Sunway(SH:603333)2020-04-29 16:00Financial Performance - In Q1 2020, the company's operating revenue decreased by 52.73% year-on-year to RMB 205,877,275.37[6] - The net profit attributable to shareholders was a loss of RMB 15,047,436.31, a decline of 178.42% compared to the same period last year[6] - The company's revenue for Q1 2020 was CNY 205,877,275.37, a decrease of 52.73% compared to CNY 435,549,062.21 in the same period last year[15] - The net profit attributable to the parent company was CNY -15,047,436.31, a decline of 178.42% compared to CNY 19,187,786.67 in the previous year[16] - The company reported a comprehensive loss of CNY 85.29 million in Q1 2020, compared to a comprehensive income of CNY 19.95 million in Q1 2019[31] - Basic and diluted earnings per share were both -0.03 yuan, a decrease of 175.00% compared to the previous year[6] - Total revenue for Q1 2020 was CNY 205.88 million, a decrease of 52.8% compared to CNY 435.55 million in Q1 2019[30] - Net profit for Q1 2020 was a loss of CNY 15.24 million, compared to a profit of CNY 19.19 million in Q1 2019[31] Cash Flow and Liquidity - The net cash flow from operating activities was RMB 6,506,222.46, a significant improvement from a negative RMB 116,279,047.74 in the same period last year[6] - The cash flow from operating activities was CNY 6,506,222.46, a significant improvement from CNY -116,279,047.74 in the same period last year[16] - The net cash flow from operating activities for Q1 2020 was ¥52,999,516.24, a significant improvement compared to a net outflow of ¥85,055,089.35 in Q1 2019[40] - Total cash inflow from operating activities reached ¥616,047,718.18, up from ¥398,331,711.26 in the same period last year, representing a growth of approximately 54.8%[40] - Cash outflow for operating activities was ¥563,048,201.94, compared to ¥483,386,800.61 in Q1 2019, indicating an increase of about 16.5%[40] - The ending cash and cash equivalents balance for Q1 2020 was ¥59,398,357.90, compared to ¥47,508,437.86 at the end of Q1 2019, reflecting an increase of about 25.5%[41] - The company’s cash and cash equivalents decreased by ¥130,206,266.16 in Q1 2020, compared to a decrease of ¥25,984,242.79 in Q1 2019[39] Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 2,868,514,297.56, down 2.41% from the end of the previous year[6] - Total assets decreased from CNY 2,939,246,565.45 to CNY 2,868,514,297.56, a decline of approximately 2.4%[22] - Total liabilities increased from CNY 1,399,444,619.22 to CNY 1,412,484,864.96, an increase of about 0.8%[23] - Owner's equity decreased from CNY 1,539,801,946.23 to CNY 1,456,029,432.60, a decline of approximately 5.4%[23] - Total current assets decreased to CNY 2,098,316,370.96 from CNY 2,178,151,810.40, indicating a contraction in liquidity[21] - Current liabilities increased slightly from CNY 1,307,307,736.04 to CNY 1,322,331,156.92, an increase of about 1.9%[22] - Non-current liabilities decreased from CNY 92,136,883.18 to CNY 90,153,708.04, a reduction of approximately 2.1%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,083[11] - Major shareholders include Li Guangsheng and Li Guangyuan, holding 30.00% and 28.00% of shares respectively, both of which are pledged[12] Inventory and Receivables - Inventory increased by 56.65% year-on-year, indicating potential revenue generation in the next reporting period[8] - Accounts receivable decreased to CNY 874,823,895.75 from CNY 1,199,206,395.09, reflecting a significant reduction in outstanding payments[21] - Inventory increased significantly from CNY 150,153,164.51 to CNY 246,440,191.24, an increase of about 64.2%[25] Expenses and Costs - The operating costs for Q1 2020 were CNY 164,073,680.51, down 53.87% from CNY 355,667,543.93 year-on-year[15] - The company experienced a 39.54% reduction in selling expenses, which amounted to CNY 11,969,765.48 compared to CNY 19,797,135.14 in the previous year[16] - The company incurred research and development expenses of CNY 8.77 million in Q1 2020, slightly down from CNY 8.91 million in Q1 2019[30] Changes in Accounting Standards - The company is implementing new revenue recognition standards effective from January 1, 2020, which may impact future financial reporting[50]