DOJJ(002798)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥793,355,440.84, representing a decrease of 23.81% compared to ¥1,041,303,107.13 in the same period last year[8] - The net profit attributable to shareholders was ¥50,534,392.24, down 23.12% from ¥65,731,210.55 year-on-year[8] - Basic earnings per share decreased by 23.53% to ¥0.13 from ¥0.17 in the same period last year[8] - The net profit of Foshan Oushennuo Ceramics Co., Ltd. decreased by 13.99% to ¥59,508,300.00, with a revenue drop of 22.78% to ¥731,182,800.00[20] - Operating profit for Q1 2020 was CNY 60,115,921.38, down 21.73% from CNY 76,766,951.52 year-over-year[43] - Net profit for Q1 2020 was CNY 49,311,295.29, a decline of 23.52% compared to CNY 64,515,107.75 in Q1 2019[43] Cash Flow - The net cash flow from operating activities was negative at ¥-387,715,183.32, a decline of 313.33% compared to ¥181,741,244.16 in the previous year[8] - The company’s investment activities generated a net cash outflow of -¥97,373,857.45, an improvement of 53.75% compared to the previous period[19] - Total cash inflow from operating activities was 558,405,224.21 CNY, while cash outflow was 946,120,407.53 CNY, resulting in a net cash flow deficit[51] - The company reported a cash flow deficit of 114,589,376.47 CNY for the current period, contrasting with a cash inflow of 26,821,761.04 CNY previously[52] Assets and Liabilities - Total assets increased by 4.42% to ¥7,311,819,409.13 from ¥7,002,181,558.97 at the end of the previous year[8] - Total liabilities rose to CNY 3,612,501,897.47, up from CNY 3,359,699,157.29, indicating an increase of about 7.5%[35] - Current liabilities totaled CNY 3,277,804,998.52, compared to CNY 2,922,839,386.90, marking an increase of approximately 12.2%[35] - Non-current assets amounted to CNY 3,106,150,600.63, up from CNY 2,965,083,901.79, representing a growth of about 4.8%[36] Shareholder Information - The top three shareholders, Liu Jin, Chen Wei, and Wu Zhixiong, collectively hold 44.58% of the shares, with significant portions pledged[12][13] - The total number of ordinary shareholders at the end of the reporting period was 8,731[12] Government Support and Subsidies - The company received government subsidies amounting to ¥7,299,743.17 during the reporting period[9] - Other income increased by 32.09% to ¥11,404,943.17, mainly due to increased government subsidies received during the reporting period[17] Expenses - Research and development expenses grew by 63.38% to ¥5,543,488.26, driven by increased investment in new sanitary ware product development[18] - The company reported a significant increase in financial expenses by 70.06% to ¥13,964,726.73 due to higher bank borrowings[17] - Total operating costs for Q1 2020 were CNY 727,352,533.68, a decrease of 25.00% from CNY 970,482,125.30 in the same period last year[46] - Sales expenses for Q1 2020 were CNY 137,107,544.62, a decrease of 24.50% compared to CNY 181,714,138.46 in the previous year[46] Accounting and Compliance - The company has not undergone an audit for the first quarter report[63] - The company is adapting to new accounting standards effective from January 1, 2020, impacting revenue recognition and lease accounting[63]