全聚德(002186) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥180,258,042.16, a decrease of 55.03% compared to ¥400,797,521.39 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥88,500,985.00, representing a decline of 931.66% from a profit of ¥10,641,463.19 in the previous year[7] - Basic earnings per share were -¥0.2869, a significant drop of 931.59% from ¥0.0345 in the previous year[7] - Operating profit for Q1 2020 was RMB -94,488,581.95, a decline of 598.02% from RMB 18,972,701.15 in Q1 2019, significantly affected by reduced revenue[17] - Net profit attributable to the parent company for Q1 2020 was RMB -88,500,985.00, a decrease of 931.66% compared to RMB 10,641,463.19 in Q1 2019[17] - The total comprehensive income for the period was -CNY 96,409,220.05, a stark contrast to CNY 7,929,749.50 previously[48] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥54,427,608.92, worsening by 180.55% compared to a negative cash flow of ¥19,400,100.13 in the same period last year[7] - Cash and cash equivalents at the end of Q1 2020 were RMB 258,134,318.83, down 35.70% from RMB 401,475,596.98 at the end of Q1 2019, mainly due to reduced cash flow from operating activities[18] - The total cash outflow from operating activities was 245,539,873.51 RMB, down from 463,229,555.96 RMB year-on-year, reflecting a significant reduction in cash expenditures[55] - The cash and cash equivalents at the end of the period were 258,134,318.83 RMB, down from 401,475,596.98 RMB at the end of the previous year, indicating a decrease in liquidity[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,952,847,222.78, down 2.28% from ¥1,998,323,320.90 at the end of the previous year[7] - The company's total current assets amounted to ¥869.43 million, down from ¥903.62 million at the end of 2019, indicating a decrease of about 3.8%[37] - Total liabilities increased to CNY 474,331,408.56 from CNY 423,398,286.63, representing an increase of 12.0%[39] - Current liabilities totaled CNY 464,938,221.41, up 12.3% from CNY 413,971,907.64 in the previous period[39] - The company's equity attributable to shareholders decreased to CNY 1,413,156,748.58 from CNY 1,501,657,733.58, a decline of 5.9%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,208[11] - The largest shareholder, Beijing Capital Tourism Group Co., Ltd., held 42.67% of the shares, totaling 131,606,774 shares[12] - The company plans to repurchase 0.5% to 1% of its total shares, with a total repurchase amount not exceeding RMB 42 million, to be used for equity incentive plans[20] Investment and Expenses - The company reported non-operating income of ¥3,110,451.00, which includes government subsidies and investment income[8] - The company’s investment income decreased by 80.76% to RMB 1,369,209.95 in Q1 2020, due to reduced earnings from its associate companies impacted by the pandemic[17] - Research and development expenses were CNY 276,204.00, slightly up from CNY 231,808.00, indicating continued investment in innovation[50] - The company faced a significant increase in sales expenses, which reached CNY 21,425,496.89 compared to CNY 159,334,750.44 in the prior period[47] Accounting Standards and Reporting - The company has implemented new revenue and leasing standards starting from January 1, 2020, which may impact future financial reporting[60] - The company reported a significant adjustment in the presentation of contract liabilities due to the new revenue recognition standards effective from January 1, 2020[66] - The first quarter report for 2020 was not audited, indicating a potential area for further scrutiny in financial reporting[68]