山石网科(688030) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 57,867,120.17, a decline of 21.34% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 69,894,221.54, compared to a loss of CNY 51,971,686.56 in the same period last year[6] - The company reported a net cash flow from operating activities of -CNY 60,976,306.56, worsening from -CNY 51,315,052.17 year-on-year[6] - Basic and diluted earnings per share were both -CNY 0.3878, slightly worsening from -CNY 0.3845 in the same period last year[6] - The company reported a significant loss of ¥130,238,324.68, reflecting operational losses and adjustments from new accounting standards[15] - Net profit for Q1 2020 was -¥69,894,221.54, representing an increase in loss of ¥17,922,534.98 compared to the same period last year[16] - The total comprehensive income for Q1 2020 was -¥69,876,471.30, a decrease of ¥17,990,961.16 year-over-year[16] - The company reported a total comprehensive loss of ¥69,876,471.30 for Q1 2020, compared to a comprehensive loss of ¥51,885,510.14 in Q1 2019[30] Assets and Liabilities - Total assets decreased by 8.28% to CNY 1,490,311,820.67 compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 70% to ¥324,979,497.43 from ¥1,075,173,260.84 due to investments in wealth management products[14] - The company's total liabilities decreased by 33% to ¥15,318,211.13, reflecting adjustments from the new revenue accounting standards[15] - The company's accounts payable decreased by 48% to ¥25,355,343.03, primarily due to payments made for prior period liabilities[14] - The company's total current assets decreased to ¥1,430,367,759.94, down 8.91% from ¥1,570,669,117.43[22] - The company's total liabilities decreased to ¥189,987,018.36, down 22.8% from ¥245,997,199.32[24] - The company's equity attributable to shareholders increased to CNY 1,378,931,318.07, a decrease of CNY 10,693,876.62 from the previous figure[43] Research and Development - R&D expenses accounted for 79.31% of operating revenue, an increase of 23.41 percentage points compared to the previous year[7] - Research and development expenses for Q1 2020 were ¥45,892,832.87, up from ¥41,119,855.74 in Q1 2019, indicating a 11.8% increase[29] Cash Flow - Cash flow from investment activities was -¥688,639,041.61, a significant increase in outflow compared to -¥410,406.71 in the previous year, primarily due to investments in financial products and fixed assets[18] - The total cash and cash equivalents at the end of Q1 2020 were 324,435,356.24 RMB, a decrease from 1,074,418,949.55 RMB at the beginning of the quarter, reflecting a net decrease of 749,983,593.31 RMB[36] - The company’s net cash flow from financing activities was -470,954.16 RMB in Q1 2020, compared to -3,422,858.04 RMB in Q1 2019, indicating a reduction in cash outflows[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,903[10] - The largest shareholder, Yuxiao High-tech Co., Ltd., held 30,522,850 shares, accounting for 16.94% of total shares[10] Government Support - The company received government subsidies amounting to CNY 412,888.71 during the period[8] Taxation - The company experienced a 63% reduction in taxes and surcharges, amounting to ¥1,508,524.09, due to decreased business activity[15] - The company received tax refunds of ¥7,845,956.55, an increase of 48% compared to the previous year, mainly due to VAT software refunds[17]