Jalon(SH:688357)2020-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 14,695,298.36, down 8.89% year-on-year[6] - Operating revenue for the period was CNY 75,641,368.95, representing an 18.13% decrease compared to the same period last year[6] - Basic earnings per share were CNY 0.25, a decline of 32.43% compared to CNY 0.37 in the same period last year[6] - Total operating revenue for Q1 2020 was ¥75,641,368.95, a decrease of 18.1% compared to ¥92,393,908.64 in Q1 2019[26] - Net profit for Q1 2020 was ¥14,695,298.36, a decline of 9.0% from ¥16,128,754.81 in Q1 2019[28] - Total profit for Q1 2020 was ¥17,027,535.03, a decrease of 8.7% from ¥18,644,988.15 in Q1 2019[26] Cash Flow - The net cash flow from operating activities was CNY -2,703,474.01, an improvement of 46.17% compared to the previous year[6] - Net cash flow from operating activities improved by 46.17% to CNY -2,703,474.01 due to a decrease in cash payments for goods and services[14] - Cash inflow from sales of goods and services in Q1 2020 was ¥44,621,914.19, a decrease of 14.4% compared to ¥52,124,280.46 in Q1 2019[34] - Net cash flow from operating activities in Q1 2020 was -¥2,703,474.01, an improvement from -¥5,022,541.57 in Q1 2019[35] - Cash inflow from investment activities in Q1 2020 totaled ¥450,509,643.56, with cash outflow of ¥488,328,573.43, resulting in a net cash flow of -¥37,818,929.87[36] - Cash inflow from financing activities in Q1 2020 was ¥20,000,000.00, compared to ¥9,000,000.00 in Q1 2019, marking a 122.2% increase[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,154,769,328.43, a decrease of 0.20% compared to the end of the previous year[6] - Total current assets as of March 31, 2020, were CNY 776,522,670.57, slightly down from CNY 778,922,433.02 at the end of 2019[18] - Total liabilities decreased from CNY 285,634,396.84 to CNY 268,681,107.03, a reduction of about 5.93%[20] - Current liabilities decreased from CNY 239,036,909.26 to CNY 222,196,833.72, a reduction of about 7.06%[20] - Non-current liabilities decreased from CNY 46,597,487.58 to CNY 46,484,273.31, a decline of approximately 0.24%[20] - Total liabilities reached ¥285,634,396.84, with current liabilities at ¥239,036,909.26 and non-current liabilities at ¥46,597,487.58[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,343[12] - The largest shareholder, Li Jianbo, held 14,350,000 shares, representing 24.8% of the total shares[12] Research and Development - Research and development expenses accounted for 3.48% of operating revenue, down 21.8% from 4.45% in the previous year[6] - R&D expenses decreased by 35.97% to CNY 2,631,445.93 based on the progress of R&D projects[14] - Research and development expenses for Q1 2020 were ¥2,631,445.93, a decrease of 36.0% from ¥4,109,500.54 in Q1 2019[26] Financial Adjustments and Standards - The company executed a new revenue recognition standard starting January 1, 2020, impacting financial reporting[42] - The company is not applying retrospective adjustments for prior comparative data under the new revenue standards[48] - The cumulative impact of the new revenue standards will adjust the financial statement amounts without altering comparable period data[48] - The company is committed to complying with the new accounting standards as mandated by the Ministry of Finance[48] Other Financial Metrics - The weighted average return on net assets decreased to 1.67%, down 76.87% from 7.22% in the previous year[6] - Management expenses increased by 53.04% to CNY 6,307,696.68 due to higher labor, social security, and employee welfare costs[14] - Other income for Q1 2020 was ¥113,214.27, a significant decrease from ¥844,444.27 in Q1 2019[26]