龙软科技(688078) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 75.62% to CNY 2,066,619.21 year-on-year[9] - Operating revenue fell by 24.42% to CNY 26,079,861.38 compared to the same period last year[9] - Basic earnings per share dropped by 81.25% to CNY 0.03[9] - The company's net profit guidance indicates potential losses compared to the previous year, with significant changes expected in financial performance[24] - The net profit for Q1 2020 was CNY 2,066,619.21, down 75.6% from CNY 8,478,214.92 in Q1 2019[37] - The total profit for Q1 2020 was CNY 2,304,471.13, a decline of 77.8% from CNY 10,349,864.50 in Q1 2019[36] Revenue and Costs - Total operating revenue for Q1 2020 was CNY 26,079,861.38, a decrease of 24.5% compared to CNY 34,505,163.24 in Q1 2019[35] - Total operating costs increased to CNY 27,903,139.03 in Q1 2020, up 15.5% from CNY 24,106,094.18 in Q1 2019[35] - The company's net profit margin decreased significantly due to rising costs, with operating costs per revenue increasing from 69.8% in Q1 2019 to 107% in Q1 2020[35] - Operating costs increased by 44.33% to ¥19,374,157.12 from ¥13,423,422.09[19] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 69.06% to CNY -20,713,006.85 year-on-year[9] - The company reported a net cash outflow from operating activities of CNY -20,713,006.85 in Q1 2020, compared to CNY -12,251,805.35 in Q1 2019[40] - The company’s cash flow from operating activities saw a 59.60% decrease in tax payments, totaling ¥3,015,497.33 compared to ¥7,464,787.03[21] - Total cash and cash equivalents at the end of Q1 2020 were 341,994,074.03 RMB, down from 365,339,069.50 RMB at the beginning of the quarter, reflecting a decrease of 23,344,995.47 RMB[44] Assets and Liabilities - Total assets decreased by 5.72% to CNY 539,103,439.96 compared to the end of the previous year[9] - Total liabilities increased to CNY 62,879,884.86 in Q1 2020, compared to CNY 54,059,589.07 in Q1 2019, reflecting a 16.5% rise[32] - The equity attributable to shareholders decreased to CNY 478,653,040.05 from CNY 520,205,901.06, a drop of 8%[32] - The company reported a significant increase in contract liabilities, reaching CNY 29,559,089.15, reflecting a growing backlog of orders[31] Research and Development - R&D investment as a percentage of operating revenue increased by 8.63 percentage points to 15.90%[10] - Research and development expenses rose by 65.33% to ¥4,147,132.68 from ¥2,508,387.01[19] - Research and development expenses increased to CNY 4,147,132.68 in Q1 2020, up 65.3% from CNY 2,508,387.01 in Q1 2019[38] Shareholder Information - The total number of shareholders reached 6,970 by the end of the reporting period[15] - The largest shareholder, Mao Shanjun, holds 47.01% of the shares[15] Other Income and Expenses - The company reported a significant decrease in tax expenses by 87.29%, amounting to ¥237,851.92 compared to ¥1,871,649.58 in the previous year[19] - Other income increased due to tax refunds and subsidies, totaling ¥6,061,027.59[19] - The company incurred credit impairment losses of CNY -950,450.56 in Q1 2020, compared to a gain of CNY 252,943.41 in Q1 2019[39]