迅游科技(300467) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥120,302,193.27, a decrease of 10.20% compared to ¥133,967,893.23 in the same period last year[8] - Net profit attributable to shareholders was ¥21,360,989.23, down 70.52% from ¥72,463,483.73 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥20,435,424.57, a decline of 50.05% from ¥40,912,131.85 in the previous year[8] - Basic and diluted earnings per share were both ¥0.100, down 68.75% from ¥0.320 in the same period last year[8] - The company reported a total comprehensive income of CNY 39,209,497.04, down from CNY 83,458,426.73 in the previous period[41] - The net profit for Q1 2020 was CNY 6,006,247.67, a decrease of 16.67% compared to CNY 7,209,211.67 in the same period last year[44] - Operating profit for the quarter was CNY 6,665,242.33, down from CNY 7,940,204.71, reflecting a decline of 16.06% year-over-year[44] Cash Flow and Assets - Net cash flow from operating activities was ¥46,076,078.66, a decrease of 40.98% compared to ¥78,072,341.45 in the same period last year[8] - Cash and cash equivalents decreased by 69.65% to 179.84 million CNY due to the purchase of financial assets[19] - The company's current assets decreased to CNY 1,039,534,972.37 from CNY 1,186,871,327.89, reflecting a reduction of about 12.4%[30] - Cash and cash equivalents dropped significantly from CNY 592,560,667.50 to CNY 179,840,824.04, a decrease of approximately 69.7%[30] - The company reported a significant cash outflow from investment activities of CNY 428,633,451.53, compared to a cash outflow of CNY 41,830,063.02 in the previous year[48] - The total cash and cash equivalents at the end of the period amounted to 29,035,195.41 CNY, up from 17,803,714.06 CNY at the beginning of the period, reflecting a net increase of 11,231,481.35 CNY[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,097[12] - The top shareholder, Yuan Xu, holds 9.78% of the shares, with 16,390,443 shares pledged[12] - The company is in the process of a control change, with a new major shareholder expected to hold 21.5% of voting rights[23] Government Support and Subsidies - The company received government subsidies amounting to ¥628,799.60 during the reporting period[9] - The company reported a significant increase of 1970.61% in other income, mainly due to increased government subsidies received[19] Operating Costs and Expenses - Operating costs rose by 44.53% to 36.60 million CNY, primarily due to increased bandwidth expenses[19] - R&D expenses increased by 42.09% to 23.71 million CNY, reflecting higher investment in research and development[19] - The company paid CNY 30,193,438.76 to employees during the quarter, an increase from CNY 25,792,807.94 in the previous year[48] Financial Position - Total assets at the end of the reporting period were ¥1,492,938,693.04, a decrease of 8.97% from ¥1,640,071,427.08 at the end of the previous year[8] - The total liabilities decreased from CNY 524,797,012.45 to CNY 333,220,096.79, marking a reduction of about 36.5%[32] - The company's long-term equity investments rose from CNY 224,917,553.64 to CNY 227,010,146.30, reflecting a growth of approximately 0.5%[31] - The company's total equity stood at 1,115,274,414.63 CNY, with a capital reserve of 2,657,126,921.82 CNY[55] Challenges and Strategic Changes - The company is facing challenges due to the overseas regulatory environment and ongoing trade tensions, impacting its mobile advertising business[22] - The company plans to expand its business lines by shifting from tool-based advertising products to content-based products, combining subscription and advertising models[22]