SDR(SZ:000603)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥140,809,175.41, a decrease of 75.09% compared to ¥565,244,848.65 in the same period last year[9]. - The net profit attributable to shareholders was -¥43,257,761.46, representing a decline of 144.46% from ¥97,289,387.71 year-on-year[9]. - The basic earnings per share were -¥0.0627, down 144.46% from ¥0.1410 in the same period last year[9]. - The net profit for the current period is a loss of ¥46,678,706.24, compared to a net profit of ¥103,400,868.13 in the previous period, reflecting a substantial decline in profitability[65]. - The total comprehensive income for the current period is -¥46,678,706.24, compared to ¥103,400,868.13 in the previous period[68]. - The company reported a net profit of -19,170,527.08, compared to a profit of 25,310,248.44 in the previous period, indicating a significant decline in profitability[72]. Cash Flow - The net cash flow from operating activities was -¥160,850,380.61, an improvement of 28.64% compared to -¥225,409,714.55 in the previous year[9]. - The company reported a significant decrease in cash flow from financing activities, down 144.19% to -¥18,064,629.17 from ¥40,881,975.01, due to no new financing this period[28]. - Cash flow from operating activities showed a net outflow of -160,850,380.61, an improvement from -225,409,714.55 in the prior period[80]. - The financing activities resulted in a net cash outflow of -18,064,629.17, contrasting with a net inflow of 40,881,975.01 in the previous period[82]. - The cash flow from financing activities showed a net outflow of -15,356,629.17 CNY, contrasting with a substantial inflow of 728,041,875.01 CNY in the prior period[86]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,077,598,610.16, a decrease of 6.22% from ¥4,347,903,781.43 at the end of the previous year[9]. - The net assets attributable to shareholders were ¥2,207,871,717.86, down 1.91% from ¥2,250,764,558.48 at the end of the previous year[9]. - Total liabilities decreased from 1,685,080,662.14 to 1,463,789,276.27, a decrease of about 13.1%[47]. - The company's total liabilities amount to ¥1,131,400,128.62, a decrease from ¥1,160,032,078.01 in the previous period[57]. - The owner's equity decreased from 2,662,823,119.29 to 2,613,809,333.89, a decline of approximately 1.8%[50]. Shareholder Information - The top shareholder, Gansu Shengda Group Co., Ltd., holds 31.30% of the shares, totaling 215,939,596 shares[14]. - The total number of ordinary shareholders at the end of the reporting period was 41,296[14]. Government Support - The company received government subsidies amounting to ¥267,147.44 during the reporting period[9]. Changes in Financial Position - The company's cash and cash equivalents decreased by 80.36% to ¥63,994,518.47 from ¥325,806,033.61 due to tax payments and asset acquisitions[25]. - Accounts receivable decreased by 39.35% to ¥27,948,051.92 from ¥46,078,852.53, attributed to collection of receivables[25]. - The company's contract liabilities amounted to ¥185,295,199.12, reflecting a reclassification from advance receipts under new revenue standards[25]. - The fair value change loss was ¥-2,090,343.15, a 152.12% decrease from a gain of ¥4,011,019.32, due to declines in trading financial assets[25]. - The company's prepayments increased by 36.16% to ¥140,982,650.92 from ¥103,540,803.45, mainly due to increased advance payments for orders[25]. Financial Standards and Reporting - The company executed adjustments in its financial statements due to the adoption of new revenue and leasing standards, impacting the classification of contract liabilities[90]. - The first quarter report for 2020 has not been audited[100]. - The company has implemented new revenue and lease standards starting in 2020, with retrospective adjustments to prior comparative data[100]. - The report was presented by the Chairman, Zhu Shengli, on April 27, 2020[101].