DZCM(603999)2020-04-24 16:00Financial Performance - Net profit attributable to shareholders rose by 20.49% to CNY 4,454,187.78 year-on-year[8] - Operating revenue increased by 9.05% to CNY 149,682,147.04 compared to the same period last year[8] - The net profit excluding non-recurring gains and losses surged by 48.07% to CNY 3,907,539.32 compared to the same period last year[8] - Basic and diluted earnings per share increased by 33.33% to CNY 0.008[8] - Net profit for Q1 2020 reached CNY 4,524,185.52, a 20.9% increase from CNY 3,741,412.67 in Q1 2019[27] - The company's operating revenue for Q1 2020 was approximately ¥101.09 million, an increase of 2.2% compared to ¥98.91 million in Q1 2019[30] - The net profit for Q1 2020 reached ¥7.50 million, representing a 12.8% increase from ¥6.66 million in Q1 2019[31] Assets and Liabilities - Total assets increased by 3.03% to CNY 2,115,950,340.20 compared to the end of the previous year[8] - Total liabilities increased to ¥369,411,334.23 from ¥311,622,768.56, reflecting a growing financial obligation[20] - The company's total assets as of March 31, 2020, were CNY 2,113,401,482.40, compared to CNY 2,053,844,596.20 at the end of 2019, marking a growth of 2.9%[24] - Current assets totaled CNY 1,310,069,428.56 as of March 31, 2020, an increase from CNY 1,248,905,905.44 at the end of 2019, representing a growth of 4.9%[22] - The company's total liabilities increased to CNY 358,929,635.67 in Q1 2020 from CNY 306,877,507.92 in Q1 2019, reflecting a rise of 17.0%[24] - The total cash and cash equivalents at the end of Q1 2020 were ¥779.54 million, up from ¥483.26 million at the end of Q1 2019[34] Cash Flow - Net cash flow from operating activities was CNY 25,845,302.02, a significant recovery from a negative cash flow of CNY -12,090,716.74 in the previous year[8] - Operating cash flow for the period was ¥25,845,302.02, a significant improvement from a negative cash flow of ¥12,090,716.74 in the same quarter last year[16] - The cash flow from operating activities generated a net amount of ¥88,090,165.28 in Q1 2020, compared to ¥106,066,380.88 in Q1 2019, indicating a decline of 16.9%[36] - The net cash flow from operating activities for Q1 2020 was ¥39,971,279.12, a decrease of 3.8% compared to ¥42,571,506.45 in Q1 2019[36] Shareholder Information - The total number of shareholders reached 35,582 at the end of the reporting period[12] - The largest shareholder, Reader Publishing Group Co., Ltd., holds 57.84% of the shares[12] Other Financial Metrics - The weighted average return on equity improved by 0.04 percentage points to 0.26%[8] - The company reported a non-operating income of CNY 546,648.46, primarily from government subsidies and other non-recurring items[8] - Other income increased to ¥246,099.60, a rise of 1,294.38% from ¥17,649.33, mainly due to government subsidies[15] - The company incurred a financial expense of approximately -¥631,432.53 in Q1 2020, compared to -¥366,768.00 in Q1 2019[30] - The company reported a significant decrease in asset impairment losses, with a loss of -¥2.89 million in Q1 2020 compared to -¥4.30 million in Q1 2019[31] Accounting Standards and Future Outlook - The company is adapting to new accounting standards effective from January 1, 2020, which may impact future financial reporting[46] - The company anticipates potential impacts on cumulative net profit due to the COVID-19 pandemic, with uncertainty regarding significant changes compared to the previous year[16]