ST易联众(300096) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥91,146,123.32, a decrease of 13.87% compared to ¥105,820,606.40 in the same period last year[8] - Net profit attributable to shareholders was -¥49,571,851.16, representing a decline of 138.01% from -¥20,827,377.48 year-on-year[8] - Basic and diluted earnings per share were both -¥0.1153, reflecting a decrease of 138.22% from -¥0.0484 in the same quarter last year[8] - Operating revenue for the first quarter was 91.15 million yuan, a decrease of 13.87% year-on-year, attributed to delays in project bidding and implementation due to the COVID-19 pandemic[19] - Net profit attributable to shareholders was a loss of 49.57 million yuan, a decline of 138.01% year-on-year, largely due to increased losses from an associated company[19] - The net loss for Q1 2020 was CNY 63,204,066.30, compared to a net loss of CNY 26,208,038.73 in the same period last year[43] - The net profit for the current period is a loss of CNY 28,845,379.06, compared to a loss of CNY 14,223,832.14 in the previous period, indicating a worsening performance[48] - The total comprehensive income attributable to the parent company is -CNY 49,571,851.16, compared to -CNY 20,827,377.48 in the previous period[48] Cash Flow - The net cash flow from operating activities was -¥144,730,098.23, which is a 17.75% increase in cash outflow compared to -¥122,909,482.46 in the previous year[8] - The net cash flow from operating activities for the current period is ¥21,442,168.29, a significant improvement compared to the previous period's net cash flow of -¥46,327,088.19[53] - Total cash inflow from operating activities reached ¥216,683,929.39, up from ¥105,759,629.46 in the previous period, indicating a 104% increase[53] - Cash outflow from operating activities was ¥195,241,761.10, compared to ¥152,086,717.65 in the prior period, reflecting a 28.4% increase[53] - The cash flow from investment activities resulted in a net outflow of -¥4,952,820.97, an improvement from -¥6,213,463.11 in the previous period[55] - Cash inflow from financing activities decreased to ¥27,000,000.00 from ¥105,150,000.00, a decline of 74.3%[55] - The net cash flow from financing activities was -¥57,716,433.53, compared to a positive net flow of ¥44,354,889.53 in the previous period[55] - The ending balance of cash and cash equivalents decreased to ¥29,439,126.59 from ¥62,376,265.91, a decline of 52.8%[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,613,637,990.12, down 6.38% from ¥1,723,571,479.08 at the end of the previous year[8] - Total liabilities increased slightly from ¥849.40 million to ¥861.13 million, an increase of approximately 1.5%[35] - The company's total assets decreased to CNY 1,445,483,251.35 from CNY 1,464,849,785.20[39] - The total liabilities increased slightly to CNY 901,921,716.20 from CNY 888,984,574.95[39] - The total liabilities increased from CNY 888,984,574.95 to CNY 900,932,392.23, an increase of CNY 11,947,817.28[61] - The total equity increased from ¥874,168,479.56 to ¥814,176,971.37, a decrease of 6.8%[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,911[11] - The largest shareholder, Zhang Xi, holds 16.21% of the shares, with 69,681,649 shares, of which 52,261,237 are pledged[11] Operational Changes - The company established a new management structure combining a parent company function center with regional and product subsidiaries to enhance operational efficiency[24] - The company is actively exploring effective management models to attract high-quality management talent and improve decision-making capabilities[24] - The company has engaged in several strategic partnerships and equity transfers, including a strategic cooperation agreement with Beijing Digital Government Technology Co., Ltd.[25] Revenue Recognition Standards - The company has implemented new revenue recognition standards starting January 1, 2020, affecting the financial statements[62] - Accounts receivable decreased by 30.76% compared to the beginning of the year, mainly due to the implementation of new revenue standards starting January 1, 2020[17] - Inventory increased by 51.01% compared to the beginning of the year, primarily due to adjustments in project costs under the new revenue standards[17] - Unallocated profits decreased by 33.38% compared to the beginning of the year, mainly due to adjustments in project progress under the new revenue standards[18]