锦江B股(900934) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2020 was CNY 2.189 billion, down 34.41% from CNY 3.337 billion in Q1 2019[4] - Net profit attributable to shareholders for Q1 2020 was CNY 170.556 million, a decline of 42.26% compared to CNY 295.378 million in the same period last year[4] - The company reported a net loss of CNY 93.630 million after deducting non-recurring gains and losses, compared to a profit of CNY 70.839 million in Q1 2019[4] - The total revenue for the first quarter of 2020 was CNY 2,189,016,422.49, a decrease of 34.41% compared to CNY 3,337,177,320.89 in the same period last year[27] - The company's operating profit for Q1 2020 was CNY 59,301,793.63, down 86.3% from CNY 433,268,631.66 in Q1 2019[62] - The total profit for Q1 2020 was CNY 63,448,979.65, a decrease of 85.7% compared to CNY 442,414,631.45 in Q1 2019[63] - Basic earnings per share for Q1 2020 were CNY 0.1780, down from CNY 0.3083 in Q1 2019, representing a decrease of 42.3%[63] Cash Flow - Cash flow from operating activities for Q1 2020 was negative CNY 1.350 billion, compared to a positive CNY 52.239 million in Q1 2019[4] - The net cash flow from operating activities for Q1 2020 was -1,350,010,317.53 RMB, a decrease of 1,402,249,644.99 RMB compared to the same period last year[41] - The net cash flow from investing activities was -32,729,392.99 RMB, a decrease of 206,670,106.04 RMB compared to the previous year[41] - The net cash flow from financing activities was 162,157,221.33 RMB, an increase of 917,493,557.07 RMB compared to the same period last year[41] - Total cash inflow from operating activities decreased to 1,984,454,318.84 RMB in Q1 2020, down from 3,504,144,923.68 RMB in Q1 2019, representing a decline of approximately 43.4%[70] - Cash outflow from operating activities was 3,334,464,636.37 RMB in Q1 2020, slightly lower than 3,451,905,596.22 RMB in Q1 2019, indicating a decrease of about 3.4%[70] Assets and Liabilities - Total assets as of March 31, 2020, were CNY 37.998 billion, a decrease of 2.25% compared to the end of 2019[4] - The company's cash and cash equivalents decreased to CNY 4,679,175,562.46 from CNY 5,919,686,146.37, representing a decline of about 20.97%[55] - Total liabilities decreased from CNY 24.52 billion to CNY 23.62 billion, a reduction of approximately 3.67%[57] - The total current liabilities decreased to CNY 6,966,945,867.74 from CNY 7,613,698,804.10, a reduction of about 8.49%[56] - Long-term borrowings slightly decreased to CNY 14,002,962,732.02 from CNY 14,116,412,782.68, indicating a decrease of approximately 0.80%[56] Shareholder Information - The total number of shareholders as of the report date was 45,320, with 21,619 A-share shareholders and 23,701 B-share shareholders[10] - The largest shareholder, Shanghai Jinjiang Capital Co., Ltd., held 50.32% of the shares[10] Revenue Segments - The limited-service hotel business generated combined revenue of CNY 2,135.74 million in Q1 2020, a decrease of 34.89% year-on-year[16] - The food and beverage business achieved combined revenue of CNY 53.25 million in Q1 2020, a decline of 6.65% year-on-year[24] Hotel Operations - The number of newly opened hotels in Q1 2020 was 253, with a net increase of 133 hotels, bringing the total to 8,647 hotels as of March 31, 2020[16] - The average occupancy rate for all operating hotels was 34.04%, a decrease from 73.39% in the previous quarter[88] - The average room price for all operating hotels was CNY 199.59, down from CNY 211.30 in the previous quarter[88] - The average occupancy rate for mid-range hotels decreased by 36.59% to 41.24% in Q1 2020 compared to Q1 2019[89] - RevPAR for mid-range hotels dropped by 50.05% to 105.81 CNY in Q1 2020 from 211.85 CNY in Q1 2019[89] Non-Recurring Gains and Losses - The company recognized non-recurring gains of CNY 264.186 million, primarily from the disposal of subsidiaries and government subsidies[8] - The company reported a significant loss in fair value changes amounting to CNY -215,467,257.34 in Q1 2020, contrasting with a gain of CNY 298,802,025.73 in Q1 2019[62] Investment and Expenses - Investment income surged to CNY 591,426,156.98, a 399.19% increase compared to CNY 118,476,935.94 in the previous year, mainly from the transfer of subsidiary equity[38] - Research and development expenses increased by 32.44% to CNY 23,621,263.29, driven by higher software development costs[38]