Leysen(SH:603900)2020-04-24 16:00Financial Performance - Operating revenue fell by 51.80% to CNY 221,456,251.20 year-on-year[13] - Net profit attributable to shareholders decreased by 86.58% to CNY 11,900,516.70 compared to the same period last year[13] - Net cash flow from operating activities decreased by 49.36% to CNY 58,510,464.77 year-on-year[13] - The company reported a significant decline in investment income, down 59.75% to CNY 2,758,268.73[13] - Total operating revenue for Q1 2020 was ¥221,456,251.20, a decrease of 51.8% compared to ¥459,412,265.46 in Q1 2019[24] - Net profit for Q1 2020 was ¥11,698,978.78, a decline of 86.8% from ¥88,569,845.50 in Q1 2019[24] - Operating profit for Q1 2020 was ¥13,686,766.07, down 86.8% from ¥103,486,926.69 in Q1 2019[24] - Revenue for Q1 2020 was ¥190.83 million, a decrease of 52.2% compared to ¥399.34 million in Q1 2019[28] - Net profit for Q1 2020 was ¥4.31 million, a decline of 93.8% compared to ¥69.12 million in Q1 2019[28] Asset and Liability Changes - Total assets decreased by 2.00% to CNY 2,662,219,835.97 compared to the end of the previous year[6] - Current assets totaled CNY 2,461,244,911.00, down from CNY 2,514,679,361.21, indicating a decrease of about 2.1%[17] - Total liabilities decreased to CNY 309,074,329.01 from CNY 375,120,160.19, showing a reduction of approximately 17.6%[18] - Total liabilities as of March 31, 2020, were ¥594,807,614.45, a decrease from ¥618,028,866.71 as of December 31, 2019[22] - Total current liabilities amounted to CNY 300,354,772.10, down from CNY 366,968,875.04, indicating a decrease of about 18.1%[18] Cash Flow and Equivalents - Cash and cash equivalents increased by 48.36% to CNY 134,115,236.06 compared to the previous period[12] - Cash flow from operating activities for Q1 2020 was ¥58.51 million, a decrease of 49.3% from ¥115.55 million in Q1 2019[31] - The company reported a net cash flow from investment activities of -¥15.68 million in Q1 2020, an improvement from -¥97.03 million in Q1 2019[31] - The total cash and cash equivalents at the end of Q1 2020 increased to ¥129,070,805.49, compared to ¥74,085,529.23 at the end of Q1 2019, marking a 74.4% increase[34] Shareholder Information - The number of shareholders reached 17,735 at the end of the reporting period[8] - The company's equity attributable to shareholders increased to CNY 2,353,050,046.98 from CNY 2,341,167,029.51, a growth of approximately 0.4%[18] - Total equity as of March 31, 2020, was ¥2,128,483,676.48, slightly up from ¥2,124,170,737.42 as of December 31, 2019[22] Impact of COVID-19 - The decline in revenue and profit was primarily attributed to the impact of the COVID-19 pandemic[15] - The company experienced a 100% decrease in advance receipts due to the implementation of new revenue recognition standards[12] Inventory and Receivables - Inventory decreased to CNY 1,605,277,599.86 from CNY 1,673,029,027.83, representing a reduction of approximately 4.1%[17] - Accounts receivable fell to CNY 78,027,883.57 from CNY 98,742,988.12, a decline of about 20.8%[17]