xilinmen(SH:603008)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -54,316,316.01, a decline of 331.38% year-on-year[12] - Operating revenue fell by 13.58% to CNY 724,693,924.09 compared to the same period last year[12] - Basic earnings per share were CNY -0.14, down 333.33% from CNY 0.06 in the previous year[12] - Net profit for Q1 2020 was a loss of ¥54,409,632.26, compared to a profit of ¥26,276,247.75 in Q1 2019, representing a significant decline[46] - The net profit for the first quarter of 2020 was -43,884,981.88 RMB, compared to a profit of 36,090,497.91 RMB in the same period of 2019, indicating a significant decline[52] - Operating profit for the first quarter of 2020 was -49,268,334.11 RMB, down from 38,108,082.97 RMB year-over-year[52] Cash Flow - Net cash flow from operating activities was CNY -296,008,890.57, a decrease of 303.28% year-on-year[12] - Cash flow from operating activities for Q1 2020 was -296,008,890.57 RMB, compared to -73,400,112.65 RMB in Q1 2019, reflecting a worsening cash flow situation[56] - Total cash inflow from operating activities was 695,612,053.74 RMB, down from 1,020,273,297.04 RMB in the previous year, showing a decrease of approximately 31.8%[56] - Cash outflow from operating activities totaled 991,620,944.31 RMB, compared to 1,093,673,409.69 RMB in Q1 2019, a decrease of about 9.3%[56] - Cash flow from investing activities was -44,625,639.96 RMB in Q1 2020, compared to -36,815,126.35 RMB in Q1 2019, indicating increased investment losses[58] - Cash flow from financing activities generated a net inflow of 84,458,570.27 RMB, contrasting with a net outflow of -51,628,798.13 RMB in the same quarter of the previous year[58] Assets and Liabilities - Total assets decreased by 5.89% to CNY 6,265,653,467.64 compared to the end of the previous year[12] - Total liabilities decreased from ¥3,781,340,878.98 to ¥3,441,332,546.67, a reduction of approximately 9%[34] - Total equity decreased from ¥2,876,208,205.74 to ¥2,824,320,920.97, reflecting a decline of about 1.8%[36] - Total current assets decreased from ¥2,896,659,614.68 to ¥2,625,697,023.97, a decline of approximately 9.4%[36] - The company reported a total asset decrease from ¥5,453,545,415.05 to ¥5,183,348,054.42, a reduction of approximately 4.9%[40] Shareholder Information - The total number of shareholders was 12,764 at the end of the reporting period[15] - The largest shareholder, Shaoxing Huayi Investment Co., Ltd., held 21.68% of the shares[15] Government Support and Other Income - The company received government subsidies amounting to CNY 10,401,604.55 during the reporting period[14] - Other income increased by 97.55% to ¥10,401,604.55 from ¥5,265,330.05, primarily due to an increase in government subsidies received[22] Expenses - Management expenses rose by 30.29% to ¥59,037,731.69 from ¥45,311,308.33, driven by increased personnel salaries and depreciation[22] - Research and development expenses for Q1 2020 were ¥17,074,376.08, down from ¥20,497,307.51 in Q1 2019, reflecting a 16.8% decrease[46] - Financial expenses for Q1 2020 were ¥22,710,193.86, slightly up from ¥22,402,112.62 in Q1 2019[46] Credit and Impairment - The company experienced a significant increase in credit impairment losses, which rose to ¥8,043,787.68 from ¥14,820,064.38 in the previous year[46] - The company incurred credit impairment losses of 177,543.38 RMB in Q1 2020, compared to 383,732.40 RMB in the same quarter of 2019, indicating a reduction in credit losses[52]