ZTG(SZ:000430)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥10,909,525.46, a decrease of 79.90% compared to ¥54,266,913.74 in the same period last year[9] - The net profit attributable to shareholders was -¥36,717,801.31, representing a decline of 342.70% from -¥8,294,021.54 year-on-year[9] - The net cash flow from operating activities was -¥102,283,389.72, a significant drop of 313.36% compared to -¥24,744,360.76 in the previous year[9] - Basic and diluted earnings per share were both -¥0.0907, down 342.44% from -¥0.0205 in the same period last year[9] - The company achieved operating revenue of RMB 10.91 million in Q1 2020, down RMB 43.36 million or 79.90% year-on-year[17] - The net profit attributable to shareholders was -RMB 36.72 million, an increase in loss of RMB 28.42 million compared to -RMB 8.29 million in the same period last year[17] - The company's operating revenue for Q1 2020 was CNY 1,596,535.23, a decrease of 80.24% compared to CNY 8,084,928.05 in the same period last year[43] - The net profit for Q1 2020 was a loss of CNY 36,712,783.93, compared to a loss of CNY 8,608,143.63 in Q1 2019, reflecting a significant increase in losses[41] - The total comprehensive income for Q1 2020 was a loss of CNY 36,712,783.93, compared to a loss of CNY 8,608,143.63 in Q1 2019[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,651,287,865.32, a decrease of 0.63% from ¥2,668,026,912.74 at the end of the previous year[9] - The total liabilities as of March 31, 2020, were CNY 1,083,654,232.43, slightly up from CNY 1,064,741,110.67 at the end of 2019[32] - The total assets as of March 31, 2020, were CNY 2,651,287,865.32, down from CNY 2,668,026,912.74 at the end of 2019[32] - The total equity attributable to shareholders decreased to CNY 1,566,842,719.19 from CNY 1,602,499,905.75, a decline of 2.2%[32] - The total liabilities were recorded at 1,064,741,110.67 yuan, indicating a manageable debt level relative to assets[55] Visitor and Revenue Impact - The company received 150,600 ticketed visitors in Q1 2020, a decrease of 774,300 visitors or 83.72% compared to the same period last year[17] - The subsidiary "Environmental Passenger Transport" saw ticket sales drop by 87.02% to 65,500 visitors and revenue decline by 86.92% to RMB 2.32 million[17] - "Baofeng Lake" reported a visitor decrease of 82.77% to 15,200 and revenue drop of 78.62% to RMB 1.74 million[17] - "Ten-Mile Gallery" had a visitor decline of 79.97% to 36,800 and revenue decrease of 81.18% to RMB 1.28 million[17] - "Zhangjiajie International Hotel" reported revenue of RMB 1.41 million, down 54.99% from RMB 3.13 million in the previous year[17] Cash Flow and Investments - The company's cash and cash equivalents as of March 31, 2020, were RMB 94.97 million, down from RMB 130.86 million at the end of 2019[29] - The cash flow from financing activities generated a net inflow of 85,546,138.83 yuan, compared to 58,852,118.03 yuan in the previous period, indicating effective capital raising strategies[49] - The net cash flow from investment activities was 21,083,243.21 yuan, a turnaround from -388,901.17 yuan in the previous period, showing improved investment performance[52] - The company reported a significant decrease in sales revenue from 7,798,950.09 yuan to 1,879,764.00 yuan, reflecting challenges in revenue generation[51] Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,300[12] - The largest shareholder, Zhangjiajie Economic Development Investment Group, held 27.83% of the shares[12] Accounting and Reporting - The company did not report any adjustments or restatements of prior year accounting data[9] - The company has not undergone an audit for the first quarter report, which may affect investor confidence[59] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting[59]