GGITG(SH:601086)2020-04-29 16:00Financial Performance - Operating revenue fell by 74.41% to CNY 203,856,979.84 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 70.82% to CNY 12,631,374.86 year-on-year[6] - Basic earnings per share fell by 71.43% to CNY 0.02[6] - The company's operating revenue for Q1 2020 was CNY 203.86 million, a decrease of 74.41% compared to CNY 796.63 million in the same period last year[13] - Net profit for Q1 2020 was CNY 12,631,374.86, a decline of 70.8% from CNY 43,295,141.76 in Q1 2019[27] - The company's net profit for the year is expected to show significant changes compared to the previous year, with a warning issued regarding potential losses[16] - The company's total comprehensive income for Q1 2020 was a loss of ¥8,589,044.97, compared to a loss of ¥3,890,685.78 in Q1 2019[29] Cash Flow - Cash flow from operating activities turned negative with a net outflow of CNY 74,375,630.05, a decrease of 246.87% compared to the previous year[6] - The cash flow from operating activities decreased by CNY 125.02 million, a decline of 246.87% compared to the previous year[15] - The cash flow from operating activities for Q1 2020 was a net outflow of ¥74,375,630.05, contrasting with a net inflow of ¥50,642,035.01 in Q1 2019[30] - The total cash and cash equivalents at the end of Q1 2020 were ¥620,171,522.96, down from ¥925,496,670.36 at the end of Q1 2019[31] - The total cash and cash equivalents at the end of the period decreased to 425,589,476.44 RMB from 473,581,143.57 RMB at the beginning of the period, reflecting a net decrease of 47,991,667.13 RMB[33] Assets and Liabilities - Total assets decreased by 5.37% to CNY 2,617,016,537.95 compared to the end of the previous year[6] - The company's total assets as of March 31, 2020, were CNY 2.62 billion, down from CNY 2.77 billion at the end of 2019[19] - Total liabilities decreased to CNY 822.72 million from CNY 951.80 million year-on-year[21] - Total liabilities as of March 31, 2020, were CNY 686,164,853.13, down from CNY 706,466,259.89 at the end of 2019[24] - The total assets amounted to 2,765,468,036.53 RMB, with current assets totaling 999,800,867.89 RMB and non-current assets at 1,765,667,168.64 RMB[36] - The total liabilities were reported at 951,803,411.35 RMB, with current liabilities comprising 790,551,864.07 RMB[37] Shareholder Information - The number of shareholders reached 31,867 by the end of the reporting period[8] - Employee compensation payable decreased by CNY 10.06 million, down 91.89%, primarily due to the distribution of year-end bonuses[20] Investments and Capital - The cash flow from investing activities increased by CNY 28.01 million, up 81.35%, mainly due to reduced investment in the Lehuohui project[15] - The company’s investment in long-term equity investments was recorded at 88,102,039.48 RMB, reflecting ongoing strategic investments[36] - The company holds investment properties valued at $196,553,946.16 and fixed assets worth $234,392,454.63[41] Changes in Accounting Standards - The company has implemented new revenue and lease standards starting from 2020, which may impact future financial reporting[33] - The company executed new revenue and lease standards, impacting the profit and loss statement significantly[43] - The company has not reported any impact from the new revenue standards on the balance sheet[43]