VITI(SH:603023)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 4,103,911.19, a decrease of 62.71% year-on-year[5] - Operating revenue for the period was CNY 14,884,182.25, down 57.15% compared to the same period last year[5] - Basic earnings per share were CNY 0.01, down 66.67% from CNY 0.03 in the same period last year[5] - Operating revenue fell by 57.15% to ¥14,884,182.25, primarily impacted by the COVID-19 pandemic[14] - Net profit decreased by 62.71% to ¥4,103,911.19, reflecting reduced sales revenue due to the pandemic[14] - Basic earnings per share dropped by 66.67% to ¥0.01, influenced by decreased net profit and increased share capital[14] Cash Flow and Assets - The net cash flow from operating activities was CNY 555,077.98, a significant improvement of 131.18% compared to a negative cash flow of CNY -1,780,312.17 in the previous year[5] - Cash flow from operating activities generated a net cash inflow of ¥555,077.98, compared to a net outflow of ¥1,780,312.17 in Q1 2019[26] - Cash and cash equivalents decreased by 50.39% to ¥22,456,999.67 due to the purchase of trading financial assets during the reporting period[13] - Cash and cash equivalents at the end of Q1 2020 were ¥224,569,949.67, down from ¥293,074,397.13 at the end of Q1 2019[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,585[10] - The largest shareholder, Chen Zhenhua, holds 43.08% of the shares, with 92,664,093 shares pledged[10] Government Support - The company received government subsidies amounting to CNY 4,846,000.00, which are closely related to its normal business operations[8] Investment and Liabilities - The company reported a significant investment cash outflow of ¥444,886,531.00 in Q1 2020, compared to ¥167,107,811.82 in Q1 2019[27] - Total liabilities reached $108,861,122.49, consisting of current liabilities of $35,577,498.91 and non-current liabilities of $73,283,623.58[30] - The company has a total of $73,283,623.58 in bonds payable, reflecting its long-term financing strategy[30] Equity and Assets - Total assets at the end of the reporting period were CNY 827,524,380.29, an increase of 0.41% compared to the end of the previous year[5] - The total equity increased to ¥719,863,066.82 from ¥715,299,643.00 year-over-year[20] - The total equity represents approximately 86.8% of total assets, indicating a strong capital structure[30] Research and Development - Research and development expenses increased to ¥4,037,335.14, up 18.3% from ¥3,412,424.05 in Q1 2019[23] Other Financial Metrics - The company reported a total of CNY 6,925,566.44 in non-recurring gains and losses for the period[8] - Investment income increased by 520.40% to ¥1,548,818.45, driven by higher interest from structured deposits[13] - Other receivables increased by 33.51% to ¥1,179,464.77 due to increased prepaid software service fees[13] - Construction in progress rose by 31.72% to ¥1,138,431.91, reflecting ongoing investments in construction projects[13]