Hitevision (SZ:002955)2020-04-20 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥304,442,834.68, a decrease of 50.33% compared to ¥612,985,761.75 in the same period last year[9]. - The net profit attributable to shareholders was -¥47,812,391.82, representing a decline of 367.18% from ¥17,895,096.35 in the previous year[9]. - The basic earnings per share were -¥0.35, while diluted earnings per share were -¥0.53, compared to ¥0.17 in the previous year[9]. - The company reported a net cash flow from operating activities of -¥582,013,519.37, a decline of 75.66% compared to the previous year[24]. - The company recorded a 52.43% decrease in operating costs to ¥215,604,201.07, reflecting the drop in revenue[24]. - The net profit for the current period is a loss of CNY 957,751.72, compared to a net profit of CNY 277,438,422.85 in the previous period[66]. - The total comprehensive income attributable to the parent company is a loss of CNY 46,323,193.37, compared to a gain of CNY 16,958,319.51 in the previous period[63]. Cash Flow and Liquidity - The net cash flow from operating activities was -8,782,114.09 CNY, compared to -13,975,141.69 CNY in the previous period, indicating an improvement[76]. - Cash inflow from investment activities totaled 571,660,629.89 CNY, significantly higher than 119,670,488.85 CNY in the previous period[76]. - The total cash and cash equivalents at the end of the period were 26,635,497.54 CNY, down from 4,635,115.44 CNY in the previous period[78]. - Cash outflow from financing activities was 614,556.44 CNY, compared to 2,000,000.00 CNY in the previous period[78]. - The cash flow from operating activities was primarily impacted by a decrease in cash received from sales and services, which was 463,597.94 CNY in the previous period[76]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,623,813,208.63, down 8.59% from ¥3,964,145,370.85 at the end of the previous year[9]. - Total liabilities decreased to approximately CNY 724.53 million from CNY 1.02 billion, a reduction of 29.2%[49]. - The company's total assets were approximately CNY 3.62 billion, down from CNY 3.96 billion, reflecting a decrease of 8.6%[51]. - The equity attributable to shareholders decreased to approximately CNY 2.88 billion from CNY 2.92 billion, a decline of 1.4%[51]. - The total current liabilities were CNY 66,485,616.18[84]. Government Support and Other Income - The company received government subsidies amounting to ¥20,635,021.13 during the reporting period[9]. - Other income increased by 34.13% to ¥17,520,623.80, mainly due to increased government grants received[24]. - The company reported a non-operating income of ¥9,676,562.65 from financial products[9]. Research and Development - Research and development expenses increased by 40.61% to ¥41,072,327.56 as the company intensified its R&D investments[24]. - Research and development expenses for the current period were CNY 41,072,327.56, up from CNY 29,210,123.05 in the previous period[59]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,186[13]. - The company reported a decrease in employee compensation payable to CNY 33.28 million from CNY 64.91 million, a drop of 48.7%[49].