Der(SZ:002631)2020-04-29 16:00Financial Performance - The company's revenue for Q1 2020 was ¥171,571,175.66, representing a decrease of 46.13% compared to ¥318,500,889.24 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥23,893,869.80, a decline of 198.59% from a profit of ¥24,235,154.34 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥40,299,985.37, down 411.83% from ¥12,923,845.88 in the same period last year[8]. - The net cash flow from operating activities was a negative ¥162,282,372.69, worsening by 58.81% compared to a negative ¥102,187,297.76 in the previous year[8]. - Operating revenue decreased by 46.13% year-on-year, primarily due to the impact of the pandemic, which hindered normal production and marketing activities in the first quarter[16]. - The company reported a gross margin of 21.0% in Q1 2020, compared to 26.7% in Q1 2019[86]. - The total comprehensive loss for Q1 2020 was CNY 28,820,474.90, compared to a comprehensive income of CNY 17,909,673.19 in Q1 2019[84]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,411,069,108.81, an increase of 0.80% from ¥3,383,999,635.99 at the end of the previous year[8]. - The total liabilities rose to CNY 1,513,192,866.41 from CNY 1,456,638,348.98, indicating a growth of approximately 3.5%[75]. - Current liabilities totaled CNY 946,085,613.49, up from CNY 899,124,948.90, reflecting an increase of about 5.2%[75]. - The company's equity decreased to CNY 1,897,876,242.40 from CNY 1,927,361,287.01, a decline of about 1.5%[76]. - Total current assets amounted to ¥2.44 billion, a slight increase from ¥2.40 billion at the end of 2019, indicating a growth of approximately 1.5%[72]. Cash Flow - Cash and cash equivalents decreased by 75.02% compared to the end of the previous period, mainly due to the purchase of bank wealth management products with bank deposits[16]. - The cash inflow from operating activities totaled 286,084,456.02 CNY, compared to 336,039,863.77 CNY in the previous period, reflecting a decline in operational cash generation[91]. - The net cash flow from investment activities was -816,043,415.04 CNY, a significant decrease compared to 24,951,225.49 CNY in the previous period, highlighting increased investment expenditures[92]. - The total cash and cash equivalents at the end of the period were 309,885,666.62 CNY, down from 390,022,582.35 CNY in the previous period, showing a decrease in liquidity[92]. Investment and R&D - Research and development expenses decreased by 34.26% year-on-year, mainly due to reduced R&D investment during the pandemic[16]. - The company has allocated a budget of 100 million for research and development in new technologies this year[50]. - Investment in new technologies and product development accounted for 40% of total expenditures in the first quarter[55]. - The company reported investment income of CNY 8,559,993.90 in Q1 2020, compared to CNY 2,875,831.23 in the previous year[83]. Strategic Initiatives - The company aims to enhance its asset management capabilities through various financial instruments[27]. - The company is focusing on expanding its investment in fixed income and currency market instruments[27]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market presence[50]. - The management emphasized a commitment to sustainability and corporate social responsibility in its future business strategies[51]. Market Expansion and User Growth - The company is exploring opportunities for market expansion in emerging markets, particularly in Asia[30]. - The company reported a significant increase in user data, with a 20% growth in active users compared to the previous quarter[32]. - The user base grew by 3.25 million in the same period, indicating a strong demand for the company's products[51]. - User data indicated a 30% increase in active users compared to the previous quarter, reaching a total of 700,000 active users[53].