Annil (SZ:002875)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥260,206,941.25, a decrease of 27.31% compared to ¥357,969,261.97 in the same period last year[8]. - The net profit attributable to shareholders was -¥929,440.43, representing a decline of 101.98% from ¥46,928,804.76 in the previous year[8]. - Basic and diluted earnings per share were both -¥0.01, down 102.78% from ¥0.36 in the previous year[8]. - Total operating revenue for Q1 2020 was ¥260,206,941.25, a decrease of 27.3% compared to ¥357,969,261.97 in Q1 2019[55]. - Net profit for Q1 2020 was a loss of ¥929,440.43, compared to a profit of ¥46,928,804.76 in Q1 2019[57]. - The company's total assets were reported at RMB 1.21 billion, down from RMB 1.24 billion, a decrease of approximately 2.3%[50]. - Total liabilities decreased to ¥339,979,137.50 in Q1 2020 from ¥362,894,872.96 in Q4 2019, a decline of 6.3%[53]. - The company's total assets as of Q1 2020 were ¥1,211,121,252.36, down from ¥1,230,418,115.77 at the end of 2019, a decrease of 1.6%[53]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥12,560,634.31, a significant increase of 118.79% compared to -¥66,855,083.95 in the same period last year[8]. - Cash received from operating activities decreased by 73.80% to ¥2,779,349.73 due to a reduction in government subsidies and interest income[20]. - The company obtained cash from borrowings amounting to ¥65,000,000.00 during the reporting period[20]. - Total cash inflow from operating activities decreased to $313,138,920.42 from $369,998,400.24, while cash outflow reduced to $300,991,213.75 from $436,440,969.24, reflecting tighter cost management[69]. - The ending cash and cash equivalents balance increased to $416,091,915.24 from $280,175,647.93, indicating improved liquidity[70]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,211,533,413.24, a decrease of 2.06% from ¥1,237,039,099.79 at the end of the previous year[8]. - Total current assets amounted to RMB 997.6 million, down from RMB 1,019.4 million, a decrease of approximately 2.1%[47]. - Total liabilities decreased to ¥324,6 million from ¥349.3 million, a decline of approximately 7.0%[49]. - The company's accounts receivable decreased to RMB 70.8 million from RMB 86.2 million, a decline of approximately 17.7%[47]. - Inventory decreased to RMB 409.8 million from RMB 461.5 million, a reduction of approximately 11.2%[47]. Shareholder Information - The company reported a total of 11,271 common shareholders at the end of the reporting period[12]. - The top shareholder, Cao Zhang, holds 31.13% of the shares, amounting to 41,008,500 shares[12]. Operational Efficiency - The weighted average return on equity was -0.10%, down 5.41% from 5.31% in the previous year[8]. - The company is focusing on cost control and operational efficiency to enhance profitability in the upcoming quarters[69]. - The company plans to focus on market expansion and new product development to drive future growth[60]. Changes in Financial Indicators - There were no significant changes in the company's financial indicators that required restatement or adjustment of previous years' data[8]. - The company implemented new revenue recognition standards, adjusting prepayments to "contract liabilities" in the financial statements[74]. - The company has invested RMB 1.7 million in entrusted financial management, with no overdue amounts reported[40]. Other Financial Metrics - Research and development expenses for Q1 2020 were ¥4,881,474.87, down 28.0% from ¥6,761,037.84 in Q1 2019[56]. - Selling expenses increased slightly to ¥103.47 million in Q1 2020, compared to ¥102.62 million in Q1 2019[60]. - The company incurred an investment loss of approximately ¥380,591.70 in Q1 2020, compared to a gain of ¥127,111.00 in the same period last year[61].