Bohai Ferry (SH:603167)2020-04-22 16:00Financial Performance - Net profit attributable to shareholders was a loss of approximately CNY 52.79 million, a decrease of 128.93% year-on-year[5] - Operating revenue for the period was approximately CNY 206.82 million, down 44.70% compared to the same period last year[5] - The net cash flow from operating activities was negative CNY 14.82 million, a decline of 108.50% year-on-year[5] - Basic and diluted earnings per share were both CNY -0.11, a decrease of 128.95% compared to CNY 0.38 in the previous year[5] - The company anticipates a cumulative net profit decline of approximately 90% year-on-year due to the impact of COVID-19 and reduced government subsidies[17] - The net loss for Q1 2020 was ¥50,579,538.18, compared to a net profit of ¥189,940,794.67 in Q1 2019, indicating a significant decline in profitability[30] - The total profit (loss) for Q1 2020 was a loss of ¥19.81 million, compared to a profit of ¥221.09 million in Q1 2019[32] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 5.36 billion, a slight increase of 0.27% compared to the end of the previous year[5] - Total current assets decreased from CNY 1,502,389,168.15 on December 31, 2019, to CNY 964,700,635.31 on March 31, 2020, a decline of approximately 35.7%[21] - Total non-current assets increased from CNY 3,846,827,051.50 to CNY 4,398,832,448.49, an increase of about 14.3%[22] - Total liabilities increased from CNY 1,794,467,152.49 to CNY 1,837,822,034.05, reflecting a rise of approximately 2.4%[23] - Long-term borrowings rose from CNY 891,407,320.30 to CNY 937,268,477.50, an increase of about 5.1%[23] - Total equity decreased from CNY 3,554,749,067.16 to CNY 3,525,711,049.75, a decline of approximately 0.8%[23] - The total liabilities as of March 31, 2020, amounted to ¥1,266,905,043.08, slightly down from ¥1,282,037,682.56 at the end of 2019[26] Cash Flow - The company reported a net cash outflow from operating activities of CNY -14,824,945.00 in Q1 2020, a decline of 108.50% from CNY 174,339,831.29 in Q1 2019[15] - Operating cash flow for Q1 2020 was negative at ¥14.82 million, down from positive cash flow of ¥174.34 million in Q1 2019[36] - The net cash flow from financing activities was -¥107,228,102.25, an improvement from -¥163,200,170.91 in Q1 2019, reflecting better cash management[40] - Total cash inflow from operating activities reached ¥1,036,944,086.53, up from ¥525,288,982.63 in the same period last year, marking a 96.9% increase[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,253[10] - The largest shareholder, Liaoyu Group Co., Ltd., held 183,158,705 shares, representing 38.74% of the total shares[10] Government Support - The company received government subsidies related to normal business operations amounting to CNY 2.17 million[7] Other Financial Metrics - The weighted average return on equity decreased by 6.79 percentage points to -1.57%[5] - The company reported a significant increase in non-recurring losses, with a total impact of CNY 3.11 million on current profits[8] - Financial expenses surged by 226.44% from CNY -17,633,541.64 to CNY 22,296,038.23, primarily due to higher exchange losses compared to the same period last year[14] - The company reported a significant increase in financial expenses, totaling ¥22,296,038.23 in Q1 2020, compared to a financial income of -¥17,633,541.64 in Q1 2019[29]