Semir(002563)2020-04-28 16:00Financial Performance - The company's revenue for Q1 2020 was ¥2,737,910,642.83, representing a decrease of 33.51% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥17,482,482.67, down 94.96% year-on-year[3]. - Basic earnings per share decreased by 92.31% to ¥0.01 compared to ¥0.13 in the previous year[3]. - The company reported a net profit excluding non-recurring items of -¥25,913,062.90[3]. - The net profit for the first half of 2020 is expected to be positive but will decline by over 50% year-on-year, with a projected range of net profit attributable to shareholders between ¥7,221.06 million and ¥21,663.20 million, compared to ¥72,210.65 million in the same period of 2019[16]. - The company's operating revenue for the current period is approximately ¥1.58 billion, a decrease of 41% compared to ¥2.69 billion in the same period last year[32]. - The net profit attributable to the parent company is approximately ¥124.27 million, down 74.8% from ¥473.50 million in the previous year[32]. - The total profit for the current period is approximately ¥186.97 million, down 68.6% from ¥593.73 million in the previous year[32]. Cash Flow - The net cash flow from operating activities was -¥241,544,959.37, indicating a significant decline in cash generation[3]. - The net cash flow from operating activities was -143,475,132.60 RMB, compared to 31,245,954.02 RMB in the previous period, indicating a significant decline in operational performance[37]. - Cash inflow from operating activities totaled 1,947,732,922.16 RMB, down from 3,785,829,486.04 RMB, reflecting a decrease of approximately 48.5% year-over-year[37]. - The total cash outflow from operating activities was 2,091,208,054.76 RMB, compared to 3,754,583,532.02 RMB in the previous period, marking a reduction of about 44.4%[37]. - The cash inflow from investment recovery was 496,971,123.95 RMB, which was a significant source of liquidity[37]. - The cash flow from sales of goods and services was 1,918,100,914.59 RMB, down from 3,710,352,333.66 RMB, indicating a decline of about 48.3%[37]. Assets and Liabilities - Total assets at the end of the reporting period were ¥16,553,794,652.13, a slight decrease of 0.40% from the end of the previous year[3]. - The company's total assets as of March 31, 2020, were CNY 15,267,343,474.13, a slight decrease from CNY 15,375,764,900.32 at the end of 2019[26]. - The company's total liabilities amounted to CNY 3,078,099,517.09, down from CNY 3,296,922,750.74 at the end of 2019[27]. - Total assets decreased from CNY 17,252,619,640.74 to CNY 16,620,692,940.86, a reduction of CNY 631,926,699.88[41]. - Total liabilities increased from CNY 4,826,288,502.90 to CNY 5,458,215,202.78, an increase of CNY 631,926,699.88[41]. - Non-current liabilities increased significantly from CNY 829,107,400.81 to CNY 1,461,034,100.69, an increase of CNY 631,926,699.88[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,677[6]. - Major shareholders include Qiu Guanghe with a 16.61% stake and Qiu Jianqiang with a 13.32% stake[6]. - The company’s shareholder, Qiu Jianqiang, pledged 45,000,000 shares as collateral for funding needs, with a pledge period from November 12, 2018, to November 11, 2021[12]. - As of March 31, 2020, Qiu Jianqiang held 359,442,552 shares, with 126,600,000 shares pledged, representing 4.69% of the total share capital[13]. Government Support - The company received government subsidies amounting to ¥36,485,397.52 during the reporting period[4]. - Other income surged by 6262.78% to CNY 38,200,559.01 from CNY 600,375.71, mainly due to increased government subsidies received[10]. Operational Challenges - The company anticipates a decline in domestic business profits and increased losses in overseas operations due to the impact of the COVID-19 pandemic[16]. - The company has experienced a significant decline in sales and profitability, indicating potential challenges in market conditions and operational efficiency[32].