MsEco(SZ:300495)2020-04-28 16:00Financial Performance - Total revenue for Q1 2020 was ¥98,017,424.38, a decrease of 59.70% compared to ¥243,224,516.72 in the same period last year[8] - Net profit attributable to shareholders was -¥33,649,024.07, representing a decline of 402.48% from ¥11,124,424.86 year-on-year[8] - The company's operating revenue for Q1 2020 was approximately ¥98 million, a decrease of 59.70% compared to ¥243 million in the same period last year, primarily due to the impact of the COVID-19 pandemic[19] - The company's net profit attributable to shareholders was approximately -¥33.65 million, a decrease of 402.48% compared to ¥11.12 million in the same period last year, also affected by the pandemic[19] - The net profit for Q1 2020 was a loss of CNY 34,278,728.64, compared to a profit of CNY 11,109,161.35 in the same period last year[41] - The total comprehensive income for the period was approximately -¥34.22 million, contrasting with a positive comprehensive income of ¥10.97 million in the prior year[44] Cash Flow and Liquidity - The net cash flow from operating activities was -¥106,725,396.34, a decrease of 173.41% compared to -¥39,035,555.49 in the previous year[8] - The company reported cash and cash equivalents at the end of the period amounting to approximately ¥1.37 billion, down from ¥2.01 billion at the end of the previous period[49] - The cash flow from operating activities showed a net outflow of approximately -¥106.73 million, compared to -¥39.04 million in the previous period, indicating worsening cash flow conditions[48] - Cash inflow from financing activities totaled 70,000,000.00, down from 1,184,942,919.41, leading to a net cash flow of -33,653,694.78, a significant decrease from 1,002,714,130.47[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,249,278,168.15, a decrease of 4.94% from ¥9,730,067,428.13 at the end of the previous year[8] - The company's total assets amounted to RMB 9,249,278,168.15, a decrease from RMB 9,730,067,428.13 as of December 31, 2019, reflecting a decline of approximately 4.93%[31] - The company's total liabilities decreased to RMB 5,167,241,099.84 from RMB 5,372,340,168.27, reflecting a decline of approximately 3.83%[33] - The total liabilities as of March 31, 2020, were CNY 3,332,276,356.02, a decrease from CNY 3,546,834,717.03 at the end of 2019[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,439[11] - The largest shareholder, Wang Yingyan, holds 31.15% of the shares, with 210,039,884 shares, of which 172,700,523 are pledged[11] Investment and Projects - The company signed new contracts worth approximately ¥800 million since resuming operations at the end of February 2020, indicating a recovery in business activities[20] - The project "Chenbaerhu Qi China Grass Industry Cluster PPP" has a total investment of ¥45,000,000, with 77.82% of the investment completed by December 31, 2020[25] - The "Luzhou Bachelor City Municipal Road and Park Greening Tourism" project has a total investment of ¥16,812,050, with 96.35% of the investment completed by October 31, 2020[25] - The "Luojian County 2017 Urban and Rural Infrastructure Improvement Project" has a total investment of ¥25,000,000, with 99.89% of the investment completed by December 31, 2020[25] Research and Development - Research and development expenses decreased by 31.59% to ¥3.40 million from ¥4.98 million, reflecting reduced investment due to the pandemic[19] - The company’s research and development expenses for Q1 2020 were CNY 3,403,677.72, down from CNY 4,975,602.99 in the previous period[40] Future Outlook and Strategy - The company is strategically focusing on economically developed regions and has aligned its operations with national infrastructure and ecological construction policies, which are expected to positively impact its business[20] - The company plans to focus on market expansion and new product development as part of its future strategy[44]