FLYCO(SH:603868)2020-04-23 16:00Financial Performance - Operating income fell by 15.74% to CNY 712,760,857.06 year-on-year[4] - Net profit attributable to shareholders decreased by 20.85% to CNY 129,314,743.28 compared to the same period last year[4] - The company reported a basic earnings per share of CNY 0.30, down 21.05% from the previous year[4] - Total operating revenue for Q1 2020 was ¥712,760,857.06, a decrease of 15.7% compared to ¥845,926,911.43 in Q1 2019[19] - Net profit for Q1 2020 was ¥128,988,045.14, a decline of 20.9% from ¥162,968,227.20 in Q1 2019[19] - The total profit for Q1 2020 was ¥171,275,450.51, a decrease of 20.8% from ¥216,224,027.16 in Q1 2019[19] - The company’s total comprehensive income for Q1 2020 was ¥128,988,045.14, compared to ¥162,968,227.20 in Q1 2019[20] Cash Flow - Net cash flow from operating activities increased significantly by 241.06% to CNY 129,382,133.04[4] - The company reported cash inflow from investment activities of approximately ¥951.58 million in Q1 2020, down from ¥970.32 million in Q1 2019[25] - The net cash flow from investment activities was ¥266.65 million in Q1 2020, a turnaround from a negative cash flow of ¥491.73 million in Q1 2019[25] - The cash outflow from operating activities totaled approximately ¥796.58 million in Q1 2020, down from ¥1,416.42 million in Q1 2019, indicating improved cost management[24] - The cash inflow from sales of goods and services was approximately ¥922.18 million in Q1 2020, a decline of 36.0% from ¥1,439.57 million in Q1 2019[24] Assets and Liabilities - Total assets decreased by 9.78% to CNY 3,332,784,950.66 compared to the end of the previous year[4] - Total current assets decreased to CNY 1,931,390,257.12 from CNY 2,282,676,598.26 year-over-year[13] - Total liabilities decreased from ¥1,064,213,797.44 to ¥573,551,839.37, a decline of about 46.1%[14] - Current liabilities decreased from ¥960,984,287.40 to ¥471,331,437.33, a reduction of about 51%[14] - The company reported a significant reduction in accounts payable from ¥737,638,231.68 to ¥318,116,099.47, a decrease of approximately 56.9%[14] Shareholder Information - The number of shareholders reached 12,569 at the end of the reporting period[7] - The largest shareholder, Shanghai Feike Investment Co., Ltd., holds 80.99% of the shares[7] - Shareholders' equity increased from ¥2,629,945,066.15 to ¥2,759,233,111.29, an increase of approximately 4.9%[15] - Unappropriated profits increased from ¥1,288,222,631.00 to ¥1,417,537,374.28, a growth of about 10%[15] Inventory and Receivables - Accounts receivable decreased by 41.58% to CNY 333,706,837.29 as collections exceeded new additions[9] - Inventory decreased to CNY 501,138,794.54 from CNY 692,623,706.08, reflecting a reduction in stock levels[13] - Accounts receivable stood at CNY 571,218,451.15, indicating stable receivables management[28] - Inventory levels were reported at CNY 692,623,706.08, reflecting the company's stock management strategy[28] Other Income and Expenses - Other income related to daily activities increased by 279.86% to CNY 1,313,316.88, up from CNY 345,739.79 year-over-year[10] - Research and development expenses for Q1 2020 were ¥13,911,621.99, down 13.3% from ¥16,046,116.71 in Q1 2019[19] - The company reported a decrease in sales expenses to ¥76,078,346.83 in Q1 2020, down from ¥79,321,958.02 in Q1 2019[19] Investment and Financial Strategy - The company plans to use up to CNY 8 billion for low-risk financial products, authorized until May 31, 2021[11] - The company recorded a significant decrease of 57.17% in cash paid for investments, totaling CNY 618,000,000.00, down from CNY 1,443,000,000.00[10] - The company has a goodwill value of $0, indicating no acquisitions that generated goodwill in the reporting period[32]