HZIS(600126)2020-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 67.33% to CNY 142.45 million year-on-year[4] - Operating revenue declined by 9.36% to CNY 5.91 billion compared to the same period last year[4] - Basic and diluted earnings per share dropped by 69.23% to CNY 0.04[4] - The net profit for the period was CNY 140,332,960.82, reflecting a decline of 68.23% from CNY 441,664,176.73 year-on-year[9] - The total profit decreased by 70.92% to CNY 166,856,278.13 from CNY 573,709,061.99 in the previous year[9] - Total operating revenue for Q1 2020 was CNY 5,910,105,549.90, a decrease of 9.35% compared to CNY 6,520,663,587.87 in Q1 2019[18] - Q1 2020 net profit reached 103,799,429.10, an increase of 6.4% from Q1 2019's 97,931,506.97[21] - Q1 2020 total profit amounted to 110,133,170.47, compared to 106,326,330.39 in Q1 2019, reflecting a growth of 2.6%[20] Cash Flow - Net cash flow from operating activities decreased by 16.07% to CNY 805.83 million year-on-year[4] - The cash flow from operating activities decreased by 16.07% to CNY 805,827,247.68 compared to CNY 960,089,289.94 in the previous year[10] - In Q1 2020, the company reported cash inflows from operating activities totaling CNY 6,341,788,967.78, an increase of 5.2% compared to CNY 6,029,317,913.78 in Q1 2019[22] - The net cash flow from operating activities for Q1 2020 was CNY 805,827,257.68, down 16.1% from CNY 960,089,289.94 in the same period last year[22] - Cash inflows from investment activities were CNY 93,470,208.33, a decrease of 52.0% compared to CNY 194,730,246.58 in Q1 2019[23] - The net cash flow from investment activities was negative at CNY -373,267,907.08, contrasting with a positive CNY 61,524,160.31 in Q1 2019[23] - The company’s cash outflow for operating activities was CNY 5,535,961,710.10, an increase of 9.2% from CNY 5,069,228,623.84 in Q1 2019[22] Assets and Liabilities - Total assets increased by 4.88% to CNY 27.63 billion compared to the end of the previous year[4] - The company's total equity reached CNY 19,320,478,166.09 as of March 31, 2020, compared to CNY 19,176,451,209.17 at the end of 2019[15] - Total liabilities as of March 31, 2020, were CNY 1,138,366,675.43, significantly higher than CNY 388,138,428.56 in the previous year[16] - The company's financial assets increased by 105.36% to CNY 575,000,000.00 from CNY 280,000,000.00[9] - Prepayments rose by 189.79% to CNY 713,035,379.87 from CNY 246,055,446.11[9] - Accounts payable increased by 43.35% to CNY 2,554,665,805.88 from CNY 1,782,104,755.29[9] - The total amount of other receivables increased to CNY 1,274,913,213.54 in Q1 2020 from CNY 1,034,615,338.53 in Q1 2019, reflecting a growth of 23.2%[15] Operational Changes - The company utilized idle funds to purchase CNY 295 million in financial products, increasing trading financial assets[8] - The company’s subsidiary, Ningbo Steel, faced reduced sales gross margin due to decreased domestic steel demand and falling steel prices[8] - Other income decreased significantly as there were no similar factors affecting the current period compared to the previous year[8] - The company made donations for pandemic relief, contributing to an increase in other operating expenses compared to the previous year[8] - The company plans to acquire 85% equity in Zhejiang Metallurgical Materials Co., Ltd. and Zhejiang Hangang International Trade Co., Ltd. through a share issuance[11] Research and Development - The company reported a decrease in research and development expenses to CNY 92,649,993.52 in Q1 2020 from CNY 96,837,802.40 in Q1 2019, a decline of 4.3%[18]