GSDC(SH:603458)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 65,187,830.73, representing a decrease of 5.20% year-on-year[6]. - Operating revenue for the period was CNY 421,284,652.25, down 3.14% from the same period last year[6]. - The company's weighted average return on equity decreased by 0.52 percentage points to 2.45%[6]. - Total operating revenue for Q1 2020 was CNY 421,284,652.25, a decrease of 3.08% from CNY 434,954,498.04 in Q1 2019[23]. - Net profit for Q1 2020 was CNY 65,612,070.52, down 5.8% from CNY 69,128,278.06 in Q1 2019[24]. - Earnings per share for Q1 2020 was CNY 0.36, compared to CNY 0.38 in Q1 2019[24]. - Net profit for Q1 2020 was CNY 77,853,412.99, an increase of 30.7% compared to CNY 59,550,652.85 in Q1 2019[26]. - Operating revenue for Q1 2020 reached CNY 92,104,818.19, up from CNY 70,688,745.77 in Q1 2019, indicating a growth of approximately 30.4%[26]. - The company reported a total comprehensive income of CNY 77,909,238.75 for Q1 2020, compared to CNY 59,557,726.77 in Q1 2019, reflecting an increase of approximately 30.8%[26]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,955,923,701.33, a slight increase of 0.06% compared to the previous year[6]. - The company's total current assets as of March 31, 2020, were 4,181,081,771.21 RMB, a decrease from 4,374,018,548.45 RMB at the end of 2019[15]. - The total liabilities as of March 31, 2020, were 3,254,283,890.47 RMB, compared to 3,315,763,290.72 RMB at the end of 2019[17]. - The company's total equity as of March 31, 2020, was 2,701,639,810.86 RMB, compared to 2,636,861,785.24 RMB at the end of 2019[17]. - The total assets amounted to 5,952,625,075.96 RMB, reflecting a decrease of 27,831,301.18 RMB from the previous period[36]. - The total liabilities were 3,315,763,290.72 RMB, showing a slight decrease of 21,539,046.70 RMB[35]. - The company's total equity stood at 2,636,861,785.24 RMB, with a minor reduction of 6,292,254.48 RMB[36]. - Total current liabilities rose to approximately $1.89 billion, an increase of about $21.32 million[40]. - Total liabilities reached approximately $2.79 billion, showing a decrease of about $21.32 million[40]. - Total equity increased to approximately $2.37 billion, reflecting a decrease of about $6.29 million[40]. Cash Flow - The net cash flow from operating activities improved significantly, with a net cash flow of CNY -86,275,971.71, an increase of 77.33% compared to the previous year[12]. - The net cash flow from investment activities was -162,636,328.53 RMB, a decrease of 1025.24% compared to the previous period[13]. - The net cash flow from financing activities was 209,854,276.08 RMB, a decrease of 39.47% compared to the previous period[13]. - Cash inflow from operating activities totaled CNY 547,607,808.31 in Q1 2020, compared to CNY 488,927,934.79 in Q1 2019, representing an increase of about 12%[27]. - Cash outflow from operating activities was CNY 633,883,780.02 in Q1 2020, down from CNY 869,433,380.52 in Q1 2019, showing a decrease of approximately 27.1%[27]. - The net cash flow from investment activities was -87,563,324.78 RMB, indicating a significant outflow compared to the previous period[31]. - Cash inflow from financing activities totaled 390,000,000.00 RMB, with a net cash flow of 180,947,543.76 RMB after accounting for outflows[31]. Shareholder Information - The total number of shareholders reached 23,301 at the end of the reporting period[11]. Government Subsidies - The company reported a significant increase in government subsidies, totaling CNY 20,384,126.41, up 3230.67% year-on-year[12]. Borrowings and Receivables - Short-term borrowings increased by CNY 220,000,000.00, a rise of 30.14% compared to the previous year[12]. - The company experienced a 38.90% decrease in accounts receivable, amounting to CNY 1,634,791,314.10[12]. - The company reported a significant increase in accounts receivable, totaling 1,634,791,314.10 RMB, down from 2,675,671,831.97 RMB in the previous period[15]. - Accounts receivable decreased to CNY 1,149,125,845.59 from CNY 2,021,161,179.83, indicating improved collection efforts[19]. - Accounts receivable saw a significant decline of approximately $947.69 million, dropping from about $2.02 billion to $1.07 billion[38]. Accounting Standards - The company has introduced new accounting standards, resulting in significant changes in financial metrics and reporting[12]. - The company adopted new revenue and lease standards starting January 1, 2020, impacting the financial statements[36]. - The company implemented new revenue recognition standards starting January 1, 2020, affecting the cumulative impact on retained earnings[41].