BOAMAX(SZ:002514)2020-04-28 16:00Financial Performance - The company's revenue for Q1 2020 was ¥120,339,080.38, a decrease of 60.08% compared to ¥301,448,049.05 in the same period last year[9] - Net profit attributable to shareholders was ¥1,673,970.29, down 97.04% from ¥56,461,152.33 year-on-year[9] - Basic and diluted earnings per share were both ¥0.003, down 97.00% from ¥0.10 in the same period last year[9] - Operating revenue decreased by 60.08% to ¥120,339,080.38 due to delays in resumption of work and production caused by the pandemic[17] - Operating costs fell by 50.37% to ¥82,274,416.72, primarily due to the reduction in revenue[17] - Management expenses decreased by 45.48% to ¥11,882,706.17, attributed to lower costs during the pandemic[17] - R&D expenses reduced by 33.77% to ¥7,134,935.20, mainly due to decreased investment in the current period[17] - The net profit for the first quarter was CNY 1,659,599.77, down from CNY 56,461,152.33 in the same period last year, indicating a decline of approximately 97%[54] - The total profit for the first quarter was CNY 3,205,552.47, compared to CNY 69,408,200.66 in the previous year, reflecting a decrease of about 95%[54] Cash Flow - The net cash flow from operating activities was ¥6,408,084.21, a decline of 78.70% compared to ¥30,088,092.89 in the previous year[9] - The company experienced a significant decrease in cash due to lower collections and repayments of bank loans, resulting in a 30.91% drop in cash and cash equivalents[16] - Total cash inflow from operating activities was ¥137,334,605.03, compared to ¥288,037,749.15 in the previous period, indicating a decline of approximately 52.3%[58] - Cash outflow from operating activities totaled ¥130,926,520.82, down from ¥257,949,656.26, representing a decrease of about 49.2%[58] - The net cash flow from financing activities decreased by 54.49% to -¥24,540,113.04, mainly due to higher loan repayments[18] - The ending balance of cash and cash equivalents was ¥31,685,543.65, a significant decrease from ¥59,819,220.28 in the previous period[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,758,364,521.10, a decrease of 1.19% from ¥1,779,538,505.81 at the end of the previous year[9] - The total liabilities decreased to CNY 831,348,325.04 from CNY 843,584,775.17, a decline of about 1.5%[39] - Short-term borrowings decreased to CNY 261,460,163.52 from CNY 285,507,703.52, a reduction of about 8.4%[40] - The company's long-term equity investments increased to CNY 11,624,772.89 from CNY 9,348,428.53, reflecting a growth of approximately 24.3%[40] Shareholder Information - The company reported a total of 25,989 common shareholders at the end of the reporting period[12] - The top shareholder, Chen Dong, holds 21.54% of the shares, with 119,365,082 shares, of which 89,523,811 are pledged[12] - The company’s major shareholder pledged 22.73% of its total shares, amounting to 12,591,252.6 shares[23] - A share transfer agreement was signed to transfer 50,053,364 shares (9.03% of total shares) to Yancheng High-tech Zone Investment Group, making it the largest shareholder[24] Legal and Compliance - The company reported a net profit loss of RMB 27,064,147.40 for the years 2014 and 2015, triggering performance compensation obligations[27] - The company has initiated legal proceedings against the individual responsible for the performance commitments due to non-fulfillment of obligations[27] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[33][34]