YLYT(SZ:002878)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥332,351,985.32, representing an increase of 8.38% compared to ¥306,664,884.69 in the same period last year[9]. - The net profit attributable to shareholders decreased by 23.30% to ¥19,364,270.29 from ¥25,246,125.14 year-on-year[9]. - The net profit after deducting non-recurring gains and losses fell by 26.85% to ¥17,657,091.34 compared to ¥24,136,741.81 in the previous year[9]. - Basic and diluted earnings per share decreased by 25.00% to ¥0.15 from ¥0.20 year-on-year[9]. - The weighted average return on equity dropped to 2.74%, down 1.34% from 4.08% in the previous year[9]. - The total profit for the first quarter was CNY 25,918,605.01, down from CNY 33,297,298.08, a decrease of about 22.1%[42]. - The net profit for the first quarter was CNY 22,343,903.21, down from CNY 28,004,155.08 in the same period last year, reflecting a decrease of about 20.2%[42]. - The operating profit decreased to CNY 26,934,767.21 from CNY 33,410,645.32, a decline of approximately 19.5%[42]. Revenue and Growth - New media marketing revenue surged by 98.31% during the reporting period, indicating significant growth in this segment[16]. - The company's overall operating revenue achieved a year-on-year growth despite a 21.28% decline in gift product revenue due to pandemic-related production and logistics issues[17]. - Revenue from the Winter Olympics licensed business increased by 525.17% year-on-year, indicating strong demand for related products[17]. - The total operating revenue for the first quarter was CNY 240,783,057.32, an increase from CNY 216,487,846.67 in the previous year, representing an increase of approximately 11.7%[45]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥72,020,879.84, a decline of 568.61% from -¥10,771,664.31 in the same period last year[9]. - The net cash flow from operating activities was -75,776,445.04 yuan, compared to -20,639,226.61 yuan in the previous period, indicating a significant decline in operational performance[53]. - Total cash inflow from operating activities was 407,661,427.37 yuan, up from 380,484,054.27 yuan year-over-year, reflecting a growth of approximately 7.4%[53]. - The ending balance of cash and cash equivalents was 174,133,693.84 yuan, compared to 113,481,598.93 yuan in the previous period, showing an increase of approximately 53.5%[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,208,871,267.71, down 8.72% from ¥1,324,407,729.83 at the end of the previous year[9]. - Total assets decreased to CNY 1,085,854,408.42 from CNY 1,206,376,202.66, reflecting a decline of approximately 10%[38]. - Total liabilities decreased to CNY 383,319,117.26 from CNY 520,167,520.64, a reduction of about 26.3%[38]. - Total equity attributable to shareholders was CNY 697,479,689.38, with total equity including minority interests at CNY 739,183,704.23[58]. Expenses and Costs - Total sales, management, and R&D expenses increased by 8.1 million yuan, which negatively impacted net profit by 24.32 percentage points[17]. - The total operating costs rose to CNY 308,423,114.29 from CNY 274,781,926.18, an increase of approximately 12.2%[1]. - Financial expenses rose by 39.16% to 2.34 million yuan, primarily due to increased bank loans and discount fees[19]. - Research and development expenses increased to CNY 13,031,829.74 from CNY 11,097,319.53, marking a rise of about 17.5%[1]. Other Financial Metrics - The company reported a government subsidy of ¥3,054,218.77 related to business operations during the reporting period[10]. - The company reported a decrease in tax expenses to CNY 3,574,701.80 from CNY 5,293,143.00, a reduction of approximately 32.5%[42]. - The company completed the repurchase and cancellation of 95,673 restricted shares, accounting for 0.073% of the total share capital[20]. - The company has implemented the new revenue recognition standard starting in 2020, which may affect future financial reporting[61].