SPM(601900)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 58.68% to CNY 113,603,332.29 year-on-year[12] - Operating revenue declined by 2.17% to CNY 1,440,199,094.91 compared to the same period last year[12] - Basic earnings per share dropped by 58.06% to CNY 0.13 compared to the same period last year[12] - The weighted average return on equity decreased by 3.04 percentage points to 1.86%[12] - Total operating revenue for Q1 2020 was CNY 1,440,199,094.91, a decrease of 2.2% compared to CNY 1,472,214,261.39 in Q1 2019[45] - Net profit for Q1 2020 was CNY 112,713,980.96, a decline of 58.7% from CNY 273,267,323.51 in Q1 2019[48] - Earnings per share for Q1 2020 was CNY 0.13, compared to CNY 0.31 in Q1 2019, indicating a decrease of 58.1%[50] - The total profit for the first quarter of 2020 was CNY 21,044,433.66, a decrease from CNY 169,784,323.80 in the same period of 2019, reflecting a significant decline[54] - The total comprehensive income for the quarter was CNY 21,044,433.66, significantly lower than CNY 169,784,323.80 in the first quarter of 2019[56] Cash Flow - Net cash flow from operating activities was negative at CNY -434,152,291.95, a decrease of 338.43% year-on-year[12] - Operating cash flow net amount decreased by 338.43% to -RMB 434,152,291.95 from RMB 182,090,026.26, mainly due to unreceived payments for spring textbooks[27] - Cash inflow from operating activities totaled CNY 645,303,381.80, while cash outflow was CNY 1,079,455,673.75, indicating a challenging operational environment[56] - The net cash flow from operating activities was negative CNY 434,152,291.95, compared to a positive CNY 182,090,026.26 in the first quarter of 2019[56] - The net cash flow from investing activities was -298,610,382.69 RMB, an improvement from -379,102,288.11 RMB in the previous year[63] - Cash inflow from financing activities was 40,000,000.00 RMB, down 60% from 100,000,000.00 RMB in Q1 2019[65] - The net cash flow from financing activities was 15,244,242.53 RMB, a decrease of 81.4% compared to 81,685,122.41 RMB in the same quarter of 2019[65] Assets and Liabilities - Total assets increased by 4.03% to CNY 11,178,377,915.77 compared to the end of the previous year[12] - Total liabilities reached ¥4,832,474,320.42, up from ¥4,507,701,173.33, marking an increase of around 7.2%[36] - Total current liabilities rose to ¥4,066,698,329.34, compared to ¥3,774,911,318.20, reflecting an increase of approximately 7.7%[34] - Total liabilities as of the reporting date were CNY 3,691,400,022.02, slightly up from CNY 3,680,820,920.50 in the previous period[43] - The company reported a total of 4,615,867,695.57 RMB in current assets, unchanged from the previous year[67] - The company’s long-term assets totaled 6,129,307,670.46 RMB, consistent with the previous year’s figures[67] Shareholder Information - The total number of shareholders was 30,865 at the end of the reporting period[19] - The largest shareholder, Guangdong Publishing Group Co., Ltd., holds 69.96% of the shares[19] Investment and Other Income - Government subsidies recognized in the current period amounted to CNY 7,790,219.86[15] - The company reported a loss of CNY -15,075,457.24 from fair value changes of equity investments[15] - Investment income decreased by 42.04% to RMB 1,671,016.84 from RMB 2,883,121.71, due to new wealth management products not maturing[27] - Other income decreased by 27.50% to RMB 8,041,568.99 from RMB 11,091,935.35, primarily due to a decline in government subsidy income[27] Changes in Assets - Cash and cash equivalents decreased by 40.47% to RMB 1,138,119,362.79 from RMB 1,911,801,347.78 due to the non-receipt of spring textbook payments for 2020[22] - Accounts receivable rose by 85.95% to RMB 1,836,169,065.37 from RMB 987,465,910.80, primarily due to unreceived payments for spring textbooks[22] - Other current assets increased by 83.20% to RMB 138,288,026.44 from RMB 75,485,241.71, attributed to an increase in estimated input tax[24] - Cash and cash equivalents decreased to ¥525,323,381.17 from ¥1,189,920,234.30, a decline of approximately 56%[36] - Inventory decreased significantly to ¥704,205.16 from ¥145,784,095.42, indicating a decline of approximately 99.5%[40]