绿盟科技(300369) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥164,952,473.04, a decrease of 13.74% compared to ¥191,219,053.87 in the same period last year[9]. - Net profit attributable to shareholders was -¥60,656,463.33, representing a decline of 149.22% from -¥24,338,924.96 year-on-year[9]. - Basic and diluted earnings per share were both -¥0.0760, a decrease of 150.00% from -¥0.0304 in the same period last year[9]. - The company's operating revenue for the reporting period was ¥164,952,473.04, a year-on-year decrease of 13.74%[25]. - The net profit attributable to shareholders was -¥60,656,463.33, a year-on-year decline of 149.22%[25]. - The total profit (loss) for the current period is -61,120,356.11, compared to -24,888,869.83 in the previous period, indicating worsening financial performance[64]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 95.60%, amounting to -¥5,247,818.41 compared to -¥119,402,216.01 in the previous year[9]. - The company’s cash and cash equivalents decreased by 45.82% from -¥476,150,662.92, indicating a significant cash flow challenge[24]. - The company reported a decrease in cash and cash equivalents to ¥927.26 million as of March 31, 2020, down from ¥1,212.25 million at the end of 2019, representing a decline of approximately 23.5%[43]. - Operating cash inflow totaled CNY 398,711,339.76, up from CNY 292,287,966.87 in the previous period, representing an increase of approximately 36.4%[75]. - Cash inflow from investment activities was CNY 50,224,653.38, significantly down from CNY 479,709,262.53 in the previous period, a decrease of approximately 89.5%[75]. - The cash and cash equivalents at the end of the period amounted to CNY 753,090,524.92, compared to CNY 472,165,522.05 at the end of the previous period, an increase of approximately 59.5%[77]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,893,208,388.95, down 4.63% from ¥4,082,277,759.29 at the end of the previous year[9]. - The total liabilities decreased to CNY 562,829,086.70 from CNY 699,970,283.09, reflecting a reduction of approximately 19.6%[49]. - The total equity attributable to shareholders decreased to CNY 3,331,376,697.96 from CNY 3,383,111,965.57, a decline of about 1.53%[51]. - The total assets of the company stood at $4.08 billion, with current assets totaling approximately $2.97 billion[83]. - The total liabilities were reported at $699.97 million, with current liabilities accounting for $662.44 million[83]. Investments and Expenses - The financial assets increased by 57.47% from ¥460,396,222.22 to ¥725,000,000.00 due to idle funds being used for investment[21]. - The company experienced a significant increase in development expenses, rising by 736.89% to ¥21,736,112.89 due to ongoing projects[21]. - Research and development expenses increased to 67,870,241.13, up from 65,133,561.45, reflecting a focus on innovation[64]. - The total operating costs for the current period are 243,539,842.63, compared to 238,181,010.69 in the previous period, showing a slight increase[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,327[13]. - The top shareholder, Shen Jiyi, held 10.38% of the shares, totaling 82,858,645 shares[13]. - There are no overdue commitments from major shareholders or related parties during the reporting period[37]. Regulatory and Market Risks - The company is at risk of potential adverse impacts from changes in tax incentive policies affecting its performance[29]. - The company is actively monitoring and assessing risks associated with overseas market expansion, including local operating environments and regulatory changes[30]. - The company is facing risks related to talent retention, particularly in high-end cybersecurity personnel, which could impact product development if key personnel leave[30]. Miscellaneous - The company received government subsidies amounting to ¥925,893.29 during the reporting period[11]. - The company reported a non-operating income of ¥8,721,181.34 from entrusted investment management[9]. - The company has established wholly-owned subsidiaries in Hong Kong, the United States, Japan, Singapore, and the United Kingdom to expand its international market presence[30]. - The company adopted the new revenue recognition standards starting January 1, 2020, as per the revised accounting standards[91]. - The first quarter report was not audited[92].