新华文轩(601811) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 1,488,264,946.40, down 12.93% year-on-year [5] - Net profit attributable to shareholders was CNY 156,241,572.60, a decrease of 27.85% compared to the same period last year [5] - Basic earnings per share were CNY 0.13, down 27.78% from CNY 0.18 in the previous year [5] - Operating profit for Q1 2020 was CNY 157,647,666.76, compared to CNY 215,359,839.86 in Q1 2019, indicating a decline of 26.83% [24] - Net profit for Q1 2020 was CNY 151,874,836.51, down from CNY 221,198,398.56 in Q1 2019, representing a decrease of 31.25% [24] - The total comprehensive income for Q1 2020 was -63,647,468.16 CNY, a significant drop from 485,016,472.62 CNY in Q1 2019 [25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,226,026,237.31, a decrease of 0.64% compared to the end of the previous year [5] - Total liabilities decreased to ¥6,169,707,379.25 from ¥6,204,537,146.31, showing a decline of approximately 0.56% [19] - Current liabilities totaled ¥5,688,411,493.50, slightly down from ¥5,737,649,720.92, a reduction of about 0.86% [19] - The company's total equity as of March 31, 2020, was ¥9,056,318,858.06, down from ¥9,119,966,326.22, reflecting a decrease of about 0.70% [19] Cash Flow - The net cash flow from operating activities was CNY 21,376,495.19, a significant improvement from a negative CNY 78,888,827.41 in the same period last year [5] - The net cash flow from operating activities for Q1 2020 was ¥21,376,495.19, a significant improvement compared to a net outflow of ¥78,888,827.41 in Q1 2019 [28] - Total cash inflow from operating activities decreased to ¥1,493,729,606.55 in Q1 2020, down from ¥1,642,052,950.19 in Q1 2019, representing a decline of approximately 9.06% [28] - The net cash flow from investing activities was negative at -¥22,957,746.65 in Q1 2020, contrasting with a positive net cash flow of ¥19,884,334.71 in Q1 2019 [29] - The ending balance of cash and cash equivalents was ¥3,445,326,818.24 at the end of Q1 2020, compared to ¥2,501,041,216.97 at the end of Q1 2019, reflecting an increase of approximately 37.69% [29] Expenses and Income - The company recognized credit impairment losses of CNY 62,405,900, a substantial increase from CNY 16,328,900 in the previous year, primarily due to delays in sales collections caused by the COVID-19 pandemic [6] - R&D expenses decreased by 34.47% to ¥388,006.12 as investment in education informatization decreased compared to the same period last year [12] - Financial expenses decreased by 619.34% to -¥9,758,586.92 due to an increase in interest income from bank deposits [12] - Other income decreased by 88.89% to ¥3,673,058.19 mainly due to delays in VAT refund claims affected by the COVID-19 pandemic [12] - Investment income increased significantly to ¥10,171,429.16 from a loss of -¥10,539,621.21 in the previous year due to profit growth from an associated company [12] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,211 [8] - The largest shareholder, Sichuan Xinhua Publishing Group Co., Ltd., held 49.17% of the shares [8]