Jangho(SH:601886)2020-04-28 16:00Financial Performance - Operating revenue fell by 24.00% to CNY 2,320,435,107.72 year-on-year[12] - Net profit attributable to shareholders decreased by 80.72% to CNY 22,141,943.96 compared to the same period last year[12] - Basic earnings per share dropped by 80.00% to CNY 0.02 from CNY 0.10 year-on-year[12] - Net profit decreased by 68.90% to ¥35,800,315.98 from ¥115,100,902.23, primarily due to reduced operational revenue caused by the COVID-19 pandemic[23] - Total operating revenue for Q1 2020 was ¥2,320,435,107.72, a decrease of 24% compared to ¥3,053,378,363.39 in Q1 2019[35] - Net profit for Q1 2020 was ¥35,800,315.98, a decline of 69% from ¥115,100,902.23 in Q1 2019[36] - The company reported a total comprehensive income of -¥205,040,313.50 for Q1 2020, contrasting with ¥241,089,498.57 in Q1 2019[36] Cash Flow - Net cash flow from operating activities was negative at CNY -1,507,910,391.53, compared to CNY -992,638,429.54 in the previous year[12] - Cash flow from operating activities was negative at ¥-1,507,910,391.53, compared to ¥-992,638,429.54 in the previous year[23] - Cash flow from investing activities was negative at ¥-329,782,123.48, compared to ¥-106,625,630.79 in the previous year, primarily due to property purchases[23] - Cash inflow from operating activities totaled approximately ¥3.87 billion, slightly up from ¥3.87 billion in Q1 2019[40] - Cash outflow from operating activities increased to approximately ¥5.38 billion in Q1 2020, compared to ¥4.86 billion in Q1 2019[40] - The net cash flow from operating activities was a negative ¥1.51 billion in Q1 2020, worsening from a negative ¥0.99 billion in Q1 2019[40] - The company reported a net cash outflow from investing activities of ¥29,462,104.78, compared to a net outflow of ¥125,552.41 in the previous period[42] Assets and Liabilities - Total assets decreased by 11.38% to CNY 25,376,208,804.68 compared to the end of the previous year[12] - Total assets decreased to ¥25,376,208,804.68 from ¥28,634,212,470.23[28] - Total liabilities decreased from 19.52 billion to 16.50 billion, a reduction of approximately 15.4%[29] - Current liabilities decreased from 18.69 billion to 15.71 billion, a decline of about 16.0%[29] - Non-current liabilities decreased from 834.67 million to 793.97 million, a decrease of approximately 4.9%[29] - Total equity decreased from 9.11 billion to 8.87 billion, a reduction of about 2.6%[29] - The company’s total current assets were reported at ¥23,233,263,800.15, a decrease of ¥522,777,859.37 from the previous period[43] - The company’s total liabilities rose to ¥19,520,774,585.09, compared to ¥19,050,455,006.22, indicating a decrease of ¥470,319,578.87[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,769[16] - The largest shareholder, Beijing Jangho Holdings Co., Ltd., holds 27.35% of the shares[16] Research and Development - Research and development expenses decreased by 34.26% to ¥65,271,440.33 from ¥99,292,971.75, attributed to delays in work resumption due to the pandemic[23] - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company has not disclosed any new product launches or technological advancements in this report[45] Financial Ratios - The weighted average return on net assets decreased by 1.20 percentage points to 0.29%[12] - Financial expenses decreased by 69.27% to ¥26,206,895.68 from ¥85,281,759.65, mainly due to increased exchange gains[23] - Investment income increased by 57.68% to ¥32,789,581.59 from ¥20,794,676.94, resulting from gains on financial asset disposals[23]