HOLIKE(SH:603898)2020-04-29 16:00Financial Performance - Operating revenue fell by 48.30% to CNY 187,393,491.54 year-on-year[5] - Net profit attributable to shareholders was CNY -17,218,411.34, a decline of 144.81% compared to the same period last year[5] - The company reported a net cash flow from operating activities of CNY -162,599,972.12, a decrease of 264.48% year-on-year[5] - Basic and diluted earnings per share were both CNY -0.06, a decrease of 150.00% compared to the previous year[5] - Operating profit decreased by 123.66% to -¥10,645,754.98, reflecting the adverse effects of the pandemic on revenue[18] - Net profit dropped by 154.16% to -¥19,844,398.86, significantly influenced by the decline in operating income[18] - Total operating revenue for Q1 2020 was ¥187,393,491.54, a decrease of 48.3% compared to ¥362,478,900.63 in Q1 2019[34] - The company's operating profit for Q1 2020 was a loss of ¥10,645,754.98, compared to a profit of ¥45,001,896.75 in Q1 2019[35] - The net profit for Q1 2020 was a loss of ¥12,926,156.64, compared to a profit of ¥22,478,240.89 in Q1 2019, representing a significant decline[38] Assets and Liabilities - Total assets decreased by 6.81% to CNY 3,456,815,297.60 compared to the end of the previous year[5] - Total liabilities decreased to CNY 963,694,417.81 from CNY 1,135,949,604.07, representing a reduction of about 15.2%[28] - The total equity attributable to shareholders decreased to CNY 2,471,724,767.51 from CNY 2,549,337,994.11, a decline of about 3.1%[28] - The company's long-term investments in equity decreased to CNY 15,984,431.62 from CNY 16,304,839.60, a reduction of approximately 2.0%[27] - The total current liabilities decreased to CNY 382,827,962.14 from CNY 560,733,456.32, a decline of about 31.7%[28] - The total assets as of Q1 2020 amounted to ¥3,019,169,640.74, down from ¥3,382,556,644.03 in the previous year[31] - Total liabilities for Q1 2020 were ¥757,356,760.81, a decrease from ¥1,047,994,611.39 in Q1 2019[31] - The company's equity totaled ¥2,261,812,879.93 in Q1 2020, down from ¥2,334,562,032.64 in Q1 2019[31] Cash Flow and Investments - The company's cash and cash equivalents decreased by 53.04% to ¥238,105,456.09 due to significant payments to suppliers and share buybacks during the reporting period[14] - The cash flow from operating activities showed a net outflow of -¥162,599,972.12, a 264.48% increase in losses compared to the previous year[21] - The company reported a 51.28% decrease in cash received from sales of goods and services, totaling ¥179,466,337.82, due to the pandemic's impact[20] - The cash inflow from investment activities in Q1 2020 was ¥1,090,815,316.07, an increase from ¥928,786,412.14 in Q1 2019[40] - The net cash flow from investment activities was 210,112,130.61 RMB, a significant improvement compared to the previous year's negative cash flow of 8,921,618.65 RMB[44] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 9,437, with the top ten shareholders holding a combined 75.01% of shares[10] - The company repurchased 9,434,980 shares, accounting for 3.0474% of total share capital, with a total expenditure of ¥139,848,189.20[22] Operational Strategies - The company launched over 100 live streaming sessions, reaching a total audience of over 28 million and generating over 300 million exposures[12] - The company implemented online services, including a "72-hour VR worry-free viewing plan," to maintain customer engagement during the pandemic[13] - The company executed a new revenue recognition standard starting January 1, 2020, impacting financial reporting[52] - The company implemented new revenue and lease standards starting January 1, 2020, affecting the financial statements[48]