GZCBN(SH:600996)2021-07-04 16:00Financial Performance - Net profit attributable to shareholders was CNY -122,430,508.25, representing a decline of 319.88% year-on-year[15] - Operating revenue for the period was CNY 541,504,489.49, down 15.18% from the same period last year[15] - The company reported a net profit excluding non-recurring gains and losses of CNY -127,241,229.90, a decline of 352.19% year-on-year[15] - Net profit for Q1 2020 was a loss of ¥123,034,030.75, representing a decline of 325.55% compared to a profit of ¥54,548,701.98 in Q1 2019, also due to the effects of the COVID-19 pandemic[19] - Total comprehensive income for Q1 2020 was a loss of CNY 122.62 million, compared to a gain of CNY 57.50 million in Q1 2019[35] - The company reported an operating loss of ¥123,905,609.69 for Q1 2020, compared to an operating profit of ¥54,698,342.05 in Q1 2019[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,786,563,904.99, a decrease of 1.99% compared to the end of the previous year[15] - Total liabilities decreased to CNY 10,073,192,740.90 from CNY 10,244,103,965.99, a reduction of approximately 1.67% year-over-year[29] - Current assets decreased to CNY 4,354,554,204.34 from CNY 4,889,264,967.90, representing a decline of about 10.9%[28] - Cash and cash equivalents dropped to CNY 714,004,618.34 from CNY 1,200,230,929.30, a decrease of approximately 40.5%[28] - Long-term receivables increased by 31.60% to ¥1,191,726,578.14 from ¥905,560,071.52, mainly due to increased installment collections from contracted engineering projects[19] - Total assets as of March 31, 2020, were ¥14,786,563,904.99, a decrease from ¥15,086,813,870.65 as of December 31, 2019[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,483[17] - The largest shareholder, Guizhou Broadcasting Film and Television Investment Co., Ltd., held 42.15% of the shares[17] Cash Flow - The net cash flow from operating activities was CNY 54,662,810.78, a significant improvement from CNY -27,378,573.88 in the previous year[15] - The net cash flow from operating activities improved by ¥82,041,384.66, resulting in a positive cash flow of ¥54,662,810.78 in Q1 2020, compared to a negative cash flow of ¥27,378,573.88 in Q1 2019[19] - Cash inflow from financing activities in Q1 2020 was CNY 462.03 million, a decrease from CNY 1.42 billion in Q1 2019, representing a decline of approximately 67.5%[38] - The net cash flow from financing activities in Q1 2020 was negative at CNY 79.75 million, contrasting with a positive inflow of CNY 2.66 billion in Q1 2019[38] Equity and Earnings - Basic earnings per share were CNY -0.12, compared to CNY 0.05 in the same period last year, a decrease of 340%[15] - Total equity decreased to CNY 4,611,916,384.77 from CNY 4,734,506,539.41, a decline of about 2.6%[29] - The company reported a decrease in undistributed profits to CNY 1,510,804,149.59 from CNY 1,633,427,484.04, a reduction of approximately 7.5%[29] Operational Costs - Total operating costs increased to ¥662,568,316.36, up 14.5% from ¥578,669,336.09 in the same period last year[30] - Research and development expenses decreased to ¥7,225,716.41, down 77.5% from ¥32,037,194.32 in Q1 2019[30] Government Support - The company received government subsidies amounting to CNY 7,867,755.18, which are closely related to its normal business operations[15] Future Outlook - The company anticipates potential losses for the year due to ongoing impacts from the COVID-19 pandemic, although specific guidance was not provided[21]