天创时尚(603608) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 370,258,046, representing a decline of 24.59% year-on-year[6]. - Net profit attributable to shareholders was a loss of CNY 5,663,283, a decrease of 114.77% compared to a profit of CNY 38,352,066 in the same period last year[6]. - Basic earnings per share were -CNY 0.01, a decrease of 111.11% from CNY 0.09 in the same period last year[6]. - The company reported a net loss of CNY 5,225,012 for the first quarter, a decrease of 113.50% compared to a net profit of CNY 38,708,854 in the same period last year[16]. - The company reported a significant reduction in cash outflow for purchasing goods and services, which was 88,555,995 RMB compared to 167,468,356 RMB in Q1 2019[52]. - The total profit for Q1 2020 was -7,320,525 RMB, compared to a profit of 43,615,361 RMB in Q1 2019, highlighting a challenging financial environment[45]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,612,472,999, a decrease of 1.82% compared to the end of the previous year[6]. - Total liabilities as of March 31, 2020, were CNY 444,353,857, down from CNY 488,569,339 as of December 31, 2019[38]. - Total equity attributable to shareholders was CNY 2,147,752,468, slightly down from CNY 2,152,476,623 as of December 31, 2019[38]. - Current liabilities rose from CNY 438,264,640 to CNY 443,682,093, an increase of CNY 5,417,453[56]. - Total liabilities increased from CNY 488,569,339 to CNY 493,986,792, reflecting an increase of CNY 5,417,453[56]. Cash Flow - The net cash flow from operating activities increased by 18.10% to CNY 32,650,877 compared to CNY 27,647,349 in the previous year[6]. - The cash inflow from operating activities was 432,177,592 RMB in Q1 2020, down from 592,798,622 RMB in Q1 2019, reflecting reduced sales activity[49]. - The net cash flow from investing activities was -192,575,666 RMB, worsening from -57,423,891 RMB in Q1 2019[50]. - Cash inflow from financing activities was 36,000,000 RMB, a decrease of 53.8% compared to 78,000,000 RMB in Q1 2019[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,818[8]. - The largest shareholder, Gao Chuang Co., Ltd., held 21.23% of the shares, totaling 91,288,856 shares[8]. Impact of COVID-19 - The company faced significant impacts from the COVID-19 pandemic, affecting both offline retail and mobile internet advertising sectors[10]. - Total revenue for the first quarter was CNY 370,258,046, a decrease of 24.59% compared to CNY 490,991,983 in the same period last year, primarily due to the impact of COVID-19[16]. E-commerce Performance - E-commerce revenue increased by 77.25% year-on-year, accounting for 30.53% of total revenue, up from 20% in 2019[11]. - E-commerce revenue increased by 77.25% year-over-year, reaching RMB 95.18 million in Q1 2020, compared to RMB 53.70 million in Q1 2019[28]. Research and Development - Research and development expenses for Q1 2020 were CNY 10,161,780, up from CNY 8,849,653 in Q1 2019, reflecting a growth of 14.8%[43]. - Research and development expenses rose to 6,045,199 RMB in Q1 2020, up from 4,952,732 RMB in Q1 2019, indicating a focus on innovation[46]. Financial Ratios - The weighted average return on equity was -0.26%, down 2.04 percentage points from 1.78% in the previous year[6]. - Gross profit margin for the fashion footwear segment improved by 8.44 percentage points to 64.08%, despite a 21.94% decline in revenue[25]. - Gross profit margin for Q1 2020 was approximately 1.0%, compared to 10.5% in Q1 2019[43].