YOFC(SH:601869)2020-04-28 16:00Financial Performance - Operating revenue decreased by 23.42% to CNY 1,224,338,757 year-on-year[10] - Net profit attributable to shareholders was CNY -7,174,583, a significant decline from CNY 253,418,943 in the same period last year[10] - Basic and diluted earnings per share were both CNY -0.01, compared to CNY 0.33 in the same period last year[10] - Total operating revenue for Q1 2020 was 1,224,338,757 RMB, a decrease of 23.4% compared to 1,598,780,588 RMB in Q1 2019[27] - Net loss for Q1 2020 was 9,396,939 RMB, compared to a net profit of 246,288,766 RMB in Q1 2019[28] - The company's gross profit margin decreased to 1.5% in Q1 2020 from 9.0% in Q1 2019[27] - Total comprehensive income for Q1 2020 was a loss of CNY 7,485,184, compared to a gain of CNY 197,059,083 in Q1 2019[30] Cash Flow - Cash flow from operating activities improved to CNY -274,937,756 from CNY -378,768,963 year-on-year[10] - Cash outflow from operating activities decreased by RMB 103.83 million year-on-year, mainly due to reduced payment amounts during the pandemic[18] - Cash inflow from financing activities increased by RMB 165.57 million year-on-year, primarily due to increased borrowing to supplement working capital[18] - Cash flow from operating activities showed a net outflow of CNY 274,937,756, an improvement from a net outflow of CNY 378,768,963 in Q1 2019[31] - The net cash flow from operating activities in Q1 2020 was CNY -511,448,464, compared to CNY -35,474,821 in Q1 2019, indicating a significant decline[34] - Cash inflow from financing activities in Q1 2020 was CNY 745,953,163, a substantial increase from CNY 357,558,000 in Q1 2019[34] Assets and Liabilities - Total assets increased by 3.68% to CNY 14,282,340,157 compared to the end of the previous year[10] - Non-current liabilities rose to ¥5,233,764,220, compared to ¥4,833,766,828, indicating an increase of about 8.3%[23] - Current liabilities totaled ¥4,115,463,334, an increase from ¥3,769,250,605, reflecting a growth of approximately 9.2%[22] - Total liabilities increased by approximately 8.3% to ¥5,233,764,220 compared to the previous period[23] - Shareholders' equity totaled ¥9,048,575,937, up from ¥8,942,132,767, indicating a growth of about 1.2%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,969[12] - The largest shareholder, China Huaxin Post and Telecommunications Technology Co., Ltd., held 179,827,794 shares, representing a significant portion of the equity[12] Operational Challenges - The company has not disclosed any new product developments or market expansion strategies in this report[10] - Operating revenue decreased by 23.42% compared to the same period last year, primarily due to a reduction in new sales orders caused by the COVID-19 pandemic[18] - The overall industry demand level is under pressure due to strict nationwide pandemic control measures affecting construction activities[19] Research and Development - Research and development expenses for Q1 2020 were 56,095,425 RMB, a decrease of 33.4% from 83,948,083 RMB in Q1 2019[27] - Research and development expenses for Q1 2020 were CNY 36,176,073, down 37.5% from CNY 57,805,691 in Q1 2019[29]