OPPLE(SH:603515)2020-04-24 16:00Financial Performance - Operating revenue fell by 38.05% to CNY 1,030,427,366.00 year-on-year[17] - Net profit attributable to shareholders was a loss of CNY 7,113,573.29, a decline of 108.26% compared to the previous year[17] - Basic earnings per share were CNY -0.01, a decrease of 109.09% compared to CNY 0.11 in the same period last year[17] - Total operating revenue for Q1 2020 was CNY 1,030,427,366, a decrease of 38.1% compared to CNY 1,663,224,498 in Q1 2019[49] - Net profit for Q1 2020 was a loss of CNY 7,454,937.48, compared to a profit of CNY 86,032,140.43 in Q1 2019, representing a significant decline[50] - Total comprehensive income for Q1 2020 was a loss of CNY 6,749,660.23, compared to a profit of CNY 89,304,951.95 in Q1 2019[50] Cash Flow - Net cash flow from operating activities was negative at CNY -897,803,518.30, representing a decrease of 201.00% year-on-year[17] - Operating cash flow decreased by 36.34% to approximately CNY 1.26 billion, primarily due to the impact of the pandemic on sales[29] - Cash inflow from operating activities was CNY 1,259,088,786.78, down from CNY 1,977,984,327.96 in Q1 2019[56] - Net cash flow from operating activities was -CNY 897,803,518.30, worsening from -CNY 298,269,240.04 in the same period last year[56] - Cash flow from investment activities increased significantly by 1073.40% to CNY 1.37 billion, mainly due to reduced cash payments for financial products[29] - Net cash flow from investment activities was CNY 1,368,855,922.68, significantly higher than CNY 116,657,211.24 in Q1 2019[58] Assets and Liabilities - Total assets decreased by 14.86% to CNY 6,902,512,533.78 compared to the end of the previous year[17] - Total liabilities decreased by 33.03% to ¥2,070,028,847.04 from ¥3,090,944,637.30, primarily due to a reduction in accounts payable[22] - Total current assets decreased to CNY 5.09 billion, down from CNY 6.28 billion, reflecting a decline in cash and cash equivalents[36] - Total liabilities decreased to CNY 2.04 billion from CNY 3.06 billion, indicating a reduction in short-term borrowings[39] - Total liabilities decreased from CNY 1,962,297,808.16 to CNY 1,093,580,196.16, a decline of about 44.2%[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,402[18] - The largest shareholder, Zhongshan Op Lighting Investment Co., Ltd., held 348,214,286 shares, accounting for 46.06% of total shares[18] - The company completed a share buyback of 7,599,927 shares, accounting for 1.01% of total share capital, at an average price of CNY 24.28 per share, totaling CNY 184.54 million[31] - The company plans to continue its share repurchase program within the approved budget of CNY 114 million to CNY 228 million over the next 12 months[31] Government Support - The company received government subsidies amounting to CNY 54,606,577.39 during the reporting period[18] - Other income increased by 105.92% to ¥54,715,688.68 from ¥26,571,751.63, mainly due to an increase in government subsidies received[26] Inventory and Receivables - Accounts receivable decreased to CNY 387.09 million from CNY 475.86 million, indicating improved collection efforts[36] - Inventory decreased to CNY 768.09 million from CNY 798.89 million, suggesting better inventory management[36] - The company reported a 92.40% increase in notes receivable, rising to ¥1,179,100.00 from ¥612,851.77[22] - The company recorded a 51.33% increase in other receivables, amounting to ¥49,393,903.25 compared to ¥32,640,758.82[22]