JACK(SH:603337)2020-04-20 16:00Financial Performance - Operating revenue for the first quarter was ¥979,605,035.37, representing a decrease of 13.74% year-on-year due to reduced customer demand impacted by the COVID-19 pandemic [21]. - Net profit attributable to shareholders was ¥47,894,049.32, down 59.33% compared to the same period last year [21]. - Basic and diluted earnings per share decreased by 57.69% to ¥0.11 from ¥0.26 in the same period last year [18]. - The company experienced a 60.32% decline in other income, totaling CNY 12,077,146.93 compared to CNY 30,438,574.68 [29]. - The company's operating profit for Q1 2020 was ¥19,604,876.20, significantly lower than ¥96,228,136.55 in Q1 2019, indicating a decline of 79.7% [54]. - The total comprehensive income for Q1 2020 was ¥49,545,471.88, a decrease of 55.5% from ¥111,261,398.74 in Q1 2019 [50]. - The total revenue for Q1 2020 was ¥979,605,035.37, a decrease of approximately 13.76% compared to ¥1,135,687,935.51 in Q1 2019 [48]. - The net profit for Q1 2020 was ¥60,690,755.79, compared to ¥140,631,772.31 in Q1 2019, indicating a decrease of around 56.88% [48]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥19,841,548.66, a significant decline of 121.88% compared to the previous year [18]. - The cash inflow from operating activities in Q1 2020 was ¥807,178,047.20, a decrease from ¥1,035,725,134.64 in Q1 2019 [55]. - The total cash and cash equivalents at the end of the period reached 395,913,236.96 RMB, up from 113,547,448.75 RMB, indicating improved liquidity [59]. - The cash flow from operating activities netted 124,388,484.85 RMB, down from 209,698,386.70 RMB, indicating challenges in maintaining operational profitability [59]. - The company experienced a net increase in cash and cash equivalents of 97,426,913.18 RMB, contrasting with a decrease of 2,964,971.35 RMB in the previous year, suggesting a recovery in cash position [57]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,185,029,392.42, a slight increase of 0.20% compared to the end of the previous year [18]. - Current assets totaled ¥2,341,559,932.10, down from ¥2,381,087,870.48 in the previous period, indicating a decrease of approximately 1.66% [36]. - Total liabilities decreased to ¥1,402,528,907.27 from ¥1,453,648,321.72, a reduction of approximately 3.5% [41]. - Current liabilities totaled ¥1,151,699,613.43, down from ¥1,208,875,330.30, indicating a decrease of about 4.7% [41]. - The company's equity attributable to shareholders increased to ¥2,713,956,551.12 from ¥2,657,074,561.59, showing a growth of approximately 2.1% [41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 7,521, with the largest shareholder holding 42.61% of the shares [25]. - The net profit attributable to shareholders of the parent company for Q1 2020 was ¥47,894,049.32, down 59% from ¥117,749,940.82 in Q1 2019 [50]. - Shareholder equity increased to ¥2,266,529,528.32 in Q1 2020 from ¥2,240,677,409.77 in Q1 2019, representing a growth of approximately 1.15% [44]. Operational Challenges - The company experienced a delay in resuming operations, which contributed to fixed costs such as labor and depreciation remaining rigid despite lower revenues [21]. - The company reported a significant impact from foreign exchange fluctuations on the fair value of forward foreign exchange contracts [21]. - The company has implemented new revenue recognition standards effective January 1, 2020, impacting the classification of certain liabilities [68]. - Future guidance indicates a cautious outlook, with emphasis on maintaining liquidity and managing operational costs amid market uncertainties [64].