GOLDENHOME(SH:603180)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders dropped by 66.49% to CNY 6,394,813.60 year-on-year[6] - Operating revenue fell by 3.93% to CNY 267,197,139.11 compared to the same period last year[6] - Basic earnings per share decreased by 65.52% to CNY 0.10[6] - The weighted average return on equity decreased by 1.4 percentage points to 0.53%[6] - The company reported a significant increase in non-recurring losses, with a net loss of CNY 16,494,878.06 after excluding non-recurring items[6] - The comprehensive gross margin decreased by 2.64% to 32.00%, primarily due to adjustments in sales structure[13] - The net profit for Q1 2020 was ¥6,190,834.80, down 67.4% from ¥19,009,726.90 in Q1 2019[30] - The total profit for Q1 2020 was ¥7,039,944.12, a decline of 67.0% from ¥21,335,253.35 in Q1 2019[30] - The company's total comprehensive income for Q1 2020 was ¥6,984,766.31, down 63.0% from ¥18,882,344.37 in Q1 2019[30] Assets and Liabilities - Total assets decreased by 7.32% to CNY 2,480,176,453.49 compared to the end of the previous year[6] - Accounts receivable increased by 35.42% to ¥51,592,533.79, primarily due to credit extended to quality agents for business expansion[12] - Prepayments rose by 36.84% to ¥31,033,541.49, mainly due to increased advance payments for materials and expenses[12] - Other receivables surged by 179.94% to ¥37,624,720.37, attributed to an increase in inter-company transactions[12] - Total assets as of March 31, 2020, were ¥2,021,081,969.19, down from ¥2,113,829,878.16 at the end of 2019[24][25] - Total liabilities as of March 31, 2020, were ¥1,024,744,397.55, a decrease from ¥1,126,842,950.14 at the end of 2019[25] - Current liabilities totaled ¥652,908,727.38, down from ¥792,309,522.03 at the end of 2019, indicating improved liquidity[24] - Total liabilities were reported at ¥1,462,290,950.37, with non-current liabilities accounting for ¥359,525,275.94[43] Cash Flow - Net cash flow from operating activities decreased by 219.91% to -CNY 282,240,766.53[6] - The company's cash and cash equivalents decreased to ¥161,121,612.73 from ¥625,836,290.99 at the end of 2019, reflecting cash flow challenges[23] - The cash inflow from sales of goods and services was CNY 195,111,737.56, a decline of 36.4% from CNY 307,388,585.00 in Q1 2019[36] - The company experienced a net cash decrease of CNY 419,323,419.57 in Q1 2020, compared to a decrease of CNY 104,558,678.67 in Q1 2019[37] - The net cash flow from investment activities was -CNY 186,805,037.39, compared to -CNY 9,217,707.72 in Q1 2019[37] Shareholder Information - The total number of shareholders reached 9,685 at the end of the reporting period[10] - The largest shareholder, Xiamen Jianpan Group Co., Ltd., holds 43.37% of shares, with 29,150,531 shares pledged[10] Research and Development - R&D expenses increased by 16.07% to ¥22,558,899.36, reflecting the company's commitment to product category expansion[13] - Research and development expenses increased to ¥22,558,899.36 in Q1 2020, up 16.5% from ¥19,435,575.56 in Q1 2019[29] Financial Instruments and Capital - The company issued 3.92 million convertible bonds, raising ¥392 million, with the bonds listed on the Shanghai Stock Exchange[14] - The company granted 1,277,690 restricted stocks to 281 incentive targets as part of its 2020 incentive plan[15] Changes in Accounting Standards - The company executed new revenue recognition standards starting January 1, 2020, impacting financial reporting[43] - The company implemented the new revenue recognition standard starting January 1, 2020, affecting financial statement adjustments[48] - The company will adjust relevant financial statement items based on the cumulative impact of the new revenue standard as of the beginning of 2020[48] - The company will not adjust comparative period data in accordance with the new revenue standard[48]