ZOY(SH:603709)2020-04-27 16:00Financial Performance - Operating revenue increased by 0.21% to CNY 237,654,266.80 year-on-year[5] - Net profit attributable to shareholders decreased by 82.92% to CNY 1,468,426.78 compared to the same period last year[5] - Basic earnings per share dropped by 114.29% to -CNY 0.02[5] - The company reported an operating loss of CNY -1,827,603.61 for Q1 2020, compared to an operating profit of CNY 14,244,271.98 in Q1 2019[27] - The company reported a net loss of CNY 1,837,253.73 for Q1 2020, compared to a net profit in Q1 2019[27] - The net profit for Q1 2020 was a loss of CNY 614,984.91, compared to a profit of CNY 14,156,712.17 in Q1 2019, indicating a significant decline in profitability[31] - The operating profit for Q1 2020 was a loss of CNY 934,661.82, down from a profit of CNY 16,655,985.50 in the same period last year[30] - The company's total comprehensive income for Q1 2020 was a loss of CNY 614,984.91, compared to a comprehensive income of CNY 14,156,712.17 in Q1 2019[31] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 26,709,031.19, worsening from a net outflow of CNY 12,596,902.91 in the previous year[5] - The net cash flow from operating activities was CNY -26,709,031.19, compared to CNY -12,596,902.91 in the same period last year, mainly due to increased procurement payments and operating expenses[13] - The cash inflow from operating activities for Q1 2020 was CNY 278,770,605.75, compared to CNY 254,134,630.65 in Q1 2019, showing an increase of approximately 9.7%[33] - The net cash flow from operating activities was -28,144,111.62 RMB, compared to -15,015,414.99 RMB in the same quarter of 2019, indicating a decline in operational performance[36] - Total cash and cash equivalents at the end of the period were 211,525,510.47 RMB, down from 243,804,011.88 RMB at the beginning of the period, reflecting a net decrease of 32,278,501.41 RMB[37] - Cash inflow from operating activities totaled 245,209,914.82 RMB, slightly down from 249,328,371.60 RMB year-over-year[36] - Cash outflow from operating activities was 273,354,026.44 RMB, compared to 264,343,786.59 RMB in the previous year, showing an increase in operational costs[36] - The total cash and cash equivalents balance decreased to 211,525,510.47 RMB from 243,804,011.88 RMB, reflecting a challenging liquidity position[37] Assets and Liabilities - Total assets decreased by 4.12% to CNY 989,765,809.89 compared to the end of the previous year[5] - The total assets decreased to CNY 989,765,809.89 from CNY 1,032,304,623.55 at the end of the previous year[19] - Total liabilities decreased to CNY 369,108,009.55 in Q1 2020 from CNY 403,061,372.75 in Q4 2019, a decrease of 8.43%[23] - Total equity decreased slightly to CNY 639,682,391.28 in Q1 2020 from CNY 640,297,376.19 in Q4 2019, a decrease of 0.96%[23] - Accounts payable decreased by 31.79% to CNY 119,552,975.77, primarily due to reduced procurement payments[11] - Accounts receivable increased to CNY 200,810,024.72 in Q1 2020 from CNY 194,304,384.37 in Q4 2019, an increase of 3.88%[22] - Inventory decreased to CNY 74,688,481.32 in Q1 2020 from CNY 84,687,156.30 in Q4 2019, a reduction of 11.79%[22] Shareholder Information - The total number of shareholders reached 4,128 by the end of the reporting period[9] - The largest shareholder, Anji Changjiang Investment Co., Ltd., holds 38.25% of shares, totaling 30,601,800 shares[9] Expenses and Investments - Sales expenses increased by 39.50% to CNY 50,712,928.77, primarily due to investments in cross-border e-commerce operations[12] - Financial expenses turned negative at CNY -2,954,186.91, a decrease of 192.60% due to fluctuations in exchange gains and losses[12] - The company reported a 96.74% decrease in income tax expenses to CNY 94,140.74, attributed to a reduction in profits[12] - Research and development expenses increased to CNY 8,156,790.81 in Q1 2020, up from CNY 7,538,350.97 in Q1 2019, reflecting a focus on innovation[30] - Cash inflow from investment activities was 40,287,758.35 RMB, significantly lower than 162,017,696.05 RMB in the same quarter of 2019[36] - Cash outflow from investment activities was 44,623,721.29 RMB, compared to 120,825,705.48 RMB in the previous year, indicating a reduction in investment spending[36] - The net cash flow from investment activities was -4,335,962.94 RMB, a sharp decline from 41,191,990.57 RMB in the first quarter of 2019[36] - The company received 40,000,000.00 RMB from investment recoveries, down from 161,000,000.00 RMB in the previous year, indicating reduced investment returns[36] Future Outlook - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[5] - The company expects a significant change in cumulative net profit compared to the same period last year due to the economic environment and the impact of the COVID-19 pandemic[14] - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[27]