NEWU(SZ:300472)2020-04-28 16:00Financial Performance - Total revenue for Q1 2020 was ¥88,936,906.62, a decrease of 40.48% compared to ¥149,418,901.73 in the same period last year[8] - Net profit attributable to shareholders was ¥8,492,873.36, down 53.07% from ¥18,097,436.48 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥6,482,482.56, a decline of 63.83% compared to ¥17,922,884.47 in the previous year[8] - Basic earnings per share decreased by 64.29% to ¥0.05 from ¥0.14 in the previous year[8] - Net profit for Q1 2020 was CNY 7,349,001.02, down 62.51% year-on-year[18] - Operating profit fell to CNY 8,426,615.50, a decline of 64.71% from the previous year[18] - Net profit for Q1 2020 was CNY 10,525,889.43, a significant increase from CNY 1,726,893.19 in the same period last year, representing a growth of approximately 509%[46] - The total profit amounted to CNY 12,399,432.60, compared to CNY 2,053,117.39 in the previous year, indicating a year-over-year increase of about 503%[46] - Operating profit reached CNY 12,399,719.78, up from CNY 2,053,226.36, reflecting a growth of around 503%[46] Cash Flow - Operating cash flow for the period was -¥18,841,782.66, a significant decrease of 209.35% from ¥17,230,051.55 in the same period last year[8] - The company experienced a 209.35% decline in cash flow from operating activities, resulting in a net cash flow of -CNY 18,841,782.66[19] - Cash and cash equivalents at the end of the period totaled CNY 29,602,892.24, down from CNY 67,167,080.12 at the end of the previous year, a decrease of approximately 56%[51] - The total cash inflow from operating activities was CNY 76,148,137.81, down from CNY 105,396,888.89, indicating a decrease of approximately 28%[50] - The cash outflow for operating activities was CNY 94,989,920.47, compared to CNY 88,166,837.34 in the previous year, reflecting an increase of approximately 8%[50] - The net cash flow from investing activities was -155,708.20 in Q1 2020, compared to -440,295.20 in Q1 2019, indicating a significant reduction in cash outflow[54] - The net cash flow from financing activities was -11,615,758.54 in Q1 2020, compared to -12,162,609.65 in Q1 2019, showing a slight improvement[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,574,666,967.26, a slight decrease of 0.25% from ¥1,578,618,827.05 at the end of the previous year[8] - Total current assets amounted to ¥682,193,108.29, a slight decrease from ¥683,475,200.00, showing a decline of about 0.2%[31] - Total liabilities decreased to ¥447,969,165.95 from ¥459,270,026.76, indicating a reduction of approximately 2.5%[34] - The company's total assets as of March 31, 2020, were ¥1,574,666,967.26, down from ¥1,578,618,827.05, a decrease of about 0.2%[35] - The company's total assets increased to CNY 1,371,158,171.72 from CNY 1,322,644,112.90[38] - Total liabilities rose to CNY 232,794,590.35, up from CNY 194,831,102.16 year-over-year[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,482[11] - The largest shareholder, Jiangxi Guolian Dacheng Industrial Co., Ltd., held 11.02% of the shares, amounting to 23,008,820 shares[11] - Net assets attributable to shareholders increased by 0.79% to ¥1,086,870,815.81 from ¥1,078,377,942.45 at the end of the previous year[8] Government Support and Market Conditions - The company received government subsidies amounting to ¥2,402,089.70 during the reporting period[9] - The ongoing COVID-19 pandemic has introduced uncertainties that may adversely affect the company's short-term performance if not controlled[23] - The company signed a contract with Guizhou Broadcasting and Television Information Network Co., which is expected to positively impact 2020's performance[21] Operational Changes and Strategies - The company plans to enhance product R&D and technology innovation to mitigate market risks and improve competitiveness[22] - The company has implemented measures to mitigate risks associated with personnel turnover by optimizing compensation and enhancing training programs[23] - The company has not applied the new revenue and leasing standards for the first quarter of 2020[55] - The company did not undergo an audit for the Q1 2020 report[55]