Kings(SH:603505)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 17.79% to CNY 34,113,323.02 year-on-year[15] - Operating income decreased by 8.13% to CNY 121,007,263.60 compared to the same period last year[15] - Total operating revenue for Q1 2020 was CNY 121,007,263.60, a decrease of 8.9% compared to CNY 131,715,564.42 in Q1 2019[30] - Net profit for Q1 2020 was CNY 34,542,397.50, down 17.3% from CNY 41,729,209.73 in Q1 2019[32] - The net profit attributable to shareholders of the parent company for Q1 2020 was CNY 34,113,323.02, down from CNY 41,496,552.56 in Q1 2019, representing a decline of 17.8%[33] - The total comprehensive income for Q1 2020 was CNY 34,542,397.50, a decrease of 17.4% from CNY 41,729,209.73 in Q1 2019[33] Cash Flow - Net cash flow from operating activities decreased by 39.71% to CNY 10,921,456.23 year-on-year[15] - Net cash flow from operating activities was $10,921,456.23, a decrease of 39.5% compared to $18,115,782.25 in the previous year[37] - Cash inflow from operating activities was $135,396,704.47, down 21.1% from $171,511,286.36 in the previous year[40] - Total cash outflow from operating activities amounted to $125,331,889.57, down 27.5% from $173,038,724.23 year-over-year[37] - Net cash flow from investing activities worsened by 62.99% to -¥75,100,048.82, due to higher payments for construction projects[21] - The net cash flow from investing activities was -$75,100,048.82, worsening from -$46,075,902.39 in the previous year[37] - The net cash flow from financing activities decreased by 198.97% to -¥66,226,477.52, primarily due to share repurchase expenditures[21] - The net cash flow from financing activities was -$66,226,477.52, a significant decline from $66,913,412.21 in the previous year[41] Assets and Liabilities - Total assets decreased by 6.67% to CNY 1,708,287,450.55 compared to the end of the previous year[15] - Total current assets decreased to ¥404,274,655.35 from ¥524,313,033.45, reflecting a decline in cash and receivables[24] - Total liabilities decreased to ¥763,421,722.51 from ¥815,460,957.76, indicating improved financial stability[27] - The company's equity attributable to shareholders decreased to ¥929,944,953.64 from ¥1,000,361,045.08, indicating a decline in retained earnings[27] - Total assets as of Q1 2020 amounted to CNY 1,165,595,501.58, a decrease from CNY 1,229,428,782.71 in the previous year[30] - Total liabilities for Q1 2020 were CNY 439,900,552.08, an increase of 8.3% compared to CNY 406,346,509.71 in Q1 2019[30] Shareholder Information - The number of shareholders at the end of the reporting period was 14,864[17] - The largest shareholder, Zhejiang Jinshi Industrial Co., Ltd., holds 50.20% of the shares[17] Expenses - Financial expenses increased by 88.67% to ¥3,118,822.85 due to a decrease in exchange gains[21] - Research and development expenses for Q1 2020 were CNY 731,019.73, significantly higher than CNY 403,763.78 in Q1 2019[32] - The company reported a decrease in sales expenses to CNY 6,022,469.24 from CNY 8,340,823.26 in the previous year[32] - The company's financial expenses for Q1 2020 were CNY 3,122,744.71, significantly higher than CNY 640,561.44 in Q1 2019, marking an increase of 387.5%[35] - The research and development expenses for Q1 2020 were CNY 145,722.22, down from CNY 204,937.47 in Q1 2019, a decrease of 29%[35] Taxation - Income tax expenses decreased by 34.94% to ¥9,873,337.20, attributed to a reduction in total profit[21] - The company paid $30,838,215.24 in taxes, a decrease of 44.6% from $55,658,302.22 in the previous year[37]