ASD(SZ:002403)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥468,094,508.34, a decrease of 45.60% compared to ¥860,483,242.18 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥33,290,483.10, representing a decline of 168.87% from a profit of ¥48,340,845.08 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥29,596,565.95, down 179.50% from ¥37,226,802.06 in the same period last year[7]. - The basic and diluted earnings per share were both -¥0.10, a decrease of 171.43% compared to ¥0.14 in the same period last year[7]. - The total comprehensive income for the first quarter was a loss of CNY 36,068,016.65, compared to a profit of CNY 47,207,550.27 in the previous year[52]. - The operating profit for the first quarter was a loss of CNY 42,421,112.20, compared to a profit of CNY 52,033,351.17 in the previous year[51]. Cash Flow - The net cash flow from operating activities was ¥39,628,386.17, a significant improvement from a negative cash flow of ¥103,647,018.75 in the previous year, marking a change of 138.23%[7]. - Cash flow from operating activities improved to ¥39,628,386.17, a 138.23% increase from a negative cash flow of ¥103,647,018.75 in the previous year, mainly due to reduced operating expenditures[19]. - The cash inflow from operating activities was CNY 770,581,335.21, a decrease from CNY 835,331,291.46 in the previous period[58]. - The cash inflow from financing activities was CNY 209,283,983.91, compared to CNY 367,831,170.21 in the previous period[60]. - The net cash flow from financing activities decreased to CNY 73,979,857.85 from CNY 203,506,013.09 in the previous period[60]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,119,194,772.83, a decrease of 2.42% from ¥5,246,160,201.60 at the end of the previous year[7]. - The total current assets decreased to ¥2,514,827,056.98 from ¥2,665,810,435.94, a decline of about 5.7%[40]. - Total liabilities decreased to CNY 2,201,108,561.86 from CNY 2,116,511,517.95, indicating a reduction of about 4.0%[47]. - The total equity attributable to shareholders decreased to CNY 2,127,498,163.34 from CNY 2,161,029,682.38, a decline of about 1.6%[44]. Expenses - Operating costs decreased to ¥298,218,527.04, down 44.08% from ¥533,278,103.35, reflecting cost control measures[17]. - Research and development expenses were reduced by 41.43% to ¥21,416,388.89 from ¥36,567,473.11, indicating a decrease in R&D investment[17]. - The sales expenses for the first quarter were CNY 139,721,153.78, down from CNY 185,613,855.71 in the previous year[50]. - The company reported a credit impairment loss of CNY 14,090,085.21, contrasting with a reversal of CNY 3,848,074.28 in the previous year[50]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,462, with the largest shareholder, Aishida Group Co., Ltd., holding 35.07% of the shares[11]. - The company plans to extend its employee stock ownership plan for an additional 12 months, reflecting confidence in future stable development[20]. Financial Strategy and Investments - The company’s financial strategy includes a focus on wealth management and derivative investments to enhance liquidity and manage currency risk[30]. - The company engaged in derivative investments with a total initial investment of 100 million USD, with no impairment provisions recorded during the reporting period[30]. - The company has maintained a liquidity position with no overdue receivables from wealth management investments[29]. Compliance and Reporting - There were no instances of non-compliance with external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[34][35]. - The first quarter report for 2020 was not audited, indicating preliminary figures[72]. - The company has implemented the new revenue and lease standards starting January 1, 2020, affecting financial reporting[72].