Seeyon(SH:688369)2020-04-27 16:00Financial Performance - Operating revenue for the period was CNY 70,746,523.64, a decrease of 15.29% year-on-year[6] - Net profit attributable to shareholders was CNY -96,144.05, compared to CNY -8,240,267.64 in the same period last year[6] - The company's revenue for Q1 2020 was 70.75 million, a decrease of 15.29% compared to the same period last year, primarily due to delays in contract signing and project delivery caused by the COVID-19 pandemic[12] - The net profit attributable to shareholders was -0.0961 million, a reduction in loss by 8.1441 million compared to the same period last year, attributed to increased idle fund investment income and government subsidies[12] - The basic earnings per share were -0.0012 yuan, compared to -0.14 yuan in the same period last year, reflecting the loss incurred this quarter[12] - Total operating revenue for Q1 2020 was ¥70,746,523.64, a decrease of 15.3% compared to ¥83,513,854.22 in Q1 2019[24] - Net profit for Q1 2020 was -¥512,144.01, an improvement from -¥8,103,382.32 in Q1 2019[25] - The company reported a significant increase in cash flow due to government subsidies and investment income, which helped mitigate the impact of reduced revenue[12] - The total comprehensive income for Q1 2020 was ¥908,511.03, a recovery from a loss of ¥8,594,558.10 in Q1 2019[28] Assets and Liabilities - Total assets decreased by 7.02% to CNY 1,565,154,084.25 compared to the end of the previous year[6] - As of March 31, 2020, total assets amounted to 1,565.15 million, down from 1,683.37 million at the end of 2019[16] - Current assets totaled 1,522.69 million, a decrease from 1,639.73 million at the end of 2019[15] - The company's total liabilities were 336.42 million, down from 454.13 million at the end of 2019, indicating a reduction in financial obligations[17] - Total liabilities decreased to ¥300,179,423.37 from ¥412,062,047.92, a reduction of 27.0%[20] - The company's equity increased slightly to ¥1,215,604,137.84 from ¥1,214,695,626.81, indicating a marginal growth of 0.1%[20] - Total current liabilities included approximately $104.41 million in employee compensation payable[40] Cash Flow - The net cash flow from operating activities was CNY -116,242,591.14, an improvement from CNY -140,644,449.74 in the previous year[6] - The net cash flow from operating activities for Q1 2020 was -¥116,242,591.14, an improvement from -¥140,644,449.74 in Q1 2019[31] - Cash and cash equivalents stood at 781.99 million, an increase from 768.09 million at the end of 2019[15] - The company reported cash inflows from investment activities of ¥859,985,865.13 in Q1 2020, a substantial increase from ¥4,081,687.33 in Q1 2019[31] - The cash outflow for investment activities in Q1 2020 was ¥729,802,741.88, compared to ¥126,918,951.87 in Q1 2019[31] - The net increase in cash and cash equivalents for Q1 2020 was ¥19,862,046.85, compared to a decrease of ¥252,354,504.71 in the previous period[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,746[10] - The largest shareholder, Xu Shi, holds 23.13% of the shares, totaling 17,810,000 shares[10] - The equity attributable to shareholders was 1,221.68 million, slightly down from 1,221.77 million at the end of 2019[17] Research and Development - R&D investment accounted for 25.37% of operating revenue, an increase of 4.83 percentage points from the previous year[6] - Research and development expenses for Q1 2020 were ¥17,945,038.43, compared to ¥17,157,057.75 in Q1 2019, showing an increase of 4.6%[24] - Research and development expenses increased to ¥19,373,942.51 in Q1 2020, up 15.6% from ¥16,798,606.82 in Q1 2019[27] Regulatory Changes - The company adopted new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[38] - The company adopted new revenue recognition standards effective January 1, 2020, impacting financial reporting[41] - The company has not made any adjustments to prior period data due to the new revenue standards[42] - The company has not applied any retrospective adjustments for the new revenue and lease standards[42]