LONGSHINE(SZ:300682)2020-04-28 16:00Financial Performance - Total revenue for Q1 2020 was CNY 371,479,504, a decrease of 6.75% compared to the same period last year[9]. - Net profit attributable to shareholders was CNY 34,839,445, representing a significant increase of 334.65% year-on-year[9]. - The net profit after deducting non-recurring gains and losses was CNY 41,552,733, an increase of 244.28% compared to the previous year[9]. - Basic earnings per share were CNY 0.0579, up 259.07% from the previous year[9]. - Total operating revenue for the first quarter was CNY 371,479,504.00, a decrease of 6.73% compared to CNY 398,366,944.26 in the previous period[88]. - The net profit attributable to the parent company is CNY 34,839,444.76, a significant recovery from a net loss of CNY 14,847,461.27 in the previous period[97]. - The total profit for the current period is CNY 34,102,740.41, compared to CNY 20,056,472.31 in the previous period, showing an increase of approximately 70%[97]. Cash Flow - The net cash flow from operating activities was -CNY 415,604,148, a decline of 709.81% year-on-year[9]. - The company reported a cash inflow from operating activities of CNY 364,815,822.14, down from CNY 645,568,117.80 in the previous period[105]. - The net cash flow from operating activities was -264,147,672.03, compared to -104,275,396.81 in the previous period, indicating a significant decline in cash generation[112]. - The total cash outflow for operating activities was 395,283,685.04, compared to 296,114,925.44 in the previous period, indicating increased operational expenses[112]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,669,760,987, a decrease of 4.32% from the end of the previous year[9]. - The company's total assets decreased to CNY 5,841,850,102.29 from CNY 6,073,539,664.25, a decline of 3.81%[88]. - The company's cash and cash equivalents decreased to CNY 1,447,705,545.50 from CNY 1,853,619,590.14, representing a decline of about 22%[72]. - The company's total current liabilities decreased to CNY 841,393,946.43 from CNY 1,148,649,656.27, a decrease of about 26.7%[78]. - The total liabilities were reported at CNY 627,703,405.16, down from CNY 851,692,149.03, indicating a reduction of 26.29%[88]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,964[13]. - The largest shareholder, Yue Qi Capital Limited, held 14.71% of the shares[13]. - The company has committed to a 36-month lock-up period for shares obtained through recent transactions, preventing any transfer of these shares during this time[44]. - The company is currently fulfilling its commitments regarding share lock-up as stipulated during the asset restructuring process[44]. Research and Development - Research and development expenses increased by 35.44% to 69,551,727.94 RMB, primarily due to the consolidation of Bangdao Technology[31]. - The company’s intangible assets rose by 47.81% to 70,555,909.38 RMB, primarily from the development costs of the Hanyun Industrial Internet platform[31]. - The development of the Hanyun Industrial Internet platform is ongoing, with several core systems and products already launched[39]. Government Support and Donations - The company reported government subsidies of CNY 3,623,160 related to business operations[12]. - The company made a donation of 10 million RMB to combat COVID-19, reflected in the other expenses section[31].