Apex(SH:603383)2020-04-23 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 1,405,635.87, down 73.41% year-on-year[12] - Operating revenue for the period was CNY 45,276,763.31, representing a decrease of 3.74% compared to the same period last year[12] - Basic earnings per share were CNY 0.01, a decrease of 75.00% compared to CNY 0.04 in the same period last year[12] - The company's net profit for the current quarter is 954,036.83, a decrease of 79.6% compared to 4,666,478.26 in the same quarter last year[43] - The company's total profit for the current quarter is -390,274.02, compared to 4,288,144.51 in the same quarter last year, indicating a significant decline[43] - The total comprehensive income for the current quarter is 954,036.83, compared to 4,666,478.26 in the same quarter last year, indicating a decrease of 79.6%[45] - The total comprehensive income for the first quarter of 2020 was CNY 3,415,350.13, compared to CNY 4,285,646.04 in the same period of 2019, reflecting a decrease of approximately 20.3%[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,289,450,145.57, a decrease of 3.17% compared to the end of the previous year[12] - Total liabilities decreased to ¥168,800,809.60 from ¥198,289,556.61[31] - Total current assets increased to CNY 1,128,650,848.89 in Q1 2020, up from CNY 1,106,496,212.64 in Q1 2019, representing a growth of 2.0%[37] - Total assets reached CNY 1,346,509,800.58 in Q1 2020, compared to CNY 1,323,801,814.00 in Q1 2019, indicating an increase of 1.7%[39] - Total liabilities amounted to CNY 261,415,753.80 in Q1 2020, an increase from CNY 230,748,059.23 in Q1 2019, reflecting a growth of 13.3%[39] - The total assets of the company were reported at ¥1,331.63 million, showing a marginal increase from ¥1,327.40 million, which is a growth of approximately 0.3%[64] - The total liabilities decreased to ¥198.29 million from ¥207.71 million, representing a reduction of about 4.5%[64] Cash Flow - The net cash flow from operating activities was CNY -67,506,191.02, showing a slight improvement from CNY -67,581,181.60 in the previous year[12] - Cash inflow from operating activities amounted to CNY 24,762,238.15, an increase of 20.5% from CNY 20,605,733.34 in Q1 2019[51] - The total cash outflow from operating activities was CNY 92,268,429.17, compared to CNY 88,186,914.94 in the same period last year, indicating a rise of 4.3%[51] - The net cash flow from investing activities decreased by 50.92% to ¥64,122,998.97 from ¥130,652,590.97, mainly due to a decrease in cash recovered from investments compared to the previous year[23] - Cash inflow from investment activities totaled CNY 404,962,469.97, down 38.2% from CNY 656,726,673.97 in Q1 2019[53] - The net cash flow from investment activities was CNY 64,122,998.97, a decrease of 50.9% compared to CNY 130,652,590.97 in the same quarter of 2019[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,347[18] - The largest shareholder, Yan Mengyu, held 21.33% of the shares, totaling 25,634,010 shares[18] Government Support and Other Income - The company received government subsidies amounting to CNY 3,153,708.48, which are closely related to its normal business operations[14] - The company reported a non-operating income of CNY 3,746,807.95, classified as other non-recurring gains[16] - Other income increased by 195.07% to ¥3,260,684.18 from ¥1,105,064.72, mainly due to an increase in government subsidies received compared to the same period last year[21] Changes in Accounts - Accounts receivable increased by 26.36% to ¥31,631,590.12 from ¥25,033,037.37, mainly due to project payments concentrated in the fourth quarter[21] - Accounts payable decreased by 44.71% to ¥1,613,811.59 from ¥2,918,594.88, primarily due to payments made for prior period liabilities[21] - Employee compensation payable decreased by 69.91% to ¥7,645,206.60 from ¥25,405,064.41, mainly due to the payment of last year's year-end bonuses[21] - Tax payable decreased by 59.34% to ¥3,483,288.06 from ¥8,567,691.90, primarily due to the payment of last year's corporate value-added tax[21] Investment Income - Investment income decreased by 42.05% to ¥3,597,198.98 from ¥6,206,933.45, mainly due to a reduction in income from financial products compared to the previous year[23] - The investment income for the current quarter is 3,597,198.98, down from 6,206,933.45, a decline of 42.5% compared to the same period last year[43] Research and Development - Research and development expenses increased to 19,780,549.80, up from 18,143,882.25, reflecting a growth of 9.0% year-over-year[43] Revenue Recognition and Future Reporting - The company implemented new revenue recognition standards, adjusting the beginning retained earnings and related financial statement items accordingly[66] - The company is implementing new revenue recognition standards, which may affect future financial reporting[76] Market Developments - The company has not reported any significant new product developments or market expansions in the current quarter[75] - There are no updates on mergers or acquisitions in the recent financial disclosures[75]