JHS(SH:603922)2020-04-29 16:00Financial Performance - Revenue for the reporting period was approximately CNY 67.44 million, a decline of 62.06% year-on-year[5] - Net profit attributable to shareholders was a loss of approximately CNY 10.90 million, worsening by 59.46% compared to the previous year[5] - Basic and diluted earnings per share were both CNY -0.09, a decrease of 59.46% year-on-year[5] - Total operating revenue for Q1 2020 was ¥67,439,978.25, a decrease of 62.1% compared to ¥177,741,329.13 in Q1 2019[28] - Net loss for Q1 2020 was ¥10,898,357.39, compared to a net loss of ¥6,834,740.67 in Q1 2019, representing a 59.5% increase in losses[29] - Total operating costs for Q1 2020 were ¥79,790,542.37, down 56.1% from ¥180,566,570.40 in Q1 2019[28] - Total comprehensive loss for Q1 2020 was -¥10,898,357.39, compared to -¥6,834,740.67 in Q1 2019[29] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 1.39 billion, a decrease of 0.42% compared to the previous year[5] - Total liabilities increased from CNY 358,189,450.71 to CNY 365,484,933.63, an increase of about 2.5%[25] - Current liabilities slightly decreased from CNY 353,075,691.47 to CNY 351,689,415.98, a reduction of about 0.4%[20] - Non-current assets decreased from CNY 399,649,935.43 to CNY 386,791,864.81, a decline of about 3.2%[24] - Total current assets increased from CNY 1,001,152,978.60 to CNY 1,015,640,647.35, an increase of approximately 1.4%[24] Cash Flow - Operating cash flow increased significantly by 457.24% to approximately CNY 96.07 million compared to the same period last year[5] - The company’s cash flow from operating activities showed resilience despite a challenging environment, with a notable increase in net cash flow[34] - The total cash inflow from operating activities was ¥185,339,154.54, slightly down from ¥186,784,328.83 in the same period last year[34] - Cash outflow for purchasing goods and services decreased to ¥52,896,395.53 from ¥114,362,393.61, indicating a reduction of about 53.8%[34] - The company reported a net cash flow from financing activities of -¥21,076,063.03, an improvement from -¥60,085,661.25 in Q1 2019[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,518[10] - The largest shareholder, Gold Crane Group Limited, holds 48.54% of the shares, while the second-largest shareholder, Gaode Investment Limited, holds 19.30%[12] Government Support - The company received government subsidies amounting to CNY 1.15 million, which are closely related to its normal business operations[8] - Other income surged by 563.64% to ¥1,154,354.72 from ¥173,941.84, mainly due to increased government subsidies[14] Financial Adjustments and Standards - The company recognized an increase in accounts receivable due to the new revenue recognition standards, impacting various asset and liability accounts[42] - The company adjusted contract liabilities by ¥4,465,865.20, reflecting changes in revenue recognition practices[42] - The company plans to implement the new leasing standard starting January 1, 2021[47] - The company has made adjustments to retained earnings and other financial statement items due to the impact of the new revenue recognition standard[47]