SONGZ(SZ:002454)2020-04-27 16:00Revenue and Profit - Revenue for Q1 2020 was ¥524,573,760.93, a decrease of 41.70% compared to ¥899,814,315.65 in the same period last year[8] - Net profit attributable to shareholders was ¥2,967,547.96, down 96.84% from ¥93,988,689.46 year-on-year[8] - Basic and diluted earnings per share dropped to ¥0.00, a decline of 100% from ¥0.15 in the same period last year[8] - Total operating revenue for Q1 2020 was CNY 524,573,760.93, a decrease of 41.7% compared to CNY 899,814,315.65 in the same period last year[36] - Net profit for Q1 2020 was CNY 2,136,222.57, a significant decline of 97.8% compared to CNY 96,546,747.03 in Q1 2019[38] - The company recorded a total comprehensive income of CNY 3,149,610.83 for Q1 2020, a decrease of 96.8% from CNY 96,976,709.90 in Q1 2019[39] - Operating profit for the quarter was CNY 15,160,711.49, compared to CNY 120,314,300.98 in Q1 2019, indicating a decrease of about 87.4%[42] Cash Flow - The net cash flow from operating activities increased by 369.77% to ¥212,551,369.81, compared to a negative cash flow of ¥78,788,544.38 in the previous year[8] - Cash flow from operating activities showed a net inflow of CNY 212,551,369.81, a significant improvement compared to a net outflow of CNY -78,788,544.38 in the previous year[46] - The net cash flow from financing activities was CNY 99,667,555.56, a recovery from a net outflow of CNY -30,327,035.42 in the previous year[47] - The company’s net cash flow from financing activities was 99,667,555.56 CNY, a significant improvement from -30,180,222.92 CNY in the previous year[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,830,441,592.07, reflecting a slight increase of 0.40% from ¥5,807,444,407.87 at the end of the previous year[8] - Total liabilities amounted to CNY 2,097,532,189.10, up from CNY 2,077,684,615.71, which is an increase of approximately 0.7%[29] - The company's total assets increased to CNY 4,355,239,719.02, up from CNY 4,305,464,538.34 at the end of the previous period[34] - Total liabilities rose to CNY 928,827,846.15, compared to CNY 890,677,563.57 in the previous period, reflecting a 4.0% increase[34] - The total liabilities amounted to 2,077,684,615.71 CNY, with current liabilities totaling 1,876,478,625.89 CNY[53] Equity - The company's equity attributable to shareholders reached CNY 3,436,536,745.28, a slight increase from CNY 3,432,555,809.09[30] - The company's equity increased to CNY 3,426,411,872.87, up from CNY 3,414,786,974.77, indicating a growth of 0.3%[34] - The company reported a total equity of 3,729,759,792.16 CNY, with retained earnings of 1,794,334,624.54 CNY[53] Other Financial Metrics - Financial expenses rose by 116.25% year-on-year, primarily due to increased interest expenses from bill discounting[15] - Other income increased by 843.25% year-on-year, mainly due to government subsidies received during the reporting period[15] - Research and development expenses for Q1 2020 were CNY 38,275,342.13, slightly down from CNY 38,579,568.96 in the same period last year[37] - The company reported no derivative investments or non-compliance with external guarantees during the reporting period[20][21] - There were no significant new product developments or market expansions mentioned in the report[22] Cash and Cash Equivalents - Cash and cash equivalents increased to CNY 679,784,575.21 from CNY 537,362,141.41, representing a growth of about 26.4%[27] - The company reported cash and cash equivalents at the end of the period amounting to CNY 663,296,667.06, up from CNY 476,709,906.47 at the end of the previous year[47] - The total cash and cash equivalents at the end of the period amounted to 276,360,769.90 CNY, compared to 234,993,186.56 CNY at the end of the previous year, reflecting an increase of 17.6%[50]