Lily Group(SH:603823)2020-04-27 16:00Financial Performance - Operating revenue fell by 15.30% to CNY 388,700,608.48 year-on-year[7] - Net profit attributable to shareholders decreased by 15.38% to CNY 31,434,620.61 compared to the same period last year[7] - Basic earnings per share decreased by 17.65% to CNY 0.14[7] - The net profit after deducting non-recurring gains and losses decreased by 11.13% to CNY 28,814,273.56[7] - Total operating revenue for Q1 2020 was CNY 388.70 million, a decrease of 15.3% compared to CNY 458.93 million in Q1 2019[26] - Net profit for Q1 2020 was CNY 33.62 million, a decline of 17.3% from CNY 40.66 million in Q1 2019[28] - Total operating costs for Q1 2020 were CNY 349.21 million, down 15.8% from CNY 415.05 million in Q1 2019[26] - Total cash inflow from operating activities in Q1 2020 was 202,739,717.67 RMB, down 7.6% from 219,420,957.77 RMB in Q1 2019[37] - Cash outflow from operating activities totaled 211,601,713.21 RMB in Q1 2020, a slight decrease of 1.1% compared to 214,564,149.18 RMB in Q1 2019[37] Asset and Liability Changes - Total assets decreased by 6.38% to CNY 2,602,395,236.24 compared to the end of the previous year[7] - The total assets of Baihehua Group as of March 31, 2020, amounted to CNY 2,602,395,236.24, a decrease from CNY 2,779,698,644.91 as of December 31, 2019, representing a decline of approximately 6.36%[19] - Total liabilities decreased to CNY 774,102,999.44 from CNY 985,597,828.33, reflecting a decrease of 21.43%[21] - Current liabilities decreased to CNY 697,086,387.59 from CNY 905,835,005.65, a reduction of 23.03%[20] - Total liabilities decreased to CNY 679.60 million in Q1 2020, down 18.5% from CNY 834.26 million in Q1 2019[24] - The total cash and cash equivalents at the end of Q1 2020 were 229,759,182.74 RMB, down from 261,070,133.02 RMB at the end of Q1 2019, a decrease of approximately 12%[38] Cash Flow Analysis - Net cash flow from operating activities declined by 23.47% to CNY 24,685,709.49 year-to-date[7] - The company reported a net cash outflow from investment activities of ¥26,254,753.83 in Q1 2020, compared to a net outflow of ¥29,801,164.26 in Q1 2019[34] - The net cash flow from investing activities was -25,693,191.65 RMB in Q1 2020, worsening from -22,386,322.54 RMB in Q1 2019[37] - Cash inflow from investing activities was only 1,171,694.25 RMB in Q1 2020, a significant drop of 97.5% from 46,200,659.41 RMB in Q1 2019[37] - The company’s total comprehensive income for Q1 2020 was ¥21,948,472.09, down from ¥27,173,745.63 in Q1 2019[31] Shareholder Information - The number of shareholders at the end of the reporting period was 7,941[11] Government Support - The company received government subsidies amounting to CNY 2,822,379.19 related to normal business operations[9] Expense Changes - The company's management expenses increased by 42.65% to CNY 20,947,426.42 compared to CNY 14,684,819.57 in the same period last year[20] - Research and development expenses for Q1 2020 were CNY 13.32 million, slightly down from CNY 14.44 million in Q1 2019[26] - Research and development expenses increased to ¥8,697,852.92, up 12.2% from ¥7,754,259.19 in Q1 2019[30] Equity Changes - The equity attributable to the parent company increased to CNY 1,618,903,590.94 from CNY 1,587,460,419.83, showing a growth of 1.99%[21] - The company reported a total equity of RMB 1,431,476,526.15, including undistributed profits of RMB 671,508,969.24[48]