ANLI(SZ:300218)2020-04-28 16:00Financial Performance - Total revenue for Q1 2020 was ¥291,595,532.99, a decrease of 23.00% compared to ¥378,702,936.30 in the same period last year[8]. - Net profit attributable to shareholders was -¥7,952,427.08, representing a decline of 350.53% from ¥3,174,251.08 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was -¥10,448,733.99, an increase in loss of 88.73% compared to -¥5,536,272.83 last year[8]. - Basic and diluted earnings per share were both -¥0.0366, a decline of 350.68% from ¥0.0146 in the previous year[8]. - The company reported total operating revenue of 291.60 million yuan in Q1 2020, a decrease of 23% compared to the same period last year[18]. - Net profit attributable to shareholders was -7.95 million yuan, a decline of 350.53% year-on-year[18]. - The net profit for Q1 2020 was a loss of CNY 8,772,128.10, compared to a profit of CNY 3,027,728.79 in Q1 2019, indicating a significant decline in profitability[62]. - The total comprehensive income for the period was CNY -10,137,147.28, compared to CNY 2,717,011.07 in the previous period[66]. Cash Flow and Assets - The net cash flow from operating activities was -¥85,614,275.02, slightly worse than -¥84,937,192.53 in the same period last year, a decrease of 0.80%[8]. - Current assets decreased to 841.92 million yuan from 947.86 million yuan at the end of 2019, primarily due to reduced cash and accounts receivable[52]. - The company's cash and cash equivalents were 293.95 million yuan, down from 408.55 million yuan at the end of 2019[52]. - The total assets as of March 31, 2020, were 1.93 billion yuan, down from 2.05 billion yuan at the end of 2019[52]. - The company's cash and cash equivalents were CNY 149,511,749.81, down from CNY 249,187,298.78, a decrease of 40.0%[57]. - The company reported a significant increase in accounts receivable, which rose to CNY 180,710,995.73 from CNY 143,715,408.17, an increase of 25.7%[57]. - The company's inventory slightly decreased to 308.21 million yuan from 315.83 million yuan at the end of 2019[52]. Liabilities and Equity - Total liabilities decreased to 780.45 million yuan from 903.21 million yuan at the end of 2019[54]. - The company's equity attributable to shareholders was CNY 1,044,181,686.24, slightly down from CNY 1,052,140,526.11 at the end of 2019[58]. - Total liabilities reached CNY 821,060,216.03, with current liabilities at CNY 594,382,185.45[79]. - The company has short-term borrowings of CNY 220,291,087.73 and long-term borrowings of CNY 153,800,000.00[79]. Operational Challenges - Sales volume of the company's main leather products decreased by 21.6% year-on-year due to the impact of the COVID-19 pandemic[18]. - The company faced significant challenges in Q1 2020 due to the COVID-19 pandemic, impacting logistics, raw material supply, and market demand[23]. - The company experienced a 39.30% reduction in management expenses, primarily due to delayed resumption of work caused by the pandemic[17]. - The company's foreign trade sales accounted for approximately 40% of total sales, significantly impacting operations due to the global COVID-19 pandemic[46]. Government Support and Subsidies - The company reported non-recurring gains of ¥2,496,306.91, primarily from government subsidies and other income[9]. - The company received government subsidies of 3.11 million yuan, a decrease of 83,980 yuan compared to the previous year[20]. Research and Development - Research and development expenses for Q1 2020 were CNY 22,477,588.49, compared to CNY 25,199,378.74 in Q1 2019, a decrease of 10.0%[61]. - The company is actively developing new products to enhance market competitiveness and increase product differentiation[24]. Environmental and Safety Initiatives - Environmental protection is a key focus, with the company achieving ISO14001 certification and being recognized as a "National Green Factory"[29]. - The company has invested in clean energy technology, replacing coal boilers with gas boilers, but faces risks from potential gas supply shortages and price increases[33]. - The company has established a comprehensive safety management system to prevent accidents, but acknowledges the inherent risks associated with chemical production[31]. Future Outlook - The company expects a potential loss in cumulative net profit for the year due to the ongoing impact of the pandemic[46]. - The company is focusing on enhancing cash flow management and reducing operational costs in future strategies[75].