FOUNTAIN(SZ:000005)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥45,702,945.93, a decrease of 45.41% compared to ¥83,719,268.04 in the same period last year[9]. - The net profit attributable to shareholders was -¥20,988,032.47, compared to -¥17,751,127.36 in the previous year[9]. - The net cash flow from operating activities decreased by 64.59%, from ¥70,477,020.08 to ¥24,953,058.15[9]. - The weighted average return on net assets was -1.36%, a decrease of 0.16% from -1.20% in the previous year[9]. - Net loss for Q1 2020 was CNY 22,357,995.69, compared to a net loss of CNY 17,959,877.54 in the same period last year[39]. - The total comprehensive income attributable to the parent company is CNY -20,988,032.47, compared to CNY -17,751,127.36 in the previous period[43]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,788,703,434.50, down 3.37% from ¥2,885,861,231.16 at the end of the previous year[9]. - The company's total assets amounted to CNY 2,788,703,434.50, a decrease from CNY 2,885,861,231.16 on December 31, 2019, reflecting a decline of approximately 3.8%[28][30]. - The company's current assets totaled CNY 1,535,927,095.68, down from CNY 1,649,406,387.47 at the end of 2019, indicating a decrease of about 6.9%[28][30]. - The company's total liabilities were CNY 1,158,692,872.75, down from CNY 1,233,478,687.15, reflecting a decrease of about 6.1%[30][31]. - Total liabilities as of March 31, 2020, were CNY 552,197,817.63, a decrease from CNY 646,614,118.88 in the previous period[35]. - The company's total equity stood at CNY 1,652,382,544.01, unchanged from the previous period[55]. Cash Flow - The net cash flow from operating activities was CNY 2,819,651.32, a decrease of 93.7% compared to the previous period's CNY 44,974,872.31[50]. - Cash received from operating activities totaled CNY 13,744,700.00, significantly lower than CNY 77,168,013.16 in the previous period[50]. - Cash outflows from operating activities amounted to CNY 10,925,048.68, down from CNY 32,193,140.85 in the previous period[50]. - The net cash flow from investing activities was CNY 120,000,000.00, indicating a positive cash inflow from asset disposals[51]. - Cash inflows from financing activities were CNY 180,000,000.00, while cash outflows totaled CNY 344,897,798.21, resulting in a net cash flow of -CNY 2,966,600.00[51]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 119,419[12]. - The company plans to continue its strategy of increasing shareholding through the Shenzhen Stock Exchange within the next 18 months[17]. - The company plans to extend its share buyback commitment for another year due to changes in market conditions, aiming to buy back between 1% and 3% of its total shares[18]. Operational Challenges - The decrease in operating revenue was attributed to project delays caused by the pandemic, leading to reduced output[16]. - The company did not engage in any research and development activities or new product launches during the reporting period[22]. - The company has no securities investments, entrusted wealth management, or derivative investments during the reporting period[19][20][21]. Research and Development - Research and development expenses for Q1 2020 were CNY 7,337,256.29, an increase from CNY 5,462,978.50 in the previous period[38]. - The company incurred research and development expenses of CNY 611,904.13 during the current period[42]. Leadership - The company’s chairman is Ding Peng, indicating leadership continuity[61].