CRM(SZ:000927)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥35,306,442.43, a decrease of 73.82% compared to the same period last year[2] - The net profit attributable to shareholders was -¥127,925,313.55, representing a 35.72% improvement from -¥199,017,387.55 in the previous year[2] - The basic and diluted earnings per share were both -¥0.08, a 33.33% improvement from -¥0.12 in the previous year[2] - Total operating revenue for Q1 2020 was ¥35,306,442.43, a decline of 73.82% compared to ¥134,873,654.33 in Q1 2019, attributed to production halts and shrinking main business[6] - Net loss for Q1 2020 was CNY 127,925,313.55, compared to a net loss of CNY 198,991,701.21 in Q1 2019, representing a 35.7% improvement[14] - The company recorded a total comprehensive loss of CNY 127,319,373.95 for Q1 2020, compared to a loss of CNY 198,991,701.21 in the same quarter last year[14] Cash Flow - The net cash flow from operating activities was -¥74,589,062.58, showing a 70.05% increase compared to -¥249,033,533.61 in the same period last year[2] - The company's cash flow from operating activities was significantly impacted by a decrease in sales revenue, with cash received from sales at 37,920,339.53 CNY, down from 107,673,321.45 CNY year-over-year[16] - The company reported a total cash outflow from operating activities of 152,590,944.98 CNY, down from 647,797,162.31 CNY in the previous year, reflecting improved cash management[16] - Cash and cash equivalents decreased by 51.92% to ¥79,118,488.59 from ¥164,564,197.44 due to production stoppage and expenses exceeding revenue[6] - The cash outflow from investing activities was 53,531.70 CNY, compared to 40,926,881.48 CNY in the previous year, showing a drastic reduction in investment spending[16] - The cash flow from financing activities resulted in a net outflow of -10,820,625.00 CNY, compared to -13,637,250.00 CNY in the same quarter last year, indicating a decrease in financing costs[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,823,197,757.17, down 6.34% from ¥1,946,530,105.55 at the end of the previous year[2] - The total liabilities increased from CNY 3,305,441,968.53 to CNY 3,309,428,994.10, a rise of about 0.1%[12] - The company's equity attributable to shareholders decreased from CNY -1,386,728,617.01 to CNY -1,514,047,990.96, reflecting a decline of approximately 9.2%[12] - Total current assets were CNY 805,381,144.29, which is essential for evaluating short-term financial health[18] - The total non-current assets decreased from CNY 1,216,980,241.36 to CNY 1,178,482,419.93, a decline of approximately 3.2%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,674[4] - The largest shareholder, China First Automobile Group Co., Ltd., held 47.73% of the shares, totaling 761,427,612 shares[4] Expenses - Total operating costs decreased by 55.37% to ¥169,615,321.97 from ¥380,069,099.15, reflecting the impact of production stoppage[6] - The company reported a significant reduction in sales expenses, which fell by 66.94% to ¥9,092,368.77 from ¥27,501,540.56, as a result of production halts[6] - Management expenses surged by 149.01% to ¥116,998,957.84 from ¥46,984,930.85, indicating increased operational costs despite reduced production[6] - Research and development expenses for Q1 2020 were CNY 257,390.95, with no comparative figure provided for the previous year[13] - Other income for Q1 2020 was CNY 91,332.76, a decrease from CNY 40,250,000.00 in the previous year[13]