UE(SH:603600)2020-04-28 16:00Financial Performance - Operating revenue fell by 19.05% to CNY 429,584,549.01 year-on-year[5] - Net profit attributable to shareholders decreased by 25.48% to CNY 28,701,300.33 compared to the same period last year[5] - Basic earnings per share decreased by 23.08% to CNY 0.10[5] - The weighted average return on net assets decreased by 0.93 percentage points to 2.30%[5] - Total operating revenue for Q1 2020 was ¥429,584,549.01, a decrease of 19.1% compared to ¥530,647,661.59 in Q1 2019[27] - Net profit for Q1 2020 was ¥28,937,937.16, a decline of 25.5% from ¥38,845,068.89 in Q1 2019[28] - Total comprehensive income for Q1 2020 was ¥28,806,795.25, down 26.1% from ¥39,009,106.51 in Q1 2019[28] - The total comprehensive income for Q1 2020 was ¥20,406,580.46, down 44.1% from ¥36,585,542.14 in Q1 2019[32] Cash Flow - Net cash flow from operating activities dropped significantly by 61.42% to CNY 20,063,762.69[5] - Cash flow from operating activities for Q1 2020 was ¥20,063,762.69, down 61.4% from ¥52,001,316.70 in Q1 2019[33] - The net cash flow from investment activities improved to CNY 71,985,889.52 in Q1 2020, compared to a negative cash flow of CNY 83,065,402.72 in Q1 2019[35] - Cash inflow from financing activities was CNY 131,174,526.66 in Q1 2020, up from CNY 65,000,000.00 in Q1 2019, marking a 102.0% increase[35] - The net cash flow from financing activities decreased to CNY 50,077,681.96 in Q1 2020 from CNY 62,723,918.31 in Q1 2019, a decline of 20.2%[35] Assets and Liabilities - Total assets decreased by 2.04% to CNY 1,867,093,503.10 compared to the end of the previous year[5] - Current assets totaled ¥1,074,504,026.74, down from ¥1,254,195,002.33, indicating a decrease of about 14.3%[17] - Total liabilities increased significantly, with a notable rise in accounts payable by 75.58% to ¥83,614,379.36 due to increased payments via notes[10] - Total liabilities decreased to ¥684,890,824.36 in Q1 2020 from ¥759,898,956.64 in Q1 2019, a reduction of 9.8%[27] - The company's equity increased to ¥1,279,862,156.46 from ¥1,248,245,997.15, representing a growth of approximately 2.5%[19] Shareholder Information - The company reported a total of 11,257 shareholders at the end of the reporting period[9] - The largest shareholder, Yongyi Holdings Co., Ltd., holds 25.72% of the shares, with 38,550,000 shares pledged[9] Future Outlook - Future outlook includes potential market expansion and new product development strategies[5] Investment and Expenses - Investment income increased by 31.38% to ¥4,993,175.98, attributed to higher financial product returns[12] - Research and development expenses for Q1 2020 were ¥15,249,547.42, down 28.5% from ¥21,326,482.67 in Q1 2019[27] - Sales expenses increased by 35.36% to ¥29,626,233.37, mainly due to higher e-commerce sales expenses[12]