GRKJ(SZ:300600)2020-04-27 16:00Financial Performance - Total revenue for Q1 2020 was ¥82,291,364.97, a decrease of 13.92% compared to ¥95,595,261.88 in the same period last year[7] - Net profit attributable to shareholders was ¥7,952,703.39, down 42.13% from ¥13,742,845.76 year-on-year[7] - Basic earnings per share decreased by 40.00% to ¥0.03 from ¥0.05 in the same period last year[7] - Net profit for the period was ¥7,952,703.39, down 42.13% year-on-year[19] - The net profit for Q1 2020 was CNY 10,016,057.95, down from CNY 13,592,797.69 in the same period last year, representing a decline of approximately 26.5%[48] - The total profit for Q1 2020 was CNY 11,666,685.74, compared to CNY 15,552,631.68 in the previous period, indicating a decrease of about 25.1%[47] Cash Flow - Net cash flow from operating activities was -¥150,929,652.93, an increase of 362.90% compared to -¥32,605,499.98 in the previous year[7] - The company reported a cash inflow from operating activities of CNY 132,220,342.26, significantly higher than CNY 81,059,703.46 in the previous period[49] - The net cash flow from operating activities was -150,929,652.93 CNY, compared to -32,605,499.98 CNY in the previous period, indicating a significant decline in cash generation[51] - Cash inflow from operating activities totaled 132,163,210.28 CNY, a significant increase from 79,873,831.85 CNY in the previous period[54] - Cash outflow for purchasing goods and services was 240,468,509.47 CNY, compared to 60,293,427.86 CNY in the previous period, indicating a rise in operational costs[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,793,699,034.54, a decrease of 12.12% from ¥2,041,150,264.80 at the end of the previous year[7] - Total liabilities decreased to CNY 663,121,986.38 from CNY 917,442,761.54 in the previous period[39] - Current assets totaled CNY 1,338,796,506.68 as of March 31, 2020, down from CNY 1,583,761,027.98 at the end of 2019[36] - Total assets decreased from CNY 2,041,150,264.80 to CNY 1,793,699,034.54, a decline of approximately 12.1%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,505[11] - The largest shareholder, Gong Ruiliang, holds 38.77% of the shares, amounting to 117,450,000 shares[11] - The company did not experience any changes in share capital due to new share issuance or other reasons during the reporting period[7] Operational Changes and Future Outlook - The company anticipates that the ongoing COVID-19 pandemic will significantly impact its operations in the future[21] - To ensure performance growth, the company is focusing on cost-saving measures and actively expanding into new business areas[22] - Sales expenses decreased by 43.93% due to reduced travel and entertainment costs amid the COVID-19 pandemic[18] Investment and Fund Management - Total fundraising amount for the quarter was CNY 30,510,000[26] - Cumulative investment of raised funds reached CNY 27,926,450, accounting for 91.8% of the total[26] - The company has not reported any violations in the management of raised funds this year[27] - There were no significant changes in the feasibility of investment projects during the reporting period[27] Other Financial Metrics - The company reported non-recurring gains and losses of ¥809,918.12 during the reporting period[8] - Research and development expenses for Q1 2020 were CNY 4,288,309.49, a decrease from CNY 5,764,804.97 in the previous period[46] - The company experienced a credit impairment loss of CNY 595,000.44 during the quarter[47] - The company incurred financial expenses of CNY 5,267,712.47, compared to a financial income of CNY 190,744.01 in the previous year[46] Audit and Compliance - The first quarter report was not audited, which may affect the reliability of the financial data presented[57]