Financial Performance - Operating revenue fell by 25.54% to CNY 74,248,019.36 year-on-year[6] - Net profit attributable to shareholders decreased by 18.18% to CNY 4,007,008.78 compared to the same period last year[6] - The company reported a significant increase of 145.07% in net profit after deducting non-recurring gains and losses, amounting to CNY 4,020,148.36[6] - Basic earnings per share decreased by 18.24% to CNY 0.0354[6] - The company's operating revenue for Q1 2020 was ¥66,855,964.28, a decrease of 32.0% compared to ¥98,202,923.90 in Q1 2019[29] - The net profit for Q1 2020 was ¥5,951,307.54, representing an increase of 20.9% from ¥4,918,573.35 in Q1 2019[28] - The company's total profit for Q1 2020 was ¥7,857,429.71, compared to ¥6,049,061.09 in Q1 2019, reflecting a growth of 29.9%[28] - Basic earnings per share for Q1 2020 were ¥0.0354, down from ¥0.0433 in Q1 2019, a decrease of 18.4%[28] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -253,557,004.57, a decline of 99.46% year-on-year[6] - Cash and cash equivalents decreased by 44.09% to ¥373,528,946.13 from ¥668,120,978.25, primarily due to payments for various procurements[11] - Cash received from investment decreased by 67.02% to ¥61,925,200.00 from ¥187,750,000.00, primarily due to a decrease in bank wealth management recoveries[15] - The net cash flow from operating activities was -253,557,004.57 in Q1 2020, compared to -127,124,299.50 in Q1 2019, indicating a worsening of 99.3%[32] - Total cash outflow from operating activities increased to 387,926,979.46 in Q1 2020, up from 291,761,982.86 in Q1 2019, reflecting a rise of 32.9%[32] - The net cash flow from investment activities was -20,442,242.62 in Q1 2020, compared to 81,271,091.30 in Q1 2019, marking a decline of 125.2%[33] - The net cash flow from financing activities was -43,801,801.83 in Q1 2020, compared to -344,322.20 in Q1 2019, indicating a significant increase in cash outflow[33] - The company reported a net cash decrease of -317,801,049.02 in Q1 2020, compared to -46,197,530.40 in Q1 2019, reflecting a deterioration of 586.5%[33] Assets and Liabilities - Total assets decreased by 7.63% to CNY 3,092,426,321.10 compared to the end of the previous year[6] - Total assets as of March 31, 2020, were CNY 2,283,380,299.48, down from CNY 2,550,864,504.85 at the end of 2019, a decrease of 10.5%[24] - Current liabilities decreased to CNY 1,070,050,589.35 in Q1 2020 from CNY 1,325,285,869.73 in Q4 2019, a decline of 19.2%[19] - Total liabilities decreased to CNY 1,121,692,812.16 in Q1 2020 from CNY 1,389,390,614.06 in Q4 2019, a reduction of 19.3%[24] - Total liabilities were CNY 1,941,000,769.89, with non-current liabilities at CNY 615,714,900.16[39] - The company reported a decrease in inventory by CNY 557,924,359.96, indicating a shift in asset management[41] Shareholder Information - The number of shareholders reached 10,354 by the end of the reporting period[9] - Jiangsu Daqian Investment Development Co., Ltd. held 36.94% of the shares, making it the largest shareholder[9] - The total equity attributable to shareholders increased to CNY 1,221,110,805.89 in Q1 2020 from CNY 1,217,103,797.11 in Q4 2019, a slight increase of 0.3%[20] - The total equity increased from CNY 1,161,473,890.79 to CNY 1,406,983,529.55, reflecting a growth in retained earnings[42] Research and Development - Research and development expenses increased by 79.92% to ¥5,335,612.59 from ¥2,965,493.45, reflecting increased investment in R&D[13] - Research and development expenses increased to ¥5,335,612.59 in Q1 2020, up from ¥2,965,493.45 in Q1 2019, marking an increase of 79.9%[30] Other Financial Metrics - The weighted average return on equity decreased by 0.10 percentage points to 0.33%[6] - Other income decreased by 98.07% to ¥52,348.20 from ¥2,714,000.00, mainly due to a reduction in government subsidies received[13] - The company's management expenses decreased to ¥13,073,422.93 in Q1 2020 from ¥15,795,737.44 in Q1 2019, a reduction of 17.2%[28] - The financial expenses for Q1 2020 were ¥4,350,749.15, slightly up from ¥4,205,572.56 in Q1 2019[30] - The company reported a credit impairment loss of ¥4,790,041.32 in Q1 2020, compared to ¥4,266,394.65 in Q1 2019, indicating an increase of 12.3%[28]
大千生态(603955) - 2020 Q1 - 季度财报