Hotata(SH:603848)2020-04-27 16:00Financial Performance - Operating revenue fell by 53.62% to CNY 122,447,074.18 year-on-year[11] - Net profit attributable to shareholders decreased by 61.29% to CNY 19,626,392.05 compared to the same period last year[11] - Basic and diluted earnings per share dropped by 61.54% to CNY 0.05[11] - Other income decreased by 59.29% year-on-year, mainly due to a reduction in government subsidies received[20] - Investment income decreased by 48.44% year-on-year, mainly due to the impact of new accounting standards on financial instruments[20] - The company reported a total profit of CNY 19,887,309.06 for the first quarter of 2020, down 64.4% from CNY 55,851,559.08 in the same quarter of 2019[45] - Net profit for the first quarter of 2020 was CNY 16,720,378.48, down 64.9% from CNY 47,556,822.70 in the first quarter of 2019[45] - Total operating revenue for the first quarter of 2020 was CNY 90,694,472.98, a decrease of 58.5% compared to CNY 217,737,689.00 in the same period of 2019[43] Cash Flow - Net cash flow from operating activities was negative at CNY -196,600,092.21, a decline of 43.98% year-on-year[11] - Cash received from sales of goods and services in the first quarter of 2020 was CNY 83,407,151.44, a decrease of 61.1% from CNY 214,485,708.57 in the same period of 2019[47] - Cash outflows from operating activities amounted to ¥359,240,545.81, resulting in a net cash flow from operating activities of -¥136,543,332.49, compared to -¥196,600,092.21 in the current period[48] - The company’s cash flow from operating activities showed a net outflow of -¥109,399,603.43, an improvement from -¥142,395,552.15 in the previous period[52] Assets and Liabilities - Total assets decreased by 9.12% to CNY 1,765,210,173.75 compared to the end of the previous year[11] - Total liabilities decreased to CNY 344,572,634.23 in Q1 2020 from CNY 438,321,304.14 in Q4 2019, representing a decline of about 21.4%[37] - Cash and cash equivalents decreased by 84.16% compared to the end of the previous year, primarily due to investments in bank wealth management products and payment of goods[17] - Accounts receivable increased by 66.94% compared to the end of last year, mainly due to credit support for strong-performing distributors and an increase in receivables from engineering clients[19] - Accounts payable decreased by 47.02% compared to the end of last year, primarily due to seasonal scale effects[19] Shareholder Information - The company reported a total of 11,786 shareholders at the end of the reporting period[14] - The top shareholder, Shen Hanbiao, holds 54.21% of the shares, totaling 217,395,000 shares[14] Operational Impact - Operating costs decreased by 56.75% year-on-year, in line with the decline in operating revenue[20] - Net cash flow from operating activities decreased by 43.98% year-on-year, primarily due to changes in economic activity scale affected by the pandemic[20] - Operating revenue decreased by 53.62% year-on-year, mainly due to the impact of COVID-19, which delayed consumer demand[20] Other Financial Metrics - The weighted average return on equity decreased by 2.53 percentage points to 1.31%[11] - Employee compensation payable decreased by 59.61% compared to the end of last year, mainly due to year-end bonuses included last year[19] - Tax payable decreased by 84.41% compared to the end of last year, primarily due to a decrease in operating income affected by the pandemic[19] - Prepayments decreased by 39.84% compared to the end of last year, mainly due to seasonal and pandemic-related impacts on sales[19] - Research and development expenses for the first quarter of 2020 were CNY 5,012,452.68, a decrease of 36.5% compared to CNY 7,888,701.56 in the first quarter of 2019[43]