KAMA(SH:900953)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 991.18% to a loss of CNY 21,890,246.79, compared to a profit of CNY 2,456,308.85 in the same period last year[5] - Operating revenue fell by 29.35% to CNY 759,868,969.66, down from CNY 1,075,519,638.92 year-on-year[5] - The company experienced a 297.60% decrease in operating profit, resulting in a loss of CNY 28,095,652.52, compared to a profit of CNY 14,218,746.63 in the previous year[10] - The net profit attributable to the parent company decreased to -21,890,246.79 RMB, compared to 2,456,308.85 RMB in the previous period, indicating a significant decline[11] - Net loss for Q1 2020 was ¥29,592,304.76, compared to a net profit of ¥6,156,184.52 in Q1 2019[27] - The company reported a gross profit margin of approximately -5.2% in Q1 2020, compared to a positive margin in Q1 2019[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 51,482,729.75, a decrease of 132.76% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of -51,482,729.75 RMB, a decrease of 132.76% compared to the previous period's inflow of 157,153,952.07 RMB, primarily due to the impact of the COVID-19 pandemic on sales collections[11] - The net cash flow from operating activities was significantly impacted by a decrease in sales due to the pandemic, leading to a cash flow deficit[11] - The operating cash flow for Q1 2020 was negative at CNY -51,482.73 million, a decline from a positive cash flow of CNY 157,153.95 million in Q1 2019[33] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 509,550.52 million in Q1 2020, down from CNY 977,590.41 million in Q1 2019, reflecting a decline of approximately 48%[32] - The cash and cash equivalents at the end of Q1 2020 were CNY 208,255.15 million, down from CNY 408,277.89 million at the end of Q1 2019, indicating a decrease of about 49%[33] Assets and Liabilities - Total assets increased by 1.57% to CNY 5,157,354,332.71 compared to the end of the previous year[5] - The total liabilities as of March 31, 2020, were 4,119,154,968.04 RMB, compared to 3,997,386,574.76 RMB at the end of 2019, indicating an increase in financial obligations[18] - The company's total assets reached 5,157,354,332.71 RMB, up from 5,077,490,999.27 RMB at the end of the previous year[18] - Long-term payables increased by 180.86% to CNY 258,493,003.46, attributed to new financing lease borrowings[10] - Total current assets as of March 31, 2020, amounted to 2,942,169,845.14 RMB, an increase from 2,850,777,147.45 RMB at the end of 2019[16] Shareholder Information - The number of shareholders reached 26,187, with the top ten shareholders holding a combined 73.04% of shares[8] Government Support - The company received government subsidies amounting to CNY 11,675,740.96, a significant increase of 829.26% compared to the previous year[10] Research and Development - The company reported a significant increase in development expenditures by 35.36% to CNY 39,734,020.06, primarily due to new product R&D in the commercial vehicle sector[10] - Research and development expenses for Q1 2020 were ¥8,082,024.94, down 27.1% from ¥11,086,921.89 in Q1 2019[26] Legal Issues - The company is currently involved in legal disputes related to its subsidiaries, which may affect future financial performance[12] Retained Earnings - The company reported a decrease in retained earnings, with an accumulated loss of -439,377,742.43 RMB as of March 31, 2020, compared to -417,487,495.64 RMB at the end of 2019[18]