sunline(SZ:300348)2020-04-24 16:00Financial Performance - Total revenue for Q1 2020 was ¥182,036,877.16, a decrease of 5.95% compared to ¥193,551,691.09 in the same period last year[8]. - Net profit attributable to shareholders was ¥1,820,061.10, down 72.68% from ¥6,662,778.11 year-on-year[8]. - Net profit excluding non-recurring gains and losses was ¥802,517.36, a decline of 87.45% from ¥6,395,052.76 in the previous year[8]. - Basic earnings per share decreased by 76.81% to ¥0.0048 from ¥0.0207 in the same period last year[8]. - The company's operating revenue for the reporting period was 185.20 million yuan, a decrease of 8.35 million yuan compared to the same period last year, representing a decline of approximately 4.31%[23]. - The net profit attributable to shareholders of the listed company was 1.71 million yuan, down 495.16 thousand yuan year-on-year, reflecting a decrease of about 74.38%[23]. - Net profit for the current period is CNY 2,225,115.73, a decline of 67.7% compared to CNY 6,893,239.16 in the previous period[73]. - The company reported a total comprehensive income of -¥3,565,083.84, compared to -¥4,729,757.43 in the previous period[82]. Cash Flow and Liquidity - Net cash flow from operating activities was -¥182,082,801.96, representing a 76.04% increase in cash outflow compared to -¥131,980,638.53 last year[8]. - Cash and cash equivalents decreased by 49.32% to 318.96 million yuan from 629.29 million yuan in the previous year, primarily due to reduced cash inflows amid the pandemic[22]. - Cash flow from operating activities was -¥182,082,801.96, compared to -¥131,980,638.53 in the previous period[86]. - Cash received from sales and services was ¥112,036,475.24, an increase from ¥102,356,115.90[86]. - The net cash flow from financing activities was -$2,492,686.88, compared to -$8,112,104.63 in the previous period, indicating an improvement[91]. - The total cash and cash equivalents at the beginning of the period were $523,502,504.45, down from $545,829,916.42[91]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,949,634,076.95, down 11.17% from ¥2,194,793,196.87 at the end of the previous year[8]. - Total current assets decreased from ¥1,575,709,008.92 to ¥903,766,649.61, a decline of approximately 42.7%[49]. - Total non-current assets increased from ¥619,084,187.95 to ¥1,045,867,427.34, an increase of approximately 68.9%[52]. - Total liabilities increased from ¥696,460,131.61 to ¥874,907,911.99, an increase of approximately 25.6%[55]. - Total equity attributable to shareholders decreased from ¥1,487,329,627.34 to ¥1,064,754,487.39, a decline of about 28.4%[58]. - The company reported a significant reduction in short-term borrowings from CNY 180,000,000.00 to CNY 80,000,000.00, reflecting a strategy to lower debt levels[65]. Investments and Expenditures - Long-term equity investments increased by 501.34% to 1.10 million yuan, driven by increased investments in joint ventures[22]. - Development expenditures rose by 35.85% to 82.71 million yuan, indicating a significant increase in R&D investment[22]. - The company plans to issue convertible bonds totaling no more than 500 million yuan, with the application for approval accepted by the China Securities Regulatory Commission[26]. - The company has achieved a cumulative benefit of 265.09 million from the projects by the end of the reporting period[31]. - The investment in the "Enterprise Value Accounting and Management Construction Project" reached 996.16 million, with 70.83% of the investment completed[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,678[12]. - The largest shareholder, Wang Changchun, holds 14.93% of the shares, totaling 71,921,563 shares[12]. Strategic Initiatives - The company has achieved a normal level of resumption of work and is actively promoting project implementation to mitigate the impact of the pandemic[23]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[69].