盈方微(000670) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was 0.00 yuan, a decrease of 100.00% compared to 759,434.65 yuan in the same period last year[7]. - The net profit attributable to shareholders was -1,025,160.79 yuan, representing a 95.60% improvement from -23,297,933.52 yuan year-on-year[7]. - The net cash flow from operating activities was -4,846,934.61 yuan, showing a 75.04% reduction compared to -19,415,851.70 yuan in the previous year[7]. - The basic earnings per share were -0.0013 yuan, an improvement of 95.44% from -0.0285 yuan in the same period last year[7]. - The net profit for the current period is -1.1052 million yuan, an increase of 22.52 million yuan or 95.32% compared to the same period last year, mainly due to cost control and recovery of receivables[14]. - Net loss for the first quarter was -1,105,240.14, compared to a net loss of -23,625,272.68 in the same period last year, showing an improvement[38]. - The total comprehensive income for Q1 2020 was -2,484,825.52, compared to -649,839.02 in the previous year[42]. Assets and Liabilities - Total assets at the end of the reporting period were 52,566,112.32 yuan, down 9.62% from 58,161,668.17 yuan at the end of the previous year[7]. - The company's total assets decreased from ¥58,161,668.17 to ¥52,566,112.32, reflecting a decline of about 9.7%[29]. - Total current assets decreased from ¥22,567,259.48 to ¥16,649,598.57, a reduction of approximately 26.2%[28]. - Total liabilities decreased from ¥89,880,590.69 to ¥86,599,651.12, a reduction of approximately 3.6%[30]. - The total liabilities as of March 31, 2020, were 37,454,922.25, compared to 28,294,415.55 at the end of the previous year, indicating an increase[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,667[10]. - The largest shareholder, Shanghai Shunyuan Enterprise Investment Development Co., Ltd., held 14.70% of the shares, totaling 120,022,984 shares[10]. - The company reported a net profit attributable to shareholders of the parent company for 2015 that did not meet the forecast, resulting in a compensation difference of ¥22,904,018.08[18]. - The company has communicated with shareholders regarding the performance commitments and has proposed measures to ensure compliance[18]. Cash Flow and Expenses - The ending balance of cash and cash equivalents is 4.1635 million yuan, a decrease of 481.30 thousand yuan or 53.62% compared to the end of the previous year, primarily due to a significant decline in revenue caused by the pandemic[14]. - The company's cash and cash equivalents decreased from ¥8,976,493.99 on December 31, 2019, to ¥4,163,533.47 on March 31, 2020, representing a decline of approximately 53.7%[28]. - The company incurred management expenses of 2,456,557.79, significantly higher than 647,435.17 in the previous year[40]. - The company's management expenses for the current period are 5.3096 million yuan, a decrease of 1.05938 million yuan or 66.61% compared to the same period last year, primarily due to cost control measures[14]. Credit and Impairment - The company reported a significant increase in credit impairment losses for the current period, amounting to 4.1789 million yuan, an increase of 395.67 thousand yuan or 1,780.72% compared to the same period last year[14]. - The company reported a credit impairment loss of 4,178,911.33 for the first quarter, compared to 222,197.11 in the previous year[37]. - The company experienced a credit impairment loss of -27,811.87, compared to -9.00 in the same period last year[40]. Regulatory and Compliance - The company’s stock was suspended from trading on April 7, 2020, due to consecutive negative net profits for three fiscal years (2017, 2018, 2019) as per the Shenzhen Stock Exchange regulations[15]. - The company corrected prior accounting errors as of April 27, 2020, following the approval of the board and supervisory committee, with relevant reports issued by the auditing firm[16]. - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[54]. - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[54]. Investor Relations - The company engaged in 42 interactions through its investor relations platform during the reporting period[22]. - There were no securities investments, entrusted wealth management, or derivative investments during the reporting period[19][20][21].