Proya(SH:603605)2020-04-22 16:00Financial Performance - Net profit attributable to shareholders decreased by 14.72% to CNY 77,728,276.22 year-on-year[4] - Operating revenue declined by 5.25% to CNY 608,193,650.94 compared to the same period last year[4] - Basic earnings per share decreased by 15.22% to CNY 0.39 per share[4] - The company reported a net profit excluding non-recurring gains and losses of CNY 83,469,428.49, down 8.36% year-on-year[4] - The company reported a profit before tax of RMB 96.37 million for Q1 2020, down 19.0% from RMB 118.96 million in Q1 2019[20] - Net profit for Q1 2020 was RMB 76.73 million, a decline of 15.2% compared to RMB 90.51 million in Q1 2019[21] - The total comprehensive income for the period was 79,650,264.91 RMB, compared to 83,905,364.88 RMB in the previous year[24] Cash Flow - Net cash flow from operating activities was negative at CNY -134,873,267.48, compared to CNY -41,397,214.02 in the previous year[4] - The company reported a net cash flow from operating activities of -134,873,267.48 RMB, compared to -41,397,214.02 RMB in Q1 2019, indicating a decline in operational cash flow[26] - The total cash inflow from operating activities was 688,857,662.26 RMB, while cash outflow was 823,730,929.74 RMB, resulting in a net cash flow deficit[26] - The company's cash flow from financing activities resulted in a net outflow of -114,181,810.61 RMB, compared to -48,895,925.37 RMB in Q1 2019[26] - The net cash flow from financing activities was -85,965,538.71, a decrease of 4,208,897.87 compared to the previous period[29] - The net increase in cash and cash equivalents was -112,437,597.73, compared to -79,945,848.10 in the previous period[29] Assets and Liabilities - Total assets decreased by 7.24% to CNY 2,763,586,896.77 compared to the end of the previous year[4] - Total liabilities amounted to CNY 613,445,475.81, a decrease from CNY 909,307,033.25 in the previous period, indicating a reduction of approximately 32.5%[15] - Total equity reached CNY 2,150,141,420.96, up from CNY 2,070,058,043.57, reflecting an increase of about 3.9%[15] - Current assets totaled CNY 1,091,508,132.66, down from CNY 1,289,826,339.45, representing a decline of approximately 15.4%[17] - The company's cash and cash equivalents decreased significantly to CNY 150,634,800.62 from CNY 403,072,398.35, a drop of around 62.7%[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,417[7] - The largest shareholder, Hou Jun Cheng, holds 36.09% of the shares[7] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,889,946.42 during the reporting period[6] - The company's other income increased significantly by 1,953.32% to ¥5,359,718.92 from ¥261,027.17, primarily due to increased government subsidies received[10] Investment and Expenses - The company's long-term equity investments increased significantly by 311.12% to ¥60,549,967.96 from ¥14,728,003.68, mainly due to a new investment of ¥46,000,000 in a joint venture[9] - Research and development expenses increased to RMB 15.92 million in Q1 2020, up 17.9% from RMB 13.50 million in Q1 2019[20] - The company experienced a significant reduction in sales expenses, which fell to RMB 197.19 million in Q1 2020, down 13.7% from RMB 228.60 million in Q1 2019[20] Financial Management - The company's financial expenses recorded a significant decrease, showing a loss of ¥890,731.84 compared to a loss of ¥3,854,651.03 in the previous year, indicating improved financial management[10] - The company's cash flow management reflects a strategic focus on liquidity amid changing financial regulations[29] - The company’s financial reporting is compliant with the latest accounting standards as of 2020[30]