ARGUS(SH:603790)2020-04-29 16:00Financial Performance - Operating revenue decreased by 28.82% to CNY 205,198,873.61 year-on-year[7] - Net profit attributable to shareholders decreased by 56.12% to CNY 18,795,383.23 compared to the same period last year[7] - Basic earnings per share decreased by 54.55% to CNY 0.10 from CNY 0.22 in the same period last year[7] - The weighted average return on equity decreased by 2.34 percentage points to 1.66%[7] - The company anticipates a significant decline in net profit for the year compared to the same period last year due to ongoing adverse economic conditions[13] - Net profit decreased by 58.48% to ¥18,034,116.01 compared to the same period last year, primarily due to the impact of decreased sales[12] - The company's net profit attributable to shareholders for Q1 2020 was CNY 13,084,041.80, a decrease of 51.6% compared to CNY 27,079,964.52 in Q1 2019[28] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 32,655.10 compared to a net inflow of CNY 36,516,180.18 in the previous year, representing a decrease of 100.09%[7] - Cash flow from operating activities showed a net outflow of -¥32,655.10, a 100.09% decrease compared to the same period last year, mainly due to reduced collections influenced by the economic environment[13] - The net cash flow from operating activities for Q1 2020 was ¥12,941,931.05, a decrease of 58.3% compared to ¥31,049,639.25 in Q1 2019[31] - The cash flow from operating activities outflow was ¥34,633,055.53, down from ¥40,287,200.06 in the previous year, showing a decrease of 14.5%[31] Assets and Liabilities - Total assets increased by 2.39% to CNY 1,360,719,489.90 compared to the end of the previous year[7] - Accounts receivable increased by 37.69% to ¥307,040,908.91 compared to the end of the previous year, primarily due to a decrease in collections influenced by the economic environment[12] - Other receivables increased by 253.06% to ¥9,547,573.35 compared to the end of the previous year, mainly due to an increase in other advance payments[12] - Total liabilities as of March 31, 2020, were CNY 72,569,686.49, compared to CNY 58,754,891.24 at the end of 2019, reflecting an increase of 23.5%[22] - Shareholders' equity totaled CNY 933,067,143.52 as of March 31, 2020, up from CNY 919,983,101.72 at the end of 2019[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,004[10] - The largest shareholder, Xie Bing, holds 25.65% of the shares, totaling 49,083,840 shares[10] Investment Activities - Investment cash outflow increased by 107.90% to ¥302,500,000.00 compared to the same period last year, primarily due to increased investments in financial products[13] - The company achieved cash inflow from investment activities of CNY 342,998,750.68 in Q1 2020, compared to CNY 353,114,965.51 in Q1 2019[29] - The cash flow from investment activities outflow was ¥306,655,920.30, significantly higher than ¥79,449,115.00 in Q1 2019, indicating increased investment activity[32] Operational Metrics - The company reported a non-operating income of CNY 4,656,335.66, primarily from government subsidies and other non-recurring gains[9] - The company has not disclosed any new product developments or market expansion strategies in this report[7] - Research and development expenses for Q1 2020 were CNY 2,725,603.22, down 24.6% from CNY 3,613,139.48 in Q1 2019[27]