JHT(SH:603199)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -27,087,180.45, a decrease of 169.89% year-on-year[5] - Operating revenue fell by 83.97% to CNY 21,450,671.22 compared to the same period last year[5] - Basic earnings per share were CNY -0.2447, down 169.89% from CNY 0.3501 in the previous year[5] - The company anticipates a significant decline in cumulative net profit compared to the same period last year due to the impact of COVID-19, with government restrictions affecting travel and tourism demand[18] - In Q1 2020, the company reported a net profit loss of CNY 23,209,285.86 compared to a net profit of CNY 28,006,149.54 in Q1 2019, representing a year-over-year decline of 182.9%[33] - The company reported a total profit loss of CNY 30,600,334.11 in Q1 2020, compared to a profit of CNY 37,696,739.21 in Q1 2019[33] - Total operating revenue for Q1 2020 was ¥21,450,671.22, a decrease of 84.0% compared to ¥133,842,601.38 in Q1 2019[29] - Operating profit for Q1 2020 was a loss of ¥34,134,090.73, compared to a profit of ¥52,183,121.48 in Q1 2019[30] Cash Flow and Assets - Net cash flow from operating activities was CNY -79,361,779.08, a decline of 532.86% year-on-year[5] - Cash and cash equivalents decreased by 55.36% to CNY 76,318,731.36 compared to the beginning of the period[10] - The cash and cash equivalents at the end of Q1 2020 were CNY 76,318,731.36, a decrease from CNY 170,958,714.06 at the beginning of the quarter[36] - The company experienced a total cash outflow from operating activities of CNY 101,636,219.34 in Q1 2020, compared to CNY 113,940,922.88 in Q1 2019[35] - Investment activities resulted in a net cash outflow of CNY 15,278,172.98 in Q1 2020, an improvement from a net outflow of CNY 19,644,490.59 in Q1 2019[36] - Total assets decreased by 6.50% to CNY 1,347,787,799.10 compared to the end of the previous year[5] - Current assets totaled CNY 447,407,147.62, down from CNY 535,788,197.10, indicating a decrease of about 16.4%[21] - Total liabilities decreased to CNY 174,175,855.53 from CNY 241,123,733.01, a reduction of about 27.8%[23] Shareholder Information - The total number of shareholders was 10,926 at the end of the reporting period[8] - The top three shareholders held a combined 61.79% of the shares, indicating significant ownership concentration[9] - The company’s major shareholder, Anhui Jiuhua Mountain Cultural Tourism Group, intends to hold shares long-term and will limit any share reduction to no more than 3% of total shares within two years after the lock-up period[16] Operational Adjustments and Future Outlook - The company plans to strengthen market promotion, strictly control costs, and seek favorable policy support to mitigate the adverse effects of the pandemic[18] - Long-term, the company expects that the pandemic will not have a major negative impact on its core competitiveness, with potential recovery in tourism demand once the situation improves[18] - The company is prepared for a potential recovery in the tourism sector, which may lead to a release of pent-up demand once the pandemic is under control[18] Financial Management and Compliance - The company has committed to maintaining the independence of its operations, including financial independence and asset control, to ensure the integrity of its business[16] - The company has established a complete financial accounting system to ensure independent financial operations and compliance with tax obligations[16] - The company emphasizes the importance of adhering to market principles and fair pricing in all transactions to protect its interests and those of its shareholders[16] - The company is focused on maintaining its financial health without the impact of new accounting standards[46] - There were no adjustments made to prior comparative data, ensuring clarity in financial reporting[46]