KedaTechnology(SH:603660)2020-04-22 16:00Financial Performance - Operating revenue decreased by 36.35% to CNY 360,546,009.84 year-on-year[4] - Net profit attributable to shareholders decreased by 292.11% to CNY -96,387,216.59 compared to the same period last year[4] - Basic earnings per share dropped by 234.69% to CNY -0.1914[4] - The company reported a net loss of CNY 99,341,953.01 for Q1 2020, compared to a profit of CNY 48,388,611.77 in Q1 2019[23] - The net profit for Q1 2020 was a loss of ¥97.37 million, compared to a profit of ¥50.16 million in Q1 2019, indicating a significant decline in profitability[24] - The operating profit for Q1 2020 was a loss of ¥20.93 million, down from a profit of ¥7.74 million in the same period last year[26] - The company reported a total comprehensive loss of ¥97.62 million in Q1 2020, compared to a comprehensive income of ¥50.50 million in Q1 2019[24] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY -92,219,947.99, compared to CNY -31,106,066.91 in the previous year[4] - Cash flow from operating activities decreased by 196.47% year-on-year, primarily due to increased costs and reduced cash collections[9] - The net cash flow from operating activities was -19,644,866.22 RMB, a decrease from 54,090,882.66 RMB in the same period last year, indicating a decline in operational performance[32] - The total cash inflow from financing activities was 566,000,000.00 RMB, marking a substantial increase compared to 33,000,000.00 RMB in the same quarter last year[33] - The total cash and cash equivalents at the end of the period reached 719,012,680.53 RMB, up from 186,937,667.88 RMB at the end of the previous year[33] Assets and Liabilities - Total assets increased by 13.00% to CNY 3,253,726,129.07 compared to the end of the previous year[4] - Total liabilities increased to CNY 2,439,379,751.67 from CNY 1,969,033,114.23, reflecting a rise of 23.9%[21] - Shareholders' equity totaled CNY 762,608,911.11, up from CNY 737,512,026.97, indicating a growth of 3.4%[21] - Total assets amounted to CNY 2,879,427,113.31, with current assets at CNY 2,236,613,839.25 and non-current assets at CNY 642,813,274.06[35] - Total liabilities reached CNY 1,032,896,120.52, with current liabilities at CNY 923,514,947.40 and non-current liabilities at CNY 109,381,173.12[36] Shareholder Information - The total number of shareholders reached 32,911 by the end of the reporting period[7] - The largest shareholder, Chen Donggen, holds 25.77% of the shares, totaling 129,811,628 shares[8] Impact of COVID-19 - The company faced operational disruptions due to the COVID-19 pandemic, impacting business performance significantly[5] - Operating revenue decreased by 36.35% compared to the same period last year, primarily due to the impact of the COVID-19 pandemic, which hindered normal business operations[9] - The company anticipates a significant decline in cumulative net profit compared to the same period last year due to ongoing economic pressures from the pandemic[10] Investment and Expenses - Financial expenses surged by 3675.42% year-on-year, primarily due to interest payments on bank loans[9] - Research and development expenses for Q1 2020 were CNY 158,386,886.03, slightly up from CNY 155,114,854.21 in Q1 2019[23] - Research and development expenses for Q1 2020 were ¥36.92 million, down from ¥40.56 million in Q1 2019, showing a reduction in investment in R&D[26] Changes in Accounting Standards - The company implemented new revenue recognition standards starting January 1, 2020, affecting the cumulative impact on retained earnings[37] - The company has not made adjustments to prior period comparative data due to the new revenue standards[41]