17] - The largest shareholder, China Baoan Group Co., Ltd., held 29.27% of the shares, amounting to 126,163,313 shares[17] Fair Value and Investment Income - The company recorded a fair value change gain of CNY 90,967,889.90, an increase of 338.56%, due to market price fluctuations of securities[24] - The company reported a significant increase in fair value gains, reaching $90.97 million in Q1 2020 compared to $20.74 million in Q1 2019[48] - The company's investment income showed a drastic decline of 1056.52%, resulting in a loss of CNY 61,925,581.44, mainly due to the disposal of held stocks[24] Compliance and Accounting Standards - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial statement adjustments[86] - The company has not made adjustments to comparable period data following the implementation of new accounting standards[86] - The company’s financial report indicates a significant focus on compliance with updated accounting regulations[86]