中天服务(002188) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥366,380.56, a decrease of 97.76% compared to ¥16,354,084.18 in the same period last year[7]. - The net profit attributable to shareholders was -¥3,614,289.61, representing a decline of 176.48% from ¥4,725,703.69 in the previous year[7]. - The basic earnings per share were -¥0.01, down 150.00% from ¥0.02 in the previous year[7]. - Operating revenue decreased by 97.76% year-on-year, mainly due to the decline in orders affected by the lawsuit against the subsidiary Zhejiang Xinjialian Electronic Technology Co., Ltd.[14]. - Operating costs decreased by 99.40% year-on-year, corresponding to the reduction in operating revenue[14]. - Net profit decreased by 176.48% year-on-year, primarily due to the reversal of estimated liabilities in the previous year, which led to profit; excluding non-recurring gains and losses, the loss amount decreased year-on-year[14]. - The company reported a net loss of ¥2,028,546,291.79 in retained earnings as of January 1, 2020[58]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥20,000,644.04, an increase of 217.89% compared to -¥16,965,550.29 in the same period last year[7]. - The company's cash and cash equivalents decreased to CNY 51,098,889.86 from CNY 53,463,654.64[34]. - The company reported a cash and cash equivalents balance of CNY 46,268,209.59 at the end of the period, an increase from CNY 38,709,981.86 in the previous period[52]. - The net cash increase in cash and cash equivalents for Q1 2020 was ¥22,944,748.52, compared to a decrease of ¥549,635.00 in Q1 2019[55]. Assets and Liabilities - Total assets at the end of the reporting period were ¥105,051,568.02, a decrease of 4.13% from ¥109,581,247.49 at the end of the previous year[7]. - The total liabilities of the company were CNY 96,185,164.68, slightly down from CNY 97,100,554.54[36]. - The company's current liabilities increased significantly to CNY 62,555,007.35 from CNY 3,459,020.76, reflecting a substantial rise[36]. - The non-current liabilities decreased to CNY 33,630,157.33 from CNY 93,641,533.78, showing a reduction of approximately 64.1%[36]. - The total assets as of January 1, 2020, were ¥109,581,247.49, with current assets totaling ¥66,164,082.25 and non-current assets totaling ¥43,417,165.24[57]. - The total liabilities as of January 1, 2020, were ¥97,100,554.54, with current liabilities amounting to ¥3,459,020.76 and non-current liabilities totaling ¥93,641,533.78[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,626[10]. - The largest shareholder, Shanghai Tianji Investment Co., Ltd., held 20.30% of the shares, amounting to 60,013,002 shares[10]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥140,756.28 during the reporting period[8]. - Interest income increased by 327.44% year-on-year, mainly due to the increase in deposit interest income[14]. - Financial expenses decreased by 90.78% year-on-year, mainly due to a reduction in foreign exchange losses[14]. - Credit impairment losses increased by 104.77% year-on-year, mainly due to the reclassification of bad debt losses to credit impairment losses under the new financial instrument standards[14]. - The company incurred financial expenses of CNY 312,181.30, down from CNY 1,270,667.97 in the previous period, showing a reduction of approximately 75%[46]. Legal and Compliance - The company has initiated legal action against 12 compensation obligors for failing to fulfill profit commitments, which were originally set at CNY 10,000 million, CNY 15,000 million, and CNY 20,000 million[23]. - The company has signed agreements to repurchase shares from related shareholders as part of the compensation arrangement[23]. - The first quarter report for 2020 was not audited[61].