Kelida(SH:603828)2020-04-29 16:00Financial Performance - Operating revenue declined by 5.94% to CNY 289,731,956.58 year-on-year[5] - Net profit attributable to shareholders decreased by 59.78% to CNY 14,459,821.17 compared to the same period last year[5] - Basic and diluted earnings per share fell by 57.14% to CNY 0.03[5] - Net profit decreased by 51.42% compared to the same period last year, primarily due to a decrease in total profit[13] - Basic earnings per share decreased by 57.14% compared to the same period last year, reflecting the decline in net profit[13] - Net profit for Q1 2020 was CNY 17,699,057.17, down 51.5% from CNY 36,435,096.31 in Q1 2019[28] - The total profit for Q1 2020 was CNY 20,998,591.63, a decrease of 41.9% compared to CNY 36,008,296.04 in Q1 2019[31] - The net profit for Q1 2020 was CNY 18,575,386.93, down 39.2% from CNY 30,568,193.46 in the same period last year[31] Assets and Liabilities - Total assets decreased by 5.07% to CNY 3,790,646,547.69 compared to the end of the previous year[5] - Total assets as of March 31, 2020, were CNY 3,790,646,547.69, down from CNY 3,993,201,484.49 at the end of 2019[22] - Total current assets amounted to CNY 2,803,137,924.12, a slight decrease from CNY 2,835,191,017.84 at the end of 2019[21] - Current liabilities totaled CNY 2,237,085,144.71, a decrease from CNY 2,672,375,995.27 at the end of 2019[22] - The company's total liabilities decreased to CNY 2,379,675,185.42 from CNY 2,819,819,488.18 at the end of 2019[22] - Total liabilities for Q1 2020 were CNY 2,123,328,586.76, a decrease from CNY 2,418,540,097.72 in Q1 2019[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,512[10] - The largest shareholder, Suzhou Kalida Group Co., Ltd., held 32.83% of the shares, with 140,721,000 shares pledged[11] - The company completed the transfer of shares from its controlling shareholder, resulting in a new holding of 209,898,000 shares, representing 32.83% of total shares[16] - The actual controller's shareholding after the transfer was 49.16%, ensuring no change in the control of the listed company[16] Cash Flow - Cash flow from operating activities decreased by 42.20% to CNY -211,548,225.24, primarily due to a reduction in received project payments[6] - The company's cash flow from investment activities increased by 142.49% compared to the same period last year, primarily due to the recovery of loans from Taizhou Huakang Company[18] - Cash flow from financing activities rose by 201.69% year-on-year, mainly due to an increase in bank loans received during the reporting period[18] - Operating cash inflow for Q1 2020 was CNY 746,695,525.94, a decline of 10.5% from CNY 834,270,091.56 in Q1 2019[33] - The net cash flow from operating activities for Q1 2020 was -CNY 211,548,225.24, worsening from -CNY 148,770,733.52 in Q1 2019[33] - The net cash flow from financing activities for Q1 2020 was CNY 128,980,479.78, a significant improvement from -CNY 126,842,018.03 in Q1 2019[34] Costs and Expenses - The company reported a significant increase in costs and expenses compared to the previous year, impacting profitability[6] - Total operating costs for Q1 2020 were CNY 310,346,447.91, slightly up from CNY 308,967,920.67 in Q1 2019[26] - Financial expenses for Q1 2020 were CNY 9,890,360.03, compared to CNY 5,934,868.69 in Q1 2019, indicating an increase in financial costs[26] Other Financial Metrics - The weighted average return on equity decreased by 1.73 percentage points to 1.51%[5] - Non-recurring gains and losses totaled CNY 2,921,491.26, including government subsidies and other income[9] - Other income increased by 296.58% compared to the same period last year, mainly due to an increase in government subsidies received[13] - Investment income decreased by 78.87% compared to the same period last year, primarily due to reduced investment income from joint ventures and associates[13] - The company reported a credit impairment loss of CNY 38,235,294.62 in Q1 2020, compared to CNY 41,140,648.82 in Q1 2019[28] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[43]