久其软件(002279) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥496,146,140.14, a decrease of 5.09% compared to ¥522,758,320.57 in the same period last year[8]. - The net profit attributable to shareholders was -¥70,709,747.99, worsening from -¥59,221,556.61 year-on-year[8]. - The basic and diluted earnings per share were both -¥0.0994, compared to -¥0.0833 in the same period last year[8]. - The weighted average return on equity was -7.40%, a decline of 2.04% from -5.36% year-on-year[8]. - The company reported a net loss of ¥220,520,159.55 for the first quarter of 2020, compared to a profit of ¥14,922,706.30 in the previous quarter[37]. - The company reported a net loss of CNY 76.18 million, compared to a net loss of CNY 65.21 million in Q4 2019, representing an increase in loss of 16.5%[44]. - Total comprehensive income for the first quarter was -52,372,528.69 CNY, compared to -48,158,101.90 CNY in the previous period, indicating a decline[46]. - Basic and diluted earnings per share were both -0.0736 CNY, compared to -0.0677 CNY in the previous period, reflecting a decrease in profitability[46]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥159,467,252.59, an improvement from -¥213,063,496.02 in the previous year[8]. - Cash received from tax refunds increased by 753.31% to CNY 9.41 million, due to VAT refunds received[17]. - Cash paid for purchasing goods and services rose by 30.20% to CNY 653.79 million, driven by increased media resource purchases[17]. - Cash inflow from operating activities was 724,707,408.49 CNY, up from 580,871,594.39 CNY in the previous period, showing a growth of approximately 24.7%[48]. - Cash outflow from operating activities totaled 884,174,661.08 CNY, compared to 793,935,090.41 CNY in the previous period, representing an increase of about 11.4%[49]. - Cash and cash equivalents at the end of the period increased to 717,303,576.34 CNY from 462,967,270.18 CNY, marking a rise of approximately 55.0%[50]. - Cash flow from financing activities resulted in a net outflow of -14,974,212.01 CNY, compared to a net inflow of 101,037,575.71 CNY in the previous period, indicating a shift in financing strategy[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,833,424,313.30, down 6.68% from ¥3,036,280,249.02 at the end of the previous year[8]. - The total amount of entrusted wealth management reached RMB 38.4 million, with no overdue amounts reported[27]. - Total liabilities rose to ¥1,898,125,381.33 from ¥1,842,123,041.48, marking an increase of approximately 3.1%[36]. - The company's total liabilities increased to CNY 1.96 billion as of March 31, 2020, up from CNY 1.56 billion at the end of 2019[41]. - Owner's equity decreased to CNY 981.42 million from CNY 1.19 billion at the end of 2019, reflecting a decline of 17.7%[41]. - The total current assets increased from CNY 1,829,308,712.15 to CNY 1,870,641,936.29, an increase of CNY 41,333,224.14[56]. Shareholder Information - The total number of shareholders at the end of the reporting period was 61,899[11]. - The largest shareholder, Beijing Jiuqi Technology Investment Co., Ltd., held 13.68% of the shares, amounting to 97,301,009 shares[11]. - During the reporting period, the company repurchased 1,727,700 shares at a total cost of RMB 12,098,859, with a maximum price of RMB 7.20 per share and a minimum price of RMB 6.50 per share[23]. Operational Changes - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting and performance metrics[54]. - The company initiated arbitration to recover approximately CNY 1.195 billion related to a fraudulent acquisition agreement[19]. - The company completed the transfer of 51% equity in Fengyu Network for RMB 4.59 million, which will no longer be included in the consolidated financial statements[21]. - The company has not engaged in any securities or derivative investments during the reporting period[24][26]. - There were no violations regarding external guarantees during the reporting period[28]. - The company reported no non-operating fund occupation by controlling shareholders or related parties[29]. - The company has not conducted any investor communications or interviews during the reporting period[30].