SongYang(SH:603863)2021-06-21 16:00Financial Performance - Operating revenue decreased by 34.41% to CNY 90,083,470.86 year-on-year[18] - Net profit attributable to shareholders decreased by 37.11% to CNY 11,038,383.67 compared to the same period last year[18] - Basic earnings per share decreased by 54.55% to CNY 0.05 from CNY 0.11 in the same period last year[18] - The company's operating revenue for Q1 2020 was CNY 90,083,470.86, a decrease of 34.41% compared to CNY 137,337,157.53 in Q1 2019[27] - Net profit for Q1 2020 was ¥11,038,383.67, a decline of 37.2% from ¥17,552,210.25 in Q1 2019[52] - Total operating revenue for Q1 2020 was ¥90,083,470.86, a decrease of 34.1% compared to ¥137,337,157.53 in Q1 2019[50] - Operating profit for Q1 2020 was ¥12,699,601.11, down 37.0% from ¥20,174,853.70 in Q1 2019[50] - Total profit for Q1 2020 was ¥12,599,601.11, a decrease of 37.0% from ¥20,174,853.70 in Q1 2019[50] - The total comprehensive income for the first quarter of 2020 was CNY 8,355,796.16, compared to CNY 17,190,638.03 in the first quarter of 2019, representing a decrease of approximately 51.4%[59] Cash Flow - Net cash flow from operating activities improved by 88.11% to -CNY 1,011,110.09 compared to -CNY 8,501,124.11 in the previous year[18] - Cash inflows from operating activities totaled CNY 86,092,011.74, a decrease of 39.1% from CNY 141,372,373.76 in the first quarter of 2019[62] - Cash outflows from operating activities amounted to CNY 87,103,121.83, down from CNY 149,873,497.87, resulting in a net cash flow from operating activities of CNY -1,011,110.09, an improvement from CNY -8,501,124.11 year-over-year[62] - The net cash flow from financing activities was CNY 20,132,004.04, a significant improvement from CNY -7,704,639.99 in the first quarter of 2019[62] - The company reported a cash flow from operating activities net amount of CNY -652,080.23, an improvement from CNY -10,996,335.59 in the same period last year[66] Assets and Liabilities - Total assets increased by 2.03% to CNY 1,337,303,620.42 compared to the end of the previous year[18] - The company's total assets as of March 31, 2020, were CNY 1,337,303,620.42, compared to CNY 1,310,744,174.48 as of December 31, 2019[34] - The company's total liabilities increased to CNY 196,959,633.41 from CNY 177,727,391.98 at the end of 2019, reflecting a rise of 10.92%[37] - Total liabilities increased to CNY 208,551,081.06 from CNY 192,136,038.61, representing an increase of approximately 18.8%[39] - Current assets decreased to CNY 518,650,134.74 from CNY 724,483,479.64, a decline of about 28.5%[43] - Non-current assets rose to CNY 810,686,552.52 from CNY 580,945,937.12, reflecting an increase of approximately 39.5%[43] - Total equity increased to CNY 1,128,752,539.36 from CNY 1,118,608,135.87, a growth of about 0.1%[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,963[24] - The largest shareholder, Wang Zhuangpeng, holds 29.66% of the shares, totaling 61,064,000 shares[24] Expenses - The company's research and development expenses for Q1 2020 were CNY 2,969,204.43, a decrease of 31.53% compared to CNY 4,336,382.30 in Q1 2019[30] - The company's financial expenses decreased by 75.84% to CNY 633,568.35 from CNY 2,622,148.72 in Q1 2019[30] - Tax expenses increased to ¥1,055,591.85 in Q1 2020, compared to ¥318,387.56 in Q1 2019[50] Other Income - Government subsidies recognized in the current period amounted to CNY 303,981.47[20] - Non-operating income and expenses resulted in a net gain of CNY 705,532.10 for the period[20] - The company's other income for Q1 2020 was CNY 3,032,030.31, an increase of 104.55% compared to CNY 1,482,300.36 in Q1 2019[30]