力盛体育(002858) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥32,693,130.21, a decrease of 45.38% compared to ¥59,859,309.52 in the same period last year[8] - The net profit attributable to shareholders was -¥2,621,810.76, an improvement of 34.74% from -¥4,017,669.71 year-on-year[8] - The basic earnings per share were -¥0.0208, reflecting a 34.29% improvement from -¥0.0320 in the same period last year[8] - The company reported a net profit margin decline, reflecting challenges in revenue generation during the quarter[40] - The net profit for Q1 2020 was CNY 1,087,087.24, compared to a net loss of CNY 1,177,703.44 in Q1 2019, indicating a significant turnaround[42] - The company's comprehensive income totalled CNY 2,713,686.32 in Q1 2020, compared to a loss of CNY 1,177,703.44 in the previous year[43] Cash Flow - The net cash flow from operating activities was ¥20,440,402.35, a significant increase of 144.69% compared to -¥45,735,904.01 in the previous year[8] - Cash flow from operating activities improved to ¥20,440,402.35, a turnaround from a negative cash flow of ¥45,735,904.01 in the previous period[16] - Total cash inflow from operating activities was ¥105,691,422.65, while cash outflow was ¥85,251,020.30, resulting in a net cash inflow[50] - The company reported a net cash outflow from investing activities of ¥37,306,735.04, compared to a larger outflow of ¥92,735,021.69 in the same period last year[50] - The company experienced a net cash outflow from financing activities of ¥3,634,982.40 in Q1 2020, compared to a net outflow of ¥2,606,970.23 in Q1 2019[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥698,683,591.31, down 5.51% from ¥739,462,888.77 at the end of the previous year[8] - Total liabilities decreased to CNY 180,322,336.10 from CNY 223,815,319.88[34] - Current liabilities totaled CNY 148,513,602.30, a reduction from CNY 192,006,586.08[34] - Owner's equity totaled CNY 518,361,255.21, slightly up from CNY 515,647,568.89[35] - The company’s cash and cash equivalents decreased to ¥103,357,523.81 from ¥124,098,580.07[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,785[12] - The largest shareholder, Xia Qing, holds 23.99% of the shares, amounting to 30,300,000 shares, with 22,725,000 shares pledged[12] Government Subsidies and Other Income - The company received government subsidies totaling ¥2,934,558.14 during the reporting period, compared to ¥1,250,000 in the same period last year[9] - Other income for the parent company was CNY 406,377.80, a decrease from CNY 1,250,000.00 in the previous period[44] Financial Expenses - The company reported a significant increase in financial expenses, rising by 277.97% to ¥2,733,958.68, mainly due to foreign exchange losses[16] - The company’s financial expenses for Q1 2020 were CNY 2,733,958.68, a notable increase from CNY 723,330.54 in the same period last year[41] Investments - The company has invested ¥1,800,000 in bank wealth management products, with an outstanding balance of ¥3,413,480[23] - The company’s deferred tax assets rose by 43.19% to ¥6,820,921.41, reflecting losses that led to deferred tax recognition[16] Other Financial Metrics - The weighted average return on net assets was -0.60%, an improvement from -0.94% in the previous year[8] - The company experienced a significant increase in credit impairment losses, amounting to CNY 4,343,016.70 compared to CNY 1,211,005.72 in the previous year[41]