AtHub(603881)2020-04-28 16:00Financial Performance - Operating revenue for the period was CNY 174,182,724.49, representing a decrease of 8.72% year-on-year[11] - Net profit attributable to shareholders was CNY 29,317,863.24, down 18.53% from the same period last year[11] - Basic earnings per share decreased by 17.65% to CNY 0.14[11] - The weighted average return on equity fell by 0.89 percentage points to 2.62%[11] - Total revenue for Q1 2020 was ¥174,182,724.49, a decrease of 8.4% compared to ¥190,821,748.69 in Q1 2019[42] - Net profit for Q1 2020 was ¥29,298,035.72, a decline of 18.5% from ¥35,987,336.84 in Q1 2019[42] - The net profit attributable to the parent company shareholders for Q1 2020 was ¥29,317,863.24, a decrease from ¥35,987,325.31 in Q1 2019, representing a decline of approximately 18.6%[45] - The total comprehensive income for Q1 2020 was ¥29,298,035.72, down from ¥35,987,336.84 in Q1 2019, indicating a decline of about 18.6%[45] Cash Flow - Net cash flow from operating activities was CNY 20,588,788.91, a significant decline of 54.50% compared to the previous year[11] - Net cash flow from operating activities decreased by 54.50% to ¥20,588,788.91 from ¥45,248,946.70, mainly due to delayed customer payments impacted by the COVID-19 pandemic[21] - The net cash flow from operating activities for Q1 2020 was ¥20,588,788.91, down from ¥45,248,946.70 in Q1 2019, a decrease of approximately 54.4%[52] - Cash inflow from operating activities totaled 202,878,658.26 RMB, while cash outflow was 270,921,541.07 RMB, resulting in a net cash flow deficit[54] - Investment activities resulted in a net cash outflow of -42,380,268.74 RMB, a decrease from -168,613,501.68 RMB year-over-year[56] - Cash inflow from financing activities was 332,259,817.62 RMB, up from 183,201,217.92 RMB in the previous year[56] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,920,374,838.80, an increase of 4.83% compared to the end of the previous year[11] - Total current assets increased to ¥595,377,788.47 from ¥461,999,233.75, reflecting a growth in cash and receivables[27] - Total liabilities increased to ¥2,788,127,027.68 from ¥2,636,666,810.48, reflecting the company's expansion strategy[33] - Total assets rose to ¥3,920,374,838.80 from ¥3,739,616,585.89, indicating overall growth in the company's financial position[33] - Current liabilities rose to ¥1,346,395,313.32, compared to ¥1,277,941,476.94, indicating an increase of 5.4%[39] - Total liabilities amounted to ¥2,636,666,810.48, with current liabilities at ¥1,662,443,966.70 and non-current liabilities at ¥974,222,843.78[61] Expenses - Sales expenses decreased by 59.02% to ¥643,332.25 from ¥1,569,702.15 due to reduced sales activities in the first quarter[21] - Financial expenses increased by 38.74% to ¥18,110,509.81 from ¥13,053,421.59 primarily due to increased interest expenses from bank loans[21] - The financial expenses for Q1 2020 increased to ¥9,242,561.57 from ¥7,398,730.86 in Q1 2019, an increase of about 25.0%[48] - Research and development expenses for Q1 2020 were ¥5,510,022.86, a decrease of 5.3% from ¥5,821,043.02 in Q1 2019[42] - Research and development expenses increased to ¥2,968,833.27 in Q1 2020 from ¥1,556,021.58 in Q1 2019, marking an increase of about 90.7%[48] Government Support - The company received government subsidies amounting to CNY 1,990,881.42 during the reporting period[11]