Fuanna(002327)2020-04-27 16:00Financial Performance - The company's revenue for Q1 2020 was ¥511,172,327.24, a decrease of 2.02% compared to ¥521,693,465.57 in the same period last year[10] - Net profit attributable to shareholders was ¥76,231,156.75, down 5.95% from ¥81,050,779.98 year-on-year[10] - Basic earnings per share decreased by 10.00% to ¥0.09 from ¥0.10 in the same period last year[10] - Operating revenue for the year was 511,172,327.24, a decrease of 2.02% compared to the previous year[25] - Net profit for the year was 76,231,156.75, down 5.95% from the previous year[25] - Total operating revenue for the current period is CNY 511,172,327.24, a decrease from CNY 521,693,465.57 in the previous period, representing a decline of approximately 4.3%[62] - Net profit for the current period is CNY 76,231,156.75, compared to CNY 81,050,779.98 in the previous period, reflecting a decrease of approximately 5.0%[68] Cash Flow - The net cash flow from operating activities was negative at ¥-186,819,056.22, a decline of 159.64% compared to ¥313,269,876.77 in the previous year[10] - Cash flow from operating activities decreased by 159.64%, primarily due to increased payments for bank acceptance bills and reduced collections from distributors[28] - Cash flow from operating activities generated a net outflow of ¥186,819,056.22, compared to a net inflow of ¥313,269,876.77 in the previous period[80] - Total cash inflow from operating activities was 495,633,959.51 RMB, compared to 570,352,296.46 RMB in the previous period, reflecting a decrease of 13%[87] - Cash received from sales of goods and services was 473,997,206.77 RMB, down from 552,028,692.56 RMB, indicating a decline of 14%[87] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,353,919,857.76, a decrease of 7.41% from ¥4,702,428,440.70 at the end of the previous year[10] - Total current assets amounted to ¥2,355,487,648.21, a decrease of approximately 10.65% from ¥2,635,913,112.98 as of December 31, 2019[44] - Total liabilities decreased to ¥713,496,332.61 from ¥1,138,236,072.30, a decline of about 37.24%[50] - Total current liabilities decreased to ¥684,733,849.63 from ¥1,108,202,638.77, a reduction of approximately 38.06%[50] - Total assets amount to CNY 4,087,450,007.45, down from CNY 4,254,623,404.83 in the previous period, a decline of about 3.9%[60] - Total liabilities are CNY 922,438,673.19, reduced from CNY 1,149,195,926.36 in the previous period, indicating a decrease of approximately 19.7%[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,599[15] - Major shareholders Lin Guofang and Chen Guohong collectively hold 51.9% of the company's shares, acting as the controlling shareholders[15] Investment Activities - Investment activities generated a net cash flow of 44,225,930.86, a decrease of 66.58% compared to the previous year[29] - The company reported investment income of CNY 14,858,906.68, up from CNY 7,237,380.26 in the previous period, indicating an increase of about 105.0%[65] - Cash inflow from investment activities totaled ¥790,520,573.35, significantly higher than ¥460,142,380.26 in the previous period[83] - The company received 620,000,000.00 RMB from the recovery of investments, an increase from 452,905,000.00 RMB in the previous period[87] Other Financial Metrics - The net cash flow from operating activities was 20,775,466.01 RMB, a decrease of 83% compared to the previous period's 122,454,334.72 RMB[87] - Financial expenses decreased by 124.53%, mainly due to the payment of interest and discount fees on short-term loans in the previous period[25] - Other income increased by 39.20%, primarily due to an increase in government subsidies received during the current period[28] - Research and development expenses for the current period are CNY 8,211,416.80, compared to CNY 7,884,860.11 in the previous period, showing an increase of approximately 4.2%[65] - Research and development expenses increased to ¥7,956312.74 from ¥7,386,282.52, reflecting a commitment to innovation[73]