SAFETY(SH:603028)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 111,647,889.73, a decrease of 17.09% year-on-year[6] - Net profit attributable to shareholders was CNY 2,863,084.83, down 41.20% from the same period last year[6] - Basic earnings per share decreased by 50.00% to CNY 0.01[6] - Total operating revenue for Q1 2020 was ¥111,647,889.73, a decrease of 17.1% compared to ¥134,657,000.42 in Q1 2019[26] - Net profit for Q1 2020 was ¥2,863,084.83, a decline of 41.2% from ¥4,869,165.93 in Q1 2019[28] - Total profit for Q1 2020 was ¥3,363,093.00, down 45.0% from ¥6,112,969.96 in Q1 2019[26] - Total comprehensive income for Q1 2020 was CNY 2,209,459.86, a decrease from CNY 3,094,382.27 in Q1 2019[32] Cash Flow - Net cash flow from operating activities was negative CNY 47,233,497.30, a decline of 332.53% compared to the previous year[6] - Cash received from sales of goods and services was CNY 127,168,479.55, up from CNY 121,839,221.32 in Q1 2019, reflecting a growth of approximately 2.7%[32] - Cash outflow for purchasing goods and services was CNY 143,188,413.86, significantly higher than CNY 66,095,616.16 in Q1 2019, indicating increased operational costs[32] - Cash flow from financing activities generated a net cash inflow of CNY 14,476,325.01, compared to CNY 11,314,315.59 in Q1 2019, showing an increase of about 28.5%[33] - The company reported a net cash decrease of CNY 33,981,175.28 for the quarter, contrasting with an increase of CNY 27,628,628.93 in Q1 2019[33] Assets and Liabilities - Total assets decreased by 3.30% to CNY 849,340,567.22 compared to the end of the previous year[6] - Total assets decreased from ¥878,319,669.96 to ¥849,340,567.22, a decline of approximately 3.4%[20] - Total current assets decreased from ¥312,948,560.03 to ¥288,802,801.32, a decline of about 7.7%[24] - Total liabilities decreased from ¥168,988,537.76 to ¥136,035,492.34, a decline of around 19.5%[21] - Current liabilities decreased from ¥159,067,731.54 to ¥126,038,368.91, a reduction of about 20.8%[20] - Non-current liabilities decreased from ¥9,920,806.22 to ¥9,997,123.43, an increase of approximately 0.8%[21] - Owner's equity increased from ¥709,331,132.20 to ¥713,305,074.88, an increase of about 0.6%[21] Shareholder Information - The number of shareholders reached 16,011 by the end of the reporting period[9] - The top shareholder, Suzhou Wuzhong Rongtai Holdings Co., Ltd., held 28.91% of the shares[10] Government Support - The company received government subsidies amounting to CNY 1,476,557.33 related to normal business operations[7] Inventory and Expenses - The company’s inventory increased to ¥171,765,362.61 from ¥160,454,382.80, reflecting a rise in stock levels[19] - The company reported a significant decrease in sales expenses, which rose to ¥3,426,602.59 from ¥3,070,724.69 in the previous year, reflecting an 11.6% increase[26] - Research and development expenses for Q1 2020 were ¥3,411,624.78, a decrease of 14.7% from ¥4,002,442.25 in Q1 2019[26] - Financial expenses significantly reduced to ¥5,474.21 from ¥2,018,848.44 in the previous year[26] Future Outlook - The company anticipates potential impacts on its financial condition and operating results due to the ongoing COVID-19 pandemic[13] - The company has adopted new revenue and leasing standards starting from 2020, which may impact future financial reporting[37]