山东出版(601019) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 138,318,035.55, down 36.41% year-on-year[6]. - Operating revenue for the period was CNY 1,539,771,933.00, representing an 11.94% decrease compared to the same period last year[6]. - Basic earnings per share decreased by 30.00% to CNY 0.07[7]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was CNY 106,684,671.18, down 45.77% year-on-year[6]. - The company's net profit for Q1 2020 was CNY 184,351,785.21, compared to CNY 255,561,673.52 in Q1 2019, indicating a decline of 27.8%[27]. - The total profit for Q1 2020 was CNY 136,554,756.27, down from CNY 217,390,762.85 in Q1 2019, representing a decline of 37.1%[30]. - The company's operating profit for Q1 2020 was CNY 136,463,222.06, down from CNY 221,803,307.90 in Q1 2019, a decline of 38.5%[30]. - The company reported a comprehensive loss of CNY 48,986,321.19 for Q1 2020, compared to a loss of CNY 2,028,321.19 in Q1 2019[26]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY -638,174,758.72, a decline of 114.29% year-on-year[6]. - The cash flow from operating activities in Q1 2020 was CNY 824,675,416.70, a decrease from CNY 1,292,265,772.80 in Q1 2019[36]. - The total cash inflow from operating activities was CNY 950,721,169.37, a decrease of 38.0% compared to CNY 1,535,991,506.92 in Q1 2019[38]. - The total cash outflow from operating activities was CNY 1,588,895,928.09, down from CNY 1,833,807,099.31 in the same period last year, resulting in a net cash flow from operating activities of -CNY 638,174,758.72[38]. - The company reported a net increase in cash and cash equivalents of -CNY 639,794,784.91 for Q1 2020, compared to -CNY 519,150,072.39 in Q1 2019[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,112,875,472.80, a decrease of 0.21% compared to the end of the previous year[6]. - The total liabilities decreased to CNY 3,945,443,984.57 from CNY 4,105,135,461.39[19]. - Accounts receivable increased by 36.07% to CNY 2,069,737,368.89 from CNY 1,521,137,418.04 due to delayed collections caused by the pandemic[12]. - Short-term borrowings rose by 91.82% to CNY 84,087,695.65 from CNY 43,836,392.17, primarily due to changes in the subsidiary's letter of credit[12]. - Total current assets amounted to RMB 11,626,751,709.34 as of January 1, 2020[47]. - Total liabilities reached RMB 5,388,651,335.97 as of January 1, 2020[49]. - The company's equity attributable to shareholders was CNY 10,848,092,205.89, up from CNY 10,759,977,170.34 at the end of 2019, reflecting an increase of 0.8%[25]. Shareholder Information - The total number of shareholders at the end of the reporting period was 55,572[9]. - The largest shareholder, Shandong Publishing Group Co., Ltd., held 76.81% of the shares[9]. Government Support - Government subsidies recognized in the current period amounted to CNY 11,225,816.40[7]. Financial Ratios - The weighted average return on equity was 1.28%, down 0.95 percentage points from the previous year[6]. - The financial expenses decreased by 66.37% to -CNY 2,960,628.27, mainly due to increased foreign exchange losses[13]. - The company reported a significant increase in credit impairment losses by 69.13% to -CNY 83,908,869.89, linked to delayed collections during the pandemic[13]. Outlook and Guidance - The company has not provided any significant guidance or outlook for the upcoming periods[15].