三特索道(002159) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥29,825,691.75, a decrease of 72.52% compared to ¥108,524,821.52 in the same period last year[8]. - The net profit attributable to shareholders was -¥78,423,261.87, representing a decline of 101.13% from -¥38,991,614.84 year-on-year[8]. - The net cash flow from operating activities was -¥46,147,897.13, a significant drop of 747.35% compared to -¥5,446,168.64 in the previous year[8]. - Total revenue for the reporting period was CNY 29,825,691.75, a decrease of 72.52% compared to CNY 108,524,821.52 in the same period last year, primarily due to the impact of the pandemic which led to the suspension of operations at all scenic spots from January 24[19]. - The company reported a net investment loss of CNY -1,176,885.58, a decrease of 255.69% year-on-year, attributed to last year's gains from the transfer of equity in South Zhang Real Estate and Chongyang Ecological Farm[19]. - The company reported a total comprehensive income for the first quarter of -29,014,181.64 CNY, compared to 199,309,187.86 CNY in the previous year[50]. - The net loss for Q1 2020 was CNY 81,453,802.76, compared to a net loss of CNY 38,608,501.33 in Q1 2019, indicating an increase in losses of 111%[47]. - The company reported an operating profit of CNY -80,524,342.40 for Q1 2020, compared to CNY -28,823,207.63 in the previous year, indicating a decline in operational performance[46]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,837,677,071.32, down 1.33% from ¥2,876,048,554.68 at the end of the previous year[8]. - The total assets of the company were CNY 2,911,297,034.90 as of Q1 2020, down from CNY 2,988,588,898.74, a decrease of approximately 2.6%[46]. - Total current assets decreased from CNY 634.85 million to CNY 579.52 million, a decline of approximately 8.67%[36]. - Total non-current assets increased from CNY 2.24 billion to CNY 2.26 billion, an increase of about 0.81%[37]. - Total liabilities rose from CNY 1.75 billion to CNY 1.79 billion, an increase of approximately 2.73%[38]. - The company's total liabilities decreased to CNY 1,988,653,728.74 from CNY 2,036,931,410.94, a reduction of approximately 2.4%[46]. - The total equity of the company as of Q1 2020 was CNY 922,643,306.16, down from CNY 951,657,487.80, reflecting a decrease of about 3%[46]. - Total equity attributable to shareholders decreased from CNY 1.07 billion to CNY 993.79 million, a decline of approximately 6.75%[39]. Cash Flow and Financing - Cash received from sales of goods and services was CNY 37,640,491.81, reflecting a decline of 65.96% compared to the previous year, also due to the pandemic-related operational shutdowns[21]. - The company’s cash flow from operating activities showed a significant change, with cash and cash equivalents at CNY 109.17 million compared to CNY 261.23 million previously, a decrease of approximately 58.25%[40]. - The company raised 80,000,000.00 CNY in borrowings during the period, down from 160,000,000.00 CNY in the previous year[52]. - The net cash flow from financing activities was -10,299,595.61 CNY, compared to -66,010,414.61 CNY in the previous year[53]. - The cash outflow from investing activities was 53,372,622.67 CNY, compared to 32,477,383.84 CNY in the previous year[52]. - The company experienced a net decrease in cash and cash equivalents of -55,020,115.41 CNY, compared to -101,168,967.24 CNY in the previous year[53]. Cost Management and Subsidies - The company reduced its sales expenses to CNY 1,866,853.81, down 39.93% from CNY 3,107,662.98, as a result of strict cost control measures during the pandemic[19]. - The company received government subsidies amounting to ¥1,476,166.44, primarily from VAT refunds and employment stabilization subsidies[9]. - The company has actively sought government subsidies and financial support to navigate the challenges posed by the pandemic[25]. - The company reduced its tax expenses to CNY 912,905.04, a decrease of 90.64% compared to CNY 9,751,722.70 in the previous year, due to losses incurred by most subsidiaries during the pandemic[19]. Operational Adjustments - The company has implemented measures to mitigate the impact of the COVID-19 pandemic, including cost reduction, asset disposal, and exploring online marketing strategies[25]. - The company plans to restart its non-public issuance of A-shares, which was previously terminated, pending approval from the China Securities Regulatory Commission[22][23]. - The company has not made any adjustments to the financial statements for the beginning of the year following the implementation of the new revenue recognition standards[64]. - The first quarter report was not audited, indicating that the figures presented are preliminary[64].