aiyingshi(SH:603214)2020-04-22 16:00Financial Performance - Operating revenue for the first quarter was ¥518,980,489.90, a decrease of 4.81% year-on-year[5] - Net profit attributable to shareholders was a loss of ¥597,798.87, a decline of 104.13% compared to a profit of ¥14,475,725.63 in the same period last year[5] - The company reported a weighted average return on equity of 0.87%, down 1.12 percentage points from the previous year[5] - Total operating revenue for Q1 2020 was ¥518,980,489.90, a decrease of 4.4% compared to ¥545,191,885.20 in Q1 2019[24] - Net profit for Q1 2020 was ¥7,936,362.30, a decline of 59.1% from ¥19,422,851.76 in Q1 2019[25] - The company's operating revenue for Q1 2020 was CNY 16,037,735.53, representing a 41.5% increase from CNY 11,320,754.40 in Q1 2019[27] - The net profit for Q1 2020 was CNY 5,627,651.29, up 65.5% from CNY 3,395,633.82 in Q1 2019[28] - The total comprehensive income for Q1 2020 was CNY 5,627,651.29, compared to CNY 3,395,633.82 in Q1 2019[28] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of -¥2,624,032.64, representing a 91.62% increase compared to -¥31,308,376.62 in the previous year[5] - Operating cash flow improved by 91.62%, with a net cash flow of -¥2,624,032.64 compared to -¥31,308,376.62 in the previous period[14] - The company reported a net cash flow from operating activities of CNY -2,624,032.64 for Q1 2020, an improvement from CNY -31,308,376.62 in Q1 2019[30] - Cash inflow from operating activities for Q1 2020 was $19,101,862.95, an increase of 31.5% compared to $14,525,963.39 in Q1 2019[33] - Net cash outflow from operating activities for Q1 2020 was -$19,725,177.49, an improvement from -$257,576,031.61 in Q1 2019[33] - Total cash outflow from operating activities in Q1 2020 was $38,827,040.44, a decrease from $272,101,995.00 in Q1 2019[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,681,775,520.85, an increase of 1.59% compared to the end of the previous year[5] - Total current assets amounted to ¥1,400,989,205.83, a slight increase from ¥1,382,805,116.74 in the previous period[18] - Total liabilities increased to ¥593,007,592.05 from ¥578,716,106.47, reflecting a rise in short-term borrowings[19] - The company's equity attributable to shareholders increased to ¥1,026,660,578.50 from ¥1,013,689,981.93[19] - Total liabilities for Q1 2020 were ¥53,651,026.43, slightly up from ¥52,465,863.69 in Q4 2019[22] Shareholder Information - The number of shareholders at the end of the reporting period was 9,893[9] - The largest shareholder, Shi Qiong, holds 22.59% of the shares, with 23,057,754 shares pledged[9] Expenses - Management expenses increased by 32.52% to ¥16,914,982.62 due to higher equity incentive costs, increased office rent, and costs associated with the launch of an omnichannel system[13] - Financial expenses decreased significantly by 115.80% to ¥195,004.73, primarily due to an increase in short-term borrowings and rising interest expenses[13] - Other income surged by 518.16% to ¥9,771,913.94, mainly from government subsidies received[13] - Total operating costs for Q1 2020 were ¥517,476,241.38, down 1.0% from ¥522,918,711.48 in Q1 2019[24] - The company's sales expenses increased to ¥123,101,047.20 in Q1 2020 from ¥108,476,457.66 in Q1 2019[24] - The company incurred sales expenses of CNY 3,065,289.96 in Q1 2020, which is a 54.3% increase from CNY 1,989,016.62 in Q1 2019[27] Investment Activities - The company’s investment activities resulted in a net cash outflow of CNY -459,102,418.39 in Q1 2020, compared to CNY -334,936,855.66 in Q1 2019[30] - Investment cash flow increased by 37.07% to -¥459,102,418.39, primarily due to increased purchases of financial products compared to the same period last year[14] Borrowings - Short-term borrowings increased by 100% to ¥120,000,000.00, indicating a strategy to enhance liquidity[12] - The company raised CNY 90,000,000.00 through borrowings in Q1 2020, compared to CNY 50,000,000.00 in Q1 2019[31] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased by 61.64% to ¥251,077,703.57 due to investments in financial products[11] - Cash and cash equivalents decreased to ¥119,400,859.66 from ¥576,724,915.27 at the end of 2019[21] - The ending cash and cash equivalents balance for Q1 2020 was $119,400,859.66, down from $194,342,411.59 in Q1 2019[34]