NUPMG(SH:601999)2020-04-24 16:00Financial Performance - Total revenue for the first quarter was CNY 495.53 million, a decrease of 22.86% compared to the same period last year[14]. - Net profit attributable to shareholders was a loss of CNY 16.19 million, representing a decline of 186.80% year-on-year[14]. - The main business revenue was CNY 482.97 million, down 21.64% year-on-year[14]. - Total operating revenue for Q1 2020 was ¥495,534,033.41, a decrease of 22.9% compared to ¥642,362,393.24 in Q1 2019[36]. - Net profit for Q1 2020 was a loss of ¥17,400,568.03, compared to a profit of ¥18,943,811.09 in Q1 2019[36]. - The company reported a basic and diluted earnings per share of -¥0.03 for Q1 2020, compared to ¥0.03 in Q1 2019[37]. - The company attributed the decline in revenue and profit primarily to the impact of the COVID-19 pandemic on its publishing, distribution, and printing operations[14]. Cash Flow and Liquidity - Operating cash flow for the period was a negative CNY 287.57 million, down 30.79% from the previous year[7]. - Cash received from sales and services fell by 54.63% to ¥130,911,318.05, impacted by operational disruptions from the pandemic[21]. - Net cash flow from operating activities decreased by 30.79% to -¥287,570,042.09 due to lower income and collections[21]. - The company recorded a cash inflow of CNY 130,911,318.05 from sales in Q1 2020, significantly lower than CNY 288,563,881.67 in Q1 2019, a decline of about 54%[42]. - The total cash inflow from operating activities was CNY 177,724,440.85 in Q1 2020, down from CNY 325,977,176.87 in Q1 2019, a decline of about 45%[42]. - The company experienced a net cash decrease of CNY -274,255,522.89 in Q1 2020, contrasting with a net increase of CNY 69,574,224.30 in Q1 2019[43]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3.66 billion, a decrease of 0.63% from the end of the previous year[7]. - Total assets amounted to CNY 3,688,051,681.56 as of Q1 2020, with current assets at CNY 2,119,462,657.42 and non-current assets at CNY 1,568,589,024.14[49]. - Total liabilities decreased to ¥1,396,346,364.13 from ¥1,401,544,112.72, indicating a stable financial position[28]. - Total liabilities rose to ¥956,264,695.67 in Q1 2020, compared to ¥919,551,514.29 in Q1 2019, indicating a 4.0% increase[31]. - The total liabilities to equity ratio stands at approximately 0.61, suggesting a moderate level of financial leverage[49]. Shareholder Equity - The net assets attributable to shareholders decreased by 0.75% to CNY 2.24 billion compared to the end of the previous year[7]. - Shareholders' equity reached CNY 2,286,507,568.84, with total equity attributable to the parent company at CNY 2,260,617,243.54[50]. - Owner's equity reached CNY 1,729,145,113.77, including paid-in capital of CNY 550,914,700.00 and retained earnings of CNY 461,105,743.92[54]. Operational Efficiency - The increase in accounts receivable by 77.06% to CNY 727.53 million was due to the delayed collection of spring textbook payments[17]. - The company's inventory increased to ¥43,268,109.89 in Q1 2020 from ¥29,388,752.78 in Q1 2019, reflecting a 47.1% rise[31]. - The cash outflow for purchasing goods and services was CNY 254,570,774.95 in Q1 2020, compared to CNY 334,659,731.79 in Q1 2019, reflecting a reduction of approximately 24%[42]. Other Financial Metrics - Financial expenses increased by 167.1% to -¥4,069,747.69 primarily due to increased deposit interest[19]. - Other income decreased by 41.06% to ¥6,386,150.09 as there were no demolition compensation gains this period[19]. - Investment income dropped by 92.99% to ¥116,825.20 due to reduced financial management income[19]. - Research and development expenses for Q1 2020 were ¥551,057.28, significantly higher than ¥68,286.49 in Q1 2019, indicating a focus on innovation[36].