Guangzhou Restaurant(SH:603043)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 12,211,289.53, representing a decline of 73.17% year-on-year[12] - Operating revenue for the period was CNY 533,276,647.92, showing a slight increase of 0.14% compared to the same period last year[12] - Basic earnings per share were CNY 0.0302, down 73.18% from CNY 0.1126 in the previous year[12] - The weighted average return on net assets decreased to 0.56%, down 1.75 percentage points from 2.31% in the previous year[12] - The total operating revenue for the first quarter of 2020 was CNY 85,090,378.55, a decrease of 59.0% compared to CNY 207,937,090.90 in the same period of 2019[50] - The operating profit for the first quarter of 2020 was a loss of CNY 21,743,333.77, compared to a profit of CNY 38,901,550.47 in the first quarter of 2019[50] - The net profit for the first quarter of 2020 was a loss of CNY 17,008,977.91, while the net profit for the same period in 2019 was CNY 29,117,696.88[50] - The total comprehensive income for the first quarter of 2020 was CNY -17,008,977.91, compared to CNY 29,117,696.88 in the first quarter of 2019[52] Cash Flow - The net cash flow from operating activities was CNY -85,147,040.50, compared to CNY -41,265,974.51 in the same period last year[12] - Cash inflow from operating activities for Q1 2020 was CNY 543,889,178.83, an increase from CNY 521,219,043.78 in Q1 2019, representing a growth of approximately 4.8%[53] - Cash outflow from operating activities totaled CNY 629,036,219.33 in Q1 2020, compared to CNY 562,485,018.29 in Q1 2019, indicating an increase of about 11.8%[56] - Cash inflow from investment activities was CNY 3,215.00 in Q1 2020, significantly lower than CNY 403,421,802.06 in Q1 2019, reflecting a decline of over 99.2%[56] - Cash outflow from investment activities was CNY 44,025,078.71 in Q1 2020, compared to CNY 203,852,467.16 in Q1 2019, a decrease of approximately 78.4%[56] - Cash inflow from financing activities was CNY 100,237,574.84 in Q1 2020, while cash outflow was CNY 434,128.18, resulting in a net cash flow of CNY 99,803,446.66[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,896,330,984.38, a decrease of 1.22% compared to the end of the previous year[12] - Total liabilities decreased to ¥671.14 million from ¥720.39 million, a reduction of approximately 6.8%[32] - Total assets reached ¥2.16 billion, up from ¥2.12 billion, indicating a growth of 1.01%[40] - Total liabilities reached RMB 720,388,861.25, with current liabilities at RMB 650,837,323.47 and non-current liabilities at RMB 69,551,537.78[66] - The company has a contract liability of RMB 108,261,534.15, reflecting prepayments received from customers[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,365[21] - The largest shareholder, Guangzhou Municipal Government State-owned Assets Supervision and Administration Commission, held 67.70% of the shares[21] Research and Development - Research and development expenses rose by 54.82% to ¥11,406,246.74, reflecting increased investment in R&D projects[24] - Research and development efforts are ongoing, aimed at introducing innovative technologies and products in the upcoming quarters[73] Government Support - Government subsidies recognized in the current period amounted to CNY 5,367,940.71[15] - Other income surged by 312.27% to ¥5,367,940.71, mainly due to an increase in government subsidies related to income[24] Future Outlook - Future outlook remains positive, with expectations for growth in both revenue and user engagement[73] - The company is exploring potential mergers and acquisitions to enhance market position, though details were not specified[73]