DZH(SH:601519)2020-04-29 16:00Financial Performance - Operating revenue for the period was CNY 104,676,769.70, representing a decline of 22.16% year-on-year[8] - Net profit attributable to shareholders of the listed company was a loss of CNY 38,752,484.05, compared to a loss of CNY 6,808,014.44 in the same period last year[8] - Basic earnings per share were CNY -0.019, compared to CNY -0.003 in the same period last year[8] - The weighted average return on net assets was -2.67%, compared to -0.47% in the previous year[8] - The net profit for the company was reported at -38.75 million, compared to a net loss of -6.81 million in the same period last year, indicating a significant decline in profitability[36] - The net profit attributable to the parent company was -38.75 million, compared to -6.81 million in the same quarter last year, showing a worsening financial position[38] - The total comprehensive income attributable to the parent company was -34.87 million, compared to -13.10 million in the previous year, indicating a decline in overall financial health[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,881,996,164.07, a decrease of 8.23% compared to the end of the previous year[8] - The company has a total asset of CNY 1,881,996,164.07, down from CNY 2,050,809,340.47 in the previous period[20] - The company has a total liability of CNY 356,932,724.18, down from CNY 490,846,161.38 in the previous period[20] - Total liabilities decreased to CNY 448,583,534.64 from CNY 582,526,744.53, a reduction of about 22.9%[32] - The company's total equity attributable to shareholders decreased to CNY 1,433,412,629.43 from CNY 1,468,282,595.94, a decline of approximately 2.4%[32] Cash Flow - Net cash flow from operating activities was negative CNY 171,530,267.26, a decrease of 144.48% compared to the previous year[8] - The net cash flow from operating activities for Q1 2020 was -171,530,267.26 RMB, compared to 385,620,745.97 RMB in Q1 2019[47] - Total cash inflow from operating activities was 239,833,476.27 RMB, while cash outflow was 411,363,743.53 RMB, resulting in a net cash flow deficit[47] - The cash flow from investment activities showed a net outflow of -49,475,836.55 RMB in Q1 2020, compared to a net inflow of 65,581,032.70 RMB in Q1 2019[47] - The net cash increase in cash and cash equivalents for the period was -127,570,933.59 RMB, compared to an increase of 363,145,009.00 RMB in the previous period[53] Shareholder Information - The top shareholder, Zhang Changhong, holds 704,792,657 shares, representing 35.46% of the total shares[10] - The total number of shareholders at the end of the reporting period was 180,807[10] Revenue Recognition and Adjustments - The company has recognized a contract liability of CNY 148,355,431.91 due to adjustments in new revenue recognition standards[16] - The company implemented new revenue recognition standards starting January 1, 2020, affecting the classification of prepayments to contract liabilities[59] - The company reclassified "prepayments" to "contract liabilities" in accordance with the new revenue recognition standards effective January 1, 2020[66] - The company has adjusted its revenue recognition policy, leading to a significant reduction in advance receipts, which decreased by 93.83% to CNY 8,219,925.64 from CNY 133,209,409.98[16] Expenses - The total operating cost for the period was approximately 143.17 million, an increase from 138.57 million in the previous period, reflecting a rise of about 4%[36] - The company reported a significant increase in sales expenses, which rose by 28.89% to CNY 28,033,670.15 from CNY 21,750,799.01[16] - The company experienced a significant increase in sales expenses, which rose to 28.03 million from 21.75 million, marking an increase of approximately 29%[36] - Research and development expenses increased to 25.16 million, up from 24.57 million, representing a growth of approximately 2.5%[36] Government Support - The company received government subsidies amounting to CNY 641,265.87 during the period[8]