WANXIN MEDIA(SH:601801)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders was ¥218,972,322.12, representing a decrease of 24.03% year-on-year[11]. - Operating revenue for the period was ¥1,756,324,215.86, down 27.46% from the same period last year[11]. - Basic and diluted earnings per share were both ¥0.11, down 21.43% from the previous year[11]. - The company reported a loss of ¥1,583,622.53 from the disposal of fixed assets during the period[11]. - Net profit attributable to shareholders decreased significantly due to the impact of COVID-19 on various business operations, including book distribution and logistics services[17]. - Total operating revenue for Q1 2020 was ¥1,756,324,215.86, a decrease of 27.4% compared to ¥2,421,154,730.59 in Q1 2019[41]. - Net profit for Q1 2020 was ¥218,882,192.43, a decline of 24.5% from ¥290,102,240.87 in Q1 2019[43]. - Total comprehensive income for Q1 2020 was 44,225,223.94, compared to 83,194,986.76 in Q1 2019, showing a reduction of approximately 46.80%[49]. Cash Flow - Net cash flow from operating activities was -¥304,767,047.77, a significant decline of 1,924.83% compared to the previous year[11]. - Cash received from sales of goods and services dropped by 46.71% to CNY 880,375,821.79, reflecting the adverse effects of the pandemic[20]. - Cash flow from operating activities in Q1 2020 was -304,767,047.77, compared to -15,051,477.02 in Q1 2019, reflecting a significant decrease in cash flow[52]. - Cash inflow from operating activities totaled 941,744,763.59 in Q1 2020, down from 1,744,972,240.98 in Q1 2019, a decrease of approximately 46%[52]. - The net cash flow from operating activities for Q1 2020 was ¥23,398,236.74, a decrease of 59.3% compared to ¥57,495,210.04 in Q1 2019[55]. - The net cash flow from investment activities was -¥46,647,031.54, showing an improvement from -¥72,635,742.40 in Q1 2019[55]. - The net cash flow from financing activities was -¥345,604,250.43, compared to -¥3,084,702.95 in the same period last year[57]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥14,159,480,103.95, an increase of 0.60% compared to the end of the previous year[11]. - Non-current liabilities rose to ¥218,238,514.79 from ¥152,871,999.21, representing an increase of about 42.7%[30]. - Current liabilities decreased to ¥3,082,072,722.73 from ¥3,282,129,290.36, showing a decline of approximately 6.1%[29]. - Total liabilities decreased to ¥3,300,311,237.52 from ¥3,435,001,289.57, a decline of approximately 3.9%[30]. - Owner's equity increased to ¥10,859,168,866.43 from ¥10,640,271,873.99, representing a growth of about 2.1%[30]. - Total current assets amounted to ¥10,478,105,014.95, unchanged from the previous year[59]. - Total liabilities amounted to approximately $3.44 billion, with current liabilities at $3.28 billion and non-current liabilities at $152.87 million[61]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,189[16]. - The largest shareholder, Anhui Xinhua Publishing (Group) Holding Co., Ltd., held 54.95% of the shares[16]. Inventory and Receivables - Accounts receivable increased by 88.58% to CNY 1,836,023,953.12, primarily due to delays in collection caused by the pandemic[20]. - Inventory decreased by 42.62% to CNY 858,485,155.76, as sales were realized during the reporting period[20]. - Other receivables increased to ¥983,064,443.99 from ¥898,614,259.44, reflecting a growth of about 9.4%[35]. - Inventory decreased to ¥11,432,112.82 from ¥14,127,084.69, a decline of about 19.1%[35]. Government Support and Innovation - The company received government subsidies amounting to ¥1,769,245.16, primarily related to cultural industry development[11]. - The company implemented innovative service models, such as online distribution and live streaming, to adapt to the challenges posed by the pandemic[17]. - The company expects gradual recovery in revenue and profitability as the pandemic situation improves and operations return to normal[17].