HAND(SZ:300170)2020-04-27 16:00Financial Performance - Total revenue for Q1 2020 was ¥589,325,380.28, a decrease of 16.03% compared to ¥701,838,700.44 in the same period last year[8] - Net profit attributable to shareholders was ¥12,130,733.38, down 81.57% from ¥65,813,893.08 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥1,074,201.89, a decline of 98.13% from ¥57,521,544.04 in the previous year[8] - Basic and diluted earnings per share were both ¥0.0138, down 81.50% from ¥0.0746 year-on-year[8] - Operating revenue decreased by 16.03% due to reduced efficiency in resuming work caused by the pandemic[24] - The company reported a net profit of CNY 1,467,692,937.15, up from CNY 1,455,562,203.77, reflecting an increase of approximately 0.8%[45] - The total comprehensive income for the current period is ¥11,370,499.31, significantly lower than ¥63,570,915.41 in the previous period[61] - The net profit for Q1 2020 was CNY 10,757,440.73, a decrease from CNY 81,049,443.56 in the same period last year, representing a decline of approximately 86.8%[67] - Operating profit for Q1 2020 was CNY 7,589,740.34, down from CNY 90,567,159.14 in Q1 2019, indicating a decrease of about 91.6%[67] Cash Flow and Assets - Net cash flow from operating activities was -¥153,471,273.96, an improvement of 47.76% compared to -¥293,783,063.18 in the same period last year[8] - Cash and cash equivalents amounted to CNY 545,835,762.53, down from CNY 575,435,836.99, indicating a decrease of about 5.5%[46] - Cash flow from operating activities showed a net outflow of CNY -153,471,273.96, an improvement from CNY -293,783,063.18 in the same quarter last year[72] - The cash outflow for operating activities was CNY 923,336,761.06, down from CNY 1,301,794,958.13 in Q1 2019, indicating a reduction of about 29%[72] - The total assets amounted to 4,192,989,403.08 CNY, with total liabilities at 1,129,845,531.27 CNY[86] - Total assets at the end of the reporting period were ¥4,259,542,423.36, an increase of 1.59% from ¥4,192,989,403.08 at the end of the previous year[8] - Current liabilities totaled CNY 1,151,257,883.03, compared to CNY 1,099,626,286.92, reflecting an increase of about 4.71%[42] - Total liabilities increased to CNY 1,181,092,862.70 from CNY 1,129,845,531.27, marking an increase of about 4.5%[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,227[12] - The top two shareholders, Chen Diqing and Fan Jianzhen, each hold 7.92% of the shares, totaling 69,983,300 and 69,983,148 shares respectively[12] - The total equity attributable to shareholders increased to CNY 3,081,711,856.55 from CNY 3,066,901,427.19, a growth of about 0.5%[45] Investment and Expenses - Long-term equity investments decreased by 6.43%, primarily due to the net loss recognized from joint ventures[24] - Research and development expenses increased to ¥49,873,795.80, up 13.5% from ¥43,969,586.27 in the previous period[55] - The company reported an investment loss of ¥11,663,728.69, worsening from a loss of ¥5,556,768.73 in the previous period[55] - Financial expenses decreased by 239.10%, attributed to exchange gains from foreign currency assets and increased bank loan interest[24] Government Support and Market Strategy - Government subsidies recognized in the current period amounted to ¥13,733,531.26[8] - The company plans to continue enhancing R&D and implementation of proprietary products in response to market demand changes[25] - The company maintained a high-quality and loyal customer base, which supported normal operations during the pandemic[25] Changes in Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, affecting financial reporting[80] - The company implemented the new revenue recognition standards starting January 1, 2020, which may impact future financial reporting[92] Other Financial Metrics - Total operating costs for the current period are ¥563,087,039.22, down from ¥622,582,634.22, reflecting a reduction of 9.6%[55] - Other income for the current period is ¥13,831,583.97, an increase from ¥8,402,513.31 in the previous period[55] - The company incurred a credit impairment loss of CNY -16,654,543.21 in Q1 2020, compared to CNY -10,001,532.49 in the same period last year[67]