YONGYUE(SH:603879)2020-04-29 16:00Financial Performance - Operating revenue fell by 45.24% to CNY 52,581,736.77 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 3,470,666.46, a decrease of 160.19% compared to the same period last year[6] - Basic earnings per share dropped by 166.67% to -CNY 0.02[6] - The company reported a significant decline in net profit and revenue, indicating challenges in the current market environment[6] - Total revenue fell by 45.24% to ¥52,581,736.77 from ¥96,015,725.75, primarily impacted by weakened downstream customer demand due to COVID-19[15] - Net profit decreased by 78.21% to -¥348,701.56 from -¥1,600,249.34, driven by a significant drop in operating income[15] - The company anticipates a significant decline in cumulative net profit for the first half of 2020 compared to the same period last year due to ongoing impacts from COVID-19[16] - The company's operating revenue for Q1 2020 was CNY 52,366,260.80, a decrease of 45.4% compared to CNY 95,964,001.61 in Q1 2019[32] - The net profit for Q1 2020 was CNY -3,668,759.08, compared to a net profit of CNY 5,758,840.16 in Q1 2019, indicating a significant decline[30] - The company reported a total comprehensive income of CNY -3,557,683.82 for Q1 2020, compared to CNY 5,742,355.50 in Q1 2019[31] Assets and Liabilities - Total assets decreased by 3.65% to CNY 560,126,769.16 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 56.71% to ¥29,147,803.93 from ¥67,323,804.90 due to payments for investments and short-term loan repayments[14] - Total assets as of March 31, 2020, amounted to ¥557,935,376.54, a decrease from ¥577,913,724.38 at the end of 2019[25] - Total liabilities as of March 31, 2020, were ¥27,211,778.67, down from ¥48,073,636.12 at the end of 2019, indicating a significant reduction in liabilities[26] - The total equity attributable to shareholders was ¥530,723,597.87, slightly up from ¥529,840,088.26 at the end of 2019[27] - Cash and cash equivalents decreased to ¥24,825,616.36 from ¥64,310,011.38 at the end of 2019, reflecting a liquidity contraction[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,199[10] - The largest shareholder, Fu Wenchang, holds 20.96% of the shares, with 42,000,000 shares pledged[11] Cash Flow - Net cash flow from operating activities was a negative CNY 28,019,937.51, a decrease of 1.25% year-on-year[6] - Cash received from sales of goods and services was CNY 52,783,596.25 in Q1 2020, down 45.1% from CNY 97,344,417.90 in Q1 2019[35] - Operating cash inflow for Q1 2020 was CNY 52,708,246, a decrease of 46.5% from CNY 98,230,410 in Q1 2019[39] - Net cash outflow from operating activities was CNY -24,950,841, compared to CNY -27,984,729 in the same period last year, showing an improvement[39] - Cash flow from financing activities resulted in a net outflow of CNY -10,025,375, compared to CNY -26,000,000 in the previous year[40] Costs and Expenses - Total costs decreased by 41.90% to ¥47,614,735.69 from ¥81,955,810.66, reflecting reduced operational activity amid the pandemic[15] - Research and development expenses for Q1 2020 were CNY 2,018,343.34, down from CNY 2,605,003.39 in Q1 2019, reflecting a reduction of 22.5%[30] - The company reported a 94.97% decrease in financial expenses to -¥9,442.99 from -¥187,854.27, due to reduced interest income[15] Other Financial Metrics - The weighted average return on net assets decreased by 1.76 percentage points to -0.66%[6] - Non-recurring gains and losses totaled CNY 986,069.24, primarily from asset management gains[9] - Other comprehensive income rose by 45.86% to ¥331,860.21 from ¥227,522.24, primarily due to increases in foreign currency translation adjustments[14] - Other current assets increased by 526.80% to ¥1,550,709.21 from ¥247,402.74, attributed to the accumulation of input tax credits[14] - The company experienced a credit impairment loss of CNY -1,293,008.86 in Q1 2020, compared to CNY -1,106,533.44 in Q1 2019[30] - Other comprehensive income attributable to the parent company was CNY 104,337.97 in Q1 2020, compared to CNY -15,676.91 in Q1 2019[31]