立方数科(300344) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥30,973,475.13, a decrease of 70.77% compared to ¥105,975,736.98 in the same period last year[7] - Net profit attributable to shareholders was -¥19,968,490.27, representing a decline of 463.94% from ¥5,486,805.65 in the previous year[7] - The total profit for the period was CNY -19,523,325.06, representing a decline of 316.34% year-on-year[19] - The net loss for Q1 2020 was CNY 23,936,430.80, reflecting a decline from the previous profit[44] - The company reported a net loss of ¥20,075,115.16 for Q1 2020, compared to a net profit of ¥5,365,783.41 in the same period last year, indicating a significant decline in profitability[45] - The comprehensive income totalled -¥18,358,386.60, compared to ¥3,184,150.41 in the previous year, indicating a substantial decrease in overall financial performance[46] Cash Flow - The net cash flow from operating activities was -¥9,613,583.42, a slight decrease of 0.68% compared to -¥9,548,283.59 in the same period last year[7] - Cash flow from operating activities was ¥79,164,083.83, down from ¥133,945,182.76 in the previous year, representing a decline of approximately 41.0%[52] - The company reported a total cash outflow from operating activities of 88,777,667.25 CNY in Q1 2020, compared to 143,493,466.35 CNY in Q1 2019, showing a reduction of about 38.2%[53] - The company’s operating cash inflow was 20,601,347.42 CNY in Q1 2020, down from 48,782,538.72 CNY in Q1 2019, representing a decline of approximately 57.8%[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥997,539,224.67, an increase of 0.22% from ¥995,347,119.33 at the end of the previous year[7] - Total liabilities as of March 31, 2020, were CNY 450,881,159.45, slightly down from CNY 451,237,027.23 at the end of 2019[41] - The company’s total assets were CNY 917,753,098.65, down from CNY 922,401,537.27 at the end of 2019[41] - The company’s total liabilities included a new contract liability of CNY 39,095,075.73, reflecting changes in accounting policies[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,854[10] - The largest shareholder, 樊立, holds 24.30% of the shares, amounting to 120,562,736 shares, with 90,422,052 shares pledged[10] - The company did not engage in any repurchase transactions during the reporting period[11] Government Support - The company received government subsidies amounting to ¥162,274.79 during the reporting period[8] Inventory and Receivables - Inventory increased to ¥88,084,877.03 from ¥77,382,528.72, reflecting an increase of approximately 13.7%[35] - Accounts receivable decreased to ¥232,722,176.01 from ¥247,383,996.58, a reduction of about 5.9%[35] Operational Changes - The company is planning a share transfer involving its controlling shareholders, Mr. Fan Li and Mr. Fan Zhi, with multiple announcements made between December 2019 and February 2020[21][22][23][24][25] - The company has committed to avoiding competition with its main business and ensuring no related party transactions that could harm shareholder interests[24][25] - The company has not reported any violations of commitments made regarding related party transactions and competitive practices as of the report date[24][25] Financial Standards and Reporting - The company adopted new revenue recognition standards effective January 1, 2020, which will not affect prior year adjustments[62] - The first quarter report was not audited, indicating preliminary financial results[66]