LDXC(SH:603937)2020-04-28 16:00Financial Performance - Operating revenue decreased by 33.92% to CNY 189,787,700.49 year-on-year[6] - Net profit attributable to shareholders decreased by 56.34% to CNY 10,084,949.99 compared to the same period last year[6] - The basic earnings per share decreased to CNY 0.05 from CNY 0.11 year-on-year[6] - Total operating revenue for Q1 2020 was ¥189,787,700.49, a decrease of 34.1% compared to ¥287,221,480.78 in Q1 2019[26] - Net profit for Q1 2020 was ¥10,084,949.99, a decline of 56.4% from ¥23,096,317.45 in Q1 2019[27] - The company's operating revenue for Q1 2020 was ¥159,428,714.66, a decrease of 30.8% compared to ¥230,407,065.58 in Q1 2019[30] - The net profit for Q1 2020 was ¥8,235,657.81, down 58.0% from ¥19,578,501.82 in Q1 2019[31] - The total comprehensive income for Q1 2020 was ¥8,235,657.81, a decline of 58.0% from ¥19,578,501.82 in Q1 2019[32] Cash Flow - Net cash flow from operating activities decreased by 41.62% to CNY 30,737,047.44[6] - The net cash flow from operating activities for Q1 2020 was ¥30,737,047.44, down 41.5% from ¥52,645,685.20 in Q1 2019[35] - The company reported a significant increase in cash paid for operating activities, which rose by 219.27% to ¥77,560,300.86, reflecting increased cash outflows for guarantee deposits[14] - Cash inflow from operating activities for Q1 2020 was CNY 197,629,240.91, an increase of 9.8% compared to CNY 179,793,067.67 in Q1 2019[37] - Net cash flow from financing activities rose to CNY 22,882,006.67 in Q1 2020, up from CNY 8,995,815.11 in Q1 2019[38] Assets and Liabilities - Total assets increased by 4.85% to CNY 1,716,108,774.73 compared to the end of the previous year[6] - The company’s total liabilities increased to ¥287,620,161.40 from ¥218,375,050.09, reflecting a higher debt level[20] - Total assets as of March 31, 2020, amounted to ¥1,615,083,071.30, an increase from ¥1,539,346,432.31 at the end of 2019[24] - Total liabilities as of March 31, 2020, were ¥282,853,451.25, compared to ¥215,352,470.07 at the end of 2019, reflecting an increase of 31.3%[24] - Total current assets amounted to $1,207,739,006.19, with cash and cash equivalents at $292,372,895.02[46] Shareholder Information - The number of shareholders reached 17,966 at the end of the reporting period[10] - The total equity attributable to shareholders was ¥1,332,229,620.05 as of March 31, 2020, up from ¥1,323,993,962.24 at the end of 2019[24] - Shareholders' equity amounted to $1,323,993,962.24, with retained earnings of $500,784,038.27[48] Government Support and Other Income - The company received government subsidies amounting to CNY 215,791.00 during the reporting period[8] - Other income decreased by 97.26% to ¥41,512.00 from ¥1,516,848.11, mainly due to the absence of litigation recoveries from the previous year[13] - The company received tax refunds of ¥2,321,961.57, an increase of 67.48% from ¥1,386,379.21, due to higher export tax rebates[14] Financial Position and Audit - The overall financial position shows a healthy balance between assets and liabilities, positioning the company for future growth[48] - The company has not reported any significant changes in its financial audit status for this quarter[48] - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[48]