KINGLAND(SZ:002443)2020-04-24 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥719,406,453.59, a decrease of 31.41% compared to ¥1,048,808,042.54 in the same period last year[7] - Net profit attributable to shareholders was ¥43,041,339.31, reflecting a slight increase of 1.07% from ¥42,586,328.31 year-on-year[7] - The net profit after deducting non-recurring gains and losses surged by 92.13% to ¥37,741,090.51, compared to ¥19,643,969.10 in the previous year[7] - Operating revenue for the period was 719.41 million yuan, a decrease of 31.41% year-on-year, primarily due to the impact of COVID-19 on production and sales[16] - The net profit for Q1 2020 was CNY 47,994,916.37, slightly up from CNY 47,620,515.21, showing a marginal increase of 0.8% year-over-year[42] - The profit attributable to the parent company's shareholders was CNY 43,041,339.31, compared to CNY 42,586,328.31 in the previous year, reflecting a growth of 1.1%[42] - The total profit for Q1 2020 was CNY 58,078,049.89, down from CNY 59,189,797.26, representing a decline of approximately 1.9%[42] - The total comprehensive income for Q1 2020 was CNY 47,994,916.37, compared to CNY 47,620,515.21 in the previous year, indicating a slight increase of 0.8%[43] Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥25,951,797.88, an 80.70% increase from -¥134,453,025.22 in the same period last year[7] - Cash flow from operating activities was -25.95 million yuan, an increase in inflow of 80.70% year-on-year, mainly due to better collection of receivables[18] - Operating cash inflow for the current period was CNY 922,491,906.48, down 11.4% from CNY 1,041,146,913.85 in the previous period[50] - Total cash outflow from operating activities was CNY 668,356,729.46, down 20.2% from CNY 837,013,007.32 in the previous period[52] - Cash received from sales of goods and services was CNY 555,364,156.22, down 21.2% from CNY 704,768,663.17 in the previous period[52] - Cash flow from financing activities showed a net outflow of CNY -97,475,928.29, worsening from CNY -13,342,929.70 in the previous period[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,681,406,695.09, a decrease of 0.78% from ¥3,710,295,198.73 at the end of the previous year[7] - Total liabilities were CNY 1,032,938,642.41, a decrease from CNY 1,109,822,062.42[34] - The company's equity attributable to shareholders reached CNY 2,481,921,303.30, up from CNY 2,438,879,963.99[35] - Current assets totaled CNY 1,254,198,092.06, an increase from CNY 1,191,985,223.07 at the end of the previous year[35] Shareholder Information - The company reported a total of 37,982 shareholders at the end of the reporting period[11] - The top shareholder, Horgos Wanmulong Equity Investment Co., Ltd., held 21.24% of the shares, totaling 110,559,279 shares[11] Government Support - The company received government subsidies amounting to ¥5,043,233.17 during the reporting period[8] - Other income increased to 5.04 million yuan, up 210.93% year-on-year, mainly due to increased government subsidies[17] Expenses and Investments - Total operating costs for Q1 2020 were CNY 672,871,747.63, down from CNY 1,007,147,061.04, indicating a reduction of about 33.2%[41] - Research and development expenses for Q1 2020 were CNY 12,699,197.55, slightly lower than CNY 13,596,315.77 in the same period last year, indicating a decrease of about 6.6%[41] - The company reported a credit impairment loss of CNY 5,422,847.01, compared to a loss of CNY -9,563,705.09 in the previous year, showing a significant improvement[41] - Investment cash flow was 110.58 million yuan, an increase of 302.42% year-on-year, primarily from the redemption of bank wealth management products[18]