SHHDKJ(SH:603192)2020-04-24 16:00Financial Performance - Operating revenue fell by 31.25% to CNY 211,489,155.83 year-on-year[5] - Net profit attributable to shareholders decreased by 29.49% to CNY 17,588,559.92 compared to the same period last year[5] - Basic and diluted earnings per share both decreased by 32.00% to CNY 0.17[5] - The company's operating revenue for Q1 2020 was RMB 211,489,155.83, a decrease of 31.25% compared to RMB 307,621,946.65 in Q1 2019[14] - Net profit for Q1 2020 was CNY 19,955,409.69, a decline of 33.6% compared to CNY 30,031,534.36 in Q1 2019[26] - Operating profit for Q1 2020 was CNY 20.84 million, down 28.14% from CNY 28.98 million in the same period last year[31] - Net profit for Q1 2020 was CNY 18.10 million, a decline of 30.12% compared to CNY 25.85 million in Q1 2019[32] - The total comprehensive income for Q1 2020 was CNY 18.10 million, a decrease of 30.12% from CNY 25.85 million in Q1 2019[32] Assets and Liabilities - Total assets decreased by 8.42% to CNY 1,565,045,565.90 compared to the end of the previous year[5] - The company's cash and cash equivalents decreased by RMB 68,612,707.53, representing a decline of 46.72% compared to the previous year[13] - The company's total liabilities decreased by RMB 140,500,000.00, a drop of 48.06% compared to the previous year[13] - Total assets as of March 31, 2020, were CNY 1,499,963,428.95, down from CNY 1,656,220,947.59 at the end of 2019[24] - Total liabilities decreased to CNY 290,298,372.07 from CNY 465,339,648.62 year-over-year[24] - Current liabilities decreased to CNY 336,395,880.30 from CNY 498,467,993.60, indicating improved liquidity[19] Cash Flow - Cash flow from operating activities improved by 36.70%, reaching -CNY 69,599,194.92[5] - The net cash flow from operating activities decreased by CNY 69,599,194.92, a reduction of 36.70% compared to the same period last year[16] - Investment activities generated a net cash flow of CNY 22,885,338.35, an increase of 225.36% year-over-year[16] - Financing activities produced a net cash flow of CNY 71,089,771.37, up 154.52% compared to the previous year[16] - The total cash inflow from investment activities was ¥148,237,039.35, while cash outflow was ¥125,351,701.00, resulting in a net cash flow of ¥22,885,338.35 for Q1 2020[35] - Cash inflow from financing activities amounted to ¥110,971,063.96, with cash outflow of ¥39,881,292.59, leading to a net cash flow of ¥71,089,771.37[38] Shareholder Information - The total number of shareholders reached 12,305 at the end of the reporting period[10] - The largest shareholder, Shanghai Huide Enterprise Group Co., Ltd., holds 35.62% of the shares[10] Revenue Recognition - The implementation of the new revenue recognition standards began on January 1, 2020, as mandated by the Ministry of Finance[42] - The company experienced a 100% reclassification of contract liabilities due to the implementation of new revenue recognition standards[14] - The company began implementing the new revenue recognition standards from January 1, 2020, as mandated by the Ministry of Finance[46] Other Financial Metrics - The weighted average return on equity decreased by 0.87 percentage points to 1.46%[5] - Government subsidies recognized during the period amounted to CNY 379,431.43[7] - Non-recurring gains and losses totaled CNY 134,888.87 for the reporting period[8] - The company reported a significant decrease in fair value changes of structured deposits, amounting to CNY -612,707.53, a decline of 171% year-over-year[15] - The company reported a credit impairment loss of CNY 3.42 million in Q1 2020, compared to a reversal of CNY 1.76 million in Q1 2019[31]