Kingking(002094)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥821,188,076.71, a decrease of 39.30% compared to ¥1,352,933,351.36 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥19,220,839.71, representing a decline of 170.85% from a profit of ¥27,129,648.87 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥21,339,002.25, down 181.72% from ¥26,110,991.01 in the same period last year[7]. - The basic and diluted earnings per share were both -¥0.028, a decrease of 171.79% from ¥0.039 in the previous year[7]. - The total profit for the first quarter of 2020 decreased by 167.36% compared to the same period in 2019, primarily due to reduced sales from the pandemic[15]. - Net profit for Q1 2020 was a loss of ¥32,432,542.34, compared to a profit of ¥33,134,102.57 in Q1 2019[41]. - Other comprehensive income after tax for Q1 2020 was a loss of ¥15,196,418.82, compared to a gain of ¥2,339,412.80 in Q1 2019[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,574,310,960.98, an increase of 0.43% from ¥5,550,500,569.66 at the end of the previous year[7]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,865,631,634.20, a decrease of 1.17% from ¥2,899,671,015.25 at the end of the previous year[7]. - The company's total liabilities increased to ¥1,607,697,389.47 from ¥1,547,598,346.54, reflecting a rise of 3.9%[40]. - Total liabilities rose from CNY 2,158,406,902.63 to CNY 2,234,259,668.05, an increase of approximately 3.5%[32][34]. - The company's equity attributable to shareholders decreased from CNY 2,899,671,015.25 to CNY 2,865,631,634.20, a decline of about 1.2%[34]. Cash Flow - The company reported a net cash flow from operating activities of -¥231,299,318.25, an improvement from -¥349,087,459.47 in the previous year[7]. - Cash inflows from operating activities totaled 936,580,513.99 CNY, down 44.2% from 1,677,873,121.32 CNY in the previous period[46]. - The net cash flow from operating activities was -231,299,318.25 CNY, an improvement from -349,087,459.47 CNY in the previous period[47]. - Cash outflows from investing activities amounted to 645,003,975.02 CNY, significantly higher than 168,656,038.55 CNY in the previous period[47]. - The ending cash and cash equivalents balance was 890,013,992.36 CNY, down from 929,733,184.69 CNY in the previous period[48]. Revenue and Expenses - For the first quarter of 2020, operating revenue decreased by 39.30% year-over-year, mainly due to reduced sales impacted by the pandemic[14]. - Research and development expenses for the first quarter of 2020 decreased by 39.93% year-over-year, reflecting reduced R&D activities due to the pandemic[15]. - Total operating costs for Q1 2020 were ¥858,905,201.47, down 34.3% from ¥1,304,032,230.94 year-on-year[40]. - Investment income for Q1 2020 was ¥27,372,965.08, significantly higher than ¥5,046,929.32 in the previous year[40]. - Cash received from sales of goods and services decreased by 42.47% in the first quarter of 2020 compared to the same period in 2019, due to reduced sales[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,766[9]. - The company has not undergone an audit for the first quarter report, which may affect investor confidence[58]. Government Support - The company received government subsidies amounting to ¥2,783,766.02 during the reporting period[8]. - Other income increased by 1682.99% in the first quarter of 2020 compared to the same period in 2019, mainly due to increased government subsidies and tax refunds[15]. Changes in Accounting Standards - The company is implementing new revenue and leasing standards, which could impact future financial reporting[58].